Screaming Eagle Wealth Management

10/03/2023

https://vimeo.com/870410866

U.S. indices were down for the second consecutive month, with the Nasdaq doing the worst. International markets pulled back, and fixed income was also down. That said, job growth remained healthy, consumer confidence and spending grew, and business investment came in strong.

And while the political worries are settled for the moment, the interest rate problem remains. Will the Fed’s hike cycle end soon?

Brad McMillan, Commonwealth’s CIO, recaps September’s market and economic news. U.S. indices were down for the second consecutive month, with the Nasdaq…

02/27/2023

Did you use all your flexible spending account (FSA) funds before the end of your plan year? If not, you may still have a grace period to “use it or lose it.” Check your deadlines, and then check out these FSA-eligible purchases:

If you're looking for ways to use your FSA money here are some useful (and eligible) ideas.

09/23/2022

The latest Federal Reserve interest rate hike—combined with the market volatility that followed—may be a tough pill to swallow for retirees on fixed incomes. If you fall in that category, read on for what you need to do next:

Retirees have to watch their spending, especially after the Federal Reserve’s latest rate hike announced on Wednesday. For the third time in a row, the Federal Reserve said on Wednesday it would raise the benchmark federal-funds rate – this time, by a 0.75 percentage point so that it hovers betw...

08/15/2022

Consumer prices rose 8.5% in July from a year ago, which is less than economists predicted, thanks to easing inflation pressures. Read on for more information:

Prices that consumers pay for a variety of goods and services rose 8.5% in July from a year ago, a slowing pace from the previous month.

07/13/2022

As high interest rates and inflation fears dominate headlines, it’s no surprise that mortgage applications dropped 1.7% this week. Read more about current housing market statistics here:

Demand for mortgages declined for two consecutive weeks, led by a dip in purchase mortgage applications despite rates on a downward trend.

07/11/2022

Here’s why bankers are hoping Elon Musk is forced to close his deal with Twitter in spite of his bid to terminate the agreement to purchase the site:

Today's biggest story is Elon Musk's decision to back out of buying Twitter. Banks will pocket a smaller fee pool if the deal doesn't close.

07/06/2022

The Federal Reserve continues to rely on raising interest rates as their tool of choice to tame inflation. Here’s why one economist says that’s the wrong tactic:

Raising interest rates to tame demand isn't the right solution, as high prices have been driven mainly by supply chain shocks, one analyst said.

02/03/2022

Proud to sponsor the Annual Gala for National Charity League Juniors of Ventura County. They support a great cause, near to my family and anything we can do to support our communities efforts to raise money and awareness for blood cancers, we will be there!

01/03/2022

Despite the current Omicron wave, prospects remain good for the coming year, writes Commonwealth CIO Brad McMillan:

2021 has been a great year for the U.S. stock markets and economy. Prospects remain good for the new year, according to Commonwealth CIO Brad McMillan.

10/10/2021

Supporting Dad and Mom’s business!