One thing that’s always talked about in regards to the market, is that the market hates uncertainty. It’s strange given that the markets are always uncertain, but sometimes there’s a little more certainty than not. With the midterm elections wrapping up, regardless of the results, the market might like the fact that the midterms are over. The unknown becomes the known, and we can all move on. Let’s see how the market responds.
Here’s what I’ve been reading this morning:
‘Can I Owe Capital Gains Tax if I Lose Money?’ – Mullooly Asset Show
- In this week’s video, Casey discusses what to expect from capital gains distributions in 2022. Investors hate two things: losing money and paying taxes. And some mutual fund investors might be facing both this year. Casey speaks to the importance of owning tax inefficient investments in tax-deferred accounts and how it really does matter how you get your market exposure.
‘The Most Important Skill in Finance’ – Ben Carlson – A Wealth of Common Sense
- To be “good” at finance you probably think that you need to be really good at math. Think again! Ben explains in this post how the most important skill you can have in finance has nothing to do with math.
‘Consumers Are Cutting Back on Holiday Gift Buying Amid Higher Inflation’ – Jessica Dickler – CNBC
- Thanksgiving is in a few weeks, which means Black Friday and the holiday season are right around the corner. With inflation still running hot, this article talks about consumers beginning to cut back when it comes to buying gifts this year.
‘Stocks Want to Go Up’ – Michael Batnick – The Irrelevant Investor
- It seems redundant to remind you that stocks are reflections of actual companies, but the underlying companies always WANT their stock price to go up. Michael writes about how companies are beginning to adapt to the new economic landscape in order to see stock prices rise again.