The holiday season is a time filled with the spirit of giving. According to a study from Indiana University’s Center on Philanthropy, 24% of total donations are made in the small window between Thanksgiving and New Year’s Day. The annual surge in giving has led nonprofits to nickname this period as the “Giving Season.”
The strong rise in the stock market, led by big gains in the financials, energy, and industrials sectors, has dominated the news recently. Dubbed by some as the “Trump Rally,” widespread anticipation of less regulation, lower taxes, and pro-growth policies have pushed major stock indexes to record highs. While the most aggressive, risk-on investors have reaped the full scope of these gains, the effects on the retirement and brokerage accounts of the average investor have been more moderate. The reason why is simple.
There are a couple of recurring themes that have seemed to dominate the financial news in recent weeks: the rise of the major indexes to record highs in equities and the steep rise in treasury yields. Since growth and interest rate expectations factor into both moves, these two headlines may seem like two sides of the same coin; yet there is a major difference between the two.
Last month, corporations set an all-time record for the value of deals related to mergers and acquisitions, as we discussed here. Among the reasons for the new high, which beat out the previous record from January 2000 by over $50 billion, were the Continue reading “The Art of the Deal: Mergers & Acquisitions Edition”
This isn’t your father’s holiday shopping season. The gradual trend from brick-and-mortar shopping to online has brought unprecedented speed and convenience to the once overwhelming task of finding the perfect gift at the best possible price. Unfortunately, it has also brought out a new generation of thieves and con artists. Here are some simple steps that you can take to ensure you aren’t getting scammed this holiday season.
The core of the holiday shopping season is gradually spreading, moving from Black Friday to Cyber Monday and now even reversing to encroach on Thanksgiving, as more and more stores open their doors just as most Americans are finishing their turkey. This trend highlights how eager retailers are to cash in on the all-important holiday season; as a result, what exactly should investors make of the ensuing sales figures?
Following the election of Donald Trump last Tuesday, expectations for growth and inflation have risen, driven by promises of tax cuts and infrastructure spending. In return, mortgage rates have surged by about 0.25% since the election, according to Bankrate. When taken in context with recent moves in the capital markets and the expectations of a December Fed rate increase, it could easily be concluded that the proverbial switch has been flipped and that the mortgage market has just begun to break out of a prolonged period of low rates.
Veterans Day, originally known as Armistice Day, was designated by Woodrow Wilson in 1919 to commemorate the end of World War I and the service of our armed service members in that conflict. It is a day of reflection and giving back to the men and women who have given so much for this country. Thankfully, there are many ways that we can show our gratitude.