This article is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA Happy belated New Year. I hope that News Year’s Day was not too rough for you. The firework display at Bushnell Park in Hartford, CT…
Blog Archives
Why The Affluent (Mostly) Ignore the News
There is no shortage of new. Television, radio, newspapers, magazines and of course, the internet. 24/7/365 information is coming at you. Whoever named it the ‘information age’ sure got it right!
Lies, Damned Lies, and Statistics
I took a statistics class back in college. Like many of my other subjects I didn’t do that well in it. I did, however, gain a deeper understanding of what average meant and still continue to aspire to get up…
Tagged with: Affordable Care Act, Al Capone, BLS, Bureau of Labor Statistics, Chicago, CHINA, College, College Tuition, Core Inflation, Energy Costs, Federal Reserve, Food Costs, Great Recession 2008-2009, Health Savings Accounts, Higher Education, HSA's, Income Taxes, Inflation Rate, Internal Revenue Service, IRS, Janet Yellen, Labor Force Participation Rate, LFR, Medical Expenses, Obama Care, Statistics, The Fed, U-3, U-6, Unemployment Rate
October Proves a Banner Month for Equity Markets
After a tumultuous summer, the markets seemed to downplay worries in October about China’s economic slowdown and uncertainty over the Federal Reserve timing for raising short-term interest rates. In fact, it was a banner month for the major equity indices…
Tagged with: CHINA, DJIA, Dollar, Dow Jones Indusstrial Average, Fed, Federal Open Market Committee, GDP, MSCI EAFE, NASDAQ
Market Volatility Spikes Amid Global Economic Concerns
Equity markets suffered their worst week since 2011 for the week ending August 21, with the Dow Jones Industrial Average down more than 1,000 points and the S&P 500 down 5.7%. Put into the context of the bull market of the…
Tagged with: Bull Market, CHINA, Dow Jones, Dow Jones Industrial Average, Equity Markets, Fed, Federal Reserve, Greece, Inflation, Interest Rates, S & P 500, U. S. Equities
The Second Half of the Year Holds Promise
August 5, 2015 The Second Half of the Year Holds Promise The S&P 500 has been at a virtual standstill thus far this year, trading in a narrow range. July was not much different. The almost 2% rise…
Average Joe’s
The movie Dodgeball: A True Underdog Story came out in 2004. It’s a story about gym owner Peter Lafleur (Vince Vaughn) trying to save his gym. The gym is very behind on its bank loan and Peter is concerned it…
Greek Drama Plays Out on Global Stage
The second quarter ended with all eyes on Greece after the country failed to reach an agreement with its creditors. The impasse resulted in shuttered banks and imposed capital controls, at least until a July 5 referendum on whether…
Tagged with: CHINA, DJIA, Dow Jones, EAFE, Europe, EuroZone, Federal Reserve, Financial Plan, GDP, Greece, Greek Crisis, IMF, International Monetary Fund, MSCI EAFE, NASDAQ, Puerto Rico, S&P 500
