September 2018 Economic Dashboard

Wall Street loves an anniversary and the 10th anniversary of the Lehman Brothers failure was no exception.  We won’t go into the causes of the failure and subsequent Great Recession as they have been told and re-told many times.  One lesson of Lehman was that anything was possible in terms of financial calamity, so what… Read More »

Over 70? Here is what you need to know about RMDs

What is a Required Minimum Distribution? A RMD represents the minimum amount that an account holder must withdraw from certain retirement accounts. Anybody with a Traditional IRA, SARSEP, SEP, SIMPLE IRA, or employee-sponsored retirement plan that has reached the age of 70½ is required to take a minimum distribution from their account. RMDs exist, more… Read More »

August 2018 Economic Dashboard

Perhaps everyone can breathe a sigh of relief now. Almost seven months to the day, the S&P 500 finally hit a new all-time high on August 24th. After the index peaked on January 26th it quickly fell 10% and then muddled along for the next few months, but steady progress since April has finally resulted… Read More »

July 2018 Economic Dashboard

With the second half of the year officially underway the broad-based S&P 500 and much more concentrated Dow Jones Industrial indices are still chasing their all-time highs reached at the end of January (the technology-laden Nasdaq has already reached new highs). Following the November 2016 election the S&P 500 shot up 38% over the next… Read More »

June 2018 Economic Dashboard

After much optimism at the start of 2018 that the market would enjoy another strong year of gains (which in and of itself should be viewed as a contra-indicator of the eventual results), the markets have made little or no progress since January 1st. Historically, two major sources of market strength are increasing corporate profits… Read More »