Last week ended with the S&P 500 Index up over 2%, the third straight week the benchmark has finished in positive territory. Much of this gain was generated right from the market open on Monday morning as the stock market got its first chance to trade the expectation beating the March jobs report, which was […]
The first quarter ended with last week continuing the trend of the previous four with stocks finishing higher. However, the sectors leading the market higher were not the ones we have become accustomed to seeing lead the charge. As rates on the 10-year U.S. Treasury rose 0.81% during the quarter, value stocks were provided a […]
Have you ever been on your last day of vacation and thought, “Gosh, we should do this more often.”? Don’t get me wrong—I could go somewhere every quarter and still have that feeling. Have you had an argument with your significant other over a big purchase? Most of us have been there. We all struggle […]
Apr 01st, 2021
A familiar story continued last week with Treasury yields dictating the stock market’s direction. The 10-year U.S. Treasury bond was relatively stable through the beginning of the week, giving the stock market confidence and sending the technology-dominant Nasdaq Index to a 2% gain by Wednesday afternoon. Then Federal Reserve Chair Jerome Powell’s press conference was […]
The week’s theme changed during Friday trading after President Biden signed a record $1.9 billion stimulus bill into law and gave an optimistic speech on the U.S. economy. The President moved up the goalposts on his “return to normal” plan, which increased optimism for higher U.S. GDP growth, and sent the 10-year U.S. Treasury bond […]
Allegheny Financial Group awards support community projects in the North Hills area. Allegheny Financial Group, a financial planning and investment management firm, announced today the recipients of its Seventh Annual Good Neighbor Awards. The seven award recipients include: Girls on the Run programs at Shaler Area Elementary Schools, HEARTH, North Hills Art Center, North Hills […]
Stocks ended the week with a rally off news of expectations beating the February jobs report, saving a positive week for the S&P 500 Index. However, Friday’s market rally could not push the technology-heavy Nasdaq Composite Index back into the green for the week. The value rotation story continued as energy and financials were the […]
“Sell Everything! I want to go to cash before I lose it all!” Hearing phrases like these from investors is commonplace for financial planners when paranoia in the markets runs rampant. However, through channeling their inner behavioral economic therapist, financial advisors ease their clients’ fears and remind them of the financial plan and investment strategies […]
Mar 04th, 2021