It was an odd week watching how different areas of the market reacted as various coronavirus news stories emerged throughout the week. At the beginning of the week, the stock market seemed to not have any concerns, and the S&P 500 Index ended Wednesday at another all-time high. However, negative headlines began Thursday, sending the […]
It was a quiet week from an economic data perspective, allowing the market to hit yet another all-time high. However, coronavirus fears continued, leading to a few modest down days, and companies are now beginning to highlight how it might be affecting their businesses in the months ahead. The Federal Reserve has also been back […]
It seems like February did not get January’s memo of coronavirus fears, as last week marked a reversal to the down days that ended last month. A combination of corporate earnings and positive economic data contributed to the S&P 500 Index closing at a record level for the eighth time in 2020. The dramatic moves […]
The S&P 500’s weekly winning streak to start 2020 came to an end last week as fears of coronavirus continued across the globe. These fears wiped out all of January’s gains as the market finished the first month of the year with a small loss. Coronavirus overshadowed most events throughout the week, as the U.S. […]
Last week marked the first negative week for the S&P 500 Index in 2020. The downturn was primarily driven by trading Friday afternoon when the Centers for Disease Control and Prevention confirmed the second case of coronavirus in the U.S. Events like coronavirus are impossible to predict, and frankly, well beyond the scope I can […]
Another week, another record high recorded for the S&P 500 Index. China was once again the center of attention, but this time it was a positive influence. The U.S. and China finally signed their Phase One trade agreement in Washington, D.C., on Wednesday. Markets are hoping this will result in less friction between the two […]
Tax season is probably one of the most stressful and responsible periods for individuals as well as corporate taxpayers. It is the time when the financial statements and reports from the previous year are submitted. There are strict deadlines for filing tax returns, and missing those will result in fees and penalty charges. When will […]
Jan 21st, 2020
The first full week of the new year was full of potential volatility, but it continued with the trend of 2019 as the S&P 500 Index continued to grind higher. This is all despite geopolitical events that indeed could have launched a market decline. The week ended with December’s jobs report, which showed the fourth […]