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The US economy continues to remain strong. In September, the US economy added 254,000 jobs – much more than the 150,000 expected.
In the US, much of the year-to-date gains have been concentrated in a handful of companies. Six stocks have accounted for 60% of the gains throughout the first half of the year.
In the recently released federal budget, the government proposed to increase capital gains taxes in some cases
During the last few months of 2023, financial markets performed very well because of the expectations that interest rate cuts would soon be upon us.
Interest rates are currently at their highest levels since 2007.
The first six months of the year were stronger for the stock markets, and the economy, than many economists had expected.
Up until a few months ago, most investors had not heard of Silicon Valley Bank (SVB).
