Join us for the next edition of our monthly series where each of our team members at TFP share something their reading that we think you might enjoy too.
Bob Heykoop’s Choice: Barrons – PCE Inflation Data Report
As we close out the month of November we saw the S&P 500 have the best month (+8.92%) since November of 2020 (+10.75%). All major indexes had a great month just in time for the holidays! We also saw the annual rate of inflation (PCE Deflator) drop to 3.5% and the 10-year Treasury rate drop -10.73% in November to 4.3520%.
- S&P 500…November +8.92% YTD +18.97%
- DOW…November +8.77% YTD +8.46%
- NASDAQ…November +10.70% YTD +35.92%
- Russell 2000…November +8.72% YTD +2.61%
Please take a little time to read or listen to Jack Denton’s take on our economy in todays issue of Barrons for what we may begin to see starting in March of 2024….
Have a great holiday season with your family and friends!
Drew Barnes’ Choice: MarketWatch – The IRS Just Revealed 2024 Income-Tax Brackets
Due to high inflation in 2022, 2023 we brought the largest increase to the tax brackets (7%) in decades. With inflation still elevated this year, the IRS announced a 5.4% increase for income tax brackets for 2024. Here is a look at what the brackets will increase to along with other items such as the Standard Deduction.
Andrew Rhoads’ Choice: SmartAsset – 7 Critical Tips for Estate Planning
This article covers some very important things to think about when it comes to estate planning. You do not need to be a high-net-worth individual to have a need for an estate plan. Having no plan in place can be the cause of many issues for your heirs. I encourage you to begin the process first by reading this article today!
Pete Koury’s Choice: Dr. David Kelly – The Remarkable Resilience of Corporate Margins
Dr. Kelly with J.P. Morgan states, “As we enter the last month of 2023, investors have much to be thankful for.
The economy has avoided recession so far, inflation is falling, some geopolitical risks are easing and long-term interest rates have fallen from their peaks”,
please read the rest of the article for his thoughts going into 2024.
Bryan Bolls’ Choice: Bloomberg and Reuters
Energy independence is good for the US economy and two articles recently highlighted some good news on that front.
*Certain information contained herein has been obtained from third party sources and such information has not been independently verified by TFP. No representation, warranty, or undertaking, expressed or implied, is given to the accuracy or completeness of such information by TFP or any other person. While such sources are believed to be reliable, TFP does not assume any responsibility for the accuracy or completeness of such information. TFP does not undertake any obligation to update the information contained herein as of any future date.
