Weekly Market Recap | August 26, 2024

Week in Review Equity Markets: The markets continued their recovery last week. The S&P 500 finished the week up 1.47% as market breadth increased. Small-caps were the top performers last week with the Russell 2000 ending the week up 3.62%1. The prospects of lower borrowing costs helped propel more economically sensitive stocks higher. The spread between growth and value was…

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Weekly Market Recap | August 20, 2024

Week in Review Equity Markets: The S&P 500 recovered from the prior week’s decline and notched its best performance of the year, ending the week up 3.99%1. The rebound was supported by continued positive reports on inflation, retail sales, and consumer sentiment. Improving sentiment propelled the Russell 1000 Growth to a weekly performance of 5.27% relative to its value peer’s…

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Weekly Market Recap | August 5, 2024

Week in Review Equity Markets: The S&P 500 continued its skid notching the third negative week in a row. The S&P ended the week down 2.05% and is now 5.7% below its all-time high of 5,669 set on July 16. The NASDAQ finished last week in correction territory, down 10.1% from its most recent high on July 10. The recent…

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Weekly Market Recap | July 29, 2024

Week in Review Equity Markets: The rotation in the markets continued last week. The S&P 500 finished the week down 0.82% and the NASDAQ finished down 2.08%, marking both indexes’ second consecutive negative week. The Dow Jones 30 finished up 0.77% and, again, small-caps shined finishing the week up 3.47%1. The recent rally from small caps has brought the Russell…

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Avoid the “Step-Down in Basis” Pitfall | Krilogy Tax Services

A commonly known provision of the tax code is the step-up in basis rule; many taxpayers encounter this when inheriting appreciated assets. A lesser-known and tricky related provision is the step-down rule, which can be a potential hazard causing losses to remain unrealized. This, in turn, leads to possible tax savings disappearing into thin air. As background, the IRS allows…

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Weekly Market Recap | July 22, 2024

Week in Review Equity Markets: The S&P 500 fell 1.95% last week as the market rotation strengthened. The Russell 1000 Growth fell 3.95% as the Technology Sector struggled1. Investor sentiment has shifted in favor of value stocks over the past two weeks. Despite the headline weakness of the other indexes, the Russell 1000 Value finished the week up 0.67%1. Another…

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Weekly Market Recap | July 15, 2024

Week in Review Equity Markets: The S&P 500 rallied 0.89% last week as we saw a broadening out in market participation. Lower rates helped push recently out-of-favor sectors higher. The top-performing sector in the S&P 500 last week was Real Estate, finishing the week up 4.4%, but it remains the worst-performing sector on the year being up 1.61. Another rotation…

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Quarterly Market Newsletter | July 2024

Q2 2024 Review Equity Market Through the first half of the year, the S&P 500 has rallied 15.3%, largely fueled by the handful of mega-cap technology companies on the leading edge of the AI Boom. In fact, over half of the index’s return can be attributed to five stocks[1]. Market breadth remained narrow through the second quarter. According to Morgan…

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Weekly Market Recap | June 24, 2024

Week in Review Equity Markets: For the eighth week out of the past nine, the S&P 500 ended positive. The S&P 500 has recorded 31 new all-time highs so far in 20241. Despite the market’s concerns about a slowing economy, an overly restrictive Fed, and stick inflation; the S&P 500 has rallied 15.36% year-to-date. The rally so far has been…

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Weekly Market Recap | June 18, 2024

Week in Review Equity Markets: The NASDAQ and S&P 500 continued their climbs to new record highs last week. The S&P 500 ended the week up 1.6% while the NASDAQ finished up by 3.3%. Large Cap Growth continues to outpace its value counterpart. The Russell 1000 Growth finished the week up 3.48% and the value index fell 1.11% as investors…

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