Here is your new weekly economic update from Steve Stanganelli, CFP®, fee-only financial advisor serving Greater Boston to the Merrimack Valley. Inflation remains tame and there's little I see ahead that could change that view. The economy continues to expand though consumer spending is weak. Home sales have dropped slightly though interest rates are still near historic lows. The big news and ... Read More
Economy
Sit On It and Rotate
The market's are jumpy to say the least right now. As I post this the market has ended four days down in a row after finishing August up 3.5% and up 45% since March. Despite signs of 'green shoots' and glimmers of positive economic activity, the US stock markets have ended the summer rally with a selloff of over 2% (on the DJIA Index). Fears of a stock market correction or a "W"-shaped ... Read More
