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October 25, 2021
Equity markets surged higher last week as earnings season got off to a great start. Several large banks reported strong earnings, which helped push equity markets higher.
Once you’d gotten over the shock of taxes after receiving your first paycheck as a teenager, your first thought may have been to spend it all. It’s your money, right? Since you were still living under your parents’ roof and knew nothing of bills, this seemed like a good move. But, we can dig even deeper. How you think and feel about money should guide the direction of your financial strategy. In short, your goals and the steps to get there should reflect your desires.
After initially falling early in the week, equity markets crawled back into positive territory by the end of week despite a weaker than expected jobs report on Friday. The US economy added 194,000 jobs in September, which dropped the unemployment rate to 4.8%.
Retirement doesn’t look the same for everyone. Some people want to spend more in their younger years or on their families and live a humble life when they retire. Others are excited to take advantage of the time for travel, luxuries, or side businesses they didn’t have time for when they were working. How you want your retirement years to look like will determine which retirement strategy is right for you. The earlier you plan, the more options you’ll have.
After being relatively muted for much of 2021, market volatility has returned this fall. The CBOE VIX Index measures the implied volatility of the S&P 500 market index and is sometimes referred to as a “fear gauge” because it measures the range of outcomes expected by investors for the stock market.
We’ve all heard the adage “Money can’t buy happiness.” But, earlier in life, when your assets are limited, that doesn’t seem to be true. Money does buy security, freedom to travel, and luxuries for your families to make their lives easier, which seems like it would translate to happiness for many.
The word “diversification” is often tossed around when discussing financial planning, but not everyone understands its importance for an investor’s success. Diversification protects investors from catastrophic losses in uncertain times and ensures stability for their families and future.
It was a volatile ride for investors last week, as global equity markets declined significantly on Monday before spending the rest of the week climbing back. The S&P 500 (a proxy for US large-cap stocks) ended up rising 0.5% for the week while the MSCI ACWI index (a proxy for global stocks) gained 0.1%.
Global equity markets declined for the second week in a row, as the S&P 500 (a proxy for large-cap US stocks) lost 0.5% and the MSCI ACWI (a proxy for global stocks) dropped 1.0%. Emerging markets stocks continued to lag developed market peers (the MSCI Emerging Markets index was down 2.2 percent for the week), as concern over the delta variant and increased government regulation in China persists.