2023 stands in sharp contrast to 2022. In 2022, stocks and bonds declined by double digits. Investor sentiment suggested more of the same for 2023.
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On-The-Mark-December-2023_-Three-Surprises-in-2023-1
A basic guide to the potential tax implications (and advantages) of donating to charity
There’s financial incentive for Americans to give generously to charity: when you donate to an IRS-qualified 501(c)(3) public charity, including Fidelity Charitable, you are able to take an income tax charitable deduction.… Read More
Last week’s retail sales report surprised to the upside, with total retail sales increasing 0.3% m/m on a seasonallyadjusted basis in November. Excluding auto and gas, retail sales increased 0.6% m/m, up from 0.1% growth in October.
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weekly_market_recap-12-18-2023
This year, markets and the Federal Reserve have repeatedly danced the tango, with markets moving forward in anticipation of early interest rate cuts and then stepping back to realign with “Fedspeak” on inflation and the labor market. As the year draws to a close, the dance has resumed.… Read More
Despite a decline over the past few weeks, the 30-year fixed rate mortgage rate remains at nearly its highest level in 20years and more than double its level at the start of last year. However, it is important to distinguish between the impactof this rate surge on the housing market and on consumption.… Read More
As Americans gathered around the Thanksgiving table last week and recited what they were thankful for, market performance may have made the list, with 60/40 portfolios up 12% this year after a challenging 2022. The path hasn’t beensmooth, with a regional banking crisis, war in the Middle East and hawkish Fed policy all challenging markets.… Read More
It’s not even Thanksgiving yet, but the holiday spending rush has already begun. The National Retail Federation isforecasting holiday spending growth of 3-4% from 2022, totaling between $957.3-$966.6 billion.
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weekly_market_recap-11-20-2023
With almost 90% of market cap having reported, S&P 500 operating earnings are on track to finish 3Q23 +4.5% y/y.While results have fared well this quarter, we are beginning to see a slowdown on a sequential basis.
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weekly_market_recap-11-13-2023
In last Wednesday’s FOMC press conference, Fed Chair Powell acknowledged that wage inflation has “come downsignificantly” but suggested economic and labor market conditions likely need to come further into balance to bringinflation back to target. With this in mind, some may fear that continued labor market strength could stall furtherprogress on wage growth and inflation.… Read More
Entering 2023, many analysts had penciled in a mild U.S. recession by mid-year. However, strong incoming economicdata kept delaying the start date. Growth remained steady in the first half of the year, despite a hiccup in 1Q23 due tothe regional banking crisis, and, more recently, a combination of positive impulses boosted 3Q23 GDP growth to a realannualized rate of 4.9% – the fastest pace in two years.… Read More
2023 stands in sharp contrast to 2022. In 2022, stocks and bonds declined by double digits. Investor sentiment suggested more of the same for 2023.
Download Full-Size PDF:
Click Here
On-The-Mark-December-2023_-Three-Surprises-in-2023-1