{"id":2568,"date":"2022-10-24T16:45:13","date_gmt":"2022-10-24T16:45:13","guid":{"rendered":"https:\/\/www.retirementrefined.com\/?p=2568"},"modified":"2022-10-24T16:57:21","modified_gmt":"2022-10-24T16:57:21","slug":"market-rally-to-continue-nj-anchor-program-info","status":"publish","type":"post","link":"https:\/\/www.retirementrefined.com\/market-rally-to-continue-nj-anchor-program-info","title":{"rendered":"Market Rally to Continue? + NJ Anchor Program Info"},"content":{"rendered":"\n

The S&P 500 managed to rally 4.74%<\/strong> last week, in the face of the obvious negativity and doubts as to where our economy is heading.\u00a0 The 10-Year US Treasury<\/strong> finished last Friday with a yield of 4.22%<\/strong>.\u00a0 We started 2022<\/strong> with the 10-Year @ 1.512%.<\/strong>\u00a0<\/p>\n\n\n\n

The markets appear to be in a technical back and forth<\/strong>.  A small victory<\/strong> is the markets held their recent lows and bounced higher, even with rates climbing to the highest in years. Perhaps markets are smelling the later stage of the Fed raising rates?<\/p>\n\n\n

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This week and the next few will certainly put the market to a test<\/em><\/strong>. <\/p>\n\n\n\n

Earnings kick into high gear this week with over 120 companies in the S&P 500 reporting.\u00a0 We\u2019ll hear from Apple, Google, Microsoft, Amazon, Bristol Myers, Coca Cola, Exxon Mobil and several other important companies.<\/strong><\/p>\n\n\n\n

On the economic front<\/strong>, Thursday brings the 1st<\/sup> of 3 readings on the Gross<\/strong> Domestic Product (GDP) for the 3rd<\/sup> quarter<\/strong>.\u00a0 On Friday, the Fed\u2019s favorite gauge<\/strong> of inflation, the Personal Consumption Expenditures Price Index (PCE) is reported.<\/strong>\u00a0 In August, the headline PCE came in at 6.2%, with the Core (minus food and energy) at 4.9%.<\/p>\n\n\n\n

Other economic data this week includes new home sales, durable goods orders, and consumer confidence. <\/strong><\/p>\n\n\n\n

Peering around the corner<\/strong> (in about 2 weeks) are the mid-term elections<\/strong>.\u00a0 The importance of this election is rather significant.\u00a0 I\u2019m looking forward to the end of the political commercials, as they have been soooo uplifting and positive….\u00a0 After watching, it\u2019s hard to believe any politician running is honest and the right choice.<\/p>\n\n\n\n

NJ Anchor Program<\/strong><\/p>\n\n\n\n

You may be eligible for a check up to $1500 if you were a NJ homeowner on October 1st, 2019. You must have also used that home as your principal residence in 2019, paid property taxes on the home, and had a gross NJ income of $250,00 or less. <\/p>\n\n\n

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To verify your income<\/strong>, look on line 29 of your 2019 NJ 1040 tax return.<\/em><\/strong>\u00a0 If that figure is 250K or less, you should apply.\u00a0 For more information on the Anchor Program and how to apply, please visit the NJ Treasury website. <\/a><\/p>\n\n\n\n

Applications must be received by December 30, 2022.<\/p>\n\n\n\n

60\/40 Stock\/Bond Portfolio<\/strong><\/p>\n\n\n\n

Many retirees<\/strong> maintain a 60% stock allocation<\/strong> and a 40% bond allocation<\/strong> for their retirement assets.\u00a0 So much has been written in the past on this allocation, and now it\u2019s again front and center.\u00a0 Actually, it became front and center when interest rates plummeted to their recent lows last year, suggesting this strategy is no longer viable….<\/p>\n\n\n\n

Now the press is suggesting this strategy is back in vogue <\/strong>as interest rates are again attractive.\u00a0 It is amazing how much the media can influence many retail investors. <\/p>\n\n\n

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It’s no secret that portfolios are down, which makes all of us a bit uncomfortable.\u00a0 In the past when stocks sank, bonds (in most situations) increased in value, limiting the downside of the stock market.\u00a0 This year, when stocks sold off, the proceeds did not go into the bond market.\u00a0<\/p>\n\n\n\n

Now however, we may be set up a little different.\u00a0 With yields at 4% on most bond indexes, this balanced type of portfolio (plus a bit of active management), may prove to be what the doctor ordered going forward.\u00a0<\/p>\n\n\n\n

If current clients would like to discuss their current allocations<\/strong> prior to your next review meeting, please feel free to reach out.<\/a>\u00a0<\/p>\n\n\n\n

For non-clients, we offer a \u201cSecond Opinion Service<\/strong>.”\u00a0 Feel free to pass this blog\/our contact information<\/a> along if you know anyone who would like to discuss their current portfolio! <\/p>\n\n\n\n

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<\/p>\n","protected":false},"excerpt":{"rendered":"

The S&P 500 managed to rally 4.74% last week, in the face of the obvious negativity and doubts as to where our economy is heading.\u00a0 The 10-Year US Treasury finished last Friday with a yield of 4.22%.\u00a0 We started 2022 with the 10-Year @ 1.512%.\u00a0 The markets appear to be in a technical back and […]<\/p>\n","protected":false},"author":3,"featured_media":2571,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"post_statement":"","post_description":"","post_cta":"","post_button":"Read More","post_button_url":"","compliance_id":"","post_disclaimer":"","footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/posts\/2568"}],"collection":[{"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/comments?post=2568"}],"version-history":[{"count":7,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/posts\/2568\/revisions"}],"predecessor-version":[{"id":2580,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/posts\/2568\/revisions\/2580"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/media\/2571"}],"wp:attachment":[{"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/media?parent=2568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/categories?post=2568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/tags?post=2568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}