Three Things to Know & Watch

Three Things to Know & Watch

By Bill Hornbarger, Chief Investment Officer Three Things to Watch Plenty of opportunities this week to hear what the Fed is thinking. There are multiple Fed speakers on the docket highlighted by Fed Chairman Jerome Powell’s appearance on Tuesday (May 17)...

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Grin and Bear It

Grin and Bear It

By Pete Biebel, Senior Vice President Many stock market media outlets have recently described how the S&P 500 Index (SPX) narrowly missed entering a bear market at its low last week. Those claims are based on the misguided notion that, until prices...

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If You Don’t Like the Weather Now…

If You Don’t Like the Weather Now…

By Ben Norris, CFA, Securities Research Analyst, Associate Vice President A single word sums up the markets last week – wild. The busiest week of the 2nd quarter earnings season, several headline worthy employment figures released, and a Federal Reserve...

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Three Things to Know & Watch

Three Things to Know & Watch

By Bill Hornbarger, Chief Investment Officer Three Things to Watch In terms of economic data, inflation will be front and center this week with CPI released on Wednesday and PPI on Thursday. CPI is expected to ease slightly with the overall reading up...

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Fed Rate Hike Update May 4, 2022

Fed Rate Hike Update May 4, 2022

By Bill Hornbarger, Chief Investment Officer Bill Hornbarger, Chief Investment Officer - Benjamin F. Edwards, discusses the Fed Rate Hike announcement for May 4, 2022.

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Three Things to Know & Watch

Three Things to Know & Watch

By Bill Hornbarger, Chief Investment Officer Three Things to Watch This will be a busy week with the biggest focus on the two-day Federal Open Market Committee meeting. Futures are currently pricing a 50 basis points (bps) increase in the target Fed funds...

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Are We There Yet?

Are We There Yet?

By Pete Biebel, Senior Vice President I recently flew to California for a company event. Fortunately, I was able to get a non-stop flight. Unfortunately, that meant four hours with my only sustenance being a little bag of chips and a small cup of soda. As...

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Turbulent Markets as Fed Aims for Soft Landing

Turbulent Markets as Fed Aims for Soft Landing

By Jack Kraft, CFA, Advisor Directed Portfolio Analyst U.S. stocks tumbled lower in a volatile week of trading as investors digested key economic updates, earnings reports, and commentary from the Federal Reserve. The S&P 500 began the week on a...

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Three Things to Know & Watch

Three Things to Know & Watch

By Bill Hornbarger, Chief Investment Officer Three Things to Watch This is a big week for earnings reports with more than 160 S&P 500 members reporting, including the four largest U.S. companies by market cap, Apple, Microsoft, Amazon, and Alphabet....

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Tax Tip Tuesday: A Look Back at Our Tax Tips

Tax Tip Tuesday: A Look Back at Our Tax Tips

By Jeffrey R. Wolfe, Senior Vice President and Manager, Wealth Planning Strategies With tax season ending yesterday that doesn’t mean you need to forget about your tax situation. It’s time to look forward to the rest of this tax year to plan for your...

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Three Things to Know & Watch

Three Things to Know & Watch

By Bill Hornbarger, Chief Investment Officer Three Things to Watch Earnings season ramps up with seven Dow Jones Industrial Average constituents among the blue chip companies scheduled to report first-quarter earnings this week. Some of the big names that...

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Tax Tip Tuesday: Where’s My Refund?

Tax Tip Tuesday: Where’s My Refund?

By Theresa Cagle Fry, Senior Vice President and Manager of IRA's, Retirement & Education Planning If you have filed your tax return and are anxiously awaiting your income tax refund, the IRS (and most states) now have a variety of ways for you to...

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Calling an Audible

Calling an Audible

By Pete Biebel, Senior Vice President Through much of March, the stock market seemed to have come to grips with the prospect of higher interest rates. Many of the big-name tech stocks enjoyed big rallies out of oversold conditions even as interest rates...

