Weekly Market Update – February 25, 2022
Quick Takes It was a troubling week as Russia began a full-scale invasion of Ukraine triggering one of the worst military crises in Europe in decades. Given the complexity of the situation with waves of sanctions being issued by Western allies and various reports of...
Russia Invades (Again)
On December 27, 1979, millions of Americans grabbed their morning coffee, walked outside to get the paper, opened it up and saw this headline: This was the beginning of the Soviet invasion of Afghanistan. The world condemned it. There was conjecture that this was the...
Weekly Market Update – February 18, 2022
Quick Takes Equities continued to struggle amid elevated geopolitical risks and expectations for tighter monetary policies as inflation pressures persist ahead of next month’s Fed meeting. Virtually all major global equity indices were down -1% or more, deepening the...
Weekly Market Update – February 11, 2022
Quick Takes Stocks continue their choppy trading, getting whipsawed in the past week by a hotter-than-expected consumer inflation report, surprisingly hawkish comments from St. Louis Fed President James Bullard, and National Security Advisor Jake Sullivan’s...
New Tax Rule on Payment Apps Like Venmo and PayPal
Information has circulated the internet about payments made through mobile money applications such as Venmo, PayPal, Cash App, etc., being taxed starting January 1, 2022. To clear up any confusion, we wanted to make sure you understand the rule and how it may or may...
Monthly Market Update — January 2022
Market Performance Summary There just isn’t any way to sugarcoat it, January was a rough month for investors in all asset classes. After a year of solid gains across most major equity indices in 2021, January was a decidedly “risk-off” month in which pretty much...
Weekly Market Update – February 4, 2022
Quick Takes Major U.S. stock market indices had their best week of the year despite sharp losses on Thursday. For the week, the S&P 500 was +1.6% higher, the Nasdaq rose +2.4%, the Dow gained +1.1%, and the small cap Russell 2000 advanced +1.7%. Stocks had been...
Weekly Market Update – January 28, 2022
Quick Takes Major U.S. stock market indices narrowly averted another negative week with a dramatic late afternoon surge on Friday. The S&P 500 gained +2.4% on Friday to end a three-week losing streak with a +0.8% weekly advance. It was a wild, roller-coaster ride...