The offhand reference to stock charts in a rising trend accurately describes the good times stock investors have enjoyed so far this year. For those who hung tight amid the carnage of December, the S&P 500 has delivered returns just shy of 11 percent so far this year.
On Thursday, SunTrust Banks and BB&T Corporation announced the biggest bank merger in 10 years. The partnership will create a banking powerhouse in the Mid-Atlantic region and throughout the southeast United States.
One of the four takeaways from our 2019 Economic Outlook is “Increased Turbulence” which has been in full force this winter. In December, the S&P 500 lost 13.5 percent, including the “Christmas Eve Massacre,” making it the worst December since 1931. In a complete reversal, the market returned 8 percent in January, representing the best January return in 30 years.
The Internal Revenue Service recently announced the annual inflation adjustments for a number of tax provisions for 2019. These went into effect January 1, 2019 and are not intended to be used for 2018 tax returns. We fully recognize that most of our clients are currently preparing their 2018 taxes and we encourage you to revisit some of the major changes associated with the 2017 Tax Cuts and Jobs Act that will impact 2018 tax planning.
This week, USA TODAY’s Adam Shell announced his retirement as money reporter following Wall Street. On Monday, he shared some parting words for his readers that are good reminders about taking a long-term approach to investing.
2019 is off to a turbulent start. The first couple trading days of the year were the worst in 18 years, only to be eclipsed by a huge rally today that left equity investors a bit richer for the week, albeit whipsawed in the process.