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Three Things to Know & Watch

Three Things to Know & Watch

By Bill Hornbarger, Chief Investment Officer Three Things to Watch This week marks the beginning of first-quarter earnings season. Big banks and other financials lead off with JP Morgan, Wells Fargo, Morgan Stanley, Goldman Sachs, and BlackRock among...

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Plan for the Unexpected

When you think about financial planning, many think in terms of saving for college or retirement, or investing in the stock market. Sometimes, an overlooked consideration is planning for the unexpected, which can severely impact your ability to generate income and...

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Wages, Prices, Wages, Prices

Wages, Prices, Wages, Prices

By Ben Norris, CFA, Securities Research Analyst, Associate Vice President The first quarter of 2022 came to an end last week and stocks saw their worst performance since the beginning of the coronavirus pandemic. For the quarter, the S&P 500 (SPX) was...

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Three Things to Know & Watch

Three Things to Know & Watch

By Bill Hornbarger, Chief Investment Officer Three Things to Watch On Wednesday, the Federal Open Market Committee releases the minutes of its last Fed meeting when the Fed raised rates from the 0% lower bound. The minutes will be parsed for thoughts on...

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Tax Tip Tuesday: Higher Income Continues to Mean More Taxes

Tax Tip Tuesday: Higher Income Continues to Mean More Taxes

By Jeffrey R. Wolfe, Senior Vice President and Manager, Wealth Planning Strategies Tax rules have generally remained unchanged, which is a good thing given rates are historically low.  However, even though the tax rules haven’t changed that doesn’t mean...

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The Rebound Flounders

The Rebound Flounders

By Pete Biebel, Senior Vice President Last week, the major averages were angling to add to their recent gains to demonstrate that the prior week’s wahoo rally was no fluke. Although the gains for the week were relatively bleak, in light of the potential...

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Three Things to Know & Watch

Three Things to Know & Watch

By Bill Hornbarger, Chief Investment Officer Three Things to Watch OPEC+ will hold a virtual meeting this week and is expected to keep production unchanged despite oil prices trading at the highest level in more than a decade and concerns over the impact...

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Tax Tip Tuesday: SEP IRAs and Retirement Plan Reminders

Tax Tip Tuesday: SEP IRAs and Retirement Plan Reminders

By Ed O’Neal, Senior Vice President and Manager, Retirement Plans We’ve now gotten far enough into 2022 that many taxpayers have started to carefully assess their tax situation for the 2021 tax year. And for many business owners, this is the time of year...

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The Fed Hits the Brakes

The Fed Hits the Brakes

By Ben Norris, CFA, Securities Research Analyst, Associate Vice President Markets got back on track last week (following two weeks of negative returns), with stocks recording their best weekly performance since November of 2020. The S&P 500 (SPX)...

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Three Things to Know & Watch

Three Things to Know & Watch

By Bill Hornbarger, Chief Investment Officer Three things to watch The economic data this week is mostly second tier with readings on housing (new and pending home sales), and regional manufacturing surveys from the Richmond and Kansas City Fed. All are...

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Three Things to Know & Watch

Three Things to Know & Watch

By Bill Hornbarger, Chief Investment Officer Three Things to Watch The Federal Reserve meets this week and the rate decision will be announced Wednesday afternoon. Traders are almost positive that the Fed will raise rates 25 basis points, although futures...

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Under the Gun

Under the Gun

By Pete Biebel, Senior Vice President Both our stock market and our bond market misfired again last week. The worsening geopolitical situation put the caliber of our markets to the test. The blowback began early in the week as the price of a barrel of...

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Punishing Putin’s Pocketbook

Punishing Putin’s Pocketbook

By Ben Norris, CFA, Securities Research Analyst, Associate Vice President Since Russia moved to invade Ukraine on Feb. 24, reports have emerged that Russian president Vladimir Putin and Russian military leadership expected to take full control of the...

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Three Things to Know & Watch

Three Things to Know & Watch

By Bill Hornbarger, Chief Investment Officer Three Things to Watch The completely unpredictable effects of the Russian invasion of Ukraine, particularly on the commodity markets will be the major focus of the markets this week. Energy, grains, and metals...

