Earnings season is upon us once again, and the US markets have reacted favorably so far. The broader US indexes were up for the week as of Thursday’s market close; led by the NASDAQ Composite with a return of 2.59%, followed by the S&P 500 and the Dow Jones Industrial Average at 2.07% and 1.92% respectively.
We are into the third week of the new year, so there has understandably been a lot of talk about setting and keeping to those New Year’s resolutions. Each year, many of us strive to achieve a healthier lifestyle, which can present its own challenges since many of us are living our lives on the go. One of the resolutions that I aspire to achieve this year is to feed my family healthier meals. Of course, that is easier said than done, especially when you have picky eaters to feed.
The pessimistic narrative on the Fed and China that drove the market to new lows a couple weeks back has changed to a more optimistic tone. This new tone has created a sharp bounce from the lows we witnessed on December 26th.
If you are like many tax-conscious individuals, you are probably making contributions to a retirement account. For those contributing to an IRA, there is still time to make 2018 contributions to your Traditional, SEP-IRA, or Roth IRA account. The deadline to make these contributions ends on April 15th, 2019 for traditional and Roth IRA’s. However, for those contributing to a SEP-IRA, the contributions are due before the individual files their taxes, which for those who are filing an extension, can be as late as October 15th.
Happy New Year everyone! It’s that time of year when inspiration is abundant and optimism is high. No more overpriced coffee in the morning! No more slacking on those gym visits! I’m with you on all of that, but I wanted to spend some time talking, on a small home office and small business level, on how we can improve on our bad IT cyber-security habits.
Once the dust settles, just like every other market correction, investors will look back and say I should have bought that stock when it was trading so low. Luckily for our clients, we are looking to be opportunistic on your behalf. In our view we are getting close to levels where we should see some support and we think another 6-8% downside would be a gift for buyers. Surprisingly of the hundreds of clients we have, we have heard from less than a handful during this volatility.
California Wildfire Relief
It has been another eventful week in the U.S. and global equity markets. As the year ends, it appears we may not be getting the much-anticipated Santa Claus rally. On the contrary, this year for the holiday’s the market has brought us uncertainty. However, we see the volatility as an opportunity to find good investments that are now trading at a discount to their levels from a few months back.
Market volatility continues in the U.S. equity markets this week. The broader indexes saw a spike higher on Monday after optimism on a potential U.S. and China trade deal, but all the gains were given up on Tuesday when the market lost hope the dinner between President Trump and President Xi Jinping would lead to a productive negotiation between the two nations.