The upward momentum from late January didn’t carry into February. Stocks were down this week and Friday’s action tumbled the bull’s effort to keep the week to just modest losses. The dollar took a hit this Wednesday but traders were able to reverse its effect before heading into the close. However investors sold Friday withRead… Read more »
Stocks were up for the second week in a row after falling hard the first two weeks of the year. The early losses were greater than the recent gains this month so the stock indices saw significant losses for January but some of the damage was repaired by the recent oversold bounce. This week wasRead… Read more »
We saw some interesting action this four day week producing a potential bottom to these January woes. Nothing is certain but the bulls do have a little momentum on their side as we run into earnings season. Although the day ended in negative territory, Wednesday’s reversal gave buyers some confidence. The bulls followed up withRead… Read more »
We saw some life in buyers who put up a fight at Monday’s close as well as producing a couple of positive days Tuesday and Thursday. However the nature of this 2016 market continues and the sell-offs Wednesday and Friday took away those modest gains along with the hopes of investors who have stuck withRead… Read more »
2016 promises to be a year during which state and federal income taxes are not going to stay constant. If you are planning to retire during this year, then there are some tax traps for you to avoid.
HR 2146 is the name of the bill that was passed during summer of last year and it exempted some of the federal employees majorly the fire fighters, law enforcement officers, air traffic controllers and the customs and border protection officers to withdraw from their TSP accounts without having to bear with any penalty.
One week down, fifty one to go. Unfortunately is was an ugly week if you were in stocks. It’s not too much of a surprise to see big moves in the market the first week of the year. It seems we’re going to see another volatile year so weeks like this hold opportunity for theRead… Read more »
Stocks were during the last week of the year as investors took profits from the pre-Christmas gains, securing some cash going into the new year. Tuesday was the only positive day of the week, gapping up at the open and closing not far from the highs of the day, but these gains marked the endRead… Read more »
We saw the typical holiday positive action this week coming off last week’s lows. There was still some fight in the bears on Monday but with the season on their side the bulls took control the rest of the week. All the TSP stock funds were up more than 2% for the week while theRead… Read more »
Despite the big rally after the Fed rate hike on Wednesday, the declining price of oil took center stage on Thursday and investors quickly turned to selling. The selling continued over night, causing a gap down at Friday’s open, and closed at the lows putting the S&P 500 in negative territory for the week. TheRead… Read more »