2023 Tax Calendar
VIEWpoint Issue 2 | 2022
Inflation Reduction Act: Highlights of Key Changes for You and Yo...
HUD Strengthens the Effects Test
President Biden’s Proposed Budget Includes Notable Tax Provis...
IRS Issues Another Warning Against Employee Retention Credit Scam...
The S&P 500 soared 7.2% during the third quarter, the best quarter since Q4 2013. These solid gains occurred due to strong earnings reports, with S&P 500 companies reporting a second consecutive quarter of 25% earnings increase. The markets were able to ignore the back and forth media attacks between China and the United States, as trade war tariffs escalated.
The third quarter market performance pushed the S&P 500 up 8.99% for the year, with large-cap growth having the top performance of the Morningstar nine-square grid style box (large, mid, small/value, blend and growth). The Polaris Greystone strategies have fared very well given that the Russell 1000 Value Index, our nearest benchmark, is only up 4.36% for the year.
We remain very bullish about the markets over the next 12 months. Here is why we think the markets will go higher from here:
While all the technical research points to a strong market and our macroeconomics look good, the sentiment looks a little frothy, but not out of the spectrum of normal. As a result, we remain bullish going into the fourth quarter. Contact one of the financial advisors at Polaris Greystone to review your portfolio to ensure you are prepared if risk changes.
Polaris Greystone Financial Group, LLC is a federally registered investment adviser. The information, statements and opinions expressed in this material are provided for general information only and are subject to change without notice. This material does not take into account your particular investment objectives, financial situation or needs, is not intended as a recommendation to purchase or sell any security, and is not intended as individual or specific advice. Investing involves risk and possible loss of principal capital. Advisory services are only offered to clients or prospective clients where Polaris Greystone Financial Group, LLC and its representatives are properly licensed or exempt from licensure. No advice may be rendered by Polaris Greystone Financial Group, LLC unless a client service agreement is in place.
This publication is distributed for informational purposes only, with the understanding that Doeren Mayhew is not rendering legal, accounting, or other professional opinions on specific facts for matters, and, accordingly, assumes no liability whatsoever in connection with its use. Should the reader have any questions regarding any of the news articles, it is recommended that a Doeren Mayhew representative be contacted.
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