Markets continue to be volatile which, as we’ve discussed in the past, is Wall Street gibberish for ‘lower.’ The uncertainty surrounding inflation, the Fed and what may very well end up being a classically defined recession is weighing heavy on stocks. One of the...
Markets faced another round of heavy selling on Wednesday sparked by a dire report from retail giant Target (TGT) whose inflation hindered profits were cut in half as compared to the previous year. The news took the stock down nearly 25%, marking its largest...
It seems like eons ago we faced the terrible Covid market declines which saw the Dow fall from close to 30,000 to a low of 18,000 in a matter of 5 weeks. I vividly remember as day after day, markets gapped lower forcing circuit breaker halts in order to slow down the...
What does a financial advisor really do? I was asked this question recently by a high school student I was mentoring who was interested in going into this field. I of course answered it in an academic, complicated way in which I talked about planning and investments...
Poof, just like that the market seems to have shaken off the recent woes and stepped back from the abyss. In the last week, the S&P has bounced over 8% while the tech-heavy NASDAQ has moved 13% off the bottom. The initial move last Monday was sparked by peace...
I read about a study once that had a profound impact on me. A researcher, Curt Richter, was testing the resolve of rats and placed a few in a bucket of water with the task of swimming for as long as they could. Within 15 minutes each of the rates drowned. In the next...
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