• Money earned through this work may be taxable
• There are tax implications for both the company providing the platform and the individual performing the services

• Manage your blood pressure: Check it regularly. Hypertension is often asymptomatic
• Maintain a healthy weight: Being overweight or obese may increase your risk of disease
• Eat well and exercise: These two activities are associated with a lower incidence of heart disease
• Drink less alcohol and don’t smoke: These habits are seen more frequently in heart disease patients
• Sleep well and reduce stress: Lower cortisol levels may reduce your risk for heart disease

Markets ended a short but eventful week slightly lower amid geopolitical tensions and fresh tariff threats. However, constructive economic news appeared to buoy spirits as the week progressed.

The Standard & Poor’s 500 Index fell 0.35 percent, while the Nasdaq Composite Index was flat (-0.06 percent). The Dow Jones Industrial Average declined 0.53 percent. By contrast, the MSCI EAFE Index, which tracks developed overseas stock markets, rose 0.91 percent.^1,2

Tariff Talk

Stocks opened lower on Tuesday after the White House threatened fresh tariffs on EU nations following an international debate over Greenland.

The S&P 500 and Nasdaq slid more than 2 percent, while the Dow Industrials also came under pressure.³

Markets rebounded on Wednesday after assurances that the U.S. would adopt a more diplomatic approach toward Greenland. By the close of trading, the White House also walked back its tariff threats and said it had reached a framework for a Greenland deal.

On Thursday, markets accelerated higher, powered by a slight uptick in revised Q3 GDP and lower-than-expected weekly jobless claims.^4,5

The S&P 500 went sideways on Friday as investors looked ahead to a big week of Q4 corporate reports and the first Fed meeting of 2026.⁶

Eye-Catching Small Caps

For the 14 consecutive trading sessions through Thursday, January 22, David beat Goliath—the Russell 2000 Index of small-cap stocks outperformed the S&P 500. The last time that happened was May 1996. Small caps broke that streak on Friday.⁷

Small caps have historically outperformed large caps when interest rates have trended lower, but the 10-year Treasury rate has been rising since late October.⁷

This Week: Key Economic Data

Monday: Durable Goods* (Nov).

Tuesday: Consumer Confidence.

Wednesday: Fed Interest Rate Decision. Fed Chair Powell Press Conference.

Thursday: Weekly Jobless Claims. Trade Deficit* (Nov). Productivity (Q3). Wholesale Inventories* (Nov). Factory Orders* (Nov).

Friday: Producer Price Index* (Dec).

^{* indicates publication of a report delayed by the government shutdown in October and November}

^{Source: Investors Business Daily - Econoday economic calendar; January 23, 2026. The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to provide accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts are also subject to revision.}

This Week: Companies Reporting Earnings

Tuesday: UnitedHealth Group Incorporated (UNH), RTX Corporation (RTX), The Boeing Company (BA), NextEra Energy, Inc. (NEE), Texas Instruments Incorporated (TXN), Union Pacific Corporation (UNP), HCA Healthcare, Inc. (HCA)

Wednesday: Microsoft Corporation (MSFT), Meta Platforms, Inc. (META), Tesla, Inc. (TSLA), Lam Research Corporation (LRCX), International Business Machines Corporation (IBM), Amphenol Corporation (APH), GE Vernova Inc. (GEV), AT&T Inc. (T), Danaher Corporation (DHR), ServiceNow, Inc. (NOW), The Progressive Corporation (PGR), Starbucks Corporation (SBUX), Automatic Data Processing, Inc. (ADP)

Thursday: Apple Inc. (AAPL), Visa Inc. (V), Mastercard Incorporated (MA), Caterpillar Inc. (CAT), Thermo Fisher Scientific Inc. (TMO), KLA Corporation (KLAC), Stryker Corporation (SYK), Honeywell International Inc. (HON), Lockheed Martin Corporation (LMT), Parker-Hannifin Corporation (PH), Blackstone Inc. (BX), Altria Group, Inc. (MO), Comcast Corporation (CMCSA)

Friday: Exxon Mobil Corporation (XOM), Chevron Corporation (CVX), American Express Company (AXP), Verizon Communications Inc. (VZ)

^{Source: Zacks, January 23, 2026. Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your goals, time horizon, and risk tolerance. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule their earnings reports without notice.}

"If we would build on a sure foundation in friendship, we must love friends for their sake rather than for our own."

