The Roundup is making a midweek appearance this week. (On Friday, we’ll post the monthly update for SMI’s Fund Performance Rankings and Personal Portfolio Tracker.)
We hope you find these articles to be interesting and helpful.
Stock funds slump 6.2% so far in ’22 (Wall Street Journal). A summary of market performance in the 1st quarter.
The yield curve just inverted…now what? (Nick Maggiulli, Of Dollars and Data). History suggests "U.S. stocks will underperform their historical averages following a yield curve inversion." Unfortunately, it suggests Treasury bonds are likely to underperform too.
Fed’s Patrick Harker expects steady, deliberate path of rate rises (Wall Street Journal). Mr. Harker, president of the Federal Reserve Bank of Philadelphia, is a member of the Fed’s rate-setting Open Market Committee.
Deutsche Bank predicts U.S. recession in ’23 as Fed boosts rates (Bloomberg via Yahoo). The U.S. economy will take a "major hit" from rising rates, the report predicts.
Everyone is talking about Roth IRA conversions – here’s why (Kiplinger). Conditions could be shaping up to create an ideal time for Roth conversions.
Biden extends payment pause on federal student loans until September (CNBC). I wonder if this moratorium — extended now six times — is one reason businesses can’t find enough workers.
How to account for inflation in your budget (Art Rainer via MoneyWise). Last month’s budget may not work for this month.
Social Security offices are reopening this week. How to reduce your wait time (CNBC). The COVID-related closures, going on two years now, have been a huge inconvenience for many.
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