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Weekly Market Insights: November 18th, 2024

Cornerstone Financial Advisory

4,5 Stocks dropped again on Friday as strong October retail sales seemed to reinforce Powell’s comments about Fed rate adjustments. Tug-O-War The inflation data that came in last week—retail and wholesale—show that the path to the Fed’s stated goal of 2 percent inflation may prove bumpy. 6 Source: YCharts.com, November 16, 2024.

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Weekly Market Insights – February 19, 2024

Cornerstone Financial Advisory

But stocks regained some momentum on Wednesday and rallied Thursday despite disappointing reports on both retail sales and industrial production for January. Here’s How It May Affect Your Taxes Taxpayers who work in the gig economy may benefit from a better understanding of how their work affects their taxes.

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Weekly Market Insights | October 21st, 2024

Cornerstone Financial Advisory

3 Midweek, news of stronger-than-expected retail sales report contributed to overall market momentum. Retail sales rose a seasonally adjusted 0.4 The two tax credits available are the American Opportunity Tax Credit and the Lifetime Learning Credit. This information is not a substitute for individualized tax advice.

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Weekly Market Insights – January 15, 2024

Cornerstone Financial Advisory

Wednesday: Retail Sales. Married filing jointly: Taxpayers who are married can file a joint tax return with their spouse. Married filing separately: Married couples can choose to file separate tax returns when doing so results in a smaller tax burden than filing a joint tax return. Industrial Production.

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Weekly Market Insights – March 18, 2024

Cornerstone Financial Advisory

Retail sales, also reported on Thursday, were disappointing, rising less than expected and adding to the inflation angst. You must include all capital gains in your income, and you may be subject to the Net Investment Income Tax if your income is above certain amounts. Consult a qualified tax expert for help.

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Weekly Market Insights – December 11, 2023

Cornerstone Financial Advisory

Thursday: Retail Sales. “The whole fun of living is trying to make something better” – Charles Kettering Tax Tips For Children Or Grandchildren With Part-Time Job Many of us have kids or grandkids who work part-time. If they are self-employed, however, they may be responsible for paying these taxes directly to the IRS.

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Weekly Market Insights – December 18, 2023

Cornerstone Financial Advisory

A solid retail sales number, which reflected a strong consumer and supported the soft landing thesis, also boosted enthusiasm. ” – Charles Schulz Tax Benefit And Credits: FAQs For Retirees Lots of questions can come up about income taxes after one has retired. a Registered Investment Advisor.

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