What does yesterday’s stock tumble mean for the markets? Anneken Tappe covers the story for CNN Business. August may provide a wake-up call for investors. Recent history tells us what to expect, as Anna-Louise Jackson writes for Money. We’ll soon be facing a new tax landscape. With the possibility of new capital gains tax rates going into effect in 2022, there’s a mid-year planning crush for wealthy households. Randy A. Fox describes how financial advisors should be protecting their clients.

Stocks Are Up 100% Since The Last Dramatic Selloff. Here Comes The Delta Variant — The Delta variant of Covid-19 is pushing up infection rates particularly among unvaccinated communities. This could weigh on the economy as we’re headed into the colder months. But the market is different now than it was in 2020, and economists aren’t concerned that another big lockdown is looming. Read more…

This Chart Shows Why Stock Market Investors Shouldn’t Sweat Up and Down Days — At least since 1970, significant fluctuations in the markets have been a regular event, no cause for concern. But investors who have become accustomed to a market that keeps notching one new record high after another could be in for a wake-up call. Read more…

New Tax Landscape Causing Mid-Year Planning Crush — There may be new capital gains tax rates going into effect in 2022. The changes could be especially tough on higher income households. If capital gains are taxed as ordinary income and the estate tax exemption is lowered, their advisors may need to act now. Wealth Management details some of the steps advisors should consider for them. Read more…

 

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

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