Are the Fed presidents telling tales out of school? If you have a secret, don’t tell anyone at the Federal Reserve Bank. They may leak the story before you’d like. In early August, multiple regional Federal Reserve Bank presidents hit the speaking tour. They made headlines by suggesting that the economy is strong enough to […]
The Fed Can’t Keep a Secret – Presented by Mark K. Lund, Financial Planner Read More
THE WEEK ON WALL STREET A Federal Reserve announcement on tapering, a fresh batch of corporate profits, and encouraging economic data lifted stocks to another weekly gain. The Dow Jones Industrial Average rose 1.42%, while the Standard & Poor’s 500 advanced 2.00%. The Nasdaq Composite index led, tacking on 3.05%. The MSCI EAFE index, which
The Fiduciary Advisor Report – Monday, November 8, 2021 – Park City, Utah Read More
You’ve got plenty of choices these days. Have you ever heard the Wall Street expression, “markets climb a wall of worry?” It’s the idea that financial markets are constantly on edge. Traders fret about how long a market rally can continue before it runs into trouble. Worry shifts from one news event to the next
The Wall of Worry – Presented by Mark K. Lund, Investment Advisor Read More
THE WEEK ON WALL STREET A fresh wave of positive corporate earnings surprises sent markets to new record highs last week. The Dow Jones Industrial Average increased 0.40%, while the Standard & Poor’s 500 rose 1.33%. The Nasdaq Composite index picked up 2.71% for the week. The MSCI EAFE index, which tracks developed overseas stock
The Fiduciary Advisor Report – Monday, November, 2021 – Salt Lake County, Utah Read More
The federal government has upgraded its Child Tax Credit. Thanks to the American Rescue Plan Act, there are four notable differences in effect for the 2021 tax year only.1 First, the Internal Revenue Service is paying many families who qualify for the CTC 50% of their credit before 2021 ends. Second, the credit has grown
The Expanded Child Tax Credit – Presented by Mark K. Lund, Financial Planner Read More
THE WEEK ON WALL STREET Stocks rallied last week on a stream of positive corporate earnings surprises. The Dow Jones Industrial Average rose 1.08%, while the Standard & Poor’s 500 advanced 1.64%. The Nasdaq Composite index gained 1.29% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, was up 0.23%.1,2,3 EARNINGS
The Fiduciary Advisor Report – Monday, October 25, 2021 – South Jordan, Utah Read More
COLA and Social Security. The news keeps getting better for Social Security recipients. It’s now projected that benefits will increase 6.1% in 2022, up from the 4.7% forecast just two months ago. That would be the most significant increase since 1983.1,2 It’s all about inflation. Social Security cost of living adjustments (COLA) are based on
A 6.1% Bump in Social Security? – Presented by Mark K. Lund, Financial Advisor Read More
THE WEEK ON WALL STREET The overhang of bumping against the federal debt ceiling was lifted last week with an agreement to extend the debt ceiling through early December, helping propel stocks to a weekly gain. The Dow Jones Industrial Average increased by 1.22%, while the Standard & Poor’s 500 added 0.79%. The Nasdaq Composite
The Fiduciary Advisor Report – Monday, October 11, 2021 – South Jordan, Utah Read More
What’s behind the quiet fall in bond yields? With all the attention given to inflation, stock prices, and job reports, it’s been easy to overlook the remarkable move in the bond market during the past few months. The yield on the 10-year treasury closed at 1.37% on Friday, July 9, down from its 2021 high
The Quiet Fall in Bond Yields – Presented by Mark K. Lund, Financial Advisor Read More
THE WEEK ON WALL STREET Higher bond yields and a legislative stalemate in Washington, D.C., added up to losses for the week. The Dow Jones Industrial Average declined 1.36%, while the Standard & Poor’s 500 lost 2.21%. The Nasdaq Composite index fell 3.20%. The MSCI EAFE index, which tracks developed overseas stock markets, shed 2.58%.1,2,3
The Fiduciary Advisor Report – Monday, October 4, 2021 – South Jordan, Utah Read More
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