Market Commentary: U.S. Adds 528,000 New Jobs and Unemployment Reaches Pre-Pandemic Low
The U.S. job market didn’t get the message it was supposed to slow down. The establishment survey estimated 528,000 new jobs were created last month. Every employment sector experienced growth, although services and government hiring accounted for 87% of new jobs.
Paying for Health Care in Retirement
By Ryan Yamada, Senior Wealth Planner When putting away for retirement, we often dream about all the things we’ll be able to do with that money – traveling, going out to eat, maybe trying new hobbies.
Market Commentary: As Anticipated, Fed Announces Another 0.75% Rate Hike
Last week was a big one for monetary policy and economic data. The Federal Reserve raised interest rates 0.75%, with unanimous agreement that higher rates were required to bring inflation under control. In his press conference, Fed Chair Jerome Powell announced the Fed was becoming more dat …
Quarterly Market Outlook: What Lies Ahead for the Third Quarter of 2022?
By Scott Kubie, Senior Investment Strategist The first half of the year proved challenging for even the most hardened of investors. High inflation. Continual losses in the S&P 500. Bear market. Fed rate hikes. It all added up to the third most volatile market in 25 years.
Market Commentary: European Central Bank Joins Fight Against Inflation, Raises Rates 0.5%
Central banks are playing the leading role in today’s markets. Last week, the European Central Bank raised interest rates 0.5%, pulling the deposit facility rate to 0%. It is the first interest rate increase in 11 years and the first time the rate hasn’t been negative in eight years. Japan’ …
Q3 2022 Quarterly Market Outlook
Watch this webinar hosted by Carson’s Scott Kubie, Senior Investment Strategist, and Patrick Sittner, Portfolio Strategist, as they dive into the quarterly market outlook.
Market Commentary: U.S. Consumers Still Strong Amid Inflation; Fed Remains Hawkish
The Consumer Price Index (CPI) leapt 1.3% in June, following a 1.0% increase in May. The measure of inflation has risen 9.1% in the last year and reached its highest level since 1981 (Figure 1). Energy prices have been the top contributor in the last 12 months, responsible for 3.0% of the 9 …
Quarterly Market Outlook Highlights: Q3 2022
Carson Partners’ Scott Kubie shares key events we saw in the past quarter and how we think they’ll affect markets in the upcoming quarter. Contact us to speak with a financial advisor.
Beneficiaries
Trillions of dollars will soon transfer from the Silent Generation and baby boomers to their adult children in what financial experts are calling “The Great Wealth Transfer.” Are you one of the people expecting an inheritance in this historic transfer of wealth? Have you thought about the i …
5 Books Wise Counsel is Loving Right Now – Part 2
By Your Wise Counsel Team The team at Wise Counsel Wealth Management is back to share with you part 2 in our blog series on a few of our favorite book recommendations. Let your curiosity take you to a new book this year.