– Charlotte Brontë

Need Last Year’s Tax Returns?

Help is available for taxpayers who need tax information for prior years but who did not keep copies of their returns. There are ways to get the information you need.

Keep in mind the Internal Revenue Service (IRS) recommends that taxpayers keep copies of their returns and any documentation for at least three years after filing:

• Ask your software provider or tax preparer. This is often the easiest way to get a copy of your tax returns.
• Order a tax transcript. Taxpayers who cannot get a copy of a prior-year return may order a tax transcript from the IRS. This document partially masks personally identifiable information such as names, addresses, and Social Security numbers to protect taxpayers' identities. All financial entries, including the filer's adjusted gross income, are visible. These are free and available for the most current tax year after the IRS has processed the return. People can also get these records for the past three years.
• Pay for a copy from the IRS. As a last resort, you can purchase a copy of your tax return from the IRS. 

This information is not a substitute for individualized tax advice. Please discuss your specific tax issues with a qualified tax professional.

Tip adapted from IRS.gov⁸

Being SMART about fitness goals

Are you putting exercise on the back burner? Make it a priority. To stick with a workout regimen, make regular physical activity a priority. Here's where setting SMART goals can help.

Instead of saying you will "exercise more," state a SMART exercise goal. SMART stands for:
Specific: State the objective you wish to meet as precisely as possible: "I am going to commit to doing a full-body video workout several times a week.”
Measurable: Identify quantifiable criteria to allow you to measure your progress: “I am going to do this workout three times a week for at least 30 minutes each time. I will track my progress in my workout journal.”
Attainable: Your goal should be ambitious but not impossible: "I am committing to three times a week, not seven times a week, because it is realistic and achievable for me with my current schedule.”
Relevant: Your goals must align with your current circumstances and priorities: "I will do it to stay healthy and strong during these times and to feel less stressed.”
Time-bound: Allocate a specific period for completing your goal: "I will commit to this plan for a month. In 30 days, I will have had 12 workouts and will reassess my goal after that.”

Tip adapted from Cleveland Clinic⁹

The more of these you take, the more of these you will likely leave behind. What are they? 

Last Week's Riddle: My three eyes blink, and I give you commands. Although I can’t see, the changing colors in me prompt you to obey me with your wheels, feet and hands. What am I?

Answer: A traffic light.

Fanad Head Lighthouse

Donegal, Ireland

Stocks ended last week with modest losses after a volatile five days of market-moving economic data, geopolitics, and Fed drama.

The Standard & Poor’s 500 Index slid 0.38 percent, while the Nasdaq Composite Index skidded 0.66 percent. The Dow Jones Industrial Average edged down 0.29 percent. By contrast, the MSCI EAFE Index, which tracks developed overseas stock markets, rose 1.41 percent.^1,2

Choppy Trading 

Stocks started the week lower after pre-opening bell news that the Justice Department had launched a criminal investigation into Federal Reserve Chair Jerome Powell. A statement issued Tuesday morning by central bankers worldwide helped tamp down market volatility.^3,4

The White House called for a 10 percent cap on credit card interest rates for 1 year, putting pressure on financial stocks. Meanwhile, news that headline inflation matched forecasts while core inflation came in cooler than expected was well received by investors.^5,6

Despite solid retail sales and wholesale inflation reports for November, stocks were under pressure on Wednesday due to geopolitical tensions and disappointing Q4 results from a handful of financial stocks.⁷

Then chip manufacturers and banks led a rebound, recouping most of the week’s losses. Markets opened higher on Friday but then slid after the president backtracked on his preferred candidate to be the next Fed Chair. His comments led investors to believe that his new choice would be more market-friendly but perhaps less likely to adjust interest rates.⁸

Fed Drama

Tensions between the White House and the Federal Reserve escalated last week after the Justice Department issued a criminal indictment against Fed Chair Powell.

