The Wealth Blog
The Basics—Why Should I Invest – February 19, 2020
Before you begin to save and invest, you must have financial goals. There must be a “why I’m saving” before there is a “how to…
A Modest Start for Retailers – February 18, 2020
Retailers began the new year in a modest fashion, as early numbers weren’t too hot nor too cold. Retail sales rose 0.3% in January. Ex-autos,…
Market Update – February 17, 2015
Much has been made of the steep drop in gasoline prices over the last year. We hear terms like it’s “a tax cut for consumers,”…
Fed Chief Powell Talks, Investors Listen – February 12, 2020
Fed Chief Powell testifies on monetary policy before two Congressional committees twice a year. He’s talking Tuesday and Wednesday. Representatives ask about the economy, but…
Stock Market Reaction to Past Epidemics – February 5, 2020
Friday’s selloff tied to the coronavirus in China lopped 603 points (2.1%) off the Dow Jones Industrial Average1. It was the biggest one-day percentage decline…
When Stocks are Priced for Perfection – February 3, 2020
When stocks are priced for perfection, the market can become vulnerable to unexpected events. Since early October, market tailwinds have been strong. These include low…
Reacting to the Unknown–Coronavirus – January 29, 2020
Stocks have repeatedly hit new hits. When shares are priced for perfection, they are more vulnerable to surprises. On Monday, stocks declined amid growing worries…
Interest Rates and Today’s Long-Lasting Expansion – January 27, 2020
On Wednesday, the Fed will conclude its two-day meeting. It is widely expected that central bankers will keep the fed funds rate at 1.50 –…
Securing Your Retirement – January 22, 2020
At the end of 2019, Congress passed the SECURE Act, which makes dramatic changes to the laws that govern retirement accounts. Changes include— The age…
Falling Mortgage Rates Boost Housing – January 21, 2020
Mortgage rates have a big influence on housing. Last year, the 30-year fixed mortgage rate peaked in November, averaging 4.87%. Rising rates throughout much of…
Running of the Bulls – January 15, 2020
Q4 2019’s strong performance has spilled into 2020. Drivers of bullish sentiment include— Recession fears have subsided, and the economy is expanding. The yield curve…
The Middle East, Oil, and U.S. Production – January 13, 2020
In the past, chaos in the Middle East barreled into the price of oil. In August 1990, Iraq’s invasion of Kuwait lit a fire under…