US stock performance was bolstered again by sectors that declined the most in the 2022 bear market. Big cap technology stocks led the way on a wave of optimism that artificial intelligence could boost global GDP and company profits up to $7 trillion over the next ten years.
Investment counseling is about achieving the best outcomes for each client based on their goals which necessitate a connection or bond with a client that a computer is unable to have.
AI is evolving quickly – ChatGPT 3.0 took the Bar exam and marked in the bottom 10th percentile, and just two weeks later, ChatGPT 3.5 passed with flying colors, performing in the top 90th percentile.
With the “X-date” quickly approaching, a common question of investors who hold U.S. Treasury obligations is: what should I do (if anything) with my U.S. Treasury investment?
If it wasn’t enough dealing with the fallout from the problems surrounding our banking sector, investors are facing the impact of yet another debt ceiling debate.
It is hard to believe that the Fed did not think that raising rates as fast and sharply as they did would have some consequences, and if the Fed is doing any contingency analyses, it missed the fact that some banks could run into trouble.
On this day when luck is often sought, Withum Wealth Management prefers to create our own - by being diligent and always taking a disciplined approach to protecting our client’s assets.
Markets experienced sudden volatility this week with news that one of the larger, niche banks in the country, Silicon Valley Bank was having liquidity issues.
In this edition of the WWM minute, we discuss the LIBOR transition and what it means for investors.