Last 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. . .

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I 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.

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As 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…

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It 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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Let’s take a look at the chart above that I look at every day the stock market is open.  This is a chart of the S&P 500 with several data points. 

Specifically, it shows the following:

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The markets started to turn around in the last week of April and then continued their momentum until the last week of May.  As you can see by the numbers above, the stock and bond proxies we follow were up substantially in the past four weeks. This shows that money was coming off . . . .

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April was a tough month for the stock and bond markets. 

However, last week, we saw one of the best weeks in a long time, as the S&P had 4 winning days and only one down day. 

The S&P was up 2.65% the week of April 22nd through April 26th. 

It appears that there is a struggle going on between the “bulls” and the “bears”. 

Time will tell to let us know if we can . . .

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