As many industries and economic sectors shut down earlier this spring in concerted efforts to reduce the spread of the coronavirus, many economists opined that the U.S. economy faced a certain recession. Recessions are generally defined as two consecutive quarters of negative growth in U.S. production. But other criteria may also be utilized to declare a recession, including a sharp…
2020 began with the promise of continued strong economic and financial performance and a hint of uncertainty surrounding the November Presidential election. The nation’s unemployment rate was near sixty-year lows, and labor force participation rates were near sixty-year highs. The longest bull market in U.S. history was still running, despite concerns by some investors and analysts that it was getting…
Investment News, a weekly national publication for financial advisors, recently published an article titled “Sinking At Retirement” by Greg Iacurci. The article maintains, “Current market conditions bode horribly for near-term retirees.” Many baby boomers, including some of our clients, are planning to retire soon. Should pre-retirees on the verge of retirement be concerned about the impact current market conditions may…
We have been in a low interest rate environment for quite a few years now, but the Federal Reserve has signaled its intention to raise interest rates throughout 2017. In recent months, several clients have asked the question of how rising interest rates would affect stock prices in the coming months. Realizing that many of you may have the same…