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Market Perspective: Russia-Ukraine Investor Exposure

Market Perspective: Russia-Ukraine Investor Exposure

By Jack Kraft, CFA, Advisor Directed Portfolio Analyst Diversified portfolios allow investors to reap the benefits of having exposure to global financial markets. This allows investors to spread geopolitical risks across different parts of the world....

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Tax Tip Tuesday: Beware of Potential Tax Scams

Tax Tip Tuesday: Beware of Potential Tax Scams

By Jeffrey R. Wolfe, Senior Vice President and Manager, Wealth Planning Strategies The IRS continues to publish warnings for taxpayers about the multiple tax scams attempting to gain access to personal information, steal tax refunds or rip off...

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Three Things to Know & Watch

Three Things to Know & Watch

By Bill Hornbarger, Chief Investment Officer Three Things to Watch The economic calendar is busy with top-tier data releases. ISM is expected at 58 on Tuesday with the prices-paid component remaining elevated from last month. On Friday, the employment...

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Goodbye Yellow Brick Road

Goodbye Yellow Brick Road

By Pete Biebel, Senior Vice President Investing is a long-term journey. We all hope for fair weather and smooth roads, but we know that occasionally things can get a little stormy and the path can get a little bumpy. Two years ago, the Covid pandemic...

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Tax Tip Tuesday: Working With a Tax Preparer

Tax Tip Tuesday: Working With a Tax Preparer

By Chris Whiting, CFP®, Executive Vice President, Director of Sales and Marketing For many people, preparing and filing their tax return can be a time consuming and challenging process. On top of an already complex tax code, keeping up with various annual...

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Russia-Ukraine Conflict Pressures Equity Market

Russia-Ukraine Conflict Pressures Equity Market

By Jack Kraft, CFA, Advisor Directed Portfolio Analyst Last week, the U.S. equity markets finished lower as investor sentiment was dampened by geopolitical uncertainty in Eastern Europe. Choppy trading ensued for the week with the path of least resistance...

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Tax Tip Tuesday: When is the Best Time to File?

Tax Tip Tuesday: When is the Best Time to File?

By Edward “Ed” V. O’Neal, Senior Vice President and Manager, Retirement Plans Tax season brings with it a number of key decisions for taxpayers, so it’s important to be aware of important tax deductions and key tax credits. But perhaps one of the most...

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Inflation, Invasions, and Interest Rates

Inflation, Invasions, and Interest Rates

By Ben Norris, CFA, Securities Research Analyst, Associate Vice President Stocks finished lower once again last week with a strong wave of selling commencing on Friday afternoon. The White House continues to raise concerns about a potential invasion of...

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Three Things to Know & Watch

Three Things to Know & Watch

By Bill Hornbarger, Chief Investment Officer Three Things to Watch Multiple Fed speakers are on the docket this week. Chicago Federal Reserve Bank President Charles Evans, New York Federal Reserve Bank President John Williams, St. Louis Federal Reserve Bank President...

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Earnings – Reality vs. Perception

Earnings – Reality vs. Perception

By Ben Norris, CFA, Securities Research Analyst, Associate Vice President After a rough start to 2022, stocks were able to find their footing last week with each of the major U.S. indices notching gains. The S&P 500 (SPX) gained 1.57% last week while...

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Three Things to Know & Watch

Three Things to Know & Watch

By Bill Hornbarger, Chief Investment Officer Three Things to Watch After last week’s surprisingly strong jobs report, inflation will be the focus this week. CPI will be released on Thursday and overall CPI is expected to jump to 7.3% on a year-over-year basis with...

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Tax Tip Tuesday: Tax Season Arrives!

Tax Tip Tuesday: Tax Season Arrives!

By Jeffrey R. Wolfe, Senior Vice President and Manager, Wealth Planning Strategies While we continue to hope that COVID doesn’t become one of the “guarantees in life,” another lifetime guarantee – taxes – are in season. The good news is that while tax...

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Three Things to Know & Watch

Three Things to Know & Watch

By Bill Hornbarger, Chief Investment Officer Three Things to Watch Earnings season is in full swing. High-profile reports this week include Alphabet, Starbucks, Amazon and Ford. Through Friday, 169 S&P 500 constituents reported earnings. Of those, 128 posted...

