S&P 500 DROPS BACK INTO CORRECTION TERRITORY AS COVID-19 WORRIES RISE AND SOCIAL UNREST INCREASES The week started off well as U.S. stock markets rose and volatility declined, but the latter part of the week saw markets dropping and volatility increasing, mostly due to renewed COVID–19 worries The concentrated, mega-cap DJIA dropped 3.3%, followed closely […]
The CARES Act permitted the suspension of Required Minimum Distributions (RMD) for 2020. This was great news for those who do not rely on the income from their RMD as it presents an income tax savings opportunity. But what about the people who took out their distribution at the beginning of the year or those […]
RETAIL SALES PUSH MARKETS HIGHER AS THE FED PROMISES TO DEPLOY MORE SUPPORT AND THE WHITE HOUSE TALKS INFRASTRUCTURE The U.S. stock markets reversed course this week, turning in some very healthy positive numbers for investors NASDAQ led the way with a gain of 3.7%, followed by the smaller–cap Russell 2000’s gain of 2.2%, the […]
Relaxing the Rules of the Payroll Protection Program As the 8-week window of the Payroll Protection Program (PPP) neared closing, Congress made a few changes to relax some of the provisions. To summarize some of the important provisions, The 75% payroll requirement is reduced to 60%, which means the amount permitted to be spent on […]
Last week we covered the extension of the IRA contribution deadline in our blog post. As we continue to approach July 15th, today we thought we would share the below article from Fidelity reviewing some commonly overlooked IRA saving strategies. While everyone has individual circumstances, we are here to help see how these can fit […]
MARKETS SUFFER BIGGEST DECLINE SINCE MARCH AS WALL STREET HITS A WALL OF WORRIES The U.S. stock markets started the week off well but then tumbled toward the end of the week and recorded their worstweekly losses since March The small–cap Russell 2000 took it on the chin the most, dropping 7.9%, followed by the […]
Due to the coronavirus pandemic, the due date for making contributions to an IRA for the 2019 tax year has been pushed back from April 15 to July 15, 2020. Good news for retirement savers: The maximum amount that can be contributed to a traditional IRA increased by $500 for 2019. It’s the first […]
I had the privilege of having my husband stay at home with our children for several years while I grew my business and what a learning experience it was! I have an ever-increasing respect for the family caregiver of children or elderly parents as well as for the sole breadwinner with an even deeper admiration […]
U.S. MARKETS JUMP FOR THIRD WEEK IN A ROW THANKS TO A SURPRISINGLY POSITIVE MAY EMPLOYMENT SITUATION REPORT U.S. stock markets roared back on the heels of a much better than expected May Employment Situation Report that suggested the worst might be behind us and the recovery might be faster than expected The small–cap Russell […]
Now that states and countries are in various stages of re-opening there are still many things we don’t know from when and what will return to the way they were before and what will change forever. There are also trends that were starting that just got amplified…here are Five workplace trends that will shape life […]
Hightower St. Louis is registered with Hightower Securities, LLC, member FINRA and SIPC, and with Hightower Advisors, LLC, a registered investment advisor with the SEC. Securities are offered through Hightower Securities, LLC; advisory services are offered through Hightower Advisors, LLC.
This is not an offer to buy or sell securities. No investment process is free of risk, and there is no guarantee that the investment process or the investment opportunities referenced herein will be profitable. Past performance is not indicative of current or future performance and is not a guarantee. The investment opportunities referenced herein may not be suitable for all investors.
All data and information reference herein are from sources believed to be reliable. Any opinions, news, research, analyses, prices, or other information contained in this research is provided as general market commentary, it does not constitute investment advice. The team and Hightower shall not in any way be liable for claims, and make no expressed or implied representations or warranties as to the accuracy or completeness of the data and other information, or for statements or errors contained in or omissions from the obtained data and information referenced herein. The data and information are provided as of the date referenced. Such data and information are subject to change without notice.
This document was created for informational purposes only; the opinions expressed are solely those of the team and do not represent those of Hightower Advisors, LLC, or any of its affiliates.