Investors are reacting strongly to the spike in bond yields. Will it burst the bubble of market optimism? Schwab’s chief investment strategist Liz Ann Sonders discusses the situation. Tax season is here, when there are 3 common mistakes to avoid. Erik Carter of Financial Finesse explains how you can save money on your taxes this year. If you’re going on vacation, you may need to pack COVID-19 insurance. Allison Lampert and Noor Zainab Hussain offer the details for Reuters.

Red Flag Day: Bond Yield Spike Denting Euphoric Sentiment — Investor sentiment measures recently hit historic extremes of optimism and speculative excess; but until recently, strong market breadth served as an offset. The spike in bond yields has been a fundamental catalyst for a volatile “reset” of some valuation extremes. Read more…

3 Common Mistakes You Don’t Want To Make This Tax Season — It’s the beginning of every American’s favorite time of the year … to hate: tax season. Starting on Feb 12th, the IRS started accepting tax returns for the 2020 tax year. Here are three of the most common tax season mistakes you don’t want to make. Read more…

COVID-19 Travel Insurance Becoming A Vacation Staple — Airline bookings are on the rise in some regions, driving cautious hopes of a revival in summer traffic. It’s also raising fears among tourist destinations of getting hit with bills should vacationers become stranded by the virus. Do you need travel insurance for your trip? Read more…

 

John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller

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