How Tax-Healthy Are Your Clients’ Portfolios? The Form 1099-DIV Can Tell You
Not all investment returns are the same. Some are taxed at a higher rate than others. The Form 1099-DIV can help you analyze the Investment Tax Health of your clients. By looking at how much the investor received in different investment returns, you can calculate how much federal tax they will need to pay.
Chart of the Week: Advisors Looking at Municipal Bonds Choices
Investors continue to turn to low-cost core taxable bond ETFs in 2024. The Vanguard Total Bond Market ETF (BND) and the iShares Core Aggregate Bond ETF (AGG) gathered $2.5 billion and $2.1 billion, respectively, as of late February.
Pimco Sees Swelling Deficit Dragging Bonds ‘Back to the Future’
Pacific Investment Management Co. is warning that US fiscal profligacy threatens to drag the Treasury market back to 1980s, a time when bond vigilantes demanded far higher compensation to own longer-dated bonds.
A Fed Held Hostage by Data Is Asking for Trouble
It’s right for economic data to influence the Federal Reserve’s policy approach. Yet, there is an important distinction between being informed by the numbers and being held hostage by them — particularly for an institution whose tools operate on the economy with a lag.
The Achilles’ Heel of ETFs Promising 100% Income Yields
One of the hottest products for retail investors the last couple of years is the single-stock option-income exchange-traded fund. While the basic idea is similar to the old and respectable covered-call writing strategy, the modern versions grabbing attention and dollars are supercharged, promising income yields of 100% or more.
Big Tech’s Boom Has Strategists Scrambling to Keep Up With Rally
The frenzy around AI stocks has blindsided Wall Street forecasters, spurring a race among strategists to keep up with a stock market rally that’s already blowing past their expectations when 2024 began.
Fed’s Williams Repeats Rate Cuts Likely Coming Later This Year
Federal Reserve Bank of New York President John Williams said he doesn’t see a need for officials to tighten policy further and reiterated that he expects the central bank to cut rates later this year.
S&P Global US Manufacturing PMI™: Fastest Pace Since July 2022
The February S&P Global US Manufacturing PMI™ rose to 52.2 from 50.7 in January, signaling the strongest improvement in operating conditions since July 2022. The latest reading was higher than the forecasted reading of 51.5.
RecessionAlert Weekly Leading Economic Index
The weekly leading economic index (WLEI) is a composite for the U.S economy that draws from over 20 time-series and groups them into the following six broad categories which are then used to construct an equally weighted average. As of February 16th, the index was at 15.819, down 2.184 from the previous week, with 5 of the 6 components in expansion territory.