Weekly Market Recap | September 26, 2022

Week in Review Equity Markets: The S&P closed within 30 points of the early June lows this week. This was heavily influenced by the FOMC’s decision to continue its rate hike path and the commentary that followed. We are nearly 10 months into the year and the market has seen a slow bleed. A slow drawdown was followed by a…

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Weekly Market Recap | September 19, 2022

Week in Review Equity Markets: A broad equity market selloff occurred following the CPI report last Tuesday. We saw the DJIA drop over 1,000 points; the largest daily decline since 2020. The S&P ended the week down 4.7%, and nearly 20% below the early January all-time high. Growth stocks struggled on the fears of more rate hikes, the NASDAQ ended…

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Weekly Market Recap | September 12, 2022

Week in Review Equity Markets: The S&P bounced 4.1% after three consecutive negative weeks. The oversold environment contributed to the strong rally this past week. Pessimism dominated over the past three weeks following Chairman Powell’s comments at the Jackson Hole Symposium. Rhetoric was a major driver of the most recent downturn and the market had reached a pivotal point where…

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Weekly Market Recap | September 6, 2022

Week in Review Equity Markets: After the positive stretch in July, the S&P ended August on a 3-week skid. The S&P 500 ended the week down 3.3% and ~18.5% from the early January market high. Investors hoped for slowing labor market numbers, but the labor market remains strong. There are also increasing concerns the Fed will continue the rate hikes….

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Tax Relief for Missouri Flood Victims

The Internal Revenue Service and Missouri Department of Revenue have granted tax relief for victims affected in the severe storms and flooding that began July 25, 2022. Individuals and households affected by the severe storms and flooding qualify for tax relief if the individual resides or has a business located in: The Independent City of St. Louis; Montgomery County; St….

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Weekly Market Recap | August 29, 2022

Week in Review Equity Markets: As anticipated, the past week’s move was going to rely on the outcome of the Fed’s Jackson Hole Symposium. Although the narrative was not negative, it did not put investors’ minds at ease. The S&P fell over 3% on Friday, ending the week down 4%. The market bounced off the mid-June lows in ferocious fashion…

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Weekly Market Recap | August 22, 2022

Week in Review Equity Markets: The S&P snapped its four-week winning streak; ending down 1.2%. After starting the week in strong form; the market struggled following the release of the FOMC meeting minutes and weakening economic data. There has been a ~16% rally from the mid-June lows. The strength of the rally lessened last week and it appeared investors did…

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Krilogy Financial

Three Krilogy® Team Members Earn CERTIFIED FINANCIAL PLANNER™ Designation

Krilogy®, a St. Louis-based wealth management firm with nearly $2 billion in assets, is pleased to announce that Wealth Advisors Nathaniel Gilman and Lucas Nikolaisen, and Wealth Services Manager Dan Reilly have each earned their CERTIFIED FINANCIAL PLANNER™ (CFP®) designation from the Certified Financial Planner Board of Standards. The trio represents the latest addition to the long list of Krilogy…

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Why do I still owe taxes?

There can be many answers to this question, but for the vast majority of U.S. tax filers paid as W-2 employees, the likely culprit is the under withholding of taxes. There are several things that may occur during the year that can lead to a shortfall of tax withholding. Because of this possibility, we encourage you to review your W-4…

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Weekly Market Recap | August 15, 2022

Week in Review Equity Markets: The S&P stretched its winning streak to four weeks, finishing the week up 3.3%. A cooled inflation report helped propel the markets higher. If inflation is in fact slowing, the market expects the Fed to ease the rate hikes. 455 out of the 500 S&P companies have reported earnings thus far. 75% of companies have…

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