Weekly Market Recap | December 12, 2022

Week in Review Equity Markets: The S&P 500 snapped a two-week winning streak last week, ending the week down 3.4%. The majority of the loss occurred on Friday. The drawdown was a reaction to mixed inflation data and concerns that it could impact monetary policy. The market rallied nearly 12% off the October lows and gained steam in recent weeks…

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Roth Conversions in a Bear Market | December 9, 2022

Roth Conversions in a Bear Market 2022 has been a difficult year for investors, but the market decline can present the potential to capitalize on a long-term tax savings plan by converting traditional IRA funds to a Roth IRA. What Is a Roth IRA? Roth IRAs are individual retirement accounts that are set up with contributions from assets on which…

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Weekly Market Recap | November 28, 2022

Week in Review Equity Markets: The S&P 500 finished the holiday-shortened week up 1.5%. The S&P has rallied nearly 12% from its mid-October low. The rally last week was supported by the Fed minutes that indicated the Fed could begin to slow the pace of rate hikes sooner rather than later. Fixed Income Markets: The headline event for the week…

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Krilogy Market Update November 2022

Market Perspective Video | November 2022

As we approach the final stages of 2022, opportunities exist in both the stock and bond market, which have both discounted quite a bit in looking forward to 2023. We assess the current environment and what is taking place below the surface of the market indices. Important Disclosures

Weekly Market Recap | November 21, 2022

Week in Review Equity Markets: The S&P 500 ended the week nearly flat at -0.7%. The market could not keep the momentum from the previous week. There are two major factors of concern: deteriorating economic numbers, and uncertainty regarding the pace of future rate hikes. 94% of S&P 500 companies have reported earnings. 69% have beaten earnings expectations and 71%…

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The IRS Waives Missed RMD Penalty for Certain Required Minimum Distributions

On October 7th, 2022, the IRS released Notice 2022-53 announcing they intend to waive the 50% excise tax on certain required minimum distributions (RMDs) from retirement plans in 2021 and 2022. Listed below is a brief backstory to get you up to speed. Backstory: In December 2019, Congress passed the Setting Every Community Up for Retirement Enhancement Act of 2019…

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Largest Social Security Bump in 40 years

Starting in January, recipients of Social Security payments are set to receive their largest cost-of-living adjustment (COLA) in over 40 years. According to a recent Social Security Administration press release, approximately 70 million Americans will see an increase of 8.7% in their benefits for 2023. The last double-digit bump for SS payments was a 11.2% bump in 1981. Those currently…

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Weekly Market Recap | November 14, 2022

Week in Review Equity Markets: The S&P 500 rallied on the slowing October CPI report. The S&P spiked on Thursday, ending the day up over 5%, and the week up over 5.9%. The markets bounced on the anticipation that the Fed could slow the pace of the rate hikes. The sooner the Fed signals the end of the rate hiking…

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Weekly Market Recap | November 7, 2022

Week in Review Equity Markets: 85% of S&P 500 companies have reported earnings so far. 70% of companies have beaten earnings expectations and 71% have beaten analysts’ revenue expectations, according to FactSet. The blended earnings growth rate is 2.2%, which combines reported earnings and uses the estimates for any companies that have not yet reported. Earnings are better than feared,…

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Weekly Market Recap | October 31, 2022

Week in Review Equity Markets: The S&P rallied this week, despite some disappointing earnings reports from major tech companies. The S&P ended the week up 4%. The Dow Jones outperformed the other major indices following strong earnings from the energy and industrials sectors and ended the week up by 5.7% We are in the heart of earnings season. So far,…

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