Instructions to retrieve 2021 Tax Documents are found under Resource Center – Tax Forms.

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Why are stocks in rally mode? In less than a week, 10-year bond yields have fallen by .4 percentage points, the dollar has decreased by 5 percent, and 30-year fixed mortgages have dropped by .5 percent sending home prices down .3%, according to CoreLogic. Oh, and this week we learned that in August job openings fell by over 1 million!

Stocks are on fire because bad news lowers rates, which lifts asset values. If the economy continues its sputter, the Federal Reserve may ease its tight monetary grip.
Financial markets are forward-looking; they anticipate what’s around the bend. Presently, it appears Mr. Market likes what he’s seeing in the offing. 

Correct, bad news has morphed into good news, a sign of what’s to come.

Sources: BLS, Yahoo Finance, Fannie Mae

Disclosures: Any views, thoughts, and opinions pertaining to the subject matter presented in this post are solely the author’s subjective opinions and do not reflect the official policy or position of 1st Discount Brokerage, Inc. Information is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and are not guaranteed. Past performance is no guarantee of future results.

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