Axial Updates

Market Update—Week of September 5, 2023Presented by Axial Financial Group Quick Hits Report releases: Unemployment ticked up to 3.8 percent in August.2. Financial market data: Growth stocks fared well as U.S. Treasury yields fell.3. Looking ahead: Investors will look...

Posted by Brad McMillan, CFA, CAIA, MAI This entry was posted on Sep 1, 2023   With the end of summer drawing near, it has been a busy couple of weeks. We had the Fed’s annual conference in Jackson Hole and a whole bunch of economic data, including a new...

  That's a wrap! Axial's third annual backpack drive for School on Wheels is complete!   Each year, Axial organizes a backpack drive for children facing homelessness across Massachusetts through School on Wheels of MA. We collect new backpacks, donations, and...

Market Update—Week of August 28, 2023Presented by Axial Financial Group Quick Hits Report releases: Jackson Hole was the focus, but there were also several important data releases.2. Financial market data: We saw slightly different reactions to Jackson Hole from...

Coming rebates for energy-efficient upgrades can be combined with existing tax credits PHOTO ILLUSTRATION BY ELENA SCOTTI/THE WALL STREET JOURNAL, ISTOCK (2) By Ashlea EbelingFollow Aug. 9, 2023 9:00 am ET Many Americans will save thousands of dollars on home...

Market Thoughts for August 2023 [Video] Posted by Brad McMillan, CFA, CAIA, MAI  This entry was posted on Aug 2, 2023   U.S. indices were up by low single digits in July, with the Nasdaq doing best as tech stocks continued to rally. International markets also did...

Posted by Brad McMillan, CFA, CAIA, MAI This entry was posted on Jul 28, 2023 2:22:07 PM   There was a lot more data this week than last—and all of it was good. Everything we are seeing suggests that the economy is still growing, despite the headlines and fears....

      10 Ways To Beat The Heat & Save Money On Your Energy Bill This Summer As we push through the final months of summer, battered by record heat waves, the energy grid is put to the ultimate test. The increase in demand on the grid is usually...

  Federal Reserve raises interest rates to highest since 2001   Jennifer Schonberger Senior Reporter Wed, July 26, 2023 at 2:00 PM EDT   The Federal Reserve raised the target range for its benchmark interest rate by 0.25% on Wednesday and left the door...

Market Update—Week of July 10, 2023Presented by Axial Financial Group Quick Hits Report releases: Last week’s employment report showed surprising results to the downside in June2. Financial market data: Both equity and bond markets reset their expectations3. Looking...

Kerry Hannon Senior Columnist, Yahoo Finance June 13, 2023   Next year’s Social Security cost-of-living adjustment will likely be more than two-thirds smaller than the increase seniors enjoyed in 2023, according to new estimates, as inflation continues to cool...

Market Update—Week of June 26, 2023 Presented by Axial Financial Group Quick Hits Report releases: Existing home sales increased in May after two months of falling sales2. Financial market data: Investors took a breather from their recent buying streak3. Looking...

Market Update—Week of June 20, 2023 Presented by Axial Financial Group   Quick Hits Report releases: The Federal Reserve (Fed) left the target range for the federal funds rate unchanged2. Financial market data: A pause from the Fed and AI optimism carried stocks...

Market Update—Week of June 12, 2023Presented by Axial Financial Group   Quick Hits Report releases: Service sector confidence sours in May2. Financial market data: The S&P 500 is more than 20 percent above its 52-week low3. Looking ahead: The Federal Open...

Market Thoughts for June 2023 [Video] Posted by Brad McMillan, CFA, CAIA, MAI, June 2, 2023   After a mixed April, markets pulled back in May. The exception was the Nasdaq, which was up by just under 6 percent. Other U.S. markets were flat or down, and...

  Posted by Brad McMillan, CFA, CAIA, MAI, May 31, 2023   After a continued rally in April, markets largely pulled back in May. Exceptions here were the Nasdaq, which rose, and the S&P 500, which was essentially flat. The Dow, international markets, and...

Market Update—Month Ending April 30, 2023Presented by Axial Financial Group Quick Hits Largely Positive April for Markets Fixed Income Rally Continues Bank Stress Impact and Updates Economic Updates Show Continued Growth Risks Are Worth Monitoring Outlook Remains...

Presented by Axial Financial Group We’ve discussed the debt ceiling crisis in past articles, and now it’s back in the headlines. What does this mean, and why are we watching it now? Several months ago, the U.S. borrowed as much money as it’s legally allowed to borrow...

Weekly Market Update, Week of April 10, 2023 Presented by Axial Financial Group                               Quick Hits 1. Report releases: S. job growth in March slightly surpassed expectations 2. Financial market data: Value stocks led the way as energy rallied 3....

We are excited to announce that our Axial Burlington office will be moving to a new location!   As of April 14th, 2023, our new Burlington office address is:  Axial Financial Group 1 Van de Graaff Drive, Suite 500 Burlington, MA 01803 Please note, as of Friday,...

Weekly Market Update, Week of April 3, 2023 Presented by Axial Financial Group                               Market Update—Week of April 3, 2023 Quick Hits Report releases: Personal income and spending both rose in February2. Financial market data: Large and growth...

Married couples can fund two accounts, even if just one spouse earns income. By JEAN FOLGER, updated March 18, 2023 Reviewed by DAVID KINDNESS Fact checked by SUZANNE KVILHAUG What Is a Spousal Roth IRA? Typically, individuals need to earn income to contribute to...

Weekly Market Update, Week of March 27, 2023 Presented by Axial Financial Group                               Market Update—Week of March 27, 2023 ---Quick Hits Report releases: The Federal Open Market Committee (FOMC) raised the federal funds rate 0.25 percent...

What Mattered This Week? Banks Seek Help from the Fed Posted by Brad McMillan, CFA, CAIA, MAI Mar 24, 2023 2:10:39 PM   There were two events that mattered this week. First was the regular Fed meeting on interest rates, where the Fed ended up raising rates by the...

Weekly Market Update, Week of March 20, 2023 Presented by Axial Financial Group                              Market Update—Week of March 20, 2023 Quick Hits Report releases: Inflation and retail sales cooled as used auto prices have declined2. Financial market data:...