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When the opportunity to partner with Adam Day, CFP in Naples came along, we jumped on it. We also will take the opportunity to discuss the state of the markets and the economy and what it means for your investments. Michael Batnick and are coming down with some of our colleagues on March 4th-6th.
Federal Reserve Chair Jerome Powell said that the economy is in a good place right now, and with inflation rates creeping back up , there is no reason to make another cut at this time. Future cuts will depend on inflation and the strength of the economy as the year goes on. 2025 Inflation creeps up The U.S.
Understanding Financial Planner Certification or CFP® Financial Planner certification is a professional credential awarded to individuals who have met specific education, examination, experience, and ethics requirements in financial planning. From a client’s perspective, working with a CFP® offers a sense of security and trust.
As 2023 comes to a close, we can take a look at how the markets and economy performed, where we stand now, and what might be on the horizon for 2024. In fact, during the first three quarters of the year, the economy grew at a rate of 3.2 All in all, the markets and economy performed stronger than anticipated in 2023.
economy, with projections indicating a remarkable growth in purchasing power over the next few years. Our Wealth Advisor Catalina Franco-Cicero , MS, CFP®, CTS was recently featured in Morningstar, sharing her thoughts on the unique challenges facing Hispanic households and how to help mitigate them.
Slome, CFA®, CFP®, Founder of Sidoxia Capital Management, LLC, will share 10 crucial mistakes made by investors that can destroy your portfolio. Learn how to avoid these missteps and expand your wealth.
Steve Sanduski is a CFP® professional and personal coach to financial professionals. Taylor Schulte is a CFP Ⓡ professional and founder and CEO of Define Financial. Lazetta Braxton is a CFP® professional and co-founder and co-CEO of 2050 Wealth Partners. Steve Sanduski. Learn more about Grace on LinkedIn. Taylor Schulte .
So, what does all of that mean for your money, and the economy? About Your Richest Life At Your Richest Life, Katie Brewer, CFP®, believes you too should have access to financial resources and fee-only financial planning. During this time, the Fed also increased interest rates another 0.25% to help curb inflation.
With all of the issues that our economy faced as we clawed back from the COVID-induced market downturn, the Fed was hesitant to raise rates too quickly, as it tried to navigate more pressing economic matters. . The Fed continued to keep interest rates low as they injected the economy with new money in the early stages of COVID-19.
In recent years, COVID and a ZIRP (Zero Interest Rate Policy) caused out-of-control inflation to swerve the economy in the wrong direction. economy to crash into a recession as a result of the aggressive, interest rate tightening policy of the Federal Reserve. economy has been greatly exaggerated. Slome, CFA, CFP ® Plan.
The buffet of issues includes the Federal Reserve’s fastest rate hike cycle in decades ( see chart below ), spiking inflation, a slowing economy, an unresolved war between Russia and Ukraine, declining home prices, and a volatile stock market to boot. Slome, CFA, CFP®. www.Sidoxia.com. www.Sidoxia.com.
Economy Remains Healthy : As mentioned earlier, the constant barrage of recession calls over the last two years has been blatantly wrong. If and when the economy weakens further, and the Federal Reserve reverses course by cutting interest rates, cash will earn less and will likely return to the stock market in droves.
Challenge yourself to invest more (if it makes sense for your situation,) or work with a CFP to grow your money even more. Remember that it’s perfectly normal for there to be ups and downs in the markets and the economy, and you’re likely going to see those fluctuations reflected in your own portfolio. . Let go when you need to.
With China’s stagnating economy, it has helped our inflationary cause by exporting deflationary goods to our country. Slome, CFA, CFP® Plan. Source: Visual Capitalist Why So Bullish? What has investors so jazzed up in recent months? For starters, inflation has been on a steady decline for many months. a few months ago to 3.9%
The basics still apply in a turbulent economy. At Your Richest Life, Katie Brewer, CFP®, believes you too should have access to financial resources and fee-only financial planning. Prepare for a Potentially Difficult New Year. We might be heading toward some economic trouble in the year ahead , but don’t panic. About Your Richest Life.
