Quoted from The Wall Street Journal: Oct. 13, 2022 Earlier Thursday, new data from the Labor Department showed that a reading of U.S. consumer inflation excluding volatile energy and food prices accelerated to a new four-decade high. The so-called core measure of the consumer-price index gained 6.6% in September from a year earlier, the biggest …
Quoted from Barron’s: There has been a sea of red in municipal bonds, down 11.6% this year, on average. Investors have fled. Muni funds had net outflows of $77.6 billion through August this year, compared with a net inflow of $85.6 billion over the same period a year earlier, according to Morningstar. “The selloff has been …
Barron’s: Bond Yields Are Finally Looking Attractive. What to Buy Now. Read More »
Quoted from Reuters: Data showed new orders for U.S.-manufactured goods increased more than expected in May, showing demand for products remains strong even as the Fed seeks to cool the economy. Separately, business growth across the euro zone slowed further in June and European natural gas prices surged again, reigniting worries of a recession in …
Reuters: US STOCKS-S&P 500, Dow slip as recession fears mount Read More »
Quoted from THE NEW YORK TIMES: Stocks are dropping now because companies and consumers face rising costs nearly everywhere they turn and investors fear that the Fed will clobber the economy as it tries to get inflation under control. The central bank has already raised interest rates twice this year, and Wall Street is bracing for interest …
The New York Times: Bear Market Sends Grim Signal Of Economic Fears Read More »
Quoted from InvestmentNews: “Like back then, the Fed told you this was coming 1,000 yards away. Frankly, the only surprise in all this is that people seem to be surprised about the market’s reaction. And as the Fed exits the market, we will go back to picking stocks based on hard value, true value.” Dan …
Should investors return to playbook that worked in the ’70s? Read More »
Quoted from The Wall Street Journal: Stocks have come under pressure due to concerns about the Fed’s pullback of easy monetary policies as it combats the recent bout of high inflation. Consumer prices rose in April at a slower pace than the previous month, but still faster than economists had expected, data released Wednesday showed. That fueled more worries …
The Wall Street Journal – Dow Falls as Inflation Worries Weigh on Markets Read More »
Quoted from Kiplinger: The principal attraction of muni bonds, which are issued by state and local governments in the U.S., is that interest income is free from federal taxes – and for bonds issued in your state of residence, free from state and local taxes as well. Interest rates tend to follow movements in the …
Kiplinger – 37 Ways to Earn Up to 9% Yields on Your Money Read More »
Quoted from AARP: 2021 was a banner year for most financial assets. The S&P 500 stock index, a broad measure of the U.S. stock market and a core holding in many brokerage accounts and 401(k) plans, rose nearly 27 percent last year. Many individual stocks, such as COVID-19 vaccine maker Moderna (+143 percent) and automaker …
AARP – How to Calculate Capital Gains and Losses on Your Tax Return Read More »
Quoted from The Wall Street Journal: “The level of forgiveness has gone down,” said Daniel Genter, chief executive and chief investment officer at RNC Genter Capital Management. “When boards come to their shareholders to confess their sins, they’re just not going to be pardoned with one Hail Mary.” Meta, PayPal and Spotify entered 2022 at …
Quoted from the LA Business Journal: RNC Genter Capital Management oversees investment portfolios for high-net-worth individuals and families, banks, foundations, endowments and mutual funds. As of October, the company had $5.8 billion in assets under management and about 10,700 clients. Daniel Genter, president and chief executive of RNC Genter, is a frequent guest on CNBC’s …
LA Business Journal: Money Managers – Hard to Top Read More »
