From last week’s SAS newsletter highlighting the Presidential candidate debates, economic predictive analysis, and mortgage updates, to this week’s SAS newsletter highlighting the Vice Presidential candidate debates, you won’t want to miss it below! Reminder Tax Filing Due Date with Filed Extension Approaching: 10/15/2020 Quick reminder that if you filed an extension for your personal tax return, the due date with extension is approaching on October 15th, 2020. VP Debates We need a quiet week...
With the nation still mourning Ruth Bader Ginsburg's passing last week, the SAS newsletter highlighted both Ginsberg's passing primarily as well as current market events secondarily. This week the SAS Newsletter highlights the Presidential debate brief recap, the stock market trends, Congress and the 2nd CARES Act status, the Congressional Budget Office, mortgages, more daily awareness, and the TD/Schwab merger update. Debates Wednesday night was the first so-called presidential debate. It was a combination of...
Various economic recovery predictions were highlighted in last week's SAS Newsletter. Recovery curves represented by similarly shaped letters are used usually U-shaped, V-shaped, K-shaped, etc. SAS underlines the elements leading to a K-shaped economic recovery prediction. Today we highlight more of the latest events that have happened this week in 2020. RBG Ruth Bader Ginsburg passed this week on the day Rosh Hashanah, the Jewish new year, began. It is a reflective time of year...
Last week, the SAS newsletter highlighted recency bias and how current events have a lasting persistency in our decision making framework. It's a human bias to have a blind spot for anticipating better or worse times, different than today's conditions. This week we jump in with some economic outlooks on the future. Economic Outlooks Economists love to predict the future. They are correct 50% of the time. We just do not know which 50% are...
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...
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...
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...
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...
"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...
