NESTEGG NEWS - March
The Dow Jones (30 biggest companies in America) reached new highs last month based in part on optimism for President Biden’s $2 trillion infrastructure spending plan. Markets were also confident about increased vaccination rates and “herd immunity” potentially in early.
The selloff in Technology stocks last month has abated and technology stocks have stabilized in recent weeks.
Some analysts are calling this a Bunny Market with stocks hopping up and down the past several months. Well named for our weekend celebration.
If you owe more taxes for 2020 than you would like, please provide us a copy of your tax return. We recently purchased an improved tax analysis software, that can help us identify ways to improve your tax outcome for 2021.
Rates continued to climb last month as the Federal Bank tries to control inflation. The fed has allowed interest rates to rise in the past 6 weeks, which contributed to the selloff in technology stocks last month. 30-year fixed mortgage rates are now above 3%, which could slow our national housing market if rates continue to rise.
We trust you found this review to be educational and informative.
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As always, we are honored and humbled you have given us the opportunity to serve as your financial advisors.