Market Conditions
This image provides the overall, equity market conditions based on _____________ for March 26, 2021.
Update from White Oak
The IRS has announced that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. In addition, Individual tax payers can postpone federal income tax payments for the 2020 tax year until May 17 without penalties and interest. This [...]
IRS Deadline Changes
Yesterday, the Treasury Department & IRS extended the federal tax filing deadline for individuals to May 17, 2021. Here is a link to the complete details: https://www.irs.gov/newsroom/tax-day-for-individuals-extended-to-may-17-treasury-irs-extend-filing-and-payment-deadline There are three important caveats to this news that clients need to be aware of and work with your CPAs to ensure compliance. The IRS extension has no [...]
Market Conditions
This image provides the overall, equity market conditions based on point and figure indicators for March 11, 2021.
Where Do We Stand Today?
Global markets experienced yet another exceptionally volatile week as bond rates continued to move higher, although Friday's session proved to be a positive one for major indexes. Since reaching an all-time high on February 16, the S&P 500 (SPX) Index posted a negative return of -2.31% (through 3/5), while the Nasdaq Composite (NASD) fell -8% [...]
So Now What?
Between the end of last year and mid-February, the market hit a series of all-time highs. Even with optimism over the prospects for enough vaccine for all Americans by June, the mood of the market seems to have dimmed over the last few weeks. Does this shift suggest we have seen the highs for the [...]