Powell, typically calm and collected in the face of criticism, posted an assertive video Sunday night. By the close of the week, however, investors seemed to have moved past the Fed drama as there was plenty of other news to follow.

This week: Key Economic Data

Wednesday:  Construction Spending* (Nov). Pending Home Sales.

Thursday:  Weekly Jobless Claims. Gross Domestic Product, Q3 (first revision). Personal Consumption & Expenditures (PCE) Index* (Nov).

Friday: Consumer Sentiment. Purchasing Managers’ Index (PMI)—Services & Manufacturing.

^{* indicates publication of a report delayed by the government shutdown in October and November}

^{Source: Investors Business Daily - Econoday economic calendar; January 16, 2026. The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to provide accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts are also subject to revision.}

This Week: Companies Reporting Earnings

Tuesday: Netflix, Inc. (FLIX), Interactive Brokers Group, Inc. (IBKR), 3M Company (MMM), U.S. Bancorp (USB)

Wednesday: Johnson & Johnson (JNJ), The Charles Schwab Corporation (SCHW), Prologis, Inc. (PLD)

Thursday: Procter & Gamble Company (PG), GE Aerospace (GE), Intel Corporation (INTC), Abbott Laboratories (ABT), Intuitive Surgical (ISRG), Capital One Financial Corporation (COF)

^{Source: Zacks, January 16, 2026. Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your goals, time horizon, and risk tolerance. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule their earnings reports without notice.}

"As you get older your willingness to tell more of the truth is awakened and you don't have to think about it or imagine it because now you know this to be true."

– Keith David

Tax Tips for Those in the Military

The Internal Revenue Service has certain special tax breaks and programs for members of the U.S. Armed Forces. 

Earned Income Tax Credit
You may include nontaxable combat pay as part of your taxable income. Including it may boost your earned income tax credit, resulting in you owing less and potentially a larger refund.  

Signing Joint Returns
As a rule, both spouses normally must sign a joint income tax return. If your spouse is absent due to military duty, you may be able to sign for your spouse. However, you may need a power of attorney to file a joint return. 

This information is not a substitute for individualized tax advice. Please consult with a qualified tax professional to discuss your specific tax issues.

Tip adapted from IRS.gov⁹

Stay Healthy During Flu Season

Conventional wisdom holds that flu season occurs in Fall and Winter, but the truth is it can vary widely from year to year and region to region. Fortunately, you may reduce your risk this coming flu season with a few simple steps.

●    Get the flu vaccination: While getting the vaccine may not prevent you from getting a strain of the flu, it may help you avoid one of the other strains. This is especially important for anyone with a chronic health condition and those 65 and older.
●    Wash your hands: Handwashing remains one of the most effective ways to prevent the flu. Wash your hands with soap and water for at least 20 seconds, and wash your hands often.
●    Disinfect: Disinfect objects that you touch every day, like doorknobs, your car’s steering wheel, and other household items that you use regularly.

While this information should not substitute for medical advice from your healthcare provider, adopting better habits, such as frequent handwashing, wearing a face mask, and avoiding anyone who is ill, may help you and your loved ones stay healthy this flu season.

Tip adapted from Centers for Disease Control¹⁰

My three eyes blink, and I give you commands. Although I can’t see, the changing colors in me prompt you to obey me with your wheels, feet and hands. What am I?      

Last Week's Riddle: You can separate them with a word, yet they are mostly inseparable. What are they? Answer: Your lips.

Red Panda (Ailurus fulgens)

Rhenen, Netherlands

Stocks posted solid gains in an action-packed week of market-moving economic data, geopolitical news, and bullish new year sentiment.

The Standard & Poor’s 500 Index gained 1.57 percent, while the Nasdaq Composite Index added 1.88 percent. The Dow Jones Industrial Average rose 2.32 percent. The MSCI EAFE Index, which tracks developed overseas stock markets, advanced 1.41 percent.^1,2

Santa Visits Dow, But Not S&P, Nasdaq

Stocks rose early Monday, led by the Dow Industrials, as investors looked past the news from Venezuela.

