Newsletter

April 2021 Market Recap

April continued the streak of strong performance across most asset classes, with the S&P 500 clocking in at an 11.3% gain for the year.  While the market was troubled with the thought of increased interest rates last month, the Federal Reserve continued their position of being highly accommodative.  While this doesn’t always affect all parts …

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Changes In Store for Estate & Gift Tax Planning

By Anne Zavaglia, CFP® & Clint Edgington, CFA There are several bills that have been introduced in the Senate that would have a serious impact on the estate tax and assets that are passed to heirs.  These potential changes may become a reality if the American Jobs Plan and American Families Plan, which were recently …

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March 2021 Market Recap

The gradual economic growth discussed last month showed signs of accelerating in March.  Employers hired more, with January and February’s employment gains of +545k being revised up by 156k more jobs.  March’s non-farm payroll employment shot up by another 916k jobs to move the unemployment rate down by 6%.  In addition, the “participation rate” (those …

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Paycheck Protection Program Extended

The Paycheck Protection Program has been extended to June 30, 2021.  The American Rescue Plan provided an additional $7.25 billion in funding to the program.  The PPP Extension Act of 2021 takes it a step farther, extending the application deadline to May 31, 2021. The Small Business Administration (SBA) has until June 30, 2021 to …

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February 2021 Market Recap: Continuing Trends

February was a quiet month in the markets, continuing trends that have been in place since December.  Economic expansion seems to be continuing, with positive news on the coronavirus front,  unemployment being lower with 50k new jobs created last month, and a Q4 GDP advance estimate of 4.1%.  Further stimulus seems likely with the $1.9T …

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