137 Search Results for: covid

  • What You Need to Do 10, 5 and 1 Year Before Retirement

    Posted on April 7, 2022

    by Jamie P. Hopkins, ESQ., CFP®, LLM, CLU®, ChFC®, RICP®  Regardless of how far off you are from retirement, there’s one main goal your planning should be working toward: saving enough so that you don’t outlive your money. 

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  • Market Commentary: US Sees Robust Job Numbers; S&P 500 Closes Out Negative Quarter

    Posted on April 4, 2022

    The U.S. economy has continued to create jobs. The establishment report, which measures jobs at known entities, added 431,000 new jobs last month. Economists expected 478,000 new jobs. The previous two months were revised higher by nearly 100,000, making up for the slight miss. Unemployment dipped to 3.6%, according to the household survey, which includes self-employed workers. The household survey indicated the labor force grew to 164.4 million, supporting the idea people are returning to the labor force.

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  • Market Commentary: Fed Officials Indicate Faster Pace, Steeper Hikes for Interest Rate Increases

    Posted on March 28, 2022

    Initial jobless claims reached their lowest level since September 1969. Continuing claims fell to 1.35 million and reached their lowest level since 1970. The labor force was half as large then as it is today. Concerns about inflation, excess demand, and uncertainty about Russia’s attack on Ukraine have not stopped firms from keeping the workers they have on the payroll (Figure 1).

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  • Market Commentary: To Combat Inflation, Fed Plans 6 More Interest Rate Hikes, Surprising Investors

    Posted on March 21, 2022

    The Federal Reserve both met expectations and surprised investors at the same time last week. As expected, the Fed raised rates 0.25%, beginning to unwind the sharp rate reductions it implemented to protect the economy during the early stages of COVID-19. The surprise was the announced intention to raise rates six more times this year. Previously the Fed had indicated around three hikes was likely this year.

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  • Market Commentary: Fed Poised to Raise Rates this Week, Could Signal Future Increases

    Posted on March 14, 2022

    Inflation continued to bound higher last month. The Consumer Price Index (CPI) climbed 0.8% last month and is 7.9% higher than one year ago. The big culprits were food and energy. Food prices leapt 1% last month and gasoline prices increased 6.6% as part of an increase in overall energy prices of 3.5%. Core CPI increased 0.5% as the big increases in food and energy are omitted from core inflation. Car prices, which have contributed to inflationary pressures, were flat last month. Increased rent costs, which are applied to homeowners as well, were a top contributor to inflation.

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  • Market Commentary: Risk of Expanded Russian Conflict Pushes Markets Lower; US Economy Adds 678,000 Jobs

    Posted on March 7, 2022

    Concerns the Russian invasion of Ukraine will draw more countries into the conflict raised risk and pushed global markets lower. Statements about nuclear forces going on alert and world leaders discussing a no-fly zone concerned investors.

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  • Market Commentary: Russia-Ukraine Tensions, Inflation Among Contributors to Market Volatility After Relatively Calm 2021

    Posted on February 22, 2022

    Market uncertainty on multiple fronts is making it tough for investors. Russia’s ambitions in Ukraine, inflation, and some upheaval in individual securities are making it more challenging to bear risk than last year. 2021 was relatively calm, with only 80% as many 1% daily moves in the market as normal, and many of those were upswings. Who doesn’t love a 1% jump?

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  • Trends to Watch Out for in Q1 2022

    Posted on January 26, 2022

    We’re in a pretty interesting juncture in the markets. As we kick off the third year of the COVID-19 pandemic, the omicron variant is spreading across the country.

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  • Market Commentary: U.S. Inflation Challenges Likely Linked to Robust Government Aid, Policy Changes

    Posted on January 18, 2022

    Inflation remains a challenge to the U.S. economy. CPI rose 0.5% in December and surged 7.1% during the last year. It wasn’t all food and energy prices. Core inflation, which excludes those more volatile elements, increased 0.5% as well. As the bright blue line in Figure 1 shows, inflation has reaccelerated after dipping in the third quarter.

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  • The Opportunity in Change: How Changing Goals Change Financial Plans

    Posted on January 6, 2022

    During the pandemic, my family moved into a new house. We weren’t planning on moving, but that didn’t stop us from participating in the pandemic housing boom. But we did so at a time where the kids weren’t yet out of school, so for about three weeks, we owned two homes. Instead of having to take out home equity or get a bridge loan, we were able to put a down payment on the second home and be OK for those three weeks.

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