Market Rebounds from January Sell-Off
The market began on a high note on the first trading day of the year with the Dow closing at an all-time high of 28,868 on January 2nd.
Coronavirus Puts Markets on Edge
The recent outbreak of the coronavirus in China has put global markets on edge. On Monday, January 27th the Dow dropped over 450 points due to concerns about the spread of the virus after media reporting all weekend.
The Stretch IRA is Dead
The SECURE Act, effective January 1, 2020, has ended the Stretch IRA for most adult non-spouse beneficiaries.
The Dow Closes Above 28,000
On Friday, November 15th the Dow closed above 28,000 for the very first time. This is the breakout we have been waiting for.
Recession? Yes or No
The word Recession hit the airwaves on August 14th and a stock market sell-off ensued. The Dow dropped 800 points (-3.05%) on that day.
Stock Market Regains May Losses
In June the stock market and the bond market rallied sending conflicting signals about the economy. It is unusual for these two markets to move in the same direction.