The risk of a “melt-up” in the markets is increasing. As equity indexes post record highs, Liz Ann Sonders of Schwab forecasts the likelihood of a pullback. Another emerging influence on the markets is the upcoming debate over raising the U.S. debt ceiling. If Congress doesn’t raise it by early to mid-October, America risks a default on its loan payments. If you’re trying to decide when to claim Social Security benefits, you’ll need more advice than the Social Security Administration offers. Mark Miller explains why this is such an important decision and why SSA advisors sometimes get it wrong.
Things Are Looking Good … But Are They Too Good?- U.S. equity indexes continue to post record highs and the proverbial “wall of worry” appears to be losing bricks. The high expectations for earnings season have largely been bested and the U.S. economy continues to trend in a “Goldilocks” zone—not too hot, nor too cold. The Federal Reserve shows little interest in pricking any perceived asset bubbles; and despite political rancor, consumer and business confidence remains elevated—what could go wrong? Read more…
Wall Street Is Bracing For Another Debt-Ceiling Debacle– A mid-October showdown is brewing in Congress and investors have been served notice. According to the Congressional Budget Office, lawmakers need to raise America’s debt limit by early to mid-October to avoid a default on loan payments. Investors are bracing for turmoil when the vote is likely to take place. Read more…
When Social Security Gets It Wrong– It’s one of the most important decisions about retirement your clients will make: when to claim Social Security benefits. Social Security Administration guidance isn’t always right, especially when it comes to the program’s complex rules. Advisors can help. Read more…
John R. Day, Bill Ennis, Stephanie Davidson and Matt Heller
Disclosure – The articles mentioned in Mid Week with Day & Ennis are for information and educational purposes only. They represent a sample of the numerous articles that the firm reads each week to stay current on financial and economic topics. The articles are linked to websites separate from the Day & Ennis website. The opinions expressed in these articles are the opinions of the author and not Day & Ennis. This is not an offer to buy or sell any security. Day & Ennis is under no obligation to update any of the information in these articles. We cannot attest to the accuracy of the data in the articles.
