Economic data released last week gave us a glimpse into the damage left behind by the country’s economic shutdown during April. Retail sales, industrial production, and inflation data were all released, and like every other data point we have seen in recent weeks, there was a significant drop. As a result, the stock market finished […]
The S&P 500 Index reversed a couple of negative weeks and finished well into the green last week, pushing the index up more than 30% over the past seven weeks. The technology-dominated NASDAQ Index is now in positive territory for the year, as tech companies have led the market higher from its low in late […]
As college costs continue to rise, knowing how and where to save is a decision many families struggle to make. It is never too early or too late to start saving and knowing which education savings options are available can have a significant impact. Should we buy a beach house in Florida and retire early […]
Coming off the worst quarter in over a decade, the S&P 500 just posted its strongest month since 1987. This happened amid 30 million people (in just six weeks) filing unemployment claims, declining economic data, and human suffering from the COVID-19 pandemic. First-quarter GDP was released last week, giving us the first look at how […]
If you’re unemployed right now know that you are not alone. Far from it actually, as 10 million Americans became unemployed in March of 2020 alone. The unfortunate truth is that the economy is struggling and the job market has shrunk. But you already know that. The million dollar question is, what do you do […]
Apr 28th, 2020
We have been in some extraordinary times over the past two-plus months, but last week might have marked the most unprecedented theme to date. We made history Monday, as oil futures traded in negative territory at the beginning of the week. The commodity known as “black gold” could not even be given away for free; […]
Allegheny Financial Group awards support community projects in the North Hills area Allegheny Financial Group, a financial planning and investment management firm, announced today the recipients of its Sixth Annual Good Neighbor Awards. The seven award recipients include: Girls on the Run programs at Avalon and Bellevue Elementary Schools, HEARTH, North Hills Art Center, North […]
Another week, another rally. This time the S&P 500 Index increased 3% to mark the first back to back weeks of gains since February. The announced plans to reopen the economy outweighed the release of some very poor economic data. This is a confusing stock market; bad news does not seem so bad, and good […]