Although the economy is currently very strong (i.e., raise interest rates and reduce balance sheet debt without crippling the economy), then substantial rewards could accrue to stock market investors. Slome, CFA, CFP®. But there are clouds on the horizon. MONEY SUPPLY GROWTH% (M2) VS. GOVERNMENT DEFICIT. www.Sidoxia.com.
Rate cuts can impact everything from stocks and housing to employment and inflation – so what does this decision mean for the economy right now? But holding out too long can also lead to trouble for the economy, as hiring, purchasing and borrowing all continue to slow down. How will this Federal Reserve rate cut impact the economy?
Economy Strong, So Why Cut Now? Before the Fed’s last action a couple weeks ago, the last Fed rate cut occurred in 2020 (a -1.50% cut) in the midst of a global pandemic with the aim of boosting financial activity while the brick-and-mortar economy had effectively been shut down. Slome, CFA, CFP® Plan. a couple years ago to 2.5%
While it has been mostly gloomy in 2022, some of the sunshine beaming through the clouds this month came in the form of better-than-expected GDP economic figures that measure the health of the overall economy. Rather than show an impending recession, the freshest 3 rd quarter data shows the economy growing at a very respectable +2.6%
I haven’t received my pilot’s license yet, but in trying to figure out whether the economy is heading for a hard landing, soft landing, or no landing, I’m planning to enroll in flight school soon! More recently, economic data has been flying in at an accelerating pace, which could mean the economy will stay in the air and have no landing.
For much of last year, even good news about the economy was bad news for markets. Article written by Darrow Wealth Management President Kristin McKenna, CFP® and originally appeared on Forbes. It seems like bad news is inescapable these days. Yes, 2022 was a terrible year for financial markets. stocks (S&P 500) on record.
in Q4 ), generationally low unemployment (3.5%), and relatively stable earnings (see chart below) all point to a stable economy with the ability to navigate a soft landing. China’s new reopening of the economy and Europe’s seeming ability of dodging a recession provide additional evidence for a soft landing scenario. Prosper.
Miele , CFP®, Managing Director, Partner, and Chief Business Development Officer with The Andriole Group. In a Nutshell: Referrals can be an important part of fixing the organic growth problem that has stalled many firms since the economy cooled.
Although I have noted some of the key headwinds the economy faces above, it is worth noting that current corporate profits remain at/near all-time record highs (see chart below) and the 3.6% Slome, CFA, CFP®. As Albert Einstein stated, “In the middle of every difficulty lies an opportunity.”.
most recently) and the economy went into recession with GDP (Gross Domestic Product) declining by -2.2%. On the flip side, during 2022, the economy was firing on all cylinders. Slome, CFA, CFP® Plan. Remember that global pandemic back in 2020 called COVID-19 that killed over 350,000 people in the U.S.? It fell -19%.
More specifically, in a typical bear market, the economy generally slows down causing demand to decelerate, and interest rates to decline, which causes the values of bonds to increase. And if it’s not declining home prices, lower energy prices have also filtered through the global economy to lower transportation and shipping costs (e.g.,
Stocks Weather Down Economies. Both the markets and the economy will experience low points. At Your Richest Life, Katie Brewer, CFP®, believes you too should have access to financial resources and fee-only financial planning. That’s why it’s so important to have a well-balanced portfolio. About Your Richest Life.
Mary Beth Storjohann, CFP®, is a speaker and writer who cuts through the fluff and gives clear, concise financial advice. . Most of the topics cover investment strategies, market behavior and the economy. Brittney Castro – Brittney is the in-house CFP® for Mint, and her content is short, to-the-point and easy to understand.
Despite the downgrade, the United States continues to demonstrate a strong and resilient economy. Our Portfolio Analyst , Charles “Chad” NeSmith, CFA, CFP ® recently shared his insights on Local 10 News (Miami/South Florida) providing more clarity on the topic. Recent GDP growth and promising employment data underline this strength.
