What a difference a year can make. Last April, we were discussing the uncertainty and unprecedented events of the early pandemic. The daily headlines seemed to rotate between record unemployment claims, increasing infection rates, a locked down economy, and a wildly volatile stock market. In contrast, our attention today is focused on millions of new jobs being added to payrolls, ever-higher vaccination rates, an economy that is opening up, and one of the strongest one-year stock market returns ... [Continue Reading]
Articles and resources related to Market Volatility.
Markets, Values, and Expectations Are in a Much Different Place Now On this day one year ago, the S&P 500 closed at 2,237. 1 Investor pessimism about the ramifications of a global pandemic were at a peak, and it was becoming clearer that this health crisis was going to turn into a severe economic downturn. The S&P 500 closed that day down 33.9% from its all-time high of 3,386, set just a few weeks earlier on February 19. 2 The intensity of this market ... [Continue Reading]
Reflecting on a year gone by is often, at least to some extent, an exercise in revisionist history. This isn’t necessarily a bad thing; many of the differences between our memories and experiences are minor and inconsequential. In some cases, the variations in these realities can help us persevere and move out of the past and into future endeavors. But as investors, revising the memories of the past can be problematic and potentially hinder future success. Behavioral finance is the study of ... [Continue Reading]
Tax planning shouldn’t just happen in the last quarter of each year. In the video Tax-loss Harvesting: A year-round Tax-planning Strategy, CCM Chief Investment Officer Adam Hoffmann, CFP®, AIF®, discusses how CCM leverages tax-loss harvesting—selling securities at a loss—to improve clients’ total financial plans. Capturing losses provides flexibility to our tax and investment teams such that they can reduce the tax impact of future rebalancing activities, or lessen clients' overall tax ... [Continue Reading]
As a companion to the article CCM Senior Investment Strategist James Yaworski, CFA, wrote—Déjà Vu—2020 or 1999?—CCM Founder and CEO Greg Carlson, CFP® interviews James to gather a bit more detail on how today's market performance compares to that of 1999. NOTE: The information provided in this video is intended for clients of Carlson Capital Management. We recommend that individuals consult with a professional advisor familiar with their particular situation for advice ... [Continue Reading]