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...
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Weekly Market Update, June 26, 2023
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...
Weekly Market Update, June 20, 2023
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...
Weekly Market Update, June 12, 2023
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)
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...
Looking Back at the Markets in May and Ahead to June 2023
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, 2023
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...
Decoding the Debt Ceiling Crisis: An Update
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, April 10, 2023
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....
Axial Burlington is Moving!
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, April 3, 2023
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...
What Is a Spousal IRA and How Does It Work?
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, March 27, 2023
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
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, March 20, 2023
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:...
Are Bank Failures Signaling a Rerun of the Great Financial Crisis?
Are Bank Failures Signaling a Rerun of the Great Financial Crisis? Posted by Brad McMillan, CFA, CAIA, MAI, Mar 13, 2023 12:04:10 PM Starting last Friday and extending over the weekend, we saw two very large bank failures: Silicon Valley Bank (SVB) and...
Weekly Market Update, March 6, 2023
Weekly Market Update, March 6, 2023 Presented by Axial Financial Group General Market News This month marks one year since the Federal Open Market Committee (FOMC) began its unprecedented rate hiking journey and, although the grip...
Weekly Market Update, February 27, 2023
Weekly Market Update, February 27, 2023 Presented by Axial Financial Group General Market News The minutes from the February Federal Open Market Committee (FOMC) meeting were released last week and...
Inflation Report: Nothing to See Here?
Inflation Report: Nothing to See Here? Posted by Brad McMillan, CFA, CAIA, MAI, Feb 14, 2023 For all the hype around today’s inflation data and what it might mean for markets and the economy, the truth is simply this: not much news here. Breaking Down the Numbers...
2023 Tax Filing Season Has Begun. Here Are the Deadlines You Need to Know
2023 Tax Filing Season Has Begun. Here Are the Deadlines You Need to Know: The IRS expects to receive more than 168 million individual tax returns this filing season. Dan Avery, Jan. 24, 2023 10:00 a.m. PT The IRS began accepting tax returns on Monday, so it's...
What You Need To Know About SECURE 2.0
What You Need To Know About SECURE 2.0 Danielle Seurkamp, Contributor, Forbes **(SECURE Act 2.0 was signed into law on December 29, 2022)** The Consolidated Appropriations Act of 2023, commonly referred to a SECURE 2.0, is headed to President Biden for signature....
Weekly Market Update, January 17, 2023
Weekly Market Update, January 17, 2023 Presented by Axial Financial Group General Market News The future path of interest rates is uncertain for 2023, but the average Bloomberg surveyed economist...
Weekly Market Update, January 9, 2023
Weekly Market Update, January 9, 2023 Presented by Axial Financial Group General Market News The Federal Reserve (Fed) may feel that it has been receiving mixed signals recently as the labor market continues to show signs of tightness...
Market Thoughts for January 2023 [Video]
Market Thoughts for January 2023 [Video] Posted by Brad McMillan, CFA, CAIA, MAI This entry was posted on January 4, 2023 December closed out a tough year for markets. The U.S. indices showed single-digit declines for the month, capping off drops for the year...
Weekly Market Update, January 3, 2023
Weekly Market Update, January 3, 2023 Presented by Axial Financial Group General Market News The Federal Reserve (Fed)'s policy rate rang in the new year at a level of 4.5 percent. This came after an historic increase of 4.25 percent...