According to a 9/21/24 NewsNation article, CEO turnover is up over 50% from the previous year.
It’s not just in our industry. But major companies like Starbucks, Nike, and Boeing to name just a few.
And it seems that every week there is another CEO stepping down (or being forced out) in the financial industry.
Is there an underlining “cause” for the increase in 2024?
Read MoreI hope you had a Happy Halloween!
I am not sure how I had any candy left for the trick o treaters as I have been eating all the Kit Kats and Peanut Butter Cups I bought over the weekend for them.
Fortunately, all the candy is gone, so I will slow down my candy habit.
Speaking of slowdowns, the markets have dramatically slowed down. . . .
Read MoreHappy October 1st!
The S&P 500 (the “proxy” we use for the American Stock market) fell for the first week of September. Then it went almost straight up for the last three weeks. Just as predicted in last month’s Confident Chronicles. In fact, there were only four down days in the last three weeks of September.
The market dropped over four percent in the first week and then rose over six percent in the last three weeks.
We will see if the upward market momentum . . .
Read MoreLast night I was chilling in my pool around 8pm after playing a couple of hours of pickleball (I live in Florida, don’t judge! - lol)
I opened a Sam Adams (Octoberfest) and picked up my cell phone.
I was surprised by the number of emails I received forwarding me the “breaking news” from Financial Advisor IQ. The title of the article was, “Fidelity to Block Credential Sharing on 401(k) accounts; Pontera Rallies FA Troops”. (Click the picture below to read the full article).
I was not shocked by Fidelity’s decision and here is why. . .
Read MoreI hope that you and your family had a great Labor Day weekend!
I know that I did. I celebrated the birth of the Employee Retirement Income Security Act (ERISA).
ERISA turned 50 years old on September 2nd!
This law was very monumental, as it gave birth to the 401(k), which has changed the retirement industry completely.
But I digress, another month has gone by and we saw another month of extreme volatility.
Read MoreAs predicted in the 8/1/2024 Confident Chronicles, the stock market has suffered from continued volatility.
Today at 9am EST clients using the Plan Confidence Semi-Tactical models received an email / “push” notification on their phone letting them know new advice is ready.
We have moved the Semi-Tactical models into a very “defensive” posture due to…
Read MoreIt looks like the summer rally lasted for about four weeks.
The month of July has been just as volatile as this whole year has.
The beginning of the month started out strong with the S&P 500 rising about 3.5% in the first two weeks. Then it peaked around July 16th and started a decline of 4%, ending up almost where it started.
It seems every day. . .
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