This Week’s Market
The stock market showed steady gains this shortened holiday week, with major indices climbing amid positive economic signals and tech sector strength. From Monday’s open, the S&P 500 rose about 2.9% to approximately 6,828 by Friday at 11 a.m. ET. The Dow Jones Industrial Average increased roughly 2.5% to around 47,522, while the Nasdaq Composite advanced 3.7% to near 23,303. Volumes moderated as the week progressed, reflecting typical pre-holiday trading patterns.
It was a good week to keep our focus on our growth stock strategies, while maintaining appropriate allocations by considering not just one’s tolerance for risk, but their capacity for it as well.
It may take a while for the current administration’s economic revival plan to take effect, but for now it appears as though “the market” is a believer. Stay positive about this… negativity is not usually a profitable stance 😎.
Trending Topics This Week
The IRS recently announced increases to retirement savings limits for 2026, including higher contributions for 401(k)s, IRAs, and HSAs. This adjustment, aimed at keeping pace with inflation, has sparked discussions in financial news about optimizing tax-advantaged accounts to bolster long-term security.
This Week’s Ideas
- Use Qualified Charitable Distributions (QCDs) from your IRA if age 70½ or older; these allow direct transfers to charities up to $105,000 annually in 2025, satisfying RMD requirements without increasing taxable income.
- Consider a “laddered” Roth conversion strategy in lower-income years before full retirement, converting portions of traditional IRAs gradually to manage tax brackets and secure tax-free growth.
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The information on our website and this blog is for information purposes only. It is believed to be reliable, but JR Snell Capital Management does not warrant its completeness or accuracy. The information on our website and in this newsletter or blog is not intended as an offer or solicitation for the purchase of stock or any financial instrument.