November was a great one for long-term investors in U.S. stocks—essentially the polar opposite of October.
Happy Thanksgiving
No matter what you plan on gobbling this Thanksgiving we hope you and your loved ones have a wonderful holiday. As a reminder, our office in Warwick RI will be closed on Thursday November 23 and Friday November 24 to allow our team members time with their families and friends. We will resume our normal schedule on Monday 27.
Monthly Economic Update: November
Yes, the seasonal pattern for U.S. equities is strong at this time of year!
Historically, November and December are a strong time of year for U.S. equities. After October’s dismal showing for U.S. stock indexes, market watchers are debating the opportunities in stocks for the remainder of the year.
The Weekly Economic Update
In this week’s recap: Corporate earnings versus geopolitics and inflation
3rd Quarter of 2023 Economic Review
Overall, stock market bulls were on the retreat during the third quarter of 2023 as several major stock indexes traded lower in response to rising interest rates and a strong dollar.
In fact, after three consecutive positive quarters for the S&P 500, the large-cap index found some sellers in the third quarter.
Monthly Economic Update: October
Major U.S. stock indexes declined in September, with rising bond yields and a looming government shutdown serving as catalysts. More on that in a minute.
Coffee Talk: Advice by the Numbers
Helping your participants plan for the future is more crucial than ever.
What to Know: New 529 to Roth IRA Transfer in 2024
The good news is there is a logistical workaround worth considering. Rather than changing the beneficiary of an account, simply request a rollover of funds to the other child’s existing 529 account. This leaves the original account (and its 15-year lifespan) intact and allows for future transfers between siblings if warranted. Keep in mind you can only do this once every 12 months.