May 2024 Market Insights
Stocks climbed to new highs this month after a good corporate earnings season and modest inflation reports.
Stocks climbed to new highs this month after a good corporate earnings season and modest inflation reports.
Retirement is something that many of us eagerly anticipate, but few think about the changes that really occur at this time in our lives. There are a number of tasks and considerations that are important to evaluate before you make this leap.
Discussion regarding the many facets of AI (Artificial Intelligence) is spreading around the world. Several fears are being expressed about AI in general, but one serious threat that has come to fruition is the Deepfake.
After hitting an all-time high in March, the S&P 500 stock index proceeded to pull back over 5% in the first three weeks of April. As we mentioned before, 5% pullbacks happen in most years.
The first quarter ended with a new high for the S&P 500. Earnings growth expectations helped fuel the rally, which kept going despite higher interest rates. Higher rates pushed bond prices lower, resulting in a small loss for the Aggregate index, though our clients’ exposure to shorter-term corporate bonds and alternative funds typically resulted in a gain.
A scam called “check washing” is currently on the rise. This occurs when thieves steal checks, usually through the mail, and use household chemicals to “wash” the existing ink on the check.
Positive stock momentum continued as earnings increased, inflation moderated, jobs remained strong, and interest rates remained range bound.
When will the Fed start cutting rates? The S&P 500 crossed above 5,000 for the first time, despite higher interest rates this year.
Markets are at all-time highs, GDP topped expectations, semiconductor (chip) stocks are the talk of the town, and the Fed is on hold (for now).
Employers now can correct or withdraw erroneous claims for credits and refunds that involved the Employee Retention Credit (“ERC”). The ERC is a refundable tax credit available to employers that continued to pay their employees during the COVID-19 pandemic and had any of the following items. Click to read more.