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Thought of the Week / August 13, 2020 Inflation is here, but is it here to stay? According to the Labor Department’s newest CPI numbers, released on Wednesday, consumer prices are up 5.4% from a year ago. We can see the signs of inflation clearly when we’re filling up our gas tanks, shopping for appliances or…
Thought of the Week / August 6, 2020 You have likely seen Robinhood Markets Inc (Robinhood) in the headlines a few times over the past few years. Robinhood is an American-based, online brokerage company with an investing app that offers commission-free trading. In January 2020, Robinhood was in hot water after it decided to hault…
Thought of the Week / July 30, 2021 Three tech giants, Apple, Microsoft and Google owner Alphabet, reported combined profits of more than $50 billion in the second quarter of 2021. An earnings announcement is an official public statement to show a company’s revenues and expenses for the period, which ultimately determines their profitability. The purpose of releasing earnings…
Thought of the Week / July 23, 2021 This has been a roller coaster of a week for the stock market. On Monday, the Dow Jones lost more than 700 points, which is the worst one-day decline in 2021. However, in just four days, the index has recovered and is now up approximately 1% for the week. The market plummet…
Thought of the Week / July 16, 2021 You may have heard of Peter Lynch, he managed the Fidelity Magellan fund from 1977-1990. During that time, he averaged an annual return of about 29% per year. It would seem if you were in this fund, you would have been feeling good and riding these highs; however, the average…
Thought of the Week / July 2, 2021 In the world of investing, you hear a lot about the “jobs report,” but why is it important? The jobs report, or employment report, refers to the report released monthly by the U.S. Bureau of Labor Statistics, which details the number of jobs created in the United States each…
Thought of the Week / June 25, 2021 Unemployment Holds Steady Despite Available Jobs The Department of Labor released its weekly report on new jobless claims yesterday, June 24th. Last week’s jobless claims totaled 411,000, which is a slight decline from the previous week, but worse than the expected estimate of 380,000. This unexpected unemployment number is especially…
Thought of the Week / June 18, 2021 Fed Moves Up First Rate Hike On June 16th, the Federal Reserve issued a press release following the conclusion of their 2-day meeting. They maintain the belief that the recent spike in inflation is the result of temporary factors. They stated that they remain committed to achieving maximum employment and…
Thought of the Week / June 10, 2021 May 2021 Market Recap: o SP 500 performance: 0.50%o Dow Jones Industrial Average: 1.90%o Nasdaq: -1.5%o iShares Core U.S. Aggregate Bond ETF: 0.20%Market Recap Source Events this Months: Federal Reserve Announcement – June 2The federal reserve announced on Wednesday that they are going to start selling part of their…
Thought of the Week / May 27, 2021 What is cryptocurrency? On May 23, Bitcoin was down more than 50% from it’s all-time high of $64,824 in mid-April and Dogecoin fell to 29 cents, down 60% from its peak earlier this month. Because of these all-time highs and lows, cryptocurrency has been in the headlines a lot. So what exactly…
