Market Update 7.5.2022
"Once you eliminate the impossible, whatever remains, no matter how improbable, must be the truth." Sir Arthur Conan Doyle
To Everything - Turn, Turn, Turn
Consumers are responding to higher inflation, higher gas prices, and higher interest rates with shifts in behavior. A recent survey by Provident Bank showed that 83% of respondents slashed personal spending due to soaring prices of food and gasoline.
Roth Conversions: What You Need to Know
While you may have chosen to save using a traditional IRA, you do have the option to switch to tax-free retirement income. Who should consider a Roth conversion, and who should stay away? We've got your biggest questions answered.
Short But Positive Week on the Street
For the first time in four weeks, equites finished higher in a short 4‐day trading week. The Dow was up 4.48% last week, while the S&P 500 gained 5.02%, the Nasdaq was up 5.17%, while the Russell 2000 added 4.45%.
Federal Reserve Sends Mixed Messages - Market Recap
Despite two positive trading days last week, equities responded to rising inflation and a Fed rate hike with another down week. The Fed finally announced their June rate hike.
The Night Is Darkest Just Before The Dawn
Recession appears to be on the horizon and like a rogue car in oncoming traffic, the average person doesn't see it coming - or do they?