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.
Investors got a big lump of coal in their stockings this Christmas. For equity investors, the decline in prices that started the first week of October reached a crescendo on December 24th, when the Dow Jones Industrial Average suffered the worst Christmas Eve decline in its history, with the Average declining more than 1300 points (5.8%) and other equity measures following suit.
The stock markets had the worst December in 2018 since the Great Depression. Even so, the U.S. economy is showing its resiliency with unemployment at its lowest level in 49 years, wage growth reaching levels not seen since 2009, and consumer spending and industrial production remaining strong. Read our recap of the month of December's market and economic activity.
One method of getting income out of your portfolio is to invest in stocks that pay dividends. Benjamin C. Halliburton, Tradition's Chief Investment Officer, offered a couple of stock choices, Citigroup (C) and Qualcomm (QCOM), in the U.S. News & World Report article, "7 Great Dividend Choices for the New Year."