article thumbnail

Nobody Knows Anything, Dot Plot Edition

The Big Picture

I know of no better authority to cite than Federal Reserve Chairman Jerome Powell, from his June 16, 2021 presser : “The dots are not a great forecaster of future rate moves. When it comes to forecasting economic outcomes, the Fed is no better or worse than anybody else. And that’s not because—it’s just because it’s so highly uncertain.

Economics 325
article thumbnail

New York Gained More Millionaires Than It Lost During the Pandemic

Wealth Management

The latest data shows the number of millionaire households in New York City has swelled, thanks in large part to 2021’s blockbuster year for financial markets.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

MBA: Mortgage Applications Increased in Weekly Survey

Calculated Risk

Slower inflation and financial markets anticipating the potential end of the Fed’s hiking cycle are both behind the recent decline in rates,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist. Mortgage rates declined last week, with the 30-year fixed-rate mortgage falling to 7.17

article thumbnail

10 Thursday AM Reads

The Big Picture

. • Why Markets Were Down in 2022 : there was also an Occum’s razor answer for the losses in financial markets in 2022. Wealth of Common Sense ) see also Observations to Start 2023 : From 2010 through 2021, The S&P500 Index gained 330% — a little over 13% annually (not including dividends).

Food 264
article thumbnail

Is the ESG Craze Really Fading?

The Big Picture

Previously : Tax Alpha (April 14, 2022) Accessing Losses via Direct Indexing (April 14, 2021) The Cutting Edge (September 30, 2021) USA Is Smashing Its Clean Energy Targets (October 17, 2017) Sources : Wall Street’s ESG Craze Is Fading By Shane Shifflett WSJ, Nov.

Taxes 195
article thumbnail

Best Financial Markets To Trade in 2024 – Top Trading Markets

Trade Brains

Best Financial Markets to Trade : Are you looking to explore the best financial markets to trade in 2024? It is obvious that we may occasionally get confused in our decision-making when faced with the many different pieces of advice regarding financial planning, trading, and investments. What are Financial Markets?

article thumbnail

Financial Market Round-Up – Apr’23

Truemind Capital

years (Oct 2021-Mar 2023) when the benchmark indices produced negligible returns. TRUEMIND’S MODEL PORTFOLIO – CURRENT ASSET ALLOCATION CONNECT WITH TRUEMIND ADVISOR The post Financial Market Round-Up – Apr’23 appeared first on Investment Blog. For the last 1.5