CURRENT STATE OF THE MARKET (NEW)
Weekly Market Commentary 08.30.2021
Fed Chair Signals Reduction in Bond-Buying Program; S&P 500 Reaches Another All-Time High
Published by The Carson Group, LLC
Federal Reserve Chair Jerome Powell joined the chorus of Fed officials signaling the U.S. central bank would reduce its bond-buying program designed to keep long-term interest rates low and sustain the economy during the pandemic. After two strong jobs reports and generally positive economic news, Fed officials seem ready to reduce bond purchases later this year…
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GROWING MARKET RISKS WEIGH ON INVESTORS (NEW)
Growing Market Risks Weigh on Investors
Cetera Investment Management Article Provided by Taylor Financial Group
Throughout most of 2021, U.S. equities have climbed the proverbial “wall of worry,” ignoring increasing risks and instead of fixating on strong economic and earnings news, propelling the S&P 500 to 49 record closing highs since the start of the year. The combination of U.S. GDP now above pre-pandemic levels and an impressive second-quarter earnings season that saw corporate profits jump over 90% from year-ago levels have helped the S&P 500 double its price level off of 2020 pandemic-lows and return over 17% this year…..
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ARE YOU WORRIED ABOUT INFLATION? (NEW)
So, what is inflation and what can cause it?
Inflation is defined as a measure of the rate of rising prices of goods and services in an economy. Inflation can occur when prices rise due to increases in production costs, such as raw materials.
If you know anyone that is building a home right now, they can tell you the cost of everything has risen quite a bit recently. Also, a rise in demand for products and services can cause inflation as consumers are coming out of quarantine and are willing to spend.
The question is whether inflation is transitory or permanent, and what effect it will have on the economy. Only time will tell.
SEPTEMBER IS HEALTH INSURANCE MONTH (NEW)
Building Health Care Costs into Retirement Planning
Article Provided by Taylor Financial Group, LLC
Health care costs are rapidly emerging as a major expense item both before and during retirement. With lifetime employment a relic of the past and longevity on the rise, it’s more important than ever to estimate how much to save to cover costs in retirement and include those expenses in your financial plan….
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What Issues Should I Consider When Reviewing My Health and Life Insurance Policies
Checklist Provided by Taylor Financial Group, LLC
If you are retired and on Medicare, you should review your situation each year to see if you need to make any changes during the annual enrollment period. You also need to ensure that you either have creditable drug coverage or that you select a Part D option in order to avoid lifetime penalties…..
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RESERVE YOUR DIGITAL FRONT ROW SEAT WITH HEROES OF 9/11! (NEW)
Thursday, September 9th at 2:00 PM EST
We are living in a pivotal moment of American history, and there’s one word that best sums up our hope and optimism: resiliency.
It’s in this spirit that I’d like to invite you and your family to join me IN THE ROOM with Heroes of 9/11 for a 20th-anniversary celebration honoring some of the most resilient people of our lifetime.
As America marks the anniversary of September 11, we will revisit the day through the lens of those whose lives were forever changed by its events:
- Alison Crowther: Mother of Welles Crowther, a man who made the ultimate selfless sacrifice at Ground Zero
- Lieutenant Colonel Robert Darling: A pilot defending the presidential succession
- Daniel Rodriguez: An NYPD officer whose voice brought a sense of calm amid chaos and catastrophe
Join us for these incredible personal stories of strength. During the event, Cetera’s Chief Investment Officer Gene Goldman will also explore the importance of resiliency when living through uncertain times.
COVID-19 HEALTH AND WELLNESS (NEW)
Should Covid-19 Vaccines be Mandatory?
The Economist Video provided by Taylor Financial Group, LLC
In 1853 the British government passed the world’s first mandatory vaccination law. By the age of three months, all children were required to be inoculated against smallpox. Many got jabs because of this, but it also sparked significant anti-vax sentiment. As cases of covid-19 rise and vaccine uptake slows, especially in America, governments around the world are discussing whether to do the same with covid-19 vaccines. Is this a good idea? Our experts discuss….
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