By Monday’s close, the Dow Industrials had gained enough to make the “Santa Claus Rally” a reality, pushing the Average to a 1.1 percent gain for the seven-session period (the last five trading days of 2025 and the first two of 2026). However, the S&P and Nasdaq came up short.³

All three major averages continued their rise through midweek as the AI trade—led by chip manufacturers—helped momentum. The Dow Industrials crossed the 49,000 level for the first time, and both the S&P 500 and Dow hit record closes as well as all-time intraday highs.⁴

The Dow then moved back into the “pole position” over the next session as investors appeared to rotate out of technology stocks and into other sectors, including cyclical stocks. Defense stocks got a boost from the president’s call for a $1.5 trillion annual defense budget in 2027—higher than the Pentagon’s target.^5,6

The December jobs report, released on Friday, showed modest job gains and a slight decline in the unemployment rate. Investors cheered the news, believing the update gave the Fed some flexibility with rates at its January meeting.⁷

Jobs Report

The Labor Department’s latest employment report showed a net gain of 50,000 jobs last month while unemployment ticked down to 4.4 percent, missing economists’ expectations of 73,000 jobs.⁷

Over the full year, net job growth averaged 49,000 per month—the lowest monthly pace in 22 years and a drop from 168,000 per month in 2024. Federal job cuts were a primary reason for the sluggish labor market in 2025, with 277,000 government positions eliminated.⁷

This Week: Key Economic Data

Monday: Fed Presidents Tom Barkin (Richmond), Raphael Bostic (Atlanta), and John Williams (New York) speak.

Tuesday: NFIB Small Business Optimism Index. Consumer Price Index (CPI). New Home Sales* (Oct). Fed Presidents Alberto Musalem (St. Louis) and Barkin (Richmond) speak. Federal Budget Deficit.

Wednesday: Retail Sales* (Nov). Producer Price Index (PPI)* (Nov). Business Inventories* (Oct). Existing Home Sales. Federal Reserve’s Beige Book. Fed Presidents Neel Kashkari (Minneapolis), Bostic (Atlanta), and Williams (New York) speak. Fed Governor Stephen Miran speaks.

Thursday: Weekly Jobless Claims. Import Prices* (Nov). Fed Governor Michael Barr and Fed Presidents Jeff Schmid (Kansas City) and Barkin (Richmond) speak.

Friday: Industrial Production. Capacity Utilization. Fed Vice Chair Philip Jefferson and Fed President Barkin (Richmond) speak.

^{* indicates publication of a report delayed by the government shutdown in October and November}

^{Source: Investors Business Daily - Econoday economic calendar; January 9, 2025. The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to provide accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts are also subject to revision.}

This Week: Companies Reporting Earnings

Tuesday: JPMorgan Chase & Co. (JPM), The Bank of New York Mellon Corporation (BK), Delta Air Lines, Inc. (DAL)

Wednesday: Bank of America Corporation (BAC), Wells Fargo & Company (WFC), Citigroup Inc. (C)

Thursday: Morgan Stanley (MS), The Goldman Sachs Group, Inc. (GS), BlackRock (BLK), Infosys (INFY)

Friday: The PNC Financial Services Group, Inc. (PNC)

^{Source: Zacks, January 9, 2025. Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your goals, time horizon, and risk tolerance. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule their earnings reports without notice.}

"It has always been easy to hate and destroy. To build and to cherish is much more difficult."

– Queen Elizabeth II

Tax Benefit and Credits: FAQs for Retirees

Many questions can arise about income taxes after retirement. Listed are answers to just a few common questions from retired taxpayers.

What types of income are taxable?
Some common types of taxable income include all or part of pension and retirement account income, gambling income, and alimony or prizes.

What types of income are non-taxable?
A few examples of non-taxable income include veterans’ benefits, disability pay for specific military or government-related incidents, workers’ compensation, and cash rebates from a dealer or manufacturer of an item you have purchased.

