1. Consumer Spending Ignores Inverted Yield Curve 2. Poll Recap: How Will You Watch The Super Bowl? 3.Where Are My Tax Documents? 4. Monday Is A Bank Holiday 5. Ask Us A Question! 6. “Things work out for those…” 7. Financial Planning For Gen Z

1 | Week In Review

Consumer Spending Ignores Inverted Yield Curve

Inflation stays hot, and consumer spending rose. Where’s the recession the inverted yield curve seems to be predicting? Annex Wealth Management’s Dave Spano and Derek Felske discuss.

2 | Poll Recap

How Will You Watch The Super Bowl?

Last week we asked if you were planning on watching the Super Bowl through a streaming service, compared to traditional broadcasting and other similar options.  

Per Fox Sports, there were a total 113 million viewers for the big game. Of those 113 million, 7 million were streaming. This number is up 18% from last year’s game, which was 6 million. 

As for the results of our poll, an overwhelming majority (73%) said you were not going to be streaming the Super Bowl, whereas 25% were, and the remaining 2% weren’t sure yet of how they would be watching. 

Even though the final numbers show streaming as a minority choice, the increase in streaming numbers from 2022 to 2023 suggests future Super Bowl viewership will continue to shift towards streaming. 

Sources:

https://www.fiercevideo.com/video/ispot-estimates-118m-viewers-watched-super-bowl-fox

https://www.cnn.com/2023/02/13/media/super-bowl-lvii-ratings-reliable-sources/index.html

https://nypost.com/2023/02/13/super-bowl-ratings-2023-fox-sports-gets-113-million-viewers/

3 | Client Exclusive

Where Are My Tax Documents?

Your custodian will gather all the required data from all fund companies and create your 1099 statements. A 1099 statement is generated if you have one of the following: sales proceeds in a non-qualified account, or a distribution from a qualified account (IRA).

These statements are generated throughout January and February, and the custodian (TD Ameritrade, Schwab or Fidelity) mails the statements to our clients at that time. You can also view your 1099 statements once they are available if you have online access at TD Ameritrade, Schwab or Fidelity. Most clients report receiving their 1099 statements in late February.

If you have any questions please contact your Wealth Manager or Client Service Manager.

Thank you!

Annex Wealth Management

Monday Is A Bank Holiday

Tomorrow is President’s Day, which means it’s also a bank holiday. 

How does a bank holiday work? 

Financial institutions are closed at physical locations on bank holidays. Depending on the institution, however, online banks may continue service, but any deposits made on a bank holiday will not be transferred to your account until the following business day. 

Here’s a list of the 2023 bank holidays in the United States: 
Jan 1 – New Year’s Day (observed Jan 2) 
Jan 16 – Martin Luther King Jr. Day
Feb 20 – Presidents Day
May 29 – Memorial Day
Jun 19 – Juneteenth National Independence Day
Jul 4 – Independence Day
Sep 4 – Labor Day
Oct 9 – Columbus Day
Nov 11 – Veterans Day (observed Nov 10)
Nov 23 – Thanksgiving Day
Dec 25 – Christmas Day 
 

Source

5 | Ask Annex

Ask Us A Question!

6 | Quote of the Week