The US dollar’s dominance will remain unchallenged even with the rise of digital assets and other geopolitical factors, according to a new study by the Federal Reserve Bank of New York. “The dollar’s international role, whether for trade, investment or use as a global reserve currency, remains quite strong, with nothing on the horizon likely… Continue reading Dollar dominance is going to stick around in global markets as there’s nothing on the horizon to rival the greenback, Fed study says
The stock market’s fear gauge needs to spike up significantly before the bear market bottoms out
The bleeding in the S&P 500 this year is unlikely to stop until there’s a frenzied level of selling in the stock market, one financial newsletter told investors on Tuesday. The S&P 500 dropped Tuesday, with nine of its 11 sectors in the red. The index has lost 22% from the all-time high of 4,818.62 it… Continue reading The stock market’s fear gauge needs to spike up significantly before the bear market bottoms out
A recession could crater the S&P 500 by more than 20% to 3,000, and the market downturn is already worse than expected, Morgan Stanley says
The current economic downturn is already worse than expected, but there’s still more downside ahead for the market, according to Morgan Stanley. Analysts led by Mike Wilson wrote in a Tuesday note that the stock market may not yet be sure what to make of falling bond yields. But yields still appear to be lagging… Continue reading A recession could crater the S&P 500 by more than 20% to 3,000, and the market downturn is already worse than expected, Morgan Stanley says
Weddings and Taxes: 4 Reasons to Reconsider ‘I Do’
The Tax Cuts and Jobs Act appeared to eliminate the so-called marriage tax penalty by making the tax brackets exactly double for taxpayers in all brackets except for the highest. However, there are areas of the tax code where the marriage penalty still exists, especially when there is a large disparity in income. Assuming a… Continue reading Weddings and Taxes: 4 Reasons to Reconsider ‘I Do’
18 Dorm Room Must-Haves
Storyblocks There are most likely a million things on your mind when heading off to college, whether it’s your first time or you’re returning after a summer away from campus. For dorm room newbies, the idea of what you actually need to pack (and what you can pass on) might seem daunting. And if you’re… Continue reading 18 Dorm Room Must-Haves
Home Improvements & Taxes: CPA Explains What’s Really Deductible
The remodeling boom soared in 2021 due to a number of reasons, including the ongoing pandemic and an increasing number of people working from home. Spending and remodeling are expected to remain strong in 2022, with signs that things could slow down by the end of the year, according to Harvard’s Leading Indicator of Remodeling Activity… Continue reading Home Improvements & Taxes: CPA Explains What’s Really Deductible
The Best U.S. Cities for Renters
In this housing market, renting may have to be a permanent way of life for many. Here are the cities with the best quality of life for renters. In this housing market, renting may have to be a permanent way of life for many. Here are the cities with the best quality of life for… Continue reading The Best U.S. Cities for Renters
Fixed-income has been a saviour in previous downturns, but this time is different
Martin Pelletier: What should a conservative investor do in this type of environment? Traders work on the floor of the New York Stock Exchange. Photo by Spencer Platt/Getty Images files The past four decades have been outstanding for both stocks and bonds, especially since interest rates have been in a long-term downtrend. While equities have… Continue reading Fixed-income has been a saviour in previous downturns, but this time is different
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