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Split Decision

Split Decision

By Pete Biebel, Senior Vice President In the week following the Martin Luther King holiday, the stock market suffered body blows in each of the four sessions. The market was punch-drunk, and stocks were on the ropes when last week began. As the market...

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Rates Up, Stocks Down

Rates Up, Stocks Down

By Ben Norris, CFA, Securities Research Analyst, Associate Vice President Stocks had their worst week since the beginning of the Covid pandemic last week. The S&P 500 (SPX) finished the week down 5.67% and notched its third straight week of losses....

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Three Things to Know & Watch

Three Things to Know & Watch

By Bill Hornbarger, Chief Investment Officer Three Things to Watch There will be a large number of earnings reports this week, coming after the NASDAQ and S&P 500 suffered their worst weeks since March 2020. Some of the higher profile companies reporting this week...

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Three Things to Know & Watch

Three Things to Know & Watch

By Bill Hornbarger, Chief Investment Officer Three Things to Watch Despite the shortened week on Wall Street, the fourth-quarter earnings season heats up. High-profile companies reporting this week include Goldman Sachs, Netflix, Proctor & Gamble, and United...

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No Punch for You

No Punch for You

By Pete Biebel, Senior Vice President If there was a message in the first day of trading last week, it was that the market is not too concerned about the rising omicron numbers. The New Year began with a new high for both the Dow Jones Industrial Average...

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Three Things to Know & Watch

Three Things to Know & Watch

By Bill Hornbarger, Chief Investment Officer Three Things to Watch High-profile economic reports this week include a last look at 2021 inflation. December CPI and PPI will be released Wednesday and Thursday, respectively, and are expected to post the highest readings...

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Three Things to Know & Watch

Three Things to Know & Watch

By Bill Hornbarger, Chief Investment Officer Three Things to Watch The new year starts with a busy calendar. Top-tier economic releases this week include The ISM manufacturing survey for December, released on Tuesday and the employment report released on Friday. The...

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Year-End Financial To-Do: Last Call for 2021 RMDs

Year-End Financial To-Do: Last Call for 2021 RMDs

By Theresa Cagle Fry, Senior Vice President and Manager of IRAs, Retirement & Education Planning Another year is almost behind us. If you are like me, you have probably caught yourself saying, “I’ll take care of that after the holidays.” Well, we are...

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Three Things to Know & Watch

Three Things to Know & Watch

By Bill Hornbarger, Chief Investment Officer Three Things to Watch The so-called Santa Claus Rally is a seasonal pattern that has seen the stock market make gains the last week of the year and the first two trading days of the new year. Stocks have averaged a 1.4%...

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Year-End Financial To-Do: Take or Defer Gains and Deductions

Year-End Financial To-Do: Take or Defer Gains and Deductions

By Jeffrey R. Wolfe, Senior Vice President and Manager, Wealth Planning Strategies It’s nearing year end, and while you may be looking forward to a fabulous New Year’s celebration, remember the tax man comes calling next year as well! Accordingly, now is...

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Year-End Financial To-Do: Evaluate Roth IRA Conversion

Year-End Financial To-Do: Evaluate Roth IRA Conversion

By Theresa Cagle Fry, Senior Vice President, Manager of IRAs, Retirement & Education Planning If you have been considering a Roth conversion, there are only a few weeks left in the year for the conversion to count as a taxable transaction for 2021....

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‘Fed’ Up with Easy Money

‘Fed’ Up with Easy Money

By Ben Norris, CFA, Securities Research Analyst, Associate Vice President Two weeks ago, I wondered whether the emerging omicron variant would have any effect on the Federal Reserve’s monetary policy plans. Similarly, investors have spent the last few...

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Three Things to Know & Watch – Dec 20, 2021

Three Things to Know & Watch – Dec 20, 2021

By Bill Hornbarger, Chief Investment Officer Three Things to Watch This will be a shortened trading week. Friday is a holiday since Christmas falls on Saturday. Typically, Christmas Eve is a half day of trading for stocks. Trading is expected to be quiet. Economic...

