Welcome to The Fragreport. Our blog serves as an insightful resource covering markets, financial topics, culture and current affairs.
Markets moved higher in February as continued optimism was generated by fiscal stimulus, accommodative monetary policy, and COVID-19 vaccine rollouts. The Dow Jones Industrial Average rose 3.20%, the S&P 500 gained 2.60%, while the NASDAQ lagged with a gain of .90%.
Geopolitical Forecast 2021: The COVID-19 pandemic dominated the focus of international relations in 2020 and effectively changed the course of domestic and international politics for all critical power centers around the world. The geopolitical landscape has changed, and investors should be aware of emerging geopolitical dynamics in 2021.
Reflecting on market action during the first month of the new year is a method used by MCF Capital Management to develop an outlook for the entire year. January witnessed several interesting market events forming our cautious yet optimistic view of 2021.
Among its countless impacts, the coronavirus pandemic led to the passage of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which brought investors a number of changes to deal with this year. In addition, investors are seeing changes in 2020 that were created by the Setting Every Community Up for Retirement (SECURE) Act, which was signed late in 2019.
Given the extraordinary events surrounding the coronavirus pandemic, many of us already have looked for ways to contribute. What you may not know is that the Coronavirus Aid, Relief, and Economic Security (CARES) Act contains provisions to make it easier to take tax deductions on charitable donations in 2020.
If you have a Traditional Individual Retirement Account (IRA), you might be familiar with the regulation to take required minimum distributions (RMDs) beginning at age 72. What you may not know, however, is how that the Coronavirus, Aid, Relief and Economic Security (CARES) Act provides valuable RMD flexibility for 2020.
