Market Memo – Planning Article
April 2023 – By Tom Rueger, J.D., CFP®
A Power of Attorney is an important part of lifetime planning. A Power of Attorney is a document that allows you to choose who will act for you, when they can act for you, and what their decision-making authority will (or will not) be. In a worst-case scenario, if you do not have a Power of Attorney and you are unable to manage your affairs, a court will have to appoint one or more people to act for you, costing time, money, and potential lost opportunity.
April 2023 – By Bob Veres
This is your captain speaking…
When you’re on a commercial flight, and the plane is approaching turbulence, the captain comes on the intercom to let you know to buckle up and expect ‘rough air.’ There should be similar warnings about ‘rough air’ in the markets, and this is a good time to offer one.
April 2023 – By Scott Rosenquist, CFA®
Employment data for the month of March showed continued job growth but at a more subdued pace compared to the start of the year. According to the Bureau of Labor Statistics (BLS), nonfarm payroll employment increased by 236,000 last month with the unemployment rate inching lower to 3.5% as more people entered the workforce. The headline number was close to economists’ expectations after several months of data coming in above estimates. Job gains were again concentrated in the service sector of the economy with leisure and hospitality leading the gains for the month.