1Q CORPORATE EARNINGS PREVIEW Financial results for the first quarter of 2021 kicked off this week with the banks leading the way as usual. Historically, stocks have reacted positively to earnings results when companies beat Street analyst expectations but last...
IT STARTED FAST AND THEN SLOWED DOWN The first quarter of 2021 started quickly as stocks continued the bull market following the fastest bear market in history which ended on March 23, 2020. The S&P 500 started the year at 3,736 and quickly reached 3,934 in...
JANUARY STARTS THE YEAR OFF WITH STRONG PERFORMANCE Following two months of sluggish growth and a general lack of good news, January numbers for spending, income, savings, and inflation couldn’t have been better. The Commerce Department reported that spending rose...
TAX CHANGES FOR 2021 The standard deduction for a married couple filing jointly is $25,100 plus $1,350 for each spouse that is age 65 or older. A single taxpayer has a standard deduction of $12,550, but if 65 or older it increases to $14,250. For those that use the...
FOURTH QUARTER UP 4%, NOW WHAT ABOUT 2021? The first look at the fourth quarter of 2020 showed Gross Domestic Product (GDP) up by 4%, which left a 3.5% decline in GDP for all of 2020. The fourth quarter was led by consumers as they spent more on services and, to a...
PROVISE BULLETS HAVE NEW NAME For the past 30 years, we have published the ProVise Bullets twice monthly for our clients and friends, giving our perspective on the economy, markets, taxes, and many other financial matters. Now it is time for a change. Beginning with...
Recent Comments