The stock market faced some selling pressure during the second full week of January, but not before the Dow and Nasdaq reached fresh record highs. The two indices surrendered a respective 0.9% and 1.5% for the week while the S&P 500 also lost 1.5%. Small caps outperformed notably, allowing the Russell 2000 (+1.5%) to finish the week with a gain. Continue reading
As part of our commitment to providing the highest level of service to our clients, we’ve added a new financial advisor to our growing firm – Rachel Buckhoff. Please join us in welcoming Rachel to the Financial Synergies Team! Continue reading
The year 2020 proved to be one of the most tumultuous in modern history, marked by countless developments that were historically unprecedented. But the year also demonstrated the resilience of people, institutions, and financial markets. Continue reading
Well, Happy New Year! I hope it was a good one for all of you. Santa Claus definitely showed up, as the new year kicked off with huge gains across the board. Continue reading
To say that 2020 was a crazy year in the markets is an understatement. We saw the quickest and deepest bear market decline in history, a global pandemic, trillions of dollars of global stimulus, the highest volatility (VIX) on record, negative oil prices, election chaos, and the fastest recovery from a bear market ever. And I’m damn glad it’s over. Continue reading
It’s that time of year again – you’ve probably heard a slew of catchy Wall Street sayings like, “Remember to Buy in November,” “the January Effect,” etc. And, of course, “The Santa Claus Rally.” This one’s been around forever and hopefully it comes through for us as we close out 2020 and head into 2021. I think we’ll all be glad to see 2020 in the rearview mirror for many reasons! Continue reading
Ok, so maybe “mania” is an exaggeration, but there certainly is a renewed interest and hype around Bitcoin these days. Maybe that’s because it’s up over 200% in 2020 and has now surpassed its high from three years ago (currently more than $21,000). Continue reading
The U.S. is beginning to roll out the first doses of the COVID-19 vaccine this week just days after it was approved by the FDA. This vaccine, produced by Pfizer, could soon be joined by ones developed by Moderna and others. Government officials estimate that 100 million Americans could be vaccinated by the early months of 2021, or about one-third of the country. Continue reading
Nearly a year after the pandemic began, the continued rise of COVID-19 cases around the country is prompting many cities and states to enforce new restrictions. Just as they have since the first set of lockdowns, these measures will likely have a disproportionate effect on retail, dining, hospitality, and similar industries. Continue reading
Each of the major indices set all-time highs this week, powered higher by growth stocks and value stocks alike. The Nasdaq Composite claimed the winning spot with a 2.1% gain and was followed by the Russell 2000 (+2.0%), S&P 500 (+1.7%), and Dow Jones Industrial Average (+1.0%). Continue reading