The US Government is out of money. Treasury Secretary Janet Yellen has said she is using "extreme, emergency measures" to move money between accounts in order to cover US obligations. She expects these methods to be exhausted around October 18. At that point the US would no longer be able
This week President Biden made a hard push for his $3.5 Trillion "infrastructure" bill. This came shortly after the House Ways and Means Committee released their proposed tax changes to help pay for the massive spending bill. I've received a lot of calls and emails from our advisors with
The shorter work week didn’t allow us much time to get new news that would point the market in a certain direction, but the market didn’t stay flat. We are at a point, like we’ve been mentioning quite often lately, that the market NEEDS positivity to continue
The Social Security Board of Trustees released their annual report this week. Many of you may have seen the headline that the “Trust Fund” will be depleted one year earlier --- in 2034. Based on conversations I’ve had with advisors and clients the past 15 years, I don’t
The wait for the Fed to give us more insight into their tapering decisions ended last week, with the tapering set to begin sometime this year. With the Fed's help going away, the market will remove its training wheels. Will that lead to a crash or a sharp pullback like