Why is my pension taxed?
It may depend on how the money was put into the pension. For example, if the money was not taxed before going into the plan, it may be taxable. Conversely, if your contribution is from already-taxed dollars, that portion of the pension may not be taxed.

This information is not a substitute for individualized tax advice. Please consult with a qualified tax professional to discuss your specific tax issues.

Tip adapted from IRS.gov⁸

Practicing Gratitude 

Psychologists have defined gratitude as a positive emotional response to receiving a benefit from someone or something. In positive psychology, gratitude is the human way of acknowledging the good things in life. Thankfully, you can learn gratitude if it does not come innately.

Practicing gratitude offers numerous benefits, particularly during times of stress and uncertainty. Gratitude invites positive emotions that can have physical benefits through the immune or endocrine systems. Research shows that when we reflect on what we appreciate, the parasympathetic or calming part of the nervous system is triggered, which can have protective benefits for the body—including decreasing levels of the stress hormone cortisol and increasing oxytocin, the hormone involved in relationships that fosters feelings of well-being.

There are a few great ways to get started today and practice gratitude in your own life:

• Write thank you notes
• Keep a gratitude journal
• Follow up with family and friends
• Give back to your family, friends, and community
• Pay kindnesses forward

Tip adapted from Mindful.org⁹

You can separate them with a word, yet they are mostly inseparable. What are they?

Last Week's Riddle: What starts with P and ends with E and has thousands of letters in it?

Answer: Post Office.

Niterói

Rio de Janeiro, Brasil

Stocks trended lower last week amid signs of year-end profit-taking and some sour investor sentiment over the Fed meeting minutes.

The Standard & Poor’s 500 Index fell 1.03 percent, while the Nasdaq Composite Index lost 1.52 percent. The Dow Jones Industrial Average slid 0.67 percent. The MSCI EAFE Index, which tracks developed overseas stock markets, ticked up 0.31 percent.^1,2

Santa Rally, Interrupted

Stocks opened lower to start the shortened holiday week with tech shares under pressure. Markets then moved sideways, but came under pressure after minutes from the December Federal Reserve meeting were released. Investors digested the details, which showed members remained divided.^3,4

Stocks recovered some ground on the first trading day of 2026. The tech sector was mixed, with AI chip stocks pushing higher, while other areas of technology, especially software companies, declined. Overall, the S&P 500 and Dow Industrials logged gains to kick off the new year, which helped pair losses from earlier in the week.^5,6

It remains to be seen whether the “Santa Claus rally”, which ends Monday, January 5, will materialize. The Santa period is the last five trading days of December through the first two trading days of the new year.

Focus on the Fed

There was little economic data last week, leaving investors to focus mostly on the minutes from the Fed’s December meeting. The minutes, released Tuesday, revealed a divided Federal Open Market Committee regarding short-term interest rates. The news unsettled investors a bit, which led to some selling pressure.⁷

A divided Fed has been a persistent theme during the second half of 2025, and investors will closely watch in 2026 to see whether the Fed’s outlook may change with the appointment of a new Fed Chair.

This Week: Key Economic Data

Monday: Institute of Supply Management (ISM) Manufacturing Index. Auto Sales.

Tuesday: Richmond Fed President Tom Barkin speaks. Purchasing Managers Index (PMI)—Services.

Wednesday: ADP Employment Report. Job Openings* (Nov). Factory Orders* (Oct). Institute of Supply Management (ISM) Services Index. Fed Vice Chair for Supervision Michelle Bowman speaks.

Thursday: Weekly Jobless Claims. Trade Deficit* (Oct). Productivity* (Q3). Consumer Credit (Nov).

Friday: Employment Report. Housing Starts* (Oct). Consumer Sentiment.

^{* indicates publication of a report delayed by the government shutdown in October and November}

^{Source: Investors Business Daily - Econoday economic calendar; January 2, 2026. The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to provide accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts are also subject to revision.}

This Week: Companies Reporting Earnings 

No major companies are reporting earnings this week.

