If you are already thinking of Thanksgiving dinner while still munching on leftover Halloween candy, you’re not alone. According to the U.S. Department of Agriculture, more than 46 million turkeys are consumed on Thanksgiving day. But it isn’t just about the turkey, stuffing, and pumpkin pie. Officially established in 1863 by Abraham Lincoln, Thanksgiving is, above all, a day for gratitude and thankfulness.
Over the past decade, October has been among the best-performing months of the year. However, this October, equities markets had their worst performance in years, and the market malaise of the past few months continued.
While global equity markets are still up for the year, the recent downturn has some wondering if the bull market of the first half was actually a bear market rally in disguise or if it simply ran out of steam due to recent mixed earnings results, surging Treasury yields, geopolitical tensions, and uncertainty surrounding the Federal Reserve’s future rate trajectory.
For more details, see the October Market Commentary below.
Articles of Interest
Perspective and insights on markets, headlines, and the economy.
Investors may be tempted to abandon equities when there’s a heightened risk of recession. However, research has shown that stock prices incorporate these expectations and generally fall in value before a recession even begins.
Although a Roth conversion can be an effective tax planning strategy, there are a few things to keep in mind as you weigh whether to take the plunge and decide how much money you should convert in a given year.
As retirees underestimate their longevity, as well as stock market volatility, the probability that they’ll outlast their savings will keep dropping. Proper adjustments need to be made now before irreparable damage is made.
Persistent inflation and high-interest rates continue to drive up costs and negatively affect charities. As a result, using an efficient, tax-smart approach to maximize the impact of your charitable giving has never been more important. Here are 12 ways to increase your giving power AND be tax-smart.
Many U.S. cities host vibrant Thanksgiving parades, with musicians, performers, giant balloons, and other entertainers marching, walking, and sometimes floating by. Parades in Charlotte, Chicago, Detroit, Houston, New York City, Philadelphia, and Seattle draw thousands of spectators each year.
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