After a stellar year for stocks, where are markets heading? Keith Lerner, co-chief investment officer at Truist, offers his analysis. A surprise medical bill may now be illegal. Bob Herman of Axios explains how you can benefit from a new federal law that limits medical charges. Home insurance rates are rising. Kathy Orton covers the reasons behind the rate hike and summarizes what to expect.
What Happens When The S&P 500 Climbs More Than 25% In A Year? Mid-Teen Gains Usually Follow –No doubt, 2021 has been a stellar year for U.S. stocks. The S&P 500 index SPX is headed for a 27% annual gain as of Friday, the last day of trade in a year when highly transmissible coronavirus variants have kept the pandemic at the forefront. But while such outsized stock-market gains have been fairly rare in the past 70 years, past performance shows that 2022 still could be a robust year for returns, according to a review of historical S&P 500 performance by Truist Advisory Services. Read more…
Many Surprise Medical Bills Are Now Illegal — Effective today, a new federal law bans many types of out-of-network medical bills and puts the onus on doctors and health insurance companies to resolve their payment disputes. Bob Herman explains how to protect yourself under the law. Read more…
Home Insurance Premiums Rising — Across the country, homeowners renewing their policies are discovering that rising material costs, supply chain disruptions and climate change are combining to drive premiums up by an average 4% to an average annual premium of $1,398, according to the Insurance Information Institute. Read more…
John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller