Time for a Breather

Time for a Breather

OVERVIEW   The U.S. stock market slid last week as volatility picked up on Wall Street. The VIX index, a measure of stock market volatility, surged more than 28% to a level of 17.10. The Dow posted a weekly decline of around 1%, and the S&P 500 and Nasdaq...
As Good as Old

As Good as Old

  This week’s chart reveals a remarkable little fact about the current state of the U.S. housing market: new homes are just as affordable as old ones. Typically, as you can see on the chart, new homes are much more expensive than existing ones already on the...
Financial Focus – August 2nd, 2023

Financial Focus – August 2nd, 2023

Welcome to this week’s episode of Financial Focus where David Nelson covers a range of topics, including advice for lottery winners, the challenges faced by individuals who suddenly come into large sums of money, the impact of taxes on winnings, and the importance of financial planning and responsible spending. The conversation also delves into the recent downgrade of the United States’ credit rating, the country’s debt issues, and the need for bipartisan cooperation in addressing economic challenges.