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Droms Strauss Blog

Investment Insights + Ideas

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Special Market Communiqué

As we certainly all have noticed, today is the second day of significant volatility and losses in the stock markets around the world. Yesterday U.S. markets suffered significant losses, with the Dow Jones Industrial Average down 3.1%, the S&P 500 down 3.3%, and the tech-heavy NASDAQ down 4.1%. At today’s closing prices, the Dow and S&P 500 closed down an additional 2.1%, and the Nasdaq was off 1.3%. The Nasdaq is now in correction territory, generally defined as a decline of 10% or more from its last high, although it is still approximately 425 points higher than its close at the end of 2017.

Insights Investing
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2017 Year-End Tax Planning

With the Senate passing the tax bill just after midnight last night and the House expected to take another vote later today it is virtually certain that the Tax Cuts and Jobs Act of 2017 will become law. This Communiqué will focus on a summary of new or changed provisions that apply to individuals and most importantly, some year-end planning strategies that each of us should consider.