Axial Updates

Market Update—Month Ending April 30, 2023Presented by Axial Financial Group Quick Hits Largely Positive April for Markets Fixed Income Rally Continues Bank Stress Impact and Updates Economic Updates Show Continued Growth Risks Are Worth Monitoring Outlook Remains...

Presented by Axial Financial Group We’ve discussed the debt ceiling crisis in past articles, and now it’s back in the headlines. What does this mean, and why are we watching it now? Several months ago, the U.S. borrowed as much money as it’s legally allowed to borrow...

Weekly Market Update, Week of April 10, 2023 Presented by Axial Financial Group                               Quick Hits 1. Report releases: S. job growth in March slightly surpassed expectations 2. Financial market data: Value stocks led the way as energy rallied 3....

We are excited to announce that our Axial Burlington office will be moving to a new location!   As of April 14th, 2023, our new Burlington office address is:  Axial Financial Group 1 Van de Graaff Drive, Suite 500 Burlington, MA 01803 Please note, as of Friday,...

Weekly Market Update, Week of April 3, 2023 Presented by Axial Financial Group                               Market Update—Week of April 3, 2023 Quick Hits Report releases: Personal income and spending both rose in February2. Financial market data: Large and growth...

Married couples can fund two accounts, even if just one spouse earns income. By JEAN FOLGER, updated March 18, 2023 Reviewed by DAVID KINDNESS Fact checked by SUZANNE KVILHAUG What Is a Spousal Roth IRA? Typically, individuals need to earn income to contribute to...

Weekly Market Update, Week of March 27, 2023 Presented by Axial Financial Group                               Market Update—Week of March 27, 2023 ---Quick Hits Report releases: The Federal Open Market Committee (FOMC) raised the federal funds rate 0.25 percent...

What Mattered This Week? Banks Seek Help from the Fed Posted by Brad McMillan, CFA, CAIA, MAI Mar 24, 2023 2:10:39 PM   There were two events that mattered this week. First was the regular Fed meeting on interest rates, where the Fed ended up raising rates by the...

Weekly Market Update, Week of March 20, 2023 Presented by Axial Financial Group                              Market Update—Week of March 20, 2023 Quick Hits Report releases: Inflation and retail sales cooled as used auto prices have declined2. Financial market data:...

  Are Bank Failures Signaling a Rerun of the Great Financial Crisis? Posted by Brad McMillan, CFA, CAIA, MAI, Mar 13, 2023 12:04:10 PM   Starting last Friday and extending over the weekend, we saw two very large bank failures: Silicon Valley Bank (SVB) and...

Weekly Market Update, March 6, 2023 Presented by Axial Financial Group                                      General Market News This month marks one year since the Federal Open Market Committee (FOMC) began its unprecedented rate hiking journey and, although the grip...

Weekly Market Update, February 27, 2023 Presented by Axial Financial Group                                                                   General Market News The minutes from the February Federal Open Market Committee (FOMC) meeting were released last week and...

Inflation Report: Nothing to See Here? Posted by Brad McMillan, CFA, CAIA, MAI, Feb 14, 2023 For all the hype around today’s inflation data and what it might mean for markets and the economy, the truth is simply this: not much news here. Breaking Down the Numbers...

2023 Tax Filing Season Has Begun. Here Are the Deadlines You Need to Know: The IRS expects to receive more than 168 million individual tax returns this filing season. Dan Avery, Jan. 24, 2023 10:00 a.m. PT   The IRS began accepting tax returns on Monday, so it's...

What You Need To Know About SECURE 2.0 Danielle Seurkamp, Contributor, Forbes **(SECURE Act 2.0 was signed into law on December 29, 2022)**   The Consolidated Appropriations Act of 2023, commonly referred to a SECURE 2.0, is headed to President Biden for signature....

Weekly Market Update, January 17, 2023 Presented by Axial Financial Group                                                                   General Market News The future path of interest rates is uncertain for 2023, but the average Bloomberg surveyed economist...

Weekly Market Update, January 9, 2023 Presented by Axial Financial Group                                   General Market News The Federal Reserve (Fed) may feel that it has been receiving mixed signals recently as the labor market continues to show signs of tightness...

Market Thoughts for January 2023 [Video] Posted by Brad McMillan, CFA, CAIA, MAI This entry was posted on January 4, 2023   December closed out a tough year for markets. The U.S. indices showed single-digit declines for the month, capping off drops for the year...

Weekly Market Update, January 3, 2023 Presented by Axial Financial Group                                   General Market News The Federal Reserve (Fed)'s policy rate rang in the new year at a level of 4.5 percent. This came after an historic increase of 4.25 percent...

Weekly Market Update, December 27, 2022 Presented by Axial Financial Group                                        General Market News The Federal Reserve’s (Fed’s) policy rate is set to end the year at 4.5 percent. Throughout 2022, the central bank hiked rates 17...

In 2022, we faced rising prices, market volatility, and recession fears. Can we expect some good news in the new year?   We always strive to keep you informed and help you stay on track toward your long-term financial goals. Today, we present a 2023 outlook...

Thank You for Stopping By! Earlier this month, we welcomed our clients and friends to our Burlington and Hyannis offices for some hot cocoa, popcorn, and to share a little holiday cheer. As a special gift from us and a thank you to our clients, we gave away baskets...

Weekly Market Update, December 12, 2022 Presented by Axial Financial Group                                        General Market News The Federal Reserve (Fed)’s next rate decision will be announced this Wednesday, December 14, and market participants eagerly...

  Looking Back at the Markets in November and Ahead to December 2022 Posted by Brad McMillan, CFA, CAIA, MAI, Dec 6, 2022   The October bounce continued in November, with the S&P 500 up 5.59 percent and the Dow Jones Industrial Average (DJIA) up 6.04...

Weekly Market Update, December 5, 2022 Presented by Axial Financial Group                                        General Market News Federal Reserve (Fed) Chair Jerome Powell gave a speech last Wednesday in which he stated, “Monetary policy affects the economy...