Still Stuck in a Trading Range & 10 Myths of Retirement Planning

Trading Range & the Fed

The Money Wise guys are back again with another rapid-fire market recap. Last week, the Dow was down, the S&P 500 was down, and the NASDAQ was down. YTD the numbers are looking positive, with the Dow up 2.2%, the S&P 500 up 6.5%, and the NASDAQ up 12.0%. There was no economic news last week, though Fed Chairman Powell spoke at a forum and didn’t say anything new. We’re still stuck in a trading range from the technical side, and we’re expecting what could be a hot Consumer Price Index (CPI) number in the coming days. The guys discuss what it may mean, and what the Fed may do next. A trading range is the range between the high and low price of a security within a given period. A stock, for example, will generally have a trading range on any given day that marks the difference between the highest price the stock traded for and the lowest price it traded for.1 In the second hour, the Money Wise guys discuss:

10 Myths of Retirement Planning.

The experts at Davidson Capital will uncover why it is never too early to start planning for retirement, why you should never rely on Social Security alone for your retirement income, why Medicare will not cover many medical necessities as you age, and more retirement planning myths. You don’t want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management. We have financial advisors in San Antonio & Corpus Christi ready for you to schedule a call.

1. source: the balance