Markets ended positive for the week as energy and technology shares rallied and trade war tensions eased on all sides. These developments paired with earnings reports showing continued strength across all sectors drove stock markets higher. The S&P 500 rose 2.0% last week. The global MSCI ACWI climbed 1.6%. The Bloomberg BarCap Aggregate Bond Index dipped 0.2% as inflation risk and the odds of additional rate hikes increased.
The Tax Cuts and Jobs Act passed on December 22, 2017 was the biggest rewrite of the tax code since 1986 and made sweeping changes to the individual and corporate tax system. While most taxpayers will benefit from the reduced tax rates and increased standard deductions, others may find they can no longer take advantage of certain itemized deductions on their 2018 tax return.
Markets reversed the prior week’s selloff to end the quarter on a positive note. The S&P 500 rose 2.1% last week. The global MSCI ACWI climbed 1.3%, and the Bloomberg BarCap Aggregate Bond Index gained 0.5%. In spite of the positive week, all three indices finished lower in the first quarter. The S&P 500 eased 1.2% lower. The MSCI ACWI dropped 1.4%, and the Aggregate Bond Index fell 1.5%.
Most people plan to leave the workforce at some point in their life. While some have a desire to maintain a sense of purpose by working well into their seventies, we more often find ourselves helping people plan for an earlier departure. Achieving financial freedom, or the ability to work because one wants to and not because one needs to, takes time and thoughtful retirement planning. Read more
A sharp selloff in the last part of the week caused the S&P 500 to post its worst weekly loss since early 2016. The S&P 500 dropped just less than 6%. The global MSCI ACWI slid 4.4%, and the Bloomberg BarCap Aggregate Bond Index was basically unchanged. Year-to-date, the S&P 500 is down 3.2%.
Stock markets returned to their winning ways last week after falling the previous week. The S&P 500 soared 3.5%. The global MSCI ACWI rose 2.8%, and the Bloomberg BarCap Aggregate Bond Index edged 0.1% lower. The moves higher in the S&P 500 and MSCI ACWI were both large enough to overcome last week’s losses. Read more