Stock Market
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October Market Recap
October proved to be one of the best months for equities in 2021 and the best month since November 2020 for the S&P 500.
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September Market Recap
A rally at the end of September helped drive stocks generally higher resulting with the Dow, The Russell 2000, and the Global Dow posting gains.
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August Market Summary
The Nasdaq reached record highs in August and the S&P 500 recorded its seventh straight monthly advance—its longest streak of monthly gains since January 2018.
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July Market Summary
Favorable economic news was reported as the economy expanded at an annualized rate of 6.5%, 850,000 new jobs were added, while the number of new unemployment claims declined.
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A Steady Investment Strategy
No matter how much you try to make objective decisions, you may be tempted to guess at market movements.
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The Markets – as of Market Close May 28, 2021
Stocks were volatile in May, likely a reflection of strength in the U.S. economy as well as concerns about inflation.
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The Markets – as of Market Close April 30, 2021
Stocks climbed higher in April on the heels of strong first-quarter corporate earnings reports and encouraging employment data.
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Market Update- First Quarter Review 2021
From a $1.9 trillion stimulus package and ramped up vaccine distribution, to stock price manipulation, the first quarter ushered in an eventful start to 2021.
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The Markets – as of Market Close February 26, 2021
While COVID-19 continues to take a toll on the global economy, U.S. unemployment rates drop, showing signs of slow recovery.
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The Markets – as of Market Close January 29, 2021
A coordinated effort among retail investors created extreme volatility causing stocks in each of the benchmark indexes to lose value.
PPP Forgiveness Application Deadline
Congress passed The Economic Aid Act which changed the deferment period from 6 months post covered period to 10 months post covered period. For example, if your covered period ended June 30, 2021, under the new guidelines the earliest your first loan payment wouldn’t be due until April 2022, and you have until then to request forgiveness. Please use the following calculation to help you identify when your forgiveness will be due:
- PPP borrowers may select a covered period anywhere from 8 weeks to 24 weeks.
- RCU is automatically calculating your loan due date based on a 24-week covered period, if you intend on using a shorter covered period please inform us immediately as this will impact your due date.
- Your correct deadline will be reflected in your online banking account.
If all or part of your PPP loan is not forgiven, your first loan payment will be due the first of the following month after a decision is made by the SBA.
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