The S&P 500® Index rose 0.49% on February 19, 2020, pushing the index to a new all-time high. This was its highest level for nearly six months as the effects of COVID-19 soon made a dramatic impact on market prices and our daily lives. By mid-March, the World Health Organization officially declared COVID a pandemic, […]
Reflecting on Four Years Since the Pre-COVID Market Peak Read More »
Is home really where the heart is, or in today’s financial climate, has the adage evolved to “home is where your low mortgage rate from three years ago is?” Anecdotally, in conversations with financial advisors, I’ve heard the same story several times: Clients feel stuck in their homes because they don’t want to give up
Stuck at Home: Mortgage Rates and the Endowment Effect Read More »
The Federal Reserve (Fed) is on a mission. And by many accounts, that mission is going well. After inflation rose throughout 2021, the Fed began raising the federal funds rate from near zero in early 2022. By July 2023, the central bank had taken the fed funds target range to 5.25-5.50%, where it has held
What Interest Rate Cuts May Mean for Bond Returns Read More »
At the end of 2022, “The Magnificent Seven” was no more than the title of a 1960 American Western starring Yul Brynner and Steve McQueen. By the end of 2023, however, the “Magnificent Seven” turned into the name of a group of seven stocks that contributed more than two-thirds of the S&P 500® Index’s return
Diversification vs. Concentration in the Era of the ‘Magnificent Seven’ Read More »
It’s the start of a new year, and I’m sure you’ve thought a decent amount about how the year will play out. (Don’t worry, this isn’t going to be yet another post about New Year’s resolutions!). Consider, for a minute, something about your upcoming year that is marked by uncertainty. Maybe it’s the state of
Why Do We Mispredict the Future? Read More »
How could we sum up the market in a year like 2023? If given only a word, resilient might do.
The Stories of 2023 Read More »
It’s that time of year again. Cooler weather is upon us. Colorful lights are starting to pop up on rooftops. The kids are excited as they count down the remaining days of their fall semester. You guessed it. It’s market forecasting season.
Taking a Holistic View of Your Investment Journey Read More »
Imagine that you are at an interview for your dream job. The interviewer says, “I have 100 applicants for this job. Tell me why I should choose you.” You are an appropriately confident person, not an overconfident one. So, you say: “Honestly, I don’t know. I don’t know the qualifications of the other 99 applicants
The Pitfalls (and Benefits) of Overconfidence Read More »
Bloomberg published an article near the end of December last year reporting outcomes from its latest monthly economic survey.1 Survey respondents included 38 economists who each offered a forecast for 2023. Like many at the time, the survey results were generally pessimistic about the economy. The survey’s median estimated growth rate for U.S. gross domestic
The Certain Uncertainty of Short-Run Economic Predictions Read More »
What do you think of when you hear the term “mindfulness?” For me, it’s an iconic image of Don Draper in the final season of the TV series “Mad Men.” The scene presents a lesson in contrasts: Draper, wearing a crisp white button-down, sits cross-legged on the ground with the Northern Californian coastline behind him
Can Financial Mindfulness Help Enhance Outcomes with Money? Read More »
©2023 | Arcadia Wealth Management | All Rights Reserved.
