Axial Updates

  There's Still Time to Fund an IRA for 2023 The tax filing deadline is fast approaching, which means time is running out to fund an IRA for 2023. If you had earned income last year, you may be able to contribute up to $6,500 for 2023 ($7,500 for those age 50 or...

Market Update—Week of February 12, 2024 Presented by Axial Financial Group   Consumer credit was weaker than expected. Large technology names such as Nvidia and Alphabet continued to lift equity markets. Economic data showed signs of softening. Quick Hits Report...

Market Thoughts for February 2024 [Video] Posted by Brad McMillan, CFA®, CFP® This entry was posted on Feb 2, 2024   The U.S. stock market reported lower-single-digit gains in January, while international and emerging markets lagged behind. The economy performed...

Photo Source: Getty Images Written by a turboTax Expert, Reviewed by a TurboTax CPA, December 27, 2023 Updated for Tax Year 2023 Don't overpay taxes by overlooking these tax deductions. See the 10 most common deductions taxpayers miss on their tax returns so you can...

  What a difference a year makes. At the start of 2023, market pessimism was widespread, investors braced for a recession, and many expected another down year in stocks. Instead, the economy proved remarkably resilient, inflation declined at a rapid pace, and...

Market Update—Week of January 16, 2024Presented by Axial Financial Group Quick Hits Report releases: Headline consumer inflation accelerated in December, but core inflation slowed on a year-over-year basis.2. Financial market data: Short-to intermediate term...

Market Update—Week of January 8, 2024Presented by Axial Financial Group Quick Hits   Report releases: Hiring accelerated in December; 216,000 jobs were added during the month.2. Financial market data: Apple was downgraded twice as analysts see potential headwinds...

Market Thoughts for January 2024 [Video] Posted by Brad McMillan, CFA®, CFP® This entry was posted on Jan 3, 2024 12:13:14 PM   Markets around the world were up from 3 percent to 6 percent last month and up by double digits across the board for the year. The lack...

Market Update—Week of January 2, 2024Presented by Axial Financial Group Quick Hits   Report releases: There were no major data releases during the holiday-shortened week.2. Financial market data: International stocks led the way as China continued to try to stimulate...

Market Update—Week of December 26, 2023Presented by Axial Financial Group   Quick Hits Report releases: Consumer confidence continued to improve as personal incomes rose for the 22nd consecutive month. Financial market data: Small-caps continued their recent...

Can We Stay the Course in the Year Ahead? A Look Ahead to 2024 Presented by Axial Financial Group   At the start of 2023, we saw dire headlines about the economy and the markets despite positive economic data. Ultimately, the results this year followed the data,...

  To Roll Over—or Not to Roll Over—Your 401(k) Presented by Axial Financial Group   As you advance in your career and hold jobs at various companies, you may discover at some point that you’ve left behind valuable cookie crumbs: a trail of employer-sponsored...

Market Update—Week of December 11, 2023Presented by Axial Financial Group   Quick Hits Report releases: The unemployment rate unexpectedly fell to 3.7 percent in November.2. Financial market data: Employment remained strong but new openings continued to fall.3....

Market Update—Week of December 4, 2023Presented by Axial Financial Group   Quick Hits Report releases: Personal income and spending growth slowed in October.2. Financial market data: Falling inflation and a dovish Federal Reserve (Fed) supported small-caps and...

Market Update—Week of November 20, 2023 Presented by Axial Financial Group Quick Hits Report releases: Consumer and producer inflation came in below economist expectations in October.2. Financial market data: Lower-than-expected inflation data lifted equities and...

  As the end of the year approaches, it's time to start planning ahead.   In between the busyness and usual "to-do's" of the upcoming holiday season, now is a good time to begin pulling out last year's tax return, along with your current pay stubs and...

Market Thoughts for August 2023 [Video] Posted by Brad McMillan, CFA, CAIA, MAI This entry was posted on Nov 2, 2023   U.S. indices were down for the third consecutive month, with the Nasdaq doing the worst. International markets also pulled back, and fixed...

Market Update—Week of October 30, 2023 Presented by Axial Financial Group Quick Hits Report releases: A rise in personal consumption fueled better-than-expected third-quarter growth. Financial market data: Investors take a risk-off approach as long-term rates remain...

  Presented by Axial Financial Group When you’re starting a business, a family, or any other major life endeavor, you try to think of every risk so you can plan a strategy to put yourself on a path to success. Unfortunately, hardships aren’t always predictable,...

Market Update—Week of October 23, 2023 Presented by Axial Financial Group Quick Hits Report releases: Retail sales increased more than expected in September.2. Financial market data: Tesla and Netflix saw mixed earnings results last week.3. Looking ahead: This week’s...

By Sean Williams – Oct 14, 2023     KEY POINTS The Social Security Administration announced a plethora of changes for the upcoming year. The most-anticipated announcement is an above-average cost-of-living adjustment (COLA) for 2024. The rich will have to...

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...