Stableford Market Commentary: October 2019

Financial Graph on cityscape bacground Stableford Market Commentary October 2019

The S&P 500 increased 2% during October as investors began to believe that the economy is beginning to re-accelerate. This move off the recent October lows was propelled by diminishing fears of recession and trade wars. Recent high frequency economic survey data has recently begun to turn upward, and the US – China trade war has moved toward (at least a temporary) détente.

Stableford Market Commentary: July 2019

Stableford Market Commentary July 2019 USA vs. China fists hitting

The S&P 500 increased 2.5% in July, but the real fireworks occurred after the Fed meeting July 31 through August 5. During that 4 day period the market was down 5.6%. Fixed Income had similar gyrations, with yields on the US 10 Yr Treasury falling 30 basis points from July 31 to 1.71% on August 5, after holding relatively stable for July

Stableford Capital Market Commentary: May 2019

Stableford Capital Market Commentary NY Stock Exchange Building

The S&P 500 fell 6.6% May, after topping out at an all-time high on April 30. It was up ~25% off the December 2018 lows, and 17% year to date at the high. In particular, the US economy and corporate earnings were beginning to slow. This became apparent during May as several economic indicators and economists’ models began to show the deceleration. As usual, the bond market was the first to sniff out the problem.

Tax Preparation: How will the Recent Tax Law Change Impact Your Business Tax Return?

Taxes and tax laws may seem like a moving target as we move into tax preparation season. Once you get them down and file accordingly, the laws change and you have to adjust your plan. And that will once again be the case with the recent Tax Cuts and Jobs Act (Sec. 199A), which is the first major tax reform in over 30 years.

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