SAS Financial Advisors, LLC |
Newsletter 141 Stealth market moves higher. So far 2023 has a major equity average moving higher by anywhere from 1-4%. Yes, portfolio values are rebounding after a brutal 2022. There are still major economic and political issues lurking in 2023 including inflation, recession, interest rates, the Federal Reserve, federal debt limits, funding the federal government and of course the most dangerous category: other. Markets seem to become sanguine about all of the preceding concerns. Interest...
"SAS Financial Advisors, LLC" |
Newsletter 141 For SAS Clients: TD Ameritrade Institutional 1099s are now available online at www.advisorclient.com. Instructions: Login at www.advisorclient.com Navigate to the “Documents” tab. Then choose “Tax Documents” from the left-hand side tab options. Market Now: Stocks edge higher with both the S&P 500 and Nasdaq recording largest weekly gains in over 2 months. Big banks were showing gains and driving up markets. Banks are topping analysts' expectations indicating that banks are assuming larger amounts...
"SAS Financial Advisors, LLC" |
A Big Hello to 2023! As we go into the new year with these big ideas of starting new goals and finishing old tasks, I think it's a good reminder that being in the now is the most important - working on small tasks just to get through our days is awesome work. This also plays into our idea of what this year brings financially - we plan and we adjust, and we plan again...
"SAS Financial Advisors, LLC" |
Happiest Wishes into the Holidays & New Year The SAS team is taking some time for family, holidays, and celebration between Christmas and New Year's so be aware that we will have limited access and give us some time to respond to any needs for the next week. We will check emails periodically and would appreciate holding any non-emergency issues for the New Year. A great big thank you to our clients and especially the...
SAS Financial Advisors, LLC |
Another tough week for markets as the Federal Reserve meeting announcement increased the Fed funds rate by ½% but, that was lower than the three previous meetings where rates were increased by ¾%. So, the rate of increase has slowed but the terminal rate or the rate at which the Fed estimates will achieve its goal of slowing inflation is higher at about 5.25%. Timing by the Fed is estimated into 2023 continuing the rate...
SAS Financial Advisors, LLC |
Market Now: Consumer increase in spending is slowing down. At least it is growing at a slower rate than last month, says the credit card issuers. Remember the trend is more important than the absolute number. Reflecting recession fears, stocks have been declining this week and the yield curve inversion is steepening at the same time. The Fed meets next week with expectations of a ½ point increase instead of the last 4 meetings increase...
SAS Financial Advisors, LLC |
It's recovery time from the big holiday dinner. Time with family and friends contributes to happiness. Of course, it can depend on your relationship with your family. We see a continuum of quality and closeness among our clients in relationship with their families. Sometimes families test our patience and bring out lifelong struggles to the table. We had a wonderful, fun Thanksgiving with a couple of close friends with great food and company. The most...
SAS Financial Advisors, LLC |
The tax collector is coming! The calendar year is coming to an end and that is a deadline for most tax reduction/tax deferral strategies. In regard to taxes the usual attention getting date is April 15 which is the filing date. However, in order to impact the tax filing for 2022 that you will submit in 2023, the calendar year is more important. Although we are not tax preparers or tax experts, if you find...
SAS Financial Advisors, LLC |
Market Now Inflation outranks politics-at least this week. We have a rule to not invest based on politics, so this week’s market behavior confirms that approach. It is no longer election night but election week. This is true in California, as counting continues. Markets seemed to be disappointed on Wednesday that early voting indicated that Republicans were not meeting expectations of a Wave election and in fact, did much more poorly than raised expectations. Markets...
SAS Financial Advisors, LLC |
Market Now Planet Killer Asteroid Spotted Hiding in Sun's Glare. Stock markets and interest rates really don’t matter anymore. We are all gonna die! Well, I guess that’s not going to happen and more mundane events seem more important like the Federal Reserve, employment, consumer spending, savings, interest rates, real estate and inflation! This week, with October ending with a very positive month in terms of market performance and boom, the November Federal Reserve meeting...
SAS Financial Advisors, LLC |
Market Now We have seen a bounce back in market averages after approaching year to date lows earlier in the month. Market’s higher moves have occurred even as interest rates continue to increase across the yield curve. The US Treasury yield curve continues to be inverted indicating an economic slowdown ahead, but investor sentiment is off its lows indicating slightly more “bullish” optimism among individual investors. However, the increase in bullish sentiment is modest with...
SAS Financial Advisors, LLC |
Market Now “There are two kinds of forecasters: those who don’t know, and those who don’t know they don’t know.”– John Kenneth Galbraith Predicting the future has been a fascination for humans since time began. Some predictions have actually turned out to be true. For instance, you could say economists are correct with their forecasts 50% of the time. We just don’t know which 50% are correct. Each year the Wall Street Journal surveys economists...