Despite a positive February for most stock indexes, the month ended with a negative week for the stock market. All S&P 500 Index sectors finished in the red except for energy, continuing the value stocks outperforming growth stocks trend, which coincides with the rise in interest rates. News last week was supposed to be driven […]
The Financial Planning Association® (FPA®) announced today that Trina Brown, CFP®, has been elected to the Board of Directors for a three-year term. Brown is an Associate Financial Advisor with Allegheny Financial Group where she offers professional, comprehensive financial planning services to individuals and small businesses. “I am looking forward to applying my background and […]
Rising U.S. Treasury yields were one factor leading the stock market to a 0.70% decline last week as markets paused to consider how this would impact stocks. For the most part, rising yields are viewed as the economy is improving; therefore, investors are selling bonds to move to riskier assets. Bond yields and prices move […]
After a week of mania in the stock market, it was unclear what to expect as trading began last Monday morning. Luckily, rational investors returned and propelled the S&P 500 Index to five straight days of gains, ending the week up more than 4%. Much of the week’s increase was supported by a potential $1.9 […]
In this digital world where credit monitoring websites, credit card companies, and banks all offer free credit scores, you can receive your credit score with just a few clicks. Have you ever noticed your credit score may differ by source? The score you see on a credit monitoring website such as Credit Karma may differ […]
Feb 04th, 2021
The past week provided a flood of data, from corporate earnings, GDP releases, updates on the labor market, consumer spending, the list goes on. However, it was GameStop, and other stocks rising at an astronomical pace that dominated the news cycle and the stock market’s attention. Major indexes did finish the week in the red. […]
Economic Recovery 2020 will be remembered as a year of extremes. The word “unprecedented” earned the Oxford dictionary’s Word of the Year distinction highlighting the speechlessness to describe the many aspects of 2020 compared to years past. We have also coined new phrases such as “Zoom fatigue,” “pandemic fatigue,” and “unprecedented fatigue” to describe the […]
Coming off the first negative week of 2021, stocks quickly brushed off the decline and resumed growth last week, with the S&P 500 Index up over 1% and the technology-heavy Nasdaq Composite up 4%. We are currently 14 trading days into the new year, and indexes have already set five new record highs. This is […]