Stimulus Maybe and a Second Vaccine but New Virus Strains Emerge
Stocks ended the holiday shortened week mixed. Congress finally passed a bill Monday on a $900BN relief/stimulus and $1.4TN to fund the government through September 2021. However, approval of this bill was thrown in doubt Tuesday evening by President Trump insisting it would need, among other things, larger stimulus payments for him to sign it. […]
Stocks Rise as Vaccine Rolls Out and Apparent Progress on Stimulus
Stock indices rose this week as the first vaccine rolls out and Congress appears to narrow in on a Covid relief/stimulus bill. The small company Russell 2000 index had the biggest gains. The gains came despite an uptick in unemployment claims. The Federal Reserve met and updated their plans as follows: Instead of bond purchases […]
Stocks Mixed as Vaccine Approval Nears and Congress Fails to Reach Aid Agreement
Stocks ended the week mixed with most indices lower but the small cap Russell 2000 index gaining. The Senate passed a one week stopgap spending bill to avert a government shutdown and to provide more time to reach an agreement on a longer term spending bill and an aid/stimulus package. Negotiations continue but difference remain, […]
Markets Rise as Stimulus Hopes Increase
Stocks had another strong week on vaccine and stimulus hopes. All major indices rose with emerging markets posting the biggest gains. The bipartisan Problem Solvers Caucus unveiled a compromise proposal for Covid relief/stimulus. The proposal for relief running through March 2021 includes $160BN of state and local government aid, $228Bn for small-business relief, including a […]
2021 Key Numbers
Attached is a piece on the 2021 key numbers with adjustments to the tax rates and retirement account contributions for 2021. Please call us if you have any questions. BusinessBuilder.12032020_070116.BBUILDER Best Regards, Loren C. Rex, CFP®, MA Erik A Smith AIF® President Managing Partner Generations Financial Planning & Wealth Management 269-441-4143 77 E. Michigan Ave, Suite 140 […]