Three Stories Affecting Your Wealth This Week
It was a difficult week for investors, as the Standard & Poor's 500 stock index closed lower for the third straight week. The S&P 500 Index sank 1.3% on Friday. Closing at 2,752.06, the S&P 500 index was 6.5% from its all-time high on April 30th.
Friday's stock market drop came after President Donald J. Trump threatened late on Thursday that, unless the flow of South American migrants crossing into the U.S. through Mexico is reduced, the U.S. would impose a 5% tariff on imports from Mexico starting June 10th, which would raise the levy on goods coming from Mexico by 5% a month to 25%.
The last of the three big stories affecting investors this past week was the passage of sweeping tax legislation by the U.S. House of Representatives on May 29th. Entitled, "Setting Every Community Up for Retirement Enhancement Act of 2019," the SECURE Act is expected to be passed by the Senate and has the support of President Donald J. Trump. Although the legislation may not be signed into law until late this year, individuals with retirement accounts should consider how its enactment will affect them and their beneficiaries.
- Small-Business Optimism Declines But Remains High
- Analysis Of New Employment, Manufacturing & Service Economy Data
- Quarter Ends Well Despite Trade War, Inverted Yield Curve & Political Crisis
- No Recession But A Slower Pace Of Growth
- Fickle Financial Headlines Brighten
- Economy Gets Bad Press Again
- Europe's Growth Problem And Your Portfolio
- Stocks Dropped 2.6% On Friday, As Reality Gap Seemed To Widen
- A Prudent Perspective On Recent Volatility
- A Tale Of Two Economies
- Amid Worries, New Equity Risk Premium Data Explained
- GDP Rose More Than Expected; Stocks Top Record Again
- Slower Growth Confirmed By June Leading Economic Indicators
- Stocks Closed At A Record High; Should You Worry?
- Amid Record Stock Prices, Fed Policy Is A Risk
- Uncle Sam Delivers A Strong Economy
- A Dramatic Pause, As Expansion Breaks Longevity Record
- The Explosion In Real Retail Sales You Never Hear About
- Amid Signs Of Weakness, Fed Reverses Course; Stocks Rally
- Three Stories Affecting Your Wealth This Week
- Buried In The Fed's Financial Stability Report, A Potential Risk To Investors
- Forget Everything You Know About Inflation
- China Trade War Sparks Fear But Not Stock Losses
- Surprisingly Good Productivity, Jobs, Inflation And Trade News