Football is back, which means Summer is coming to a close, days will get shorter, and sweaters will soon be in play.
This year, there was no pre-season, so professional football started in September, which coincidentally, is a perennial month for stock market volatility.1
Football follows Major League Baseball, the National Basketball Association, and the National Hockey League, in which each organization started seasons (some abbreviated) in the past few months. Some colleges are playing fall sports, while others have postponed a part of their seasons.
This year, September is helping its reputation as a volatile month. After closing at a record high on September 2, the Standard & Poor’s 500 stock index fell sharply over the next three sessions. Concerns about COVID-19, Congress taking its time with further economic stimulus, and the upcoming elections seemed to unnerve investors.1,2,3
Most pro football stadiums are open to players and staff, but fans can expect to watch the games at home for much of the season. While games won’t be held inside a “bubble,” as with the NBA and NHL, NFL teams have changed travel and lodging protocols to distance or isolate players as much as possible, up to hiring two planes for each traveling team.4
The point is that you have to be aware of what’s happening and make informed decisions.
So while your financial professional might not have any tips for your fantasy football team, they may be able to provide some guidance about how to stay focused on investment goals despite some short-term volatility.
If you have been following our Epic Market Minutes on Youtube, you will have seen that Managing Director Ed Doughty touched base on the increased volatility we will be seeing to come and how we may in for a roller coaster ride this fall. For any questions or feedback, please reach out to a dedicated financial professional at Epic Capital today.
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Financially, many of us associate the spring with taxes – but we should also associate December with important IRA deadlines. This year, like 2020, will see a few changes and distinctions. December 31, 2021, is the deadline to take your Required Minimum Distribution (RMD) from certain individual retirement accounts.
There’s an old Wall Street maxim that says, “markets climb a wall of worry.” And these days, there’s plenty to worry about with the trend in long-term interest rates and bonds.
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