Weekly Bottom Line
Real GDP fell by an historic 9.6% in the second quarter (32.9% annualized), led by declines in spending on services as the economy locked down in March and April. The fall was deep but short. Spending rebounded in both May and June. Consumer spending rose 5.2% in June, with all…
Calendar Concerns and Gold Gains
Real-time economic data continues to show a slowdown, at the same time we’re entering two months of the year that historically have been troublesome for stocks. Meanwhile, gold is breaking out to new all-time highs, confusing many as to what it all means. Stocks are likely due for a breather,…
Market Volatility and the Coronavirus
Dear Valued Clients, In these volatile markets we want you to know your ACT Advisors team is on top of what is happening with daily research calls and up to the minute technical data. We are actively looking for opportunities to advance and protect your portfolio and making plans for…
Coronavirus Impacts on the Stock Market
Monday was a tough day in the stock market, with the S&P 500 Index down more than 3% as the number of coronavirus cases reported outside of China jumped. Monday’s losses reversed all of this year’s gains so far for the S&P 500 Index and the Dow Jones Industrial Averages….
Reminder: 2019 Contribution Deadlines
General guidelines for contribution deadlines for the 2019 tax year are listed below – you should check with your tax preparer before making a contribution. To make a contribution to your IRA, contact Liz Dickinson at (828) 398-2802 or liz.dickinson@lpl.com. Traditional/Roth IRA: The deadline for IRA contributions for the 2019…
What Does the Secure Act Mean for Individual Investors?
Doug English, CFP®, discusses 3 provisions in the SECURE Act that impact individual retirement accounts.