Quarterly Newsletters

The Armbruster Capital Management News & Education section of our website incorporates articles, vidcasts, and newsletters specifically geared towards issues that our clients are facing today.

ACM Journal - Investment Management
19 Apr

Chris’s Corner: Tax Cut & Jobs Act (TCJA) – Planning for the Sunset

In 2017, then-President Donald Trump passed a series of changes to the tax code, the so-called Tax Cuts and Jobs Act (TCJA). Like just about everything these days, the law was controversial and complicated. One of the more “interesting” components to the law is that there is a sunset provision, meaning many of the changes will revert right back to where they were before the bill was enacted. That sunset will occur on January 1, 2026.

Congress could act to extend the law, but that of course is highly uncertain, particularly with an upcoming election. So, thinking about which rules will change and how to plan for them makes sense while there is still time.

ACM Journal - Investment Management
19 Apr

Portfolio Review – Q1 2024 Newsletter

US large- cap stocks once again led all asset classes as the S&P 500 gained 10.6%, continuing their trend of outperforming small-cap stocks and international stocks, both of which experienced more modest gains.
Bonds pulled back slightly after their 6.8% gain in the fourth quarter of last year as longer-term interest rates rose moderately from the start of the year, contributing to a -0.8% loss this quarter. The consensus now is that the Fed will not cut interest rates asaggressively as previously believed a couple months ago, and that the first rate cut likely won’t occur until the latter half of 2024. The Fed confirmed…

ACM Journal - Investment Management
10 Oct

What if we don’t have a recession? – Q3 2023 Newsletter

Early last year, it was common knowledge that we were about to enter a recession. In fact, many in the media were calling it the most anticipated recession ever. Despite the certainty, we’re still in an economic expansion, and now many prominent economists, including those in the Fed and Treasury, are saying a recession is no longer in the cards.

That certainly sounds like good news, particularly when you consider that past recessions have generally been accompanied by stock market downturns. However, we’re not so sure we’re out of the woods.

ACM Journal - Investment Management
10 Oct

Chris’s Corner: Do I owe taxes on my home sale?

With persistent inflation driving up the cost of just about everything, particularly home values, people are often surprised when they receive a 1099-S and find out they may have to pay capital gains on the sale of their home. Today’s rules are a result of the Taxpayer Relief Act of 1997.

According to the law, you can exclude up to $250,000 ($500,000 if married) worth of profit when selling your primary residence. Profit being defined as the sale price minus the price you paid plus the cost of any improvements made to the home (so keep receipts when you make home improvements).

ACM Journal - Investment Management
10 Oct

Portfolio Review – Q3 2023 Newsletter

After three consecutive quarters of positive returns, stocks were unable to keep the streak alive and edged slightly lower in the third quarter. Most of the negative performance occurred in September, which was the worst month for the stock market this year. Bond returns were also negative this quarter, while liquid alternatives provided a welcoming boost to returns.

Returns in the first half of the year were dominated by a handful of well-known, mega-cap technology stocks, which contributed to large-cap stocks’ vast outperformance over small-cap and international stocks. This trend reversed somewhat in the third quarter as returns were generally similar across asset classes. Emerging Markets had the best performance among stocks for the quarter with a loss of “only” 2.9%, while small-cap stocks fared the worst with a decline of 4.9%.

ACM Journal - Investment Management
17 Jul

Tech Rally… Can It Continue? – Q2 2023 Newsletter

The stock market has had a stellar first half of the year. But that’s only true if you were in the right part of the market. The overall US stock market gained 17% so far this year. International stocks were up a solid, but much lower 12%. US small-cap stocks were up only 6%. And deep value stocks rose a paltry 1%. It was the proverbial tale of two markets. The best of times for some, but not so much for others.