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Weekly Market Report: August 15–19, 2022
Markets were off a little bit this week, as an article in the Wall Street Journal suggested that the Fed may be disengaged with the stock market. The Dow Jones was down 0.2%, S&P 500 off 1.2%, NASDAQ down 2.6. The ten-year Treasury was slightly up at 0.1 to close…
Read MoreWeekly Market Report: August 8–12, 2022
Inflation Took a Step in the Right Direction Inflation took a step in the right direction this week as headline CPI and PPI data came in better than expected. The markets liked it quite a bit. The S&P 500 finished the week up 3.3%, the Dow Jones up 2.9%, and…
Read MoreWhat Is a Recession?
Volatile stock markets, rising interest rates, and the highest inflation rates in 40 years bring one nagging question to the front of Americans’ minds: Are we in a recession? What Is a Recession? Definitions abound, so let’s discuss what a recession is—simply put, a recession is when the economy starts…
Read MoreWeekly Market Report: August 1–5, 2022
Unexpected Jobs Data In July, the U.S. economy added an impressive 528,000 jobs. This was double the expected jobs number. However, the market didn’t do so well this week. The Dow was off slightly, off 0.1%. S&P was up a little bit, 0.4. Nasdaq up 2.2 for the week, but…
Read MoreWeekly Market Report: July 25–29, 2022
The market had a pretty good day last Tuesday. For the week, the Dow finished up 3%, S&P 500 up 4.3%, NASDAQ was up 4.7. It’s still off over 20% for the year, so technically, in a bear market. The ten-year treasury was down to 2.66% on the yield, and…
Read MoreEstate Planning for Valuable Cars or Car Collections
You love it. You know you do. Why else would you spend so much time with it? I’m talking about your favorite car or, if you’re fortunate, car collection. The truth is, when you die, decisions will have to be made about your precious collection that you may or may…
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Weekly Market Report: August 22–26, 2022
Tough Week for the Markets It was a tough week for the market. Clearly, the economic news is not controlling the market—the Fed is. The market for the week finished down 4.2% on the Dow. The S&P 500 was down 4%. The NASDAQ was off 4.4%—back in correction territory, over…
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