Student Loan Repayment Delayed Again to Future Date in 2023
The Biden administration has announced another extension for repayment of federal student loans to an unspecified date in 2023 due to legal challenges that have blocked the implementation of the student loan debt relief program. The previous payment moratorium was set to expire on December 31, 2022. Under the new extension, student loan payments will resume 60 days after the student loan debt relief program is implemented or the lawsuits are resolved. If the courts have not resolved the issue by June 30, 2023, [...]
Fact Of The Week: July 20, 2022
The June CPI reading was the highest we’ve seen since 1981. DID YOU KNOW? Th June CPI reading of 9.1% was the highest we've seen since November 1981. Source: Bureau of Labor Statistics
Fact Of The Week: July 13, 2022
Historically, the S&P 500 has an average recovery of 23.8% after it declines by >15% during the first half of the year. DID YOU KNOW? There are only 5 other instances of the S&P 500 down >15% to start the year. On average, they returned 23.8% during the second half of the year. Source: First Trust Portfolios LP
Fact Of The Week: July 6, 2022
How are you dealing with our current market environment? Contact us for a complimentary discussion. DID YOU KNOW? The S&P 500 had the worst first half of the year since 1962. Source: Compound Capital Advisors
Fact Of The Week 22 June 2022
Median sales price of existing homes continue to increase. DID YOU KNOW? The median sales price of U.S. existing homes rose above $400,000 for the first time, a 44% increase over the last 2 years. Source: Wall Street Journal, Compound Capital Advisors
Fact Of The Week 15 June 2022 | Treasury Yields
Treasury Yields have been increasing as the Federal Reserve attempts to combat inflation. DID YOU KNOW? The 1-Year Treasury Yield is at its highest level since 2008. Source: Compound Capital Advisors This material is for informational or educational purposes only. Signature Wealth Management Group is registered as an investment adviser with the SEC. Signature Wealth Management Group only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. Investing involves risk including the potential loss [...]
Fact Of The Week 8 June 2022 | Unemployment Rate
Unemployment has stayed steady over the last 3 months at 3.6%, slightly above the pre-pandemic unemployment level of 3.5%. DID YOU KNOW? Employers added 390,000 in May, while unemployment stayed steady at 3.6%. Source: Wall Street Journal This material is for informational or educational purposes only. Signature Wealth Management Group is registered as an investment adviser with the SEC. Signature Wealth Management Group only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. [...]
Inflation at the Gates
this year I set out the case for why the American consumer is seeing inflation at the highest levels since the 80’s (see article titled “Kindling for the Inflation Fire”). Fast forward a few months later, and we’re still in a high inflationary environment. But, rather than continue to spend time discussing the cause of inflation or ways the Fed could fight it, I figured it would be worth our time discussing issues we can actually control. So, here is a [...]
Fact Of The Week 1 June 2022 | E-Commerce Sale
US E-commerce sales are still increasing, but at a much slower rate than what we have seen over the last 10 years. DID YOU KNOW? US E-commerce sales increased by 6.6% year-over-year, which is the slowest growth rate since 2009. Source: Compound Capital Advisors This material is for informational or educational purposes only. Signature Wealth Management Group is registered as an investment adviser with the SEC. Signature Wealth Management Group only transacts business in states where it is properly registered, or is [...]