2022 Year-End Tax Planning for Businesses
The tax picture for 2022 looks a little different than in 2021. On top of several of the COVID-related tax provisions having expired, The Inflation Reduction Act of 2022 has also made a variety of changes that impact 2022 taxes. 2022 Inflation Reduction Act A major...
Weekly Market Update – November 18, 2022
Quick Takes The main U.S. indexes ended the week with losses as doubts rose about the recent rally being sustained, despite signs of easing inflation. The S&P 500 fell -0.7%, the tech-heavy Nasdaq Composite slid -1.6%, and the small cap Russell 2000 dropped -1.8%....
Weekly Market Update – November 11, 2022
Quick Takes U.S. stocks posted their biggest daily gain since March 2020 following tepid inflation data from October’s Consumer Price Index (CPI), with the S&P 500 Index up +5.9% for the week. The Nasdaq Composite Index recorded its best week since March, with a...
Weekly Market Update – November 04, 2022
Quick Takes The Federal Open Market Committee (FOMC) reiterated that future rate increases will be appropriate, and Fed Chair Powell said that the ultimate level of rates will be higher than initially thought and that the notion of a pause any time soon was very...
Monthly Market Update — October 2022
Market Performance Summary Global stocks surged in October, just a month after a September slide that left many stock indexes well into bear market territory. Stocks and bonds have moved in tandem for much of the year, however, for the most part, bonds did not join in...
Weekly Market Update – October 28, 2022
Quick Takes Stocks sidestepped disappointing earnings news, especially dismal outlooks from big technology firms, and instead focused on a stronger-than-expected GDP report and inflation data that was in check with expectations. The S&P 500 gained +3.9% for the...
Weekly Market Update – October 21, 2022
Quick Takes Markets continued their roller coaster action, but this week they managed to close higher after being down four of the five prior weeks. In fact, it was the best week for stocks since June, with the S&P 500 advancing +4.7% and the Nasdaq up +5.2%. The...
Weekly Market Update – October 14, 2022
Quick Takes Markets whipsawed throughout the week as investors weighed inflation data that the Fed will weigh in its policy-making decisions. Both wholesale prices (Producer Price Index) and consumer (Consumer Price Index) came in higher than expected and core...