The U.S. stock market reached new highs in the first quarter with three consecutive months of positive returns capping the quarter with strong gains for U S and International equities. The U.S. economy remained resilient despite short term interest rates sitting near 20-year highs. Strong corporate earnings, a robust labor market and the continued strength of the U.S. consumer provided a supportive backdrop for stocks and propelled..
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We understand the significance of the recent changes to estate and gift tax exemption amounts. Thanks to the 2017 Tax Cuts and Jobs Act (TCJA), these amounts were doubled, providing potential opportunities for individuals and married couples to minimize their estate tax liabilities. Given these time-sensitive changes, it is essential to have a flexible estate tax plan that can adapt to evolving laws.
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2023 was supposed to be the year of a likely recession. That did not happen. In fact, the U.S. economy proved remarkably resilient and global stock and bond markets were able to shake off a host of uncertainties to post strong gains for the year; unlike 2022, when virtually every asset had negative returns.
What a difference a year makes. The 4th quarter was aided by a powerful year-end rally as U.S. stocks (S&P 500) jumped nearly..
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