CYMI: Election Thoughts – A quick election recap and grading my analysis before turning to the investment and economic implications of Tuesday night.
Ready for a Big Capital Gains Tax Bill? by Morningstar
These mutual funds are set to make substantial capital gains distributions, and if you own them in a non-retirement account you should take heed and plan.
See also: How You Could Benefit from Tax-Loss Selling This Year
How the AP is able to declare winners in states where polls just closed by Associated Press
Ever wonder about this? Sometimes a race is uncontested, sometimes it’s a history of lopsided victories for a party, and in others it’s analyzing voter and non-voter data.
October CPI: Sticky as Expected by Wells Fargo
Progress against inflation is stalling. The year-over-year change to CPI is 2.6% and the increase over the last three months annualizes to 3.6%. This isn’t unexpected, and reflects inflation being sticky and likely means that the Fed will have to be more nimble with its rate cut policy.
Trump Wins: Implications for Key Policy Issues by Charles Schwab Asset Management
Two complex policy issues are coming in 2025: the debt ceiling and the sunsetting tax cuts. Republican control of the House and Senate doesn’t mean a smooth debt ceiling increase as we’ve seen in the past and a shutdown is possible. Schwab sees a smooth path to a quick tax cut extension.
October Market Review—Fall Back by Heritage Financial
- Despite a Federal Reserve rate cut in September, rising inflation concerns and a cooling labor market overshadowed optimism, leading to a cautious market environment in October.
- While October brought challenges, year-to-date returns remain strong, highlighting underlying market resilience despite the month’s turbulence.
- The path to normalized inflation may not be linear, strengthening the case for resilient portfolios in preparation for the road ahead.
Book Recommendation
We Are Your Soldiers: How Gamal Abdel Nasser Remade the Arab World by Alex Rowell
A searing exploration of authoritarianism in the Middle East through the legacy of Gamal Abdel Nasser’s years in power in Cold War–era Egypt.
Boston Corner
New England has a housing shortage. Could ‘ADUs’ help?
“An ADU is an additional housing unit built to accompany an existing home, such as a backyard cottage, an apartment above a garage, or a basement apartment. These units require special permission to build in some places due to worries about impacts on things like density, neighborhood character, and property values. But now some states are no longer requiring such permission as communities seek to increase housing options.”
5 restaurants we can’t wait to try in November
Boston area openings include a Greek island-inspired concept in the South End, a Seaport debut of Levain cookies, an Irish pub in Dorchester, and more.
Everett soccer stadium closer to reality under Massachusetts bill
