Election turbulence. There really is no precedent for this election and the myriad of variables that could impact what happens on November 3rd and the days that follow. Are we looking at a certain winner in the presidential race who is generally accepted by Americans? Or will it be more muddled than that? This election might Read More
Financial anxiety is a very real issue in American households. With this year being one for the uncertainty records books, the future looks quite murky. Wondering whether you remain on solid financial footing amid the turmoil is very common. At McKay Wealth, our goal is to empower our clients to make smart financial decisions, especially when the day-to-day becomes unsettling. If you are struggling to calm your nerves about your money right now, here Read More
Presidential politics. The growing uncertainty as to whether the listed winner of our coming election will be accepted as such is starting to give the investment markets heartburn. This election is supercharging levels of unease that are going to manifest in U.S. equity markets. The potential for a challenge to the election results has grown substantially and Read More
The stock market is in essence a cyclical marketplace. Share prices go up and down as investors decide whether to buy or sell. Some years moods are bullish, others bearish. The entire U.S. economy goes through cycles, between recessions and economic booms. Of course, what goes on in the world around us in any given Read More
Federal Reserve and interest rates. The Federal Reserve has changed the way it seeks to achieve its dual mandate of full employment and stable prices. The revision essentially translates to lower interest rates for longer than previously expected. The impact? Not much in the lives of most people. Potentially quite a profound one on inflation levels, Read More
It is the refrain heard your entire adult life: Save, save, save for retirement! And for good reason. It takes most people their entire career to build up a big enough nest egg to live off of after exiting the workforce. With Americans living much longer and still retiring at about the same age as Read More
Historic Q2 GDP drop. The GDP numbers for the second quarter showed a historically unprecedented decrease of 32.9%. Read more… Resurging COVID cases. A massive uptick in U.S. coronavirus infections is causing the economic bounce from the depths of the shutdown to stall. It’s looking to be a rough second half of the year for the Read More
A “black swan” is a completely unanticipated event which, usually, has a resoundingly negative impact on the economy. These events take everyone by surprise, even the smart folks who spend their days constantly analyzing, monitoring, and crunching the financial numbers. Forecasting out the short and long term ramifications of black swans can be a nearly Read More
Reopening and resurgence. The U.S. is struggling with a resurgence of COVID-19 cases in several states as the country reopens for business. Texas, Florida and Arizona are being hit especially hard, forcing the states to recommit to mitigation practices to try and stem the rising tide of positive cases. Two unemployment scenarios. Many companies were able Read More
Higher education is facing a crisis. Before the pandemic, new college grads were struggling to find consistent incomes to pay back massive student loan debts. Entry level employment was in jeopardy, making landing on solid financial footing post-graduation increasingly difficult. The inherent value of obtaining a college diploma was being questioned. Meanwhile, this shifting landscape Read More
