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Expert Financial Guidance and Support Weekly Economic Update: July 17, 2023 Better-than-expected updates last week on consumer and wholesale price inflation buoyed investor sentiment, driving stocks higher and lower bond yields. The Dow Jones Industrial Average rose 2.29%, while the Standard & Poor’s 500 increased 2.42%. The Nasdaq Composite index advanced 3.32% for the
week. The MSCI EAFE index, which tracks developed overseas stock markets, gained 4.67%.1,2,3 Inflation Sparks Stocks Back-to-back positive inflation reports emboldened investors, sending stocks to their highest
levels since April 2022. Lower-than-forecast inflation on both consumer prices and producer prices sparked investor optimism that inflation may be able to fall further without tipping the economy into recession and provide the basis for the Fed to moderate its more hawkish rate hike stance.4 After four straight days of increases, investor attention turned to the kick-off of a new earnings season on Friday. Despite some positive earnings surprises from several big banks and a major healthcare provider, stocks closed out a good week with a slight decline. Inflation continued its downward trend last month... Read More Do you need to report cash payments? If you receive a cash payment over $10,000, you may be required to report it to the Internal Revenue Service (IRS). In this case, a cash payment includes US or foreign currency and can also include cashier's checks, bank drafts,
traveler's checks, or money orders. In addition, cash payments to an individual can also include payments from companies, corporations, partnerships, associations, trusts, or estates. For example, this could include: - Dealers of jewelry, furniture, boats, aircraft, automobiles, art, rugs, and antiques
This requirement can apply to cash payments received in one lump sum or two or more payments over time. Check the IRS website for more specifics regarding what constitutes a reportable transaction. So how do you report cash payments? Taxpayers should complete Form 8300, Report of Cash Payments Over $10,000 Received in a Trade or Business. You can file this form electronically or mail a copy to the IRS. You must submit Form 8300 within 15 days of receiving the cash payment. *This information is not intended to substitute for specific individualized tax advice. We suggest you discuss your specific tax issues with a qualified tax professional. Managing Risk: Keep hard-earned savings safe The market can be a scary place for many individuals. If you realize there is some degree of uncertainty but you’re unsure how to financially deal with that risk,
Capstone Investment Financial Group can help. Measuring Risk Investments of all
types come with some degree of risk. Whether in the form of high inflation, volatility in capital markets, recession, or bankruptcy, economic risks are a part of every financial decision you make. Since you can never eliminate risk, at Capstone we focus on aligning the risk in your portfolio with your financial goals and tolerance. Read More Getting a lot of buzz: Polyphenols You may have heard of polyphenols, as they're getting a lot of buzz in the health and wellness community. But what are they, and what are their benefits? Polyphenols are a category of plant compounds that may offer various health benefits, from boosting brain health and digestion to protecting against heart disease, type 2 diabetes, and even some cancers. There are many sources of polyphenols, including dark chocolate, tea, and dark berries. Even red wine may contain polyphenols. There are four main types of polyphenols: Flavonoids: Flavonoids account for around 60% of all polyphenols, found in foods like apples, onions, dark chocolate, and red cabbage. Phenolic acids: Phenolic acids account for about 30% of polyphenols, found in fruits, veggies, whole grains, and seeds. Polyphenolic amides: Polyphenolic amides are in chili peppers and oats. Capstone built our reputation on friendly service, impeccable honesty, and respect for every client. Our clients’ needs drive our relationship, and the focus is always on
you. We strive to be highly responsive to your requests and are skilled at creating solutions customized to your goals, values, and situation. Reach out anytime with questions. We're happy to help! |
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