Weekly Market Recap – October 17, 2022
The Markets (as of market close October 14, 2022) Wall Street closed generally lower last week, with only the Dow able to garner a gain. The latest data showed inflation is stubbornly rising, which could lead to more hawkish rate hikes from the Federal Reserve. While some big financial institutions reported solid third-quarter earnings, a […]
Weekly Market Recap – October 10, 2022
The Markets (as of market close October 7, 2022) Market gains early last week were enough to outpace declines later, as stocks enjoyed their best weekly gains in a month. The Russell 2000, the Dow, and the Global Dow paced the benchmark indexes. The S&P 500 climbed higher, while the Nasdaq was able to hold […]
Azzad Asset Management named again to CNBC FA 100 List
FALLS CHURCH, Virginia (October 4, 2022) – Azzad Asset Management announced today that it has once again been named to the CNBC FA 100 a ranked list of wealth management firms that offer the most comprehensive planning and financial services to help clients navigate their financial lives. The firm said in a statement: “Being named […]
Weekly Market Recap – October 3, 2022
The Markets (as of market close September 30, 2022) Wall Street ended a very tepid month of September on a downswing. Each of the benchmark indexes lost value last week, as investors continued to worry about the impact the Federal Reserve policies will have on the economy. The 0.3% increase in the August personal consumption […]
What to do when your income reaches 7 figures
Did you recently add a second comma to your bank balance? Has a recent financial event raised your net worth to the next level? It’s an exciting time, whether it’s the result of your long-term goals (e.g., from the sale of a business), a windfall transfer of wealth, or a key promotion. You’re probably already […]
Have you formalized your charitable giving strategy?
The end of the year is nearly here, which means the season of giving is upon us. Have you determined your charitable giving strategy for 2022? Being intentional in your giving benefits your charities of choice and may help manage your taxable income. Get started To make the most of your giving strategy, first, you […]
Weekly Market Recap – September 26, 2022
The Markets (as of market close September 23, 2022) Investors endured their second harrowing week in a row as the Federal Reserve continued to raise interest rates aggressively to combat inflation. New signs of slowing global growth and Russia’s threats to escalate the war in Ukraine provided more reasons for selloffs in the stock and […]
Weekly Market Recap – September 19, 2022
The Markets (as of market close September 16, 2022) Inflation is still rising, albeit at a slower pace, according to the latest data out last week. This will likely support further interest-rate increases from the Federal Reserve and worries of a resulting economic recession. Stocks retreated, culminating in the worst week since June. The Nasdaq […]
Client note on volatility and inflation
If you’ve felt like stock prices have been more volatile in 2022 than in recent years, you’re right on the money. Let’s take a look. Big picture The S&P 500 has posted 81 daily moves of at least 1% through August. Of those moves, 39 have been to the upside and 42 to the downside. […]
Weekly Market Recap – September 12, 2022
The Markets (as of market close September 9, 2022) Are investors accepting the Federal Reserve’s hawkish path to reduce inflation? Last week’s market performance may lend credence to that possibility, as each of the major benchmark indexes posted solid gains, reversing three weeks of losses. A jump in tech shares pushed the Nasdaq up to […]
