The market continued its steady advance, albeit with fits and starts during the month. The 1.6% “correction” of May 17 – the biggest losing day of the year so far - lasted all of one day. Anyone trying to time that decline missed it if they blinked. By the end of the month, the S&P 500 was up 1.4% (8.66% YTD), thanks to technology driven names that now comprise nearly one-fourth of the index.
2016 has undoubtedly been a dramatic year - both within the stock market and beyond. November's Presidential Election yielded Donald Trump's surprise victory and more twists and turns to this rollercoaster of a year for America. Read the full article to learn how the market reacted to the election, and expert insights on what's to come.
Many AAFMAA members have asked us about the “new” retirement system, which was approved by Congress in the 2016 National Defense Authorization Act. This is the first major change in military retirement since World War II and its impact is significant and important for the military and the nation. Read more about the plan specifics, which will affect those who join the military in 2018 and beyond.