Equities posted their best first two months of the year since 1991. Read our recap on the markets and economy for the month of February. Highlights include:
GDP expanded at a 2.65% annualized pace for the 4th quarter of 2018.
A recurring debate is once again about to emerge as a political challenge surrounding government debt continues. On February 9, 2018, the President signed a bill suspending the debt ceiling until March 1, 2019. On that date, the revised debt limit will be whatever total federal debt currently is. The debt ceiling on February 9, 2018 was $20.456 trillion.
Forbes.com has published an article written by Tradition's Benjamin C. Halliburton. Read "Low Bond Yields: How, Why And Where Are They Going?" on Forbes.com.
Equity markets experienced the best January in 30 years. Read our recap of January's market and economic activity. Highlights include:
Equity markets experienced the best January since 1989.
Rates head lower while the Fed holds steady.
The Federal Reserve is having its Hotel California moment.
The Fed began quantitative easing in 2008 with a balance sheet of $800 billion, growing to $4.5 trillion.
Even with quantitative tightening, the balance sheet will not be reduced back to normal levels below $1 trillion.
The Fed has paused on raising rates due to a slower economy in the 4th quarter.
While the economy has slowed dramatically from 2018, we still believe GDP will be up this year.
As people begin filing their taxes, they may discover they are due a large refund. Is it better to pay off debt or invest? Tradition's Frani Feit, CFP answers this question on NJ.com.
Gifting money to help a child pay off debts may trigger the federal gift tax. Tradition's Chip Wieczorek, CFP reviews the gift tax law on NJ.com.