New Sheriff in Town – Changes are Coming!
Markets Pause? The news of President Elect Biden’s new rescue $1.9 Trillion plan could not keep the markets moving higher last week. Perhaps, progress about the vaccine distribution process is starting to concern the markets a bit. The markets have been fixated on monetary (the Fed) and economic stimulus since 2009. More and more each […]
Stock Market Predictions for 2021
The major brokerage firms have made their US Stock Market Predictions for 2021. Year end 2021 targets for the S&P 500 range from a low of 3800 by Bank of America and Citi to a high of 4700 by Goldman Sachs and 4800 by J.P. Morgan. The S&P 500 finished 2020 at 3756, so all […]
Stimulus 2.0 is Here! / China- Important? / Happy New Year!
Stimulus 2.0 is here China- Important? Happy New Year Finally, after months of debate, Stimulus 2.0 is ready to go. Stimulus checks should be in process rather quickly. The stimulus includes $600 checks to eligible individuals, expansion of the Paycheck Protection Program for small businesses, Medical Expense Deduction hurdle made permanent, Charitable Contributions, Flexible Spending […]
Stock Market & Economy/Market for the Week/A Year from Now
The stock market and the economy don’t always move parallel. Going back to Stock Market/Economy-101, you’ll find it’s suggested, the stock market precedes the economy by 6 months. The current level of the market suggests robust corporate profits and economic growth 6 months, June 2021. We’ve been told we’re approaching the absolute worst of the […]
Stock Market and Biden/Employment Data will Matter/2021 Tax Chart
Stock Market and Biden Employment Data will Matter 2021 Tax Chart I think it’s safe to say, President-Elect Joe Biden will be our next president, barring something even more significant than a completed “Hail-Mary” pass. Stock markets certainly can be influenced by politics however, as of now, the markets have no issue with the changing […]
Vaccines Pushing Markets Higher
Each day cases are rising, cities are starting to shut down non-essential businesses, and winter is now in the front-view window! We should expect the positive economic data we’ve been witnessing the past couple of months to subside, for the time being. Add in the fact that we won’t know the balance of political power […]
Vaccine News Propelling Markets! The popular consensus is that former Vice-President Biden is the president-elect and the republicans will hold the Senate leaving a split congress. Most market forecasters believe this is a perfect cocktail for more stock market gains. Now, both Pfizer and Moderna have vaccines that look to be over 90% effective. The […]
Our Economic Reality…
Markets Take It on the Chin Not too many places to hide last week as stocks and bonds lost value. All US Stock Market Indexes fell over 5%, as did International Stocks. Our 10 Year US Treasury finished the week with the yield rising to .86%, the highest since June. Is the reason the upcoming […]
Markets Bumpy…, Can’t Imagine Why?
I’ve been asked frequently over the last few weeks, what am I mostly concerned about for the markets? In the short run, a contested election, combined with a significant spike in Covid-19 cases in the US and abroad. We are certainly now witnessing an increase in new cases, as was expected. With the election, I […]