Market Update

InflationInflation is north of 8% and unemployment is 3.6%. The last time inflation went above 8% and unemployment went below 4% was 1951. The last time the U.S. saw a combination of high inflation and low unemployment like today’s was seven decades ago. That makes it particularly challenging for the Federal Reserve to curb inflation while avoiding a recession. Highlights …

Market Update

MarketsThe Fed is using tools to bring excess demand into better balance w/ constrained supply. It will be challenging to remove accommodation to get inflation under control while sustaining healthy labor market conditions. Some of the issues weighing heavier for the markets last week were: the Fed policy, Russia, China’s new lockdowns and growth slowing.Highlights Dow suffers longest losing streak …

Annuity Essentials

In its most basic form, annuities are insurance that provides an income stream either for a fixed period of time or for the rest of your life. Sounds pretty straightforward, right? The trouble is that annuities are often sold and not bought. Consumers are pushed into ill-fitting products because that’s what the broker is selling that month. When shopping for …

Market Update

StocksWith ~69% of S&P 500 companies having reported (through Thursday of last week), Q1 earnings had grown by more than 10%.  In April, the DJIA was down 4.9%, S&P 500 was down 8.8%, and Nasdaq dropped 13.3%. These were the biggest monthly declines since March 2020 for the DJIA and S&P, and the largest for the Nasdaq since Oct. 2008. …