Last week we discussed the relentless climb higher for the major indexes, along with the need for American confidence in the way the country is responding to Covid19 and the economy, continuing racial tension, and the Fed’s latest approach regarding inflation and inflation rates. Markets The relentless climb higher for stock market averages has taken a big pause starting last Thursday and continuing Tuesday. New highs were established before this recent decline with the Nasdaq...
Last week, the SAS Newsletter highlighted the market nearing record highs, and the two Americas: Main Street and Wall Street. SAS remains cautious amidst the ever shortening news cycle. Markets This week we saw a relentless climb higher for all the major indexes. Zoom reported earnings this week that were a blowout rising 42% this week. SAS has a paid Zoom subscription! Who knew 25 weeks ago that we would be in this state of...
Last week, the SAS newsletter highlighted the DNC, the impact of the Federal Reserve on markets, and the Fear of Missing Out when assessing investing new cash or selling out of certain investments - essentially, holding on to conservative allocations, enough to reach client goals, without reactionary selling. Markets Another week, another S&P 500 record high. Apple stock is about to split and the NASDAQ continues to climb. Five stocks are providing the majority of...
Investing and the Fear of Missing Out Last week, we highlighted the phrase "Don't Fight the Fed" to explain the relationship between current events and the unexpected, positively rebounding market, catch more here. One way to keep track of the weeks is when we compose our newsletter. Guess so far, the pandemic is at the 6 month mark. We compose the SAS Client Newsletter on Wednesday so for our team it is another demarcation of...
"Don't Fight the Fed" “Don’t fight the Fed” is an old Wall Street saying. That is the only explanation I have for market performance in 2020. There is a great deal of bad news and yet the S&P 500 reached an intraday record this week and may very well close at a new high in the midst of a recession. Of course, a recession is only officially determined after it has ended so we are...
The hits keep coming. In the news it seems there is never a dull moment yet at the same time it feels as though our lives and time are frozen. Life during the time of Covid-19 is different from any time in our lives before. The expectation of change is constantly in the air. This too shall end although we don’t know when and we don’t know how it will alter our routines like shopping...
So far this week we are facing the expiration of many provisions of the CARES act, most importantly, the extra weekly unemployment benefit of $600 as well as additional funding for testing, schools, municipalities and states, hospitals and more. A Democratic Congress is negotiating with a Republican Senate and the White House. Not even close to an agreement on next steps with regard to the expiration of CARES benefits Friday July 31. The cost of...
Events are unfolding rapidly, assumed Democratic Presidential candidate Joe Biden is presenting policy statements. Of particular interest to us is his proposed tax reform policies. Here is a link with some non-partisan analysis in regard to the proposals impact on the many issues of tax policy. Basically, Biden proposes to raise taxes on wealthier Americans with an income level of $400,000 and to increase corporate taxes from current 21% to 28%. Also, an increase in...
In a world where events seem out of your control it is important to find decisions in your life that you can control. Examples would be wearing a mask, social distancing, washing your hands and being prudent in your behavior. Maintaining your discipline in regard to your behavior is a daily challenge. The initial shelter in place order at the beginning of the pandemic was easier than it is now. It was new and we...
Important Reminder! Once again, this is an important reminder! The deadline for filing taxes and contributing to your Individual Retirement Account (IRA) is fast approaching. The July 15, 2020 deadline has been confirmed. No further extensions unless you elect for a tax filing extension to defer your filing to October 15. To echo last week’s newsletter, the extension to file does not extend your due date to pay your taxes due. Official tax due date...
Important deadline approaching The deadline for filing taxes and contributing to your individual retirement account (IRAs, Roth IRAs, and SEP IRAs) is upon us. The July 15, 2020 deadline has been confirmed. No further extensions, unless you request to extend your tax filing until October 15. Important to note that while you can postpone your tax filing date, the official tax payment deadline is still July 15th. Unpaid taxes beyond July 15 are subject to...
We were hoping for a slow week, so much for that! An upcoming date to pay attention to is the current tax filing deadline of July 15th, 2020. Individuals have until the tax deadline to: File their 2019 taxes (or file an extension to file in October) Make contributions to their individual IRA- either Roth or Traditional. Please reach out if you have questions or need guidance on the new tax deadline or making a...
