While many professions now have “Summer Fridays” and people take a majority of their allotted time off, economic data, “fed speak” and market moving news has been plentiful this last month.
Download Investment Commentary for Summer of 2022.
Today, the Federal Reserve announced a 0.75% interest rate hike, moving quicker and more aggressively than previously anticipated to combat inflation.
Investing is really about patience and mitigating risk. This risk of missing out on good returns over a lifetime far outweighs the painful periods of bad returns we inevitably will experience – like this year so far.
Withum Wealth Management hosted a fireside chat with guest Dr. David Kelly, Chief Global Strategist and Head of the Global Market Insights Strategy Team for J.P. Morgan. We discussed global economic trends as well as the current geopolitical conflicts and how they impact markets and investors.
Download Investment Commentary for Spring of 2022.
Filling up my SUV with gas over the weekend – the pump stopped at $100.00. While this transaction was done, I was not. I replaced the nozzle, drew another credit card from my wallet and started phase two of refueling, which was a much more palatable $27.12*. As I recall, when I first got my driver’s license, I could get lunch and fill up my tank with a $20 bill. Thinking to myself – how can a young person now afford to get gas? One tank today would have cost me an entire paycheck at my part time job during high school. Then again, I was making $4 an hour back then. I might be showing my age.
If you are filing taxes this year, you may want to familiarize yourself with I Bonds. Yes, that’s probably everyone but hopefully we have your attention for the next two minutes.
Overnight, Russian President Vladimir Putin announced a military operation in Ukraine. The assault began before dawn with a series of missile attacks in different locations including some near the capital city Kyiv and forces attacked from three different sides.