Wealth and Wisdom

Market Update – August 27, 2021

Every August the Federal Reserve Bank of Kansas City hosts the Jackson Hole Economic Symposium and every time this meeting is held, the market pays attention to everything that is said or implied. This year was no different, analyst watched closely to what Fed Chair Powell had to say about inflation, unemployment and their current bond purchasing program.

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Considering A Charitable Gift? Four Tips For Identifying Organizations Who Will Use Your Money Wisely

More and more people now are supporting causes they have a passion for through a range of charitable giving options—from direct gifts, to contributions via donor advised funds, to donations of stocks and appreciated securities, to a range of other philanthropic vehicles. While we will talk more about these “other” vehicles in another article, today we will discuss a few ways to screen nonprofit and charitable organizations before making your gift.

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Summer 2021 Quarterly Commentary

The overall equity markets continued to deliver great returns in the second quarter of 2021. Looking at the broader indexes, the S&P 500 returned 8.17%, the Dow Jones Industrial Average gained 4.61%, and the tech heavy NASDAQ Composite posted an increase of 9.68%.

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Market Update – June 11, 2021

For the large part of the year, the markets have been watching very closely for any new inflation data point. The consensus is that we will experience higher than usual inflation and that most data points released over the next couple of months will be higher than usual. The reason is simple; most of the inflation data compares year-over-year movement, and last year in the second quarter the economy was mostly shut down.

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Market Update – June 04, 2021

The so-called meme stocks are making news this week and some investors are trying to understand what is going on. Let us first define a meme stock, which is a publicly traded company that is talked about on social media sites like Reddit and speculators are coming together to bid the price of the stock up.

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Market Update – May 14, 2021

The markets have been under pressure this week with the tech heavy NASDAQ Composite taking the biggest hit of the major indexes. This week, through Thursday’s market close, the S&P 500 is down 2.84%, while the Dow Jones Industrial Average has declined 2.17% and the NASDAQ Composite has sold-off 4.56%.

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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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