Word on Wealthstreet Blog

We Will Get to The Other Side

By Michael Kane

All of us have been touched in one way or another by the COVID-19 pandemic, we at Wealthstreet hope that you and your families are safe and well. The first quarter of 2020 was one of the worst quarters for stocks ever.  It was, in fact, the worst first quarter for the Dow Jones Industrial…

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The New Normal

By Joe Ray

Life has been incredibly hard in some ways and much simpler in others. We have returned to a life where eating in has replaced restaurants. Social experiences have been replaced by social distancing. A call to check in on friends or family or a Netflix movie has replaced happy hours and concerts. Most people are…

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The U.S. Indices and Technology

By Leslie Reynoso

  Not all indices are created equal.  Often times when you hear people talk about how the market is doing they are referencing the Dow Jones. Is the Dow Jones really a good indicator? It’s made up of a small sample pool of the thirty leading stocks in each of their respective industries and it…

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The Secure Act and What this Means to You

By Leslie Reynoso

The Setting Every Community Up for Retirement Enhancement Act, better known as the SECURE Act, was signed into law on Friday, December 20, 2019. Many of these changes  went into effect on January 1, 2020. Here are the major changes created by the new law: New Age Requirements for Required Minimum Distributions (RMDs). Because people…

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Thanks Santa!

By Michael Kane

The Grinch had the upper hand during the last quarter of 2018 but it was Santa’s (or Hanukkah Harry’s) turn in 2019.  During the last three months of 2018 the S&P 500 lost 13.5%, in contrast the S&P 500 gained 9.1% this past year.  In all, the full year of 2019 was very strong with…

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A Remarkable Year

By Joe Ray

2019 was a remarkable year for the stock market. Despite the yearlong trade issues with China, the S&P 500 with income was up 31.5% while the technology laden NASDAQ returned a whopping 36.7%. Other issues such as Brexit, impeachment, the failed IPO of WeWorks and slowing profit growth failed to negatively impact stocks as we…

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Saddled with Uncertainity

By Joe Ray

A relatively flat stock market obscures the volatility and uncertainty that characterized this third quarter. Trade was the biggest issue going into the summer and as we exit the warm weather little progress with China has been made. Same could be said for other important trade issues such as Brexit and congressional passage of the…

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Don’t Fight the Fed

By Michael Kane

In 2008, the Federal Reserve lowered the Federal Funds rate to zero in an effort to stabilize financial markets and stimulate economic growth resulting from the Financial Crisis.  This was an extraordinary measure to deal with extraordinary times.  Over the subsequent years the financial system, markets and the economy slowly recovered. Then began the debate,…

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Stocks Exert Their Muscles

By Michael Kane

There has always been some disconnect between stocks, bonds, and the economy. Stocks and the people who own are often the optimists of the group. They look forward and try to extrapolate the future winners and losers, willing to pay multiples of earnings or revenue in order to own a part of a company’s or…

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May You Live In Interesting Times

By Joe Ray

May you live in interesting times…  Forgive me if I have used this phrase in a previous article, but it is again on my mind.  While the phrase is intended to sound like a blessing, it is always used ironically as a curse.  Often attributed to the Chinese, though its origin is debated, it did…

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