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"We can always take it back." I don't know when my Craftsman tool indoctrination began, but one thing for sure, we knew if we broke it, bent it, or wore it out, we could take it back and get a new replacement wrench. We trusted in the strength of the Craftsman...

"I never want to back a boat trailer in again." Some of the greatest stress in my marriage was trying to help my wife back the boat trailer down a ramp. She didn't want to load the boat or back the trailer, so the whole process became a stress test. US big banks just...

"I forgot to mention it's on the third floor." My sister conned me into helping her move into an apartment several years ago and didn't tell me we'd have to carry her oversized couch up three flights of stairs. I smashed my hand carrying it but eventually got my...

"Now we listen to it idle." My dad worked on small engines as a side job when I was a kid. I remember watching him adjust a cantankerous carburetor and then stepping back to watch it. I asked him what he was waiting for, and he said, "Now we listen to it idle," to see...

Financial management news and insights from Fervent Wealth Management in Springfield, MO. “The market technically started a new bull market in the last few days when stocks rose 20% above the last bear market low point.”

Financial management news and insights from Fervent Wealth Management in Springfield, MO. “We just reached the 100th trading day of 2023, and it’s been a solid 100 days for stocks.”

Financial management news and insights from Fervent Wealth Management in Springfield, MO. “Last Monday, May 22, 2023, a fake picture claiming to show an explosion near the Pentagon in Washington, D.C., was posted and widely shared on social media, causing a quick drop in the stock market.”

Financial management news and insights from Fervent Wealth Management in Springfield, MO. “The earnings reporting season for the first quarter is almost finished, and like the past couple of earnings seasons, companies did much better than expected.”

Financial management news and insights from Fervent Wealth Management in Springfield, MO. “There’s a lot of talk about the US Debt Ceiling, which can be confusing.”

Financial management news and insights from Fervent Wealth Management in Springfield, MO. “According to the Wall Street Journal, the Federal Reserve (Fed) raised rates another 0.25% in its continued inflation fight but signaled it might be finished raising rates.”

Financial management news and insights from Fervent Wealth Management in Springfield, MO. “The Conference Board recently reported that consumer confidence (Americans’ comfort level about the economy) dropped in April to its lowest level in almost a year.”

Financial management news and insights from Fervent Wealth Management in Springfield, MO. “A recession is coming. The Federal Reserve recently released the March 21-22 meeting minutes.”

Financial management news and insights from Fervent Wealth Management in Springfield, MO. “This past week we marked the six-month anniversary of the market low (S&P 500) on October 12, 2022. Since that low of negative 25% from the previous high, the S&P 500 has rebounded just over 15%, according to Yahoo Finance.”

Financial management news and insights from Fervent Wealth Management in Springfield, MO. “The stock market’s impressive come-from-behind performance in March was dramatic, even with several market disruptions, including a mini-banking crisis. The S&P 500 finished the first quarter up 7.37% and Dow 0.77%, according to JPMorgan.”

Financial management news and insights from Fervent Wealth Management in Springfield, MO. “The banking ‘crisis’ talk has calmed down, but people are still nervous. According to the Federal Reserve, 120 billion dollars has moved from smaller banks to the 25 largest US banks in the last few days since the failure of Silicon Valley Bank.”

Financial management news and insights from Fervent Wealth Management in Springfield, MO. “The Federal Reserve wears two hats. One for being responsible for the ‘overall economy’ (macroeconomy) and the other for protecting the ‘banking system’.”

It shot out from the left side of the road and hit me before I could even hit my brakes. I was driving one night years ago on a two-lane road when a whitetail deer jumped a fence out of nowhere and hit me broadside. I almost wrecked, not because of the collision but...

Financial management news and insights from Fervent Wealth Management in Springfield, MO. “A hard economic landing describes when the economy leaves a difficult time, and the US falls into a recession.”