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Financial management news and insights from Fervent Wealth Management in Springfield, MO. “Last Wednesday, the Federal Reserve paused rates again for the second time in three meetings.”

Financial management news and insights from Fervent Wealth Management in Springfield, MO. “Last Wednesday, the Labor Department released a report that showed inflation (Consumer Price Index (CPI) went up in August compared to last year.”

Financial management news and insights from Fervent Wealth Management in Springfield, MO. “Although stocks went negative, they did so in an orderly fashion, which is a good sign of healthiness for the market.”

Financial management news and insights from Fervent Wealth Management in Springfield, MO. “As of the end of August, Americans have $5.6 trillion in money market funds, which is a record high and nearly 20% more since the beginning of the year.”

Financial management news and insights from Fervent Wealth Management in Springfield, MO. “Any long-term investor trying to build a diversified portfolio will likely have some international stock holdings.”

Financial management news and insights from Fervent Wealth Management in Springfield, MO. “On August 1, Fitch, one of the three main credit rating agencies, downgraded US government debt to its second-highest rating, AA+.”

Financial management news and insights from Fervent Wealth Management in Springfield, MO. “This quarter’s earnings reporting season is mostly behind us, with about 85% of S&P 500 companies having reported their results.”

Financial management news and insights from Fervent Wealth Management in Springfield, MO. “The Federal Reserve, the greatest influence in the stock market in the last two years, raised its rate again on July 26th. It was the 11th rate increase since March 2022, making it the highest rate level since early 2001.”

Financial management news and insights from Fervent Wealth Management in Springfield, MO. “In the Spring of 2020, gas prices dropped to their lowest levels in decades because of a lack of demand during the pandemic. Shortly after, oil and gas prices rose sharply through the economic recovery and shipping problems in 2021.”

Financial management news and insights from Fervent Wealth Management in Springfield, MO. “As I chart a course for the accounts I manage for the rest of the year, I find it helpful to review the first six months of 2023.”

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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.”