We wanted to share a concise comparison of the changes effected by the passage of the Tax Cuts and Jobs Act. CGC Accountants and Advisors in Palm Desert prepared the side-by-side comparison. Click here to download. If you have any questions, please call or email us. Sincerely, Fortem Financial … View More
The question is where does the market and economy go from here? With tax reform looking like it will pass this week, unemployment at or below 4% and an accommodative Federal reserve and reductions in regulations, we think there is still more room to run in 2018 and beyond. Yes there may be a pause but we think that pause will be the one the refreshes, instead of one that undermines current gains. Stocks rose to all-time highs on Friday as expectations rose for passage of tax reform; severa… View More
Because a picture is worth a thousand words, we wanted to share a few pictures of what a bubble looks like. Many of us experienced our first memorable bubble in the 1990s. It's come to be known as the "Tech Bubble," and this is what it looks like on a chart. Between January of 1995 and December of 1999, a 5 year window, the Nasdaq grew to 9.1 times is starting value. It was one of the most exciting periods the stock market had ever known. However, the Nasdaq Victory Party ended… View More
The Federal Reserve did what just about everyone expected earlier today and raised short-term interest rates by 0.25 percentage points. The federal funds rate is now in a range from 1.25 - 1.50% and the Fed is now paying banks 1.50% on their reserve balances. Today's move was the third 25 basis point rate hike in 2017, matching the Fed's median projection for rate hikes that it made a year ago. At present, the Fed's "dot plot," which it releases at the last meeting of every calendar quarter, p… View More
Stocks were little-changed last week as the conference committee convened to reconcile the differences between the House and Senate tax bills. Several challenges remain, but momentum for a compromise remains strong; Republicans hope to have the bill on the president’s desk before Christmas. Financials, Industrials, and consumer-oriented stocks outperformed; these areas should benefit the most from tax reform and deregulation. Utilities was the worst performing sector as dividend-yieldi… View More