Communications
Wealth Management Commentary
The year 2024 saw the S&P 500 set an extraordinary 57 all-time highs, driving the U.S. stock market to a valuation of $63.8 trillion.
Global equity markets had a strong third quarter, with the Federal Reserve’s decision to cut interest rates providing a significant tailwind for stocks.
As the Federal Reserve’s September FOMC (Federal Open Market Committee) meeting approaches, speculation abounds regarding by how much – not whether – the Fed will cut interest rates.
Global equity markets had a very mixed second quarter, as the mega-caps and smaller-caps struggled while the larger-caps and tech names performed very well.
Global equity markets had a terrific first quarter – and the gains were generally across the board as the tech-names, large-caps, mega-caps and small caps all advanced handsomely.
Stock markets in the U.S. and around the world had a solid February as U.S. equities rallied toward the end of the month to close out the best February for NASDAQ and the S&P 500 in nearly a decade.
Now that interest rates have risen significantly, you may be wondering whether it makes sense to invest in a bond fund when you can earn a relatively high rate of return in a money market, certificate of deposit, or other type of cash account.
Investors have just endured one of the worst starts to a calendar year, with the first five months of 2022 ranking as the sixth worst performance for equities since 1928.
Now that the 2021 tax filing season has concluded for the majority of individual filers, we feel it is appropriate to review considerations for planning in 2022 and beyond.
In light of the current conflict in Ukraine, we wanted to highlight the market impact that geopolitical turmoil has in the past, and we invite you to review the attached PDF highlighting several major events over the last 60 years.
After a strong year in the stock market, in which the S&P 500 returned in excess of 28%, our focus has now shifted to 2022 and the opportunities and obstacles that lie ahead.
Fidelity is continuing its transformation to paperless processing across all
functions.
functions.
With the recent change in the White House and both houses of Congress now controlled
by the Democrats, there is quite a bit of uncertainty about the future of income tax and
estate tax laws, which are now some of the most taxpayer-favorable in history.
by the Democrats, there is quite a bit of uncertainty about the future of income tax and
estate tax laws, which are now some of the most taxpayer-favorable in history.
Since our last message during this COVID crisis, the team at TD Capital has returned to the office.
There appears to be light at the end of the tunnel of these uncertain and scary times!
We believe it is important to keep all clients updated weekly regarding our operations and portfolio activity.
On Monday we sent out an update regarding the status of our office and client services.
We understand that the volatility in the stock market, along with uncertainty over the length and depth of an inevitable economic slowdown, can cause investors to want to “do something.”
We at TD Capital, like so many of our clients and their families, continue to navigate the ever changing COVID-19 public health crisis.
Recently, global markets have been rattled by the one-two punch of COVID-19 and a battle for supremacy in the oil
markets.
markets.
If you’ve ever taken an economics course, you might remember this basic principle: Economies and financial markets, such as the stock and bond markets, move in cycles.
Since our last message in May, the team at TD Capital continues to largely work remotely and collaborate and confer with clients via phone or video meetings.
While it is important to keep a long-term perspective amid market volatility, it is also appropriate to reflect on the historical event we are all experiencing.
On December 20, 2019, President Trump signed the SECURE Act – “Setting Every Community Up for Retirement Enhancement” Act which brought about significant changes in the income tax treatment of contributions and distributions for qualified retirement plan accounts effective January 1, 2020.
Over the last decade, the stock market (as measured by the S&P500) has had a fabulous run, increasing +13.6% annualized.
As we enter a New Year and a new decade, your New Year’s resolutions should include a review of your financial planning hygiene to tie up any loose ends that may not have been addressed timely.
Global growth is slowing, and the yield curve inversion (please reference our June 30 communication) has intensified the concerns that we are moving into a recession.
As financial advisors, we routinely collaborate with our clients to align their portfolio and financial planning to meet their goals and objectives.
The United States broke its record for time without an economic recession Monday, July 1, as it began the 121st consecutive month of gross domestic product (GDP) growth since the 2008 recession.
The House of Representatives passed a bill in June 2019 titled “The Setting Every Community Up for Retirement Enhancement Act” (SECURE ACT).
For most investors, the stock market and the economy are inextricably linked.
As we rapidly approach the April 15, 2019 filing deadline for 2018 Individual Income Tax Returns, many individuals have experienced unanticipated negative implications resulting from the tax reform changes which became effective in 2018.