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Year-End Financial To-Do: Remember Retirement Plan Deadlines

Year-End Financial To-Do: Remember Retirement Plan Deadlines

By Edward “Ed” V. O’Neal, Senior Vice President and Manager, Retirement Plans Most business owners are accustomed to the year-end being a hectic time, and those with employer-sponsored retirement plans have additional items they must be mindful of as we...

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Three Things to Know & Watch – Dec 13, 2021

Three Things to Know & Watch – Dec 13, 2021

By Bill Hornbarger, Chief Investment Officer Three Things to Watch The Federal Open Market Committee meeting on Wednesday sits front and center this week. Fed Chairman Jerome Powell has already indicated that the Fed might accelerate its pace of tapering and the...

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No Soup for You

No Soup for You

By Pete Biebel, Senior Vice President Following a couple of very lean weeks, the market woke up and chowed down last week. On Monday and Tuesday, the averages gobbled up points voraciously. The lessening of the Omicron variant as a threat spurred the...

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Year-End Financial To-Do: Check Your Withholding

Year-End Financial To-Do: Check Your Withholding

By Theresa Cagle Fry, Senior Vice President, Manager of IRAs, Retirement & Education Planning Nobody likes to have surprises when they file their income tax return. One easy way to estimate if you may be getting a refund or owe income taxes is to do a...

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Lions & Tigers & Bears, Omicron!

Lions & Tigers & Bears, Omicron!

By Ben Norris, CFA, Securities Research Analyst, Associate Vice President Investors channeled their best Dorothy from The Wizard of OZ last week and they dealt with uncertainty stemming from the emerging Omicron variant of COVID-19. When Dorothy arrives...

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Three Things to Know & Watch – Dec 12, 2021

Three Things to Know & Watch – Dec 12, 2021

By Bill Hornbarger, Chief Investment Officer Three Things to Watch The economic calendar is highlighted by November CPI on Friday. Overall inflation is expected to be up 6.7% year-over-year with core inflation (sans food and energy) climbing 4.9% from a year ago. If...

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Three Things to Know & Watch – Nov 29, 2021

Three Things to Know & Watch – Nov 29, 2021

By Bill Hornbarger, Chief Investment Officer Three Things to Watch Despite a full calendar of important economic news, the markets will focus on the new emerging coronavirus strain in South Africa. The news that it could be more transmissible and the uncertainty...

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Three Things to Know & Watch – Nov 22, 2021

Three Things to Know & Watch – Nov 22, 2021

By Bill Hornbarger, Chief Investment Officer Three Things to Watch The markets will be closed on Thursday and stocks will have a shortened session on Friday, closing at 1 pm ET. There are few earnings reports due out this week with both Zoom and Best Buy reporting....

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Handle With Care

Handle With Care

By Pete Biebel, Senior Vice President As the holiday season begins, with it comes the eager anticipation of many traditional seasonal events. From mundane tasks like hauling out the holiday decorations and napping through NFL games to more anxiety-filled...

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Year-End Financial To-Do: Take Your RMDs; Consider QCDs

Year-End Financial To-Do: Take Your RMDs; Consider QCDs

By Theresa Cagle Fry, Senior Vice President and Manager, IRAs, Retirement & Education Planning November is here and with that comes plans for holiday get-togethers with family and friends. It can also create a sense of urgency since there are only a...

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Investors Everywhere: “More Earnings, Less Inflation!”

Investors Everywhere: “More Earnings, Less Inflation!”

By Ben Norris, CFA, Securities Research Analyst, Associate Vice President Stocks finished mildly lower last week, dragged down by weak performance in the Consumer Discretionary, Energy, and Communication Services sectors. Stocks in the Materials and...

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Three Things to Know & Watch

Three Things to Know & Watch

By Bill Hornbarger, Chief Investment Officer Three Things to Watch The consumer, and in particular, consumer spending will be in the spotlight this week. On Tuesday retail sales for October will be released and they are expected to be strong, up 1.3% for the month,...

