Homeowners and Car Buyers can Save with New Energy Tax Credits as part of the New Inflation Reduction Act The Inflation Reduction Act was just signed into law on August 16, 2022. This sweeping law covers many areas, but one that we believe to be of interest to most Americans is how homeowners and car [...]
The gross domestic product (GDP), which is considered the first estimate of national economic growth, was reported this week at a decline of 0.9 percent from last quarter. This is the second consecutive decrease, although it’s an improvement over last quarter’s drop of 1.6 percent. By some definitions, a recession is identified by declines in [...]
Matt Glova was featured this week on Aging Matters with Transitions LifeCare. Matt & host Mary Lucas discuss financial planning, managing assets and avoiding scams. Be sure to take a listen here!
Presented by Matt Glova and the LifeTime Asset Management team: Weekly Market Update, July 25, 2022 U.S. Treasury yields were down last week as expectations of a recession and a potential slowdown in rate increases from the Federal Reserve (Fed) were reflected in fixed income markets. Economic data releases suggested a slowing of the global [...]
As we enter the second half of the year, the outlook might appear grim at first glance. Covid-19 continues to spread, both here and worldwide. Inflation remains close to 40-year highs, and the Federal Reserve (Fed) is tightening monetary policy to fight rising prices. The war in Ukraine is ongoing, and it threatens to become [...]
Presented by Matt Glova and the LifeTime Asset Management team: Weekly Market Update, June 27, 2022 After the Federal Open Market Committee (FOMC) raised the federal funds rate 75 basis points (bps) at its June meeting, Federal Reserve (Fed) Chair Jerome Powell testified to Congress on the state and development of the U.S. economy. Last [...]
LifeTime publishes a quarterly newsletter with a compilation of topics, from happenings at LifeTime to market news and updates, from a client spotlight feature to client polls and trivia. It's worth taking a look! Our second quarter newsletter features: LifeTime's sponsorship and participation in a charity golf tournament Matt Glova being named in Forbes' Best-In-State [...]
Whether you’ve seen the prices at the pump, clicked on the headlines, or overheard discussions in the grocery store, you know the rising cost of gas has everyone talking. At the start of the summer driving season, the average price of regular gasoline in the U.S. reached an all-time high, surpassing $4.50 per gallon. Inflationary [...]
Presented by Matt Glova and the LifeTime Asset Management team: Weekly Market Update, May 31, 2022 The Federal Open Market Committee (FOMC)’s most recent meeting minutes were released last Wednesday and provided further support for the market’s expectation of back-to-back 50 basis point (bp) rate hikes at the June and July meetings. Global equities posted [...]
Two great articles taking a closer look at current market conditions: Why is the Stock Market Going Down? The economy seems to be doing well, with job growth still at high levels, consumer spending still healthy, and businesses continuing to invest. But the stock market—which is supposedly a barometer of that economy—is acting very differently. [...]