2023 Review and 2024 Outlook
It was an excellent year for most equity indexes. In 2023, the S&P 500 Index returned 26.29% and finished near an all-time high. The strong returns were powered by a US economy that was able to avoid a recession. Lower inflation contributed to the strong market...
2023 Third Quarter Review and Outlook
The S&P 500 finished the third quarter down –3.27% but is still up 13.07% for the year. The stock price decline was partly driven by investors’ changing expectations of future interest rates.
Introduction to 529 Plans
A 529 plan is a tax-advantaged savings plan designed to help individuals and families save for education expenses. These plans are named after Section 529 of the Internal Revenue Code, which governs their tax treatment. 529 plans are typically sponsored by states or...
2023 First Half Review and Outlook
The S&P 500 continued to rally in the second quarter, led by technology and artificial intelligence stocks, gaining 8.74% and finishing the first half of the year up 16.89%. The strong returns were driven by a reduction in inflation; allowing the Federal Reserve...
Lorie S. Shah Joins Virtue Asset Management as Director of Client Relationships
Lorie Shah brings her expertise with institutional and retail investing to Virtue Asset Management as Director of Client Relationships. She has over ten years of experience in financial markets. Lorie combines her exceptional communication skills with her extensive...
Ribbon cutting ceremony signals the end of Field of Dreams construction
“What a special ribbon-cutting ceremony this week, as community members came together to celebrate the end of Build 220 construction at the Fields of Dreams, the varsity baseball field, and the new multi-purpose turf field at BHS! These new and improved spaces will be...
2023 First Quarter Review and 2023 Outlook
The first quarter saw positive returns for most stocks and bonds. In the first quarter, the S&P 500 Index returned 7.50% and the Bloomberg U.S. Aggregate (Bond) Index returned 2.96%. The market experienced high volatility due to investors changing inflation...
2022 Review and 2023 Outlook
The S&P 500 Index did rally in the fourth quarter gaining 7.56% but still finished the year down 18.11%. The last year with a negative return for the S&P 500 was 2018 (down 4.38%). The last year with a double-digit negative return was 2008 (down 37.0%)....
2022 Third Quarter Review and Outlook
The S&P 500 finished the third quarter down 4.88% and down 23.87% for the year. The decline in stock prices is primarily due to a compression of stock price earnings multiples due to rising interest rates. The Federal Reserve has raised the federal funds rate to...
2022 First Half Review and Outlook
Through the first half of the year the S&P 500 has returned -19.96%. The financial markets are expecting the Federal Reserve to continue to raise interest rates to drive down inflation and cause a recession. The increase in interest rates have driven down bond...
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