Many advisory firms talk about their array of tools and resources. Every firm that is worth talking to
has them. The difference, however, is what the advisor does with them. Do they have the insight to use
them properly? How well do they apply them to help you? ACG’s insights may help provide a sense of
our ability to help you achieve success, as you define that term.
“Most kitchens have the same spices in the spice rack. That does not mean everyone is a good cook.”
– anonymous
In an ominous sign a recession is on the way, the U.S. Index of Leading Economic Indicators ticked down four-tenths of 1% in May, following a decline of four-tenths of 1% in April. The LEI has a history of rolling over definitively before every recession since 1950, except for the Covid-19 recession. Comprised of 10 indexes, the LEI is a reliable forward-looking indicator of the foreseeable future. The LEI was doing just fine until Ap..
A bear market in stocks just began and the newly released inflation figures showed that the Federal Reserve’s plan to slow inflation in May had failed...
Nearly half of professionals say the bear market would bottom after sustaining a loss of -25% -- a mere three percentage point loss from yesterday’s closing price. Another 34% of practitioners say the S&P 500 loss would bottom at a loss of 30% before a new bull market begins. The poll was conducted Tuesday, June 14 at 5 p.m. EDT, at a financial economics class attended by more than 200 professionals. More than half of the advisors att..
The inflation crisis of 2022 grew more fearsome with Friday’s release by the U.S. Bureau of Labor Statistics of a worse-than-expected consumer price index (CPI) report. For the 12 months through May 2022, CPI shot +8.6% higher, the highest rate since the inflation crisis of the late 1970s and early 1980s. Higher gas prices are the main factor. Meanwhile, other threats to U.S. economic growth linger, including the war in Ukraine, supply ch..
If you’re feeling stressed about inflation, the War in Ukraine, Covid-19 subvariants, you’re not alone. “Amid historic inflation spike and geopolitical strife, money and economic stress is mounting,” according to the latest results of a poll by the American Psychological Association (APA) and The Harris Poll. “These more recent findings were alarming,” according to APA. “Stress about money is the highest recorded since 2015.” &nbs..
The Federal Reserve hiked rates on May 4 by a half-point. It was the first half-point hike since May 2000. This summer, the Fed plans two more half-point rate hikes, on June 15 and July 27. So this could be a long, hot summer for investors. Reminiscent of the 1958 movie, “The Long, Hot Summer,” starring “newcomer” Paul Newman and Joanne Woodward, who were married for 50 years after making the movie, this summer of financial and economic n..
At age 65, only about 20% of American retirees have family and financial resources to cover high-intensity care for at least three years. About 30% cannot afford any help at all. The remaining half of older adults lie somewhere in between, depending on their marital status, education, and race. These are the grim conclusions of The Center for Retirement Research (CRR) at Boston College. CRR is part of a consortium of research groups funded by the..
The list of risks threatening investors seems longer than usual and perhaps more frightening than ever. Stock prices on May 20 were 19% lower than the all-time high on January 3rd, edging precariously close to bear market territory. And inflation is out of control; the last time the inflation was this high was 1981!..
Back from the brink of a bear market, the stock market snapped its seven-week losing streak. The Standard & Poor’s 500 index of blue-chip publicly-held U.S. companies gained +6.37% this past week. Just a week ago, the S&P 500 was down -19% and in the throes of the worst losing streak since 2001. However, according to consensus forecasts of economists, the U.S. is expected to grow by more than +2% in 2022. Newly released data on the Fede..
The list of risks threatening investors is unusually long. Stocks are at the edge of a bear market. Inflation last raged so high in 1981. The pandemic lingers as does the risk of bad subvariants. Supply chain problems remain a drag on consumer spending. Oil prices could spike higher still, as Russia’s pariah status compels Germany to impose a ban on imports of Russian oil and gas. This is a great moment to ask yourself: “What’s my pla..
The headlines are ugly. “Late Rally Lifts Stocks After S&P 500 Skims Bear Market,” according to WSJ.com’s top story after Wall Street closed today. “Markets End Down for 7th Straight Week, Despite Late Rally,” according to NYT.com. Stocks are at the edge of a bear market – defined as a loss of -20% from the last record-high closing price of the Standard & Poor’s 500 index (on Jan. 3). Not since 2001, The Wall Str..
After flirting with a -20% decline from its record high price, which would have placed it in bear market territory, the stock market, as measured by the Standard & Poor’s 500 index, has bounced back – for now. The drop in stock prices could resume, however. Inflation, Russia, and the pandemic are wild cards and any one of them could send stocks tumbling again. It’s a time of high financial anxiety. 2022 has been a bad year f..
This website uses cookies for navigation, content delivery and other functions. By using our website you agree that we can place cookies on your device. I understand
