Wealth and Wisdom

The Economic Consequences of Divorce

Although divorce is more common these days, socially the word “Divorce” has a negative connotation. It may be due to guilt, embarrassment or feeling of failure. Regardless if you are thinking of divorce, going through a divorce, or just divorced, it may not be too late to avoid costly, irreversible mistakes.

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Spring 2021 Quarterly Commentary

The first three months of the year turned out to be very favorable for stocks. The S&P 500 had a Total Return (TR) of 6.17%, while the Dow Jones Industrial Average led the way up 7.76% TR and the tech-heavy Nasdaq Composite posted a gain of 2.95% TR.

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Market Update – March 5, 2021

The U.S. equity markets continue the bumpy ride this week as rising yields continue to weigh on stocks. On Thursday, the S&P 500 was down 1.34%, while the tech heavy NASDAQ Composite decreased 2.11%.

The 10-Year U.S. Treasury Yield has been on the rise since the summer and over the last 30 days, it has spiked up very quickly. That has spooked the stock market and has led to big down days, like yesterday.

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Market Update – February 19, 2021

Yesterday afternoon the Surevest Investment Committee had the pleasure to be part of a small group that enjoyed a live video conversation with Dr. Ben Bernanke. As many of you are aware, Dr. Ben Bernanke served as the 14th Chair of the Federal Reserve from 2006 to 2014. Most importantly, he is one of the top authority figures when it comes to crises as he studied the Great Depression and was the man in charge during the financial crisis of 2008-2009.

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Winter 2020 Quarterly Commentary

Coming into 2020, many investors and analysts were expecting increased market volatility given it was a presidential election year. On top of that, the prior year delivered stellar returns with the S&P 500 Total Return Index up 31.49%. With that backdrop, investors were unnerved and many contemplated selling their holdings and going to cash. Not very long into the year, news broke out of a virus in China, but the U.S. markets shrugged it off as an isolated event and markets continued forward to make new highs. It was not until it was announced that the virus was turning up in Europe and people infected had no direct contact with anyone from China that then the markets began to realize this was not an isolated event.

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Market Update – December 11, 2020

Two giant companies had extremely successful initial public offerings this week. DoorDash, the food delivery service business, ended their first day of trading with an 85% increase, and Airbnb, the online vacation rental company, skyrocketed 112%.

A unicorn is a common business term used to describe privately held startup companies valued at more than $1 billion. To be on this list is quite the accomplishment, but it does not do justice to the market capitalization of DoorDash, which closed its first day of trading with a fully diluted market cap of $72B and Airbnb with a fully diluted market cap of over $100M[i]

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Fall 2020 Quarterly Commentary

The third quarter has ended following a roller-coaster ride of volatility for investors. Be that as it may, the S&P 500 returned an impressive 8.47% during this period. August saw the best month dating back to the mid-1980’s, and while the markets tumbled in September down 3.92%, it finished off the month with a rally of almost 4% during the last five trading days of the quarter.

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Market Update – September 25, 2020

The month of September continues to bring us increased volatility and a down market. Through Thursday’s market close, the S&P 500 is down 7.15% and now putting the index up only 1.90% Total Return year-to-date. This has led investors to ask if this is the beginning of a big market sell off.

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Market Update – August 28, 2020

Inflation is a topic that is starting to get more attention on Wall Street. The Federal Reserve and Congress took strong measures to combat the rapid decrease in economic output caused by COVID-19. The Fed implemented many programs available to struggling businesses, while the government passed a massive stimulus package to help many individual Americans. This coordinated approach is expected to prop the economy during these difficult times and help speed the recovery. However, investors are now asking if these actions may have consequences down the line through higher inflation levels.

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