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Weekly Economic Update: April 15, 2024

Stocks fell last week as investors sorted through conflicting inflation reports and assessed geopolitical tensions.

Inflation Spooks Markets
On Wednesday, the March Consumer Price Index (CPI) report rattled markets, revealing that inflation accelerated slightly more than expected. Bond yields rose, and stocks retreated in response, as investors feared the news could influence the Fed’s rate decision. The 10-year Treasury yield had its highest intraday jump in three years.

Markets rallied Thursday as investors were encouraged by the Producer Price Index (PPI) report, which measures inflation at the producer level. Unlike CPI, PPI rose less than expected, which sparked a tech-focused rally. Markets opened lower on Friday as investors wrestled with the conflicting inflation reports.

Fears of an escalating Middle East conflict also weighed on stocks during the week. Concerns about a potential weekend event led some investors to end the week in a risk-off position.

New law could catch many small business owners in Colorado off guard 

A new federal law requires almost every business entity in Colorado to register with the Treasury Department's Federal Crimes Enforcement Network or face steep penalties.

The Corporate Transparency Act is meant to catch money launderers, but it applies to LLCs, DBAs, and corporations no matter how small they are.

Under the law, everyone who has at least a 25% ownership in a company -- or who manages a company -- has to file a Beneficial Ownership Information report at the U.S. Treasury of Financial Crimes Enforcement Network or face fines of $500 per day up to $10,000 and up to two years in prison.

Wills that specify Investments:

If your will names investments you wish to leave to one or more of your beneficiaries, make sure that you still own them. If not, your estate may be required to buy them at current (higher) prices, which would hurt your beneficiaries. This is a fairly common oversight. If you have questions or concerns about your estate plan, or want to get started or make updates, please give us a call.

Parting Shot

Winter Park Resort will close out the ski season with their annual Beach Bash on Saturday, April 20 and Spring Splash on Sunday, April 21. Learn more about the fun and festivities. 

Photo at top:  St. Vrain St. Park, Longmont, CO by Bill Sorenson

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!

Capstone Investment Financial Group, LLC

Colorado Springs/Denver

719-477-9883

[email protected]