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2024 First Quarter Market Update & Looking Ahead

As the first quarter of the year came to an end on March 29th, the market began to take a breather. After a blistering 2023 where the S&P 500 surged 26%, the S&P 500 continued that run in the beginning of 2024 to end March up over 10%. Though the market had a strong start, some cracks were beginning to show in the rally and in the two weeks to start the second quarter, the S&P 500 has pulled back to mid-single digits. To look at what’s driving these market movements and determine what the rest of the year might look like it’s important to review the current economic conditions.

Don’t Let Perception Become Your Reality

2024 is a monumental election year. Though, it’s probably not for the reason you’re thinking right now. In 2024, 64 countries around the globe will hold elections representing about 49% of the world’s population, according to an article in TIME. The most of all time. One of those countries holding elections this year is the US and there are many important issues for voters to consider: foreign policy, border security, healthcare, social security and medicare, and much more. Notably, I did not mention one topic- the economy. I am going to make a controversial statement- the economy and markets will be fine over time regardless of the outcome of the 2024 elections. 

Streamline Your Tax Preparation

With the tax filing deadline just around the corner (April 15th!), now is the perfect time to start organizing your tax information. Proper organization not only simplifies the tax preparation process but also ensures that you maximize deductions, avoid penalties, and file your taxes accurately and on time.

Unveiling the Power of Long-Term Investing: A Comprehensive Analysis of Historical Market Trends

In last month’s article, I addressed a common question… “Is now a good time to invest?” I referenced in that article that over the past 20+ years, investors could always find a reason to stay away from the markets. The reasons to avoid investing included events like the fallout of the Global Financial Crisis, the Dot-Com bubble, Trade Wars, the War on Terror, and even different biological concerns like the Ebola and Coronavirus epidemics. Yet, despite all of these events, the annualized return of the S&P 500 Total Return Index was about 7%. While I think that just that piece of information is powerful, it only captures one window of returns from 2000-2023. What about all the other years and combinations? 

Charting the Course: 2023 Market and Economic Insights with a Forward Look to 2024

Back in April of 2023, I had the opportunity to speak to a local group of Orlando business owners and retirees with John Kennedy. We were initially asked in January to talk a bit about our company and some timely topics, and by the time April rolled around, the financial markets were in disarray giving us much to discuss. Signature Bank and Silicon Valley Bank were failing, Credit Suisse looked suspect, and First Republic Bank was teetering on the edge of insolvency as well. A few short months later, all four institutions had failed or were neatly tucked into other banks before they could fail. A crisis was averted as this did not spread to the economy as a whole and while we did explain what happened to these banks, we also spent an equal amount of time explaining why these events were not to be feared. Rather, these events can often present different buying opportunities for long term investors, and 2023 ultimately proved us right.

The 2024 Guide to Your New Year Financial Goals

As we usher in a new year, it’s that time again – the season of resolutions and fresh starts. Among the top contenders for our resolutions list, financial goals often claim the top spot. After all, what better time to assess, plan, and set the course for your financial future than the beginning of a new year? In this blog post, we’ll explore some key considerations and insights to guide you in setting meaningful financial goals for 2024.

30 Days Later

Now that we have passed the 30-day mark for the most recent Israeli-Hamas conflict, I wanted to take the opportunity to see how the market performed in the immediate aftermath. 

Geopolitical Events and Investment Implications

The world can be a scary place. On a weekend that the largest news story should have been “Who will be the next Speaker of the House?”, a geopolitical event in Israel took the front page news.

2023 Third Quarter Update

Two of the most dangerous parts of flight are the takeoff and initial climb period as well as the approach and landing portion. In these periods of flight there are a variety of risks such as engine failures, bird strikes, weather related issues, and much more. Similarly, the economy is often most vulnerable to issues coming out of a recession and when it’s trying to avoid it. 

Fitch Downgrades US Debt

If you were watching the news on August 1st, you could not have missed what looks like former President Trump’s third indictment, but you may have missed another notable headline.