Beyond the Bell

Illustration of chess game with magnificent seven logos and

How Are the Magnificent 7 Faring Through Earnings Season?

The S&P 500 closed last week down 0.42% ending a five-week winning streak and pulling back from a string of record-breaking highs. The dour mood continued into the beginning of this week and the S&P 500 only barely squeaked out a positive return in the last few minutes of trading on Wednesday leading up to the Nvidia earnings release only to turn on a dime and power back on Thursday. There are explanations for this activity which I’ll explore below. However, the bottom line is that volatility is back in the markets, and we are seeing that in the reactions to earnings announcements this quarter. As of Wednesday night, the companies dubbed the Magnificent 7 have all reported earnings and they seem as good an example as any to explore how changing expectations are impacting stock prices.

Mountain landscape with child in a field of wheat looking up in amazment

Insights: Back to the Basics

As I’ve gotten older, I have liked the idea of setting intentions for myself, deciding to grant mental real estate to things I’d like to spend more time doing or trying. These aren’t New Year’s Resolutions about abstaining from alcohol or getting my heart rate up 5x per week (or other new habits that die quickly about this time of year). These are… bigger than that, but also simpler than that. And that is what makes them challenging.

Green soccer field from above

 A Guide to the 72(q)/72(t) Distribution Method 

In this episode of StreetSmarts, Dylan Potter, Vice President and Wealth Manager at Howe & Rusling, delves into the intricacies of Section 72(q)/72(t) of the tax code, which provides a distribution method that will allow you the flexibility to draw on retirement accounts, penalty-free, before the age of 59 ½.

Kodak slide of beach held up into the light of a sunset

“Optimism is a Moral Duty”

This newsletter is going to come across a bit disjointed. There are a couple different topics I wanted to touch on, so I thought I’d do a bit on each topic running through my head in quick fashion.

Should Investors Worry About the U.S. Presidential Election?

Investing in an Election Year: Should Investors Worry About the U.S. Presidential Election?

Should Investors Worry About the U.S. Presidential Election? Happy New Year, everyone! I know we’re already nearly a month into 2024, but this is my first article to our clients in the new year and I just took down my Christmas tree embarrassingly late in January, so it still feels appropriate. At the beginning of every year, the financial media is awash in market forecasts. It should come as no surprise that I am not one for market predictions, but it is valuable to consider the developments so far in 2024, understand the market environment we find ourselves in today, and think about the challenges and opportunities the coming year may have in store. One topic I expect to come up in conversation this year is the upcoming U.S. presidential election. Throughout my career, every presidential election cycle has brought fresh anxiety for investors and questions about what a given election outcome might mean for the markets. So, we’ll consider that question today and hopefully avoid some apprehension later.


Market Outlook Winter 2024

As we start 2024, we make the following observations about what we believe are the most important uncertainties that will impact investments in 2024. (1) Will inflation continue to fall as expected towards the Fed’s 2% target? (2) Will there be a recession? (3) Will artificial intelligence adequately deliver on its promise in 2024?Notably, investors’ opinion on the first question is resoundingly “yes.” Investors’ opinion on the second question has shifted during the last several months and there is now a strong consensus opinion that the answer is “no.” Based on the performance of technology stocks in 2023 and high relative valuations, it seems clear that investors expect a lot from artificial intelligence in 2024. Read along as we explore these questions in more detail.


How to Plan for the 2025 Sunset of the Federal Estate Tax Exemption 

As of January 1, 2026, the current lifetime estate and gift tax exemptions will sunset and revert to 2017 amounts (adjusted for inflation), resulting in exemptions that will be half of what they are now. Families that face estate tax liability in 2026, roughly speaking if your assets are at, above, or will grow to $5 million at the time of death, could potentially save a significant amount by making strategic changes to their estate and financial plans now.


Discover Our Team’s Must-Reads from 2023

As the year draws to a close, our team at Howe & Rusling has gathered to share the books that have resonated most with us in 2023. From heartwarming novels to insightful non-fiction that sparks introspection, these recommendations reflect the diverse tastes and passions of our team members. Whether you’re in for a wild adventure, a good laugh, or a deep dive into the human experience, we’ve got a book for you. So, grab a cozy blanket, brew a cup of something delightful, and get ready to update your reading list!