Markets Head Higher in November – Equity Market Overview

Kent Forsey, CFP® Copper, COVID-19, Dow Jones, Equity Markets, S&P 500

Earnings are always the big wind behind the market direction, but there are other issues that help add to the narrative.  The combination of a finalized election, effective vaccine trials, and positive earnings from various sectors drove equity indices higher in November. Analysts expect upcoming additions to the S&P 500 Index to produce added volatility with the index, creating demand …

Macro Overview November 2020

Kent Forsey, CFP® COVID-19, Economic Update, Inflation, Macro Overview, Presidential Election

With the election over, a lingering uncertainty has been removed as expectations of how fiscal policy and stimulus programs funded by government debt may evolve.  Unfortunately, along with the increased clarity of possible new government policy, other things are becoming clearer as some economists and market analysts project eventual higher taxes along with an expanding fiscal debt. A politically divided …

Macro Economic Overview October 2020

Kent Forsey, CFP® Consumer Spending, COVID-19, Economic Update, Macro Overview, Presidential Election

Worries regarding a second wave of infections heading into the fall, election uncertainties, and wavering economic indicators contributed to a dubious September. Equities paused from their upward trajectory in September, with technology stocks repelling from their highs. Uncertainty surrounding vaccine deployment and the election are expected to influence market momentum and investor confidence. Election results will help determine the direction …

Equity Markets Driven Higher In August – Domestic Market Overview

Kent Forsey, CFP® COVID-19, Economic Update, Stocks, US Overview

A little good news in an uncertain world.  The recovery of U.S. stocks from the depths of the market turmoil in March has been unprecedented. Equity values returned to where they were before the pandemic in August. The rebound in equity indices has been one of the strongest in nearly 90 years, propelling indices to new highs this past month. …

Why Small Businesses Are So Important To The Economy

Kent Forsey, CFP® American Workers, Consumer Spending, COVID-19, Economy

The country is composed of millions of small businesses from home-based one person consultants to hair salons and manufacturing companies.  As defined by the SBA’s Office of Advocacy, a small business has less than 500 employees and operates independently, not under the control of another entity. As of 2018, the SBA acknowledges that there were 30.2 million small businesses in …

Macro Overview March 2020

Kent Forsey, CFP® COVID-19, Economic Impact, Macro Overview, Stocks, US Economy, World Economies

Fear has been permeating capital markets worldwide as the impact of the coronavirus continues to evolve.  Global economic forecasts have been revised downward by the International Monetary Fund (IMF) and the World Bank as factory closures, quarantines, and travel bans continue to hinder numerous industries. The Federal Reserve helped alleviate markets with a rate reduction announcement as a result of …

The Secure Act – Key Provisions Affecting Retirement & College Savings Plans

Kent Forsey, CFP® 401k, 529 Plans, IRA's, Retirement Planning, RMDs, SECURE Act, Student Loans

There are a few new rules and numbers to keep in mind regarding retirement plans as legislation passed by Congress 2020 includes changes affecting millions of American retirees.  The Setting Every Community Up For Retirement Enhancement Act, known as the SECURE Act, was signed into law by the president on December 20th.  Provisions of the law are intended to facilitate …

Macro Overview

Kent Forsey, CFP® Client Education, Economic Update, Macro Overview, Taxes, US Overview

A quick snapshot of where we stand at the end of 2019 and the past decade. Financial markets experienced a bountiful decade for stocks and bonds, as a low rate environment fostered by the Federal Reserve and technological advances driven by innovation, catapulted values higher. The 2010 decade was the first decade to avoid a domestic economic recession, with accelerated …

Global Markets Elevate

Kent Forsey, CFP® Equity Markets

Domestic equities finished November with gains not seen since the summer, took a brief pause and then continued their ascent as we approach the end of the year. Optimism surrounding U.S. – China trade discussions helped fuel equities higher, with technology, health care, and financials as the leading sectors in November. The absence of volatility, along with the Fed maintaining …

Year End Tax Actions to Consider

Kent Forsey, CFP® Financial Managment, IRA's, IRS, Tax Planning, Tax Returns, Taxes

It’s been two years since the last major tax changes were made by congress in 2017, but some of the changes were slow to be defined and understood.  Here are some that affected most individual taxpayers to consider as we reach the end of the year. Withholdings and Estimates Withholdings and estimated taxes should be verified before year end, as …