Covenant Wealth Strategies' News (August 21 - March 22)

The U.S. has cut off major Russian banks from the SWIFT secure messaging system - severely limiting the banks’ ability to participate in international transactions.

Russian military forces attacked a broad range of targets across Ukraine last night while Russian President Putin vowed to replace Ukraine’s government.

It has been easy to overlook the fact that getting Omicron in the rear view mirror is a huge step toward a fully functioning economy

As you prepare to file your taxes, there are a number of important dates and information to keep in mind.

The Consumer Price Index (CPI), the most well known measure of inflation, climbed 7.5% over the last year through January - its highest reading since 1982.

After a tough start for stocks in 2022, investors are looking for reasons to expect a rebound. 

This preeminent award is presented to less than 0.5% of the firm's more than 19,000 advisors nationwide, affiliated with LPL Financial. 

Markets started to pull back Wednesday, which resulted in the biggest one-day decline for the Nasdaq since last February. 

In many ways, 2021 was a good year for the markets. It also reinforced some basic market lessons that are hard to learn, even if they are not new.

Covenant Wealth Strategies wishes you and your loved ones a very Merry Christmas and Happy Holidays!

The Federal Reserve (Fed) recently ended its two-day Federal Open Market Committee (FOMC) meeting and as expected - there were some notable shifts to monetary policy.

The IRS recently announced that beginning in 2022, taxpayers will be allowed to contribute an additional $1,000 into their 401(k), 403(b) and most 457 plans.

Omicron - the new COVID-19 variant, which apparently originated in South Africa was named as a ‘variant of concern" by the WHO last Friday.

Perhaps this year, more than ever, Thanksgiving gives us an opportunity to appreciate what we have – family, friendships and a sense of connection. 

It’s that time of year where many people begin thinking about everything they have to be thankful for.

For those who are charitably inclined and/or are subject to Required Minimum Distributions (RMD), it is important to note that the year-end deadline is just around the corner. 

The S&P 500 Index has gained more than 20% so far this year - making more than 50 record highs along the way.

The Social Security Administration recently announced that the cost-of-living adjustment (COLA) will be 5.9% in 2022.

Medicare open enrollment this year is from October 15 - December 7, 2021. 

The calendar turned to October and volatility instantly picked up in a big way - with three consecutive 1% moves for the S&P 500 Index to start the month. 

October has long been a source of anxiety for stock investors.

The financial services industry is seeing a massive increase in fraudsters, scammers and criminals trying to take advantage of investors. 

With the discussions in Washington heating up, we’ve heard more in the media about a potential government shutdown later this year.

First-time investors often find the process intimidating and let's be honest - even those with an extensive portfolio may still not quite understand  all the complexities. 

The Federal Reserve (Fed) ended its two-day Federal Open Market Committee (FOMC) meeting last Wednesday (9/22).

Chinese property developer Evergrande’s liquidity crisis has sparked fear and massive selling in Chinese property stocks over the past several weeks. 

Business sentiment on Main Street has declined in recent months as the economy navigates the latest wave of COVID-19. Nevertheless, sentiment remains elevated as business leaders look past current obstacles. 

As part of our commitment to delivering proactive concierge service to our clients, Covenant Wealth Strategies is pleased to share that we have added two new Virtual Assistants from LPL Financial to support our continued growth.

Stocks gained again in July, with the S&P 500 Index now up six months in a row! We've highlighted a few data points and reminders to keep in mind for the month of August.

Please welcome Dan Crisona who joins us as a Client Concierge! 

The National Bureau of Economic Research (NBER) recently announced that the COVID-19 recession is over.

U.S. consumer prices rose in June 2021 at the fastest pace since August 2008.

While the speed can be exhilarating as economic growth accelerates, it can also be dangerous. Read more in our latest Mid-Year Outlook: 2021: Picking Up Speed and join us for our upcoming event on 8/12!

The IRS recently announced additional details and changes to the Child Tax Credit (CTC), outlined in the American Rescue Plan. We've included several key highlights in our communication.