In the waning hours of 2022, Congress passed a $1.7 trillion omnibus spending bill. The Consolidated Appropriations Act of 2023 was introduced December 20th and just before Christmas this legislation was rushed through the senate and house of representatives, and finally signed into law by President Biden. Inserted into the legislation was a host of […]
The rising cost of goods and services has many folks concerned, and some folks down right panicked. Historic inflation is making headlines and rightly so. As this article is being penned, inflation is at a 41-year high. May 2022 year over year inflation was 8.6%, and Core CPI which excludes volatile food and energy costs […]
Year over year inflation was 10.32%. The Federal Reserve hiked interest rates to over 19%. A 3-month CD was yielding 18.3%, and mortgage rates topped 16%. The year was 1981. Fast forward 42 years. Year over year inflation in the US has topped 8% as of March 2022. Will it reach 1981 levels? Who knows […]
We started the 1st quarter 2022 after a strong 4th quarter 2021. The S&P500, DJIA and NASDAQ all finished the year at or near all-time highs. The market was unable to build on the December gains, and we hit some turbulence starting about the second week of January. We had not experienced a full 10% […]
September is historically the worst month of the year for stocks, and it proved it in a big way this time. The S&P500 finished September with a loss of 4.8% but squeaked out a gain of .2% for the 3rd quarter 2021. It was widely anticipated that some profit taking was likely near as the […]
Every workday I spend 30 minutes reading. This habit developed about 5 years ago after I was introduced to the world of personal development by my good friend Kevin. He’s been a big influence on my life, usually leading me to be a better person by example. I try to read books about topics that […]
