How We Helped Janice Create a Successful Retirement Plan
Janice was a new client who came to us to set up a retirement savings financial plan. She was 55 and wanted to retire in 10 years. Her investments for retirement were primarily in a 401(k) plan through her employer. She owned a lot of company stock. She also had an account at a major brokerage house and invested in an assortment of stocks, mutual funds, and bonds. Janice was unsure how that was working for her. She was thinking […]
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Date: July 26, 2022
Dizzying Week Ahead
With the biggest earnings week of the season including Amazon, Apple, Facebook, Microsoft and UPS, the FOMC announcement on Wednesday and first look at Q2 GDP on Thursday, this is going to be a super busy week. Heading into the weekend, S&P 4000 or so looked to be a logical pause point for the stock market as I wrote here. Stocks have had a nice bounce off the June bottom and a breather will not be the worst thing in […]
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Date: July 25, 2022
Bulls Firmly in Control But 4000 Should Start Pause
The stock market is having a good week. The nasty reversal on Monday didn’t even give the bears satisfaction for 24 hours. It turned out to be a trap and stocks immediately soared higher again. Below is an update of the chart I posted last week with price filling in for where I had my light blue lines to generally forecast the next few weeks. S&P 4000 is within reach and that would fill the remaining gap left from the […]
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Date: July 22, 2022
Finally a Surge in Buying Interest
Don’t look now, but the bulls have scored two big up days in the last three days with an intervening reversal on Monday. We are finally seeing a surge in buying interest as the many of the major indices attempt to exceed their late June highs. If successful that would be higher highs and higher lows. If I am wrong and the bear market is about to resume we should see immediate failure by the bulls. The S&P 500 is […]
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Date: July 20, 2022
The News is Awful
The news this week has been putrid, like Tiger Woods’ golf at the British Open. CPI was hot. PPI was hot. Talk has turned to a full 1% rate hike by the Fed on July 27th. Bank earnings hasn’t been very good so far except for Citibank. Yet, as I write this before lunch the S&P 500 is down a little more than 1% this week. The NASDAQ 100 is down even less. With all that bad news, the casual […]
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Date: July 15, 2022
6 Smart Strategies for High Net Worth Retirement Planning
High net worth (HNW) families such as yours face unique challenges, and opportunities, in the years leading up to retirement. You require sophisticated planning that addresses the complexities that inevitably accompany affluence, from tax strategies to estate plans. It’s critical to partner with the right professional financial advisor, someone with the knowledge and experience to customize solutions for your unique circumstances. And a friendly, caring attitude wouldn’t hurt, either. Here are six elements of an overall strategy that map out […]
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Date: July 14, 2022
Feeling HOT, HOT HOT
On Tuesday I saw a tweet quoting someone in the Biden Administration as saying that today’s inflation data had “stale” energy prices in it. To me that meant he had already seen the report and was prepping the markets and people for a hot CPI today. The stock market hung in nicely on Tuesday until the lunchtime lull turned into the afternoon plunge. All in all, it still wasn’t an awful day. The government released the Consumer Price Index (CPI) […]
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Date: July 13, 2022
Staving Off Recession, For Now
On Friday the government released June employment data and revised prior months with real data, not the algo they use in real time. The economy created 372,000 new jobs well beyond expectations of 250,000 new jobs. However, April and May were revised lowed by 74,000. Wages gained 5% year over year. All in all this was another stellar report on the surface. However, markets now seem to be in the good news is bad news regime as a stronger economy […]
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Date: July 11, 2022
Time for a Pause or Mild Pullback?
The stock market has had a nice little rally over the past week. It still needs to clear some upside to see that defined higher highs and higher lows, but let’s not be greedy here. The rally hasn’t exactly been powerful or overwhelmingly strong. So far, it just looks like a bounce from A low but not THE low. These bounces can persist for days, weeks or months depending on how long it takes for investors to believe again. I […]
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Date: July 8, 2022
Taking Stock as Q3 Begins – The Single Most Important Sign
As July, Q3 and 2H 2022 begin the financial markets remain volatile and likely to stay that way throughout Q3. Over the past month or so, I have been encouraged by the behavior in sectors that peaked first and led the decline, namely, software, biotech, innovation and China. Those groups continue to lead the nascent rally. As I keep mentioning, I love bonds, especially on a risk-adjusted basis through year-end. The rally off the low has been strong and certainly […]
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Date: July 6, 2022
