Happy New Year. More so than most times, this “New” seems very new. Over the last 25 years, there have been only five two-year periods in which the US Congress and the White House have been controlled by the same political party; the current two-year period (2025-2027) is the first since 2017-2019. Following a five-day selloff, Wall Street ended its longest equities losing streak since April. The Nasdaq 100 rebounded sharply on Friday, gaining 1.7%, while the S&P 500 rose 1.3%. These gains partially offset the week’s selloff, which had been fueled by a December downturn extending into the first trading day of the new year. On the wealth planning front, we provide a Corporate Transparency Act update and a reminders on cryptocurrencies.
Click Here to Read the January 5, 2025, Economic Commentary
Click Here to Read the January 5, 2025, Investment Commentary
Click Here to Read the January 5, 2025, Wealth Planning Commentary