Stocks posted gains through the 2nd Quarter of 2023 but there was a clear distinction in performance between large-cap technology stocks—which are benefitting from investor interest in anything related to artificial intelligence (AI)—and the rest of the market. As a case in point, the biggest companies in the S&P 500—Apple,…
Stocks declined in the 2nd Quarter with the S&P 500 Index falling into a bear market in June. Aggressive monetary moves by the Federal Reserve to counter rising inflation stoked investor fears of a recession, even with consumer spending and company earnings remaining relatively strong. Bond yields rose on Fed…
A major rewrite of the U.S. tax code passed in Q4, bringing big changes for individual and business taxpayers. The fiscal stimulus from tax reform should provide a near-term boost to the U.S. economy, which is already humming along at a strengthening clip. U.S. stocks finished 2017 on a strong…