I don’t know about you but it sure seems like the post-summer pace is increasing. We’re almost in October and the start of the fourth quarter, so it’s a good time to consider lingering financial considerations and deadlines. But first, the highly anticipated Fed meeting is upon us this week. As I type the CME FedWatch tool indicates an almost 65% chance the Fed will lower rates by half a point when it meets tomorrow and a 35% chance of a quarter point decrease. A…

Last week wasn’t a good one for stocks but, as I mentioned in a recent post, September is usually a volatile month so some bumpiness is to be expected. Major market indexes were down from about 3% to nearly 6% for the week with the largest losses impacting small companies and big tech names most. These were also areas of the market with the highest returns lately. The more broadly-based S&P 500 was down a little over 4%. Bonds were up a percent or so and that h…

Good morning and Happy Tuesday. I hope you enjoyed the Labor Day holiday, our unofficial end of summer. It also marks the end of the summer market doldrums (although this one was pretty busy) and the start of what’s typically a volatile period for stocks. Volatile but also positive. While September can be rough, the final three months of the year are usually favorable. Whatever the reasons, and there are many, these next several months will certainly be interesting…

What a few weeks we’ve had. Summertime has usually been a quiet time for stock and bond markets but that hasn’t been the case in recent memory. Just this month we’ve had a major shot of volatility, a rapid snapback, and then last week the Fed telegraphed as clearly as it could that it’s time to reduce interest rates. Add those events to all the election cycle news and it’s been a busy summer indeed. Let’s take a few minutes to assess the situation with everything t…

Pay now or pay later, that’s the main question when we think about taxes on our retirement accounts and it’s one with lasting consequences. A client recently sent me an article about converting traditional IRAs to Roth IRAs in the context of government debt. Let’s touch on that while discussing some of the basic considerations for people who feel they need to play catchup when it comes to Roth accounts. The history of individual retirement accounts coincides with…

The second quarter (Q2) of 2024 continued this year’s A Tale of Two Markets: AI Versus Everyone Else. Large indexes like the S&P 500 performed well but this was driven primarily by a handful of large companies. Otherwise, market breadth was mixed with performance growing worse as company size grew smaller. Bonds also continued their tale of woe while experiencing a couple of positive glimmers during the quarter. Here’s a roundup of how major markets perfo…