An Update to My Positive/Negative Path of the Market in 2023
February 24, 2023 – On February 14, I did a live presentation at the San Mateo Public Library with my co-presenter Matt Lau, CFP® on the topic “The Positive and Negative Path for Markets in 2023”. At that presentation, I shared seven variables to watch for clues of which way the market is leaning this […]
Expiring and Pending Tax Legislation
February 21, 2023 – Below you’ll find a recap of expiring and pending tax legislation.
Mixed Messages
February 9, 2023 – The first two weeks of February provided investors with a series of contradicting signals about the state of the economy. It began with the Federal Open Market Committee meeting on February 1st, where the Fed, as expected, raised interest rates by 25bps to a range of 4.5-4.75%. While the decision itself […]
Money Life with Chuck Jaffe feat. Jeanette Garretty
February 8, 2023 – Chief Economist and Managing Director, Jeanette Garretty appeared on Money Life to discuss the current economic outlook including ‘The odds of a soft-landing keep increasing.’ “A soft landing is certainly not going to feel like 2.5-3% economic growth and all problems are solved. So, I think that’s important to keep in […]
How to Help Your Clients Avoid An IRS Audit
February 7, 2023 – Head of Wealth Planning, Mallon FitzPatrick spoke with Jeff Stimpson from FA Magazine on a recent piece discussing ‘How to Help Your Clients Avoid An IRS Audit.’ “Audits on ultra- and high-net-worth clients are likely to increase, though the probability of an audit remains low,” Mallon explains. Read full piece here: https://bit.ly/40CizO9
Post-Fed Market Analysis and Outlook
By John Lau CPA, CFP® February 6, 2023 – Markets rallied last week after the FOMC meeting and Fed Chair Powell’s press conference on Wednesday because Powell did nothing to refute the market’s belief that the Fed will stop raising rates after March and will cut rates two to three times by the end of […]
All Eyes on Alts
February 6, 2023 – Chief Investment Officer, Stuart Katz was featured in InvestmentNews recent cover story discussing ‘All Eyes on Alts.’ “The correlation between public equities and fixed income is positive, unstable and will remain higher than it has historically,” Stuart explains. Read full piece here: https://bit.ly/3jGzTkt
Fooling and No Fooling
February 1, 2023 Good morning, Monday’s market action started the week on a down note with the S&P 500 Index (SPX) down -1.31% on the day. Was it to be the start of a pullback? No, the market wouldn’t stand for that and retraced more than all of Monday’s losses by finishing up +1..46% yesterday. […]
Is It Time to Go Offensive? (No, Not Yet)
By John Lau, CPA, CFP® January 31, 2023 – The start of 2023 has been strong for the laggards of 2022. This may be due partially to the “January Effect”, which is the historic tendency for laggard stocks to rise to start a new year. The somewhat tangible evidence behind a positive start to the […]
Why Tax Refunds May Be Smaller in 2023
January 31, 2023 – Principal and Managing Director, Frank J. Corrado was featured in U.S. News & World Report to discuss ‘Why Tax Refunds May Be Smaller in 2023.’ Extra money might have an unwelcome side effect: “More Social Security income might now be taxed,” Corrado says. Read the full piece here: https://bit.ly/3Dw35S1
US Stocks Fall Ahead of Fed Meeting
January 30, 2023 – Chief Investment Officer, Stuart Katz was featured in The Wall Street Journal to discuss ‘U.S. Stocks Fall Ahead of Fed Meeting.’ “Markets believe that “the bleak period of 2022 could quickly be going into the rearview mirror,” said Katz. “Optimism is premature, citing the disconnect between investors and the Fed over […]
SECURE Act 2.0: 529 Rollovers
529 accounts are getting a lot more powerful with the recent SECURE Act 2.0 legislation that went into effect on January 1st. Here’s what you need to know: Typically, 529 money is dedicated to education expenses like college tuition. Taking money out for other “non-qualified” purposes generally triggers penalties and taxes. Meaning that if your […]