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It’s Flyin’ Time Again

It’s Flyin’ Time Again

By Pete Biebel, Senior Vice President Since the take-off from their lows in early-October, the market averages have been gaining altitude at a dizzying rate. Last week, the rate of climb steepened even further. A peek at the altimeter indicates that all...

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Three Things to Know & Watch

Three Things to Know & Watch

By Bill Hornbarger, Chief Investment Officer Three Things to Watch Both investors and policymakers will anxiously await this week’s inflation data. Producer prices (PPI) and consumer prices (CPI) are scheduled to be released Tuesday and Wednesday, respectively. PPI is...

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Halloween Can’t Spook the Equity Markets

Halloween Can’t Spook the Equity Markets

By Jack Kraft, Advisor Directed Portfolio Analyst Halloween season did very little to spook an ounce of fear into investors this October. Last week was filled with a flurry of corporate earnings reports, important economic data, and negotiations on...

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Three Things to Know & Watch

Three Things to Know & Watch

By Bill Hornbarger, Chief Investment Officer Three Things to Watch The FOMC meets this week and will be the focus of attention. The Fed is expected to announce the reduction of monthly purchases of Treasury and mortgage-backed securities this month. Market...

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Scary Financial Mistakes: Ignoring Incapacity Planning

Scary Financial Mistakes: Ignoring Incapacity Planning

By Jeffrey R. Wolfe, Senior Vice President, Manager of Wealth Planning Strategies As we continue our financial mistakes series, one of the scariest topics we can cover is incapacity. While preparing for incapacity is extremely important, it’s often...

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Three Things to Know & Watch

Three Things to Know & Watch

By Bill Hornbarger, Chief Investment Officer Three Things to Watch Approximately 30% of the S&P 500 members report earnings this week, led by tech giants such as Apple, Amazon, Alphabet, Facebook, and Microsoft. To date, earnings for the quarter are coming in well...

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A Couple Dashes of Seasoning

A Couple Dashes of Seasoning

By Pete Biebel, Senior Vice President Over the past couple months, you’ve probably heard a sprinkling of sage market analysts describing the seasonal tendency for the U.S. stock market to exhibit weakness in September and October followed by a rally into...

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Estate and Gift Tax Rules May Change Again!

Estate and Gift Tax Rules May Change Again!

By Jeffrey R. Wolfe, Senior Vice President, Manager of Wealth Planning Strategies As we wrap up Estate Planning Awareness Week for this year, there’s an elephant in the room among estate planners: the latest tax proposals from the Congressional Ways and...

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Estate Planning: Review Your Successor Appointments

Estate Planning: Review Your Successor Appointments

By Jeffrey R. Wolfe, Senior Vice President, Manager of Wealth Planning Strategies As National Estate Planning Awareness week continues, we are going to focus on successors. If your main planning document is a will, you have named a personal representative...

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No Taper Tantrums, This Bull Market is All Grown Up

No Taper Tantrums, This Bull Market is All Grown Up

By Ben Norris, Securities Research Analyst, Associate Vice President Third-quarter earnings season kicked off last week accompanied by a slew of economic and market data releases. Third-quarter earnings is off to a strong start relative to consensus...

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Kicking Off National Estate Planning Awareness Week

Kicking Off National Estate Planning Awareness Week

By Jeffrey R. Wolfe, Senior Vice President, Manager of Wealth Planning Strategies Once again, the National Association of Estate Planners and Councils is promoting Estate Planning Awareness week, starting today. The longstanding goal of the week is to...

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Three Things to Know  & Watch

Three Things to Know & Watch

By Bill Hornbarger, Chief Investment Officer Three Things to Watch Earnings season begins in earnest this week. In the early releases, companies are topping estimates by approximately 16% versus the long-term average of 4%. S&P 500 companies are expected to post...

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Three Things to Know & Watch

Three Things to Know & Watch

By Bill Hornbarger, Chief Investment Officer Three Things to Watch The third-quarter earnings season kicks off in earnest this week. Earnings are expected to grow approximately 28%, which would be the fifth consecutive quarter, the longest streak since 2005. Banks...

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