Posts by Scarlet Oak
Economic data painted a mixed picture of the economy
In this week’s recap: Accommodative Fed policies lead to inflation concerns. Weekly Economic Update THE WEEK ON WALL STREET Rising bond yields dampened investor enthusiasm for high-multiple growth companies last week, sending market averages mostly lower in a holiday-shortened week of trading. The Dow Jones Industrial Average gained 0.11% for the week. But…
Read MoreAnnual Tax Guide – A Guide to 2021 Tax Law Changes
How to Prepare for Tax Season In this guide, we’ll explore ways to help you prepare for the upcoming tax season. Keep in mind, this guide is for informational purposes only and is not a replacement for real-life advice, so make sure to consult your tax, legal, and accounting professionals before…
Read MoreEconomic Expectations Rising
In this week’s recap: Vaccinations and declining case numbers result in economic optimism; Fed Chair says no change for now. Weekly Economic Update THE WEEK ON WALL STREET Stock prices inched higher last week amid declining COVID-19 cases, a pick-up in vaccinations, and progress on a fiscal relief bill. The Dow Jones Industrial Average…
Read MoreOptimism On An Improving Economy
In this week’s recap: The markets went back to basics this week, showing optimism for positive COVID-19 news. Weekly Economic Update THE WEEK ON WALL STREET Stocks notched strong gains last week, paced by a string of solid economic reports and consensus-beating corporate earnings. The Dow Jones Industrial Average gained 3.89%, while the Standard &…
Read MoreWhat You Need To Know About Second-Draw PPP Loans!
The Paycheck Protection Program has been reestablished with $137 billion for second draw loans for still struggling small business owners. Second-draw PPP loans are open to businesses that applied for the first round of money back in the spring of 2020. PPP loans look to create a second infusion of money to small businesses that…
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