Forrest Bell, CFP®. Despite what GDP reports may ultimately reveal, current conditions don’t seem to indicate a contracting economy. In June, the stock market ebbed once again, reflecting investors’ concerns about the twin risks of inflation and economic slowdown. These June losses pushed both U.S.
Count out the short-term headwinds and slowdown in the economy, India is often being seen as the next big powerhouse for growth. It is slated to become the third-largest economy in the world by the end of the decade and would lift millions of people out of poverty and create one of the largest middle classes in the world.
Theoretically, QT should cause interest rates to move higher, all else equal, and thereby slow down growth in the economy, and help tame out-of-control inflation. The majority of economists, strategists, and talking heads on television are forecasting a recession in our economy, either this year or next. Slome, CFA, CFP ®.
Meanwhile, the economy continues to grow (+2.0% For starters, in addition to the Fed’s restrictive policy of reducing the balance sheet, since the beginning of last year, the Fed has also effectively slammed the brakes on the economy by taking their target interest rate from 0% to 5.5%. Slome, CFA, CFP® Plan.
Forrest Bell, CFP®. High inflation puts a consistently unwanted pressure on consumers and on the economy in general. In other words, because markets are forward-looking and digest bad news quickly, they often decline and recover well ahead of the economy itself. However, that optimism faded. While inflation dropped from 8.5%
Forrest Bell, CFP®. Investors’ concerns are centered on inflation and how Federal Reserve actions to contain it may harm the economy and pressure financial asset values. Also, when an economy is running too hot, the excess demand creates inflation. The volatility which has dogged financial markets this year continued during May.
The Fed’s goal is to increase the cost of borrowing, thereby slowing down the economy and reducing inflation. The short answer is that companies are making money hand over fist and the economy remains strong (3.6% Slome, CFA, CFP®. over the next couple of years. If Things Are So Bad, Why Are Prices Going Up? www.Sidoxia.com.
Forrest Bell, CFP®. A cooling economy supports the idea that longer-term interest rates do not need to increase significantly from their current levels. first quarter GDP showed the economy slowed by an annualized real rate of -1.4%. April saw a continuation of this year’s volatility. markets followed. A report on the U.S.
move thanks to the contribution of older economy stocks. Slome, CFA, CFP® Plan. The S&P 500 index surged +3.5% for the month, the technology-heavy NASDAQ rocketed +6.0% (fueled by NVIDIA and other AI-related companies), and the Dow Jones Industrial Average a more modest +1.1% www.Sidoxia.com Wade W.
As we reach the end of the second quarter of 2023, we want to provide you with an update on the markets and key developments that have occurred in the economy. economy into a recession? The LEI generally provides an early indication of significant turning points in the business cycle and where the economy is heading in the near term.
Forrest Bell, CFP®. While corporate earnings have been mostly strong, data suggests the Federal Reserve succeeded in cooling the economy with rate increases. Financial assets staged a comeback in July, with the global stock market rising seven percent and U.S. bonds gaining by 2.5%. Two main factors were behind this recovery.
economy just reported better-than-expected growth for the 2 nd quarter ( +2.4% – Gross Domestic Product [GDP] growth). The stronger economy along with the improving inflation dynamics mentioned previously have buoyed Consumer Confidence too, as you can see from the chart below. Slome, CFA, CFP® Plan.
Cash in consumer wallets and money in the bank help the economy keep chugging along at a healthy clip. The bull market took a pause for the month, but consumer wallets remain fat, the economy keeps chugging, the employment picture remains strong, and stock prices remain up +12% for the year (S&P 500). Slome, CFA, CFP® Plan.
Despite concerns over global geopolitics, political election madness, and a slowing economy, investors are more focused on the positive prospect of future interest rate cuts by the Federal Reserve, starting in September with a probability exceeding 90% ( see chart below ). Slome, CFA, CFP® Plan. www.Sidoxia.com Wade W.
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