^{Source: Zacks, January 2, 2026. Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your goals, time horizon, and risk tolerance. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule their earnings reports without notice.}

"We may encounter many defeats but we must not be defeated."

– Maya Angelou

Recordkeeping Tips for Small Business Owners

As a small business owner, your recordkeeping is of utmost importance. These records show your income, expenses, business transactions, and much more. You can choose any record-keeping system you prefer if you and the IRS have the necessary information. 

As a business owner, you will need to keep track of supporting documents such as:

• Purchases
• Sales
• Payroll
• Sales slips
• Paid bills
• Invoices
• Receipts
• Deposit slips
• Canceled checks
• Travel, transportation, entertainment, and gift expenses
• Assets

Keeping your records well-organized will save you time, effort, and money.

This information is not a substitute for individualized tax advice. Please discuss your specific tax issues with a qualified tax professional. 

Tip adapted from IRS.gov⁸

Take Time for Tea

Are you seeking a warm and cozy escape? Look no further than a cup of tea. Chamomile tea even has some potential health benefits!

Here are just a few:

• May lower blood sugar levels in people with diabetes and may help prevent blood sugar spikes
• May reduce inflammation
• May help with sleep and relaxation
• May help treat cold symptoms

Make time for tea!

Tip adapted from Medical News Today⁹

What starts with P and ends with E and has thousands of letters in it?

Last Week's Riddle: When I lose my jacket, I become larger and louder – but I also weigh a little less. What am I?

Answer: Popcorn.

Tiger's Nest Monastery (Taktsang Palphug Monastery)

Paro, Bhutan

Stocks posted a slight gain last week as mixed jobs data triggered some selling pressure before a cooling inflation report helped stocks recover.

The Standard & Poor’s 500 Index inched ahead 0.10 percent, while the Nasdaq Composite Index advanced 0.48 percent. The Dow Jones Industrial Average slipped 0.67 percent. The MSCI EAFE Index, which tracks developed overseas stock markets, rose 0.21 percent.^1,2

Round Trip for Stocks

A mixed jobs report on Tuesday created some concerns about the economy, leading the S&P 500 and Dow Industrials to modest declines. However, the tech-heavy Nasdaq posted a modest gain.^3,4

Stocks continued their retreat on Wednesday with a handful of AI-related names leading the decline.⁵

Markets then staged a rebound as a fresh inflation report came in cooler than expected for November, raising investor hopes that interest rates may trend lower. The S&P 500 and Dow Industrials broke four-day losing streaks, while the Nasdaq rebounded 1.4 percent on Thursday alone.⁶

Megacap tech stocks rebounded on the last trading day of the week, lifting the broader market. Investors appeared to look past a disappointing report on consumer sentiment.⁷

The Push & Pull of Jobs & Inflation

The Bureau of Labor Statistics combined its October and November employment data into one report. However, the October report only contained partial data due to the shutdown, while the November numbers reflected full data.

While November saw an unexpected increase (+64,000 versus economist expectations of +45,000), the October report showed employers cut 105,000 jobs. The unemployment rate ticked up to 4.6 percent.⁸

The Consumer Price Index’s (CPI) 2.7 percent year-over-year pace for November was slower than the 3.1 percent economists expected, and slower than September’s 3.0 percent pace. Market gains were tempered, however, as economists cautioned that shutdown-related gaps may have influenced some of the data.⁹

This Week: Key Economic Data
Tuesday: Gross Domestic Product (GDP)*, Q3. Durable Goods* (Oct). Consumer Confidence. New Home Sales, Sept.* Industrial Production, Oct.*

Wednesday: Weekly Jobless Claims. Survey of Business Uncertainty.

Thursday: CHRISTMAS HOLIDAY—MARKETS CLOSED

^{* indicates publication of a report delayed by the government shutdown in October and November}

^{Source: Investors Business Daily - Econoday economic calendar; December 19, 2025. The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to provide accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts are also subject to revision.}

This Week: Companies Reporting Earnings

No major companies are reporting earnings this week.

^{Source: Zacks, December 19, 2025. Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your goals, time horizon, and risk tolerance. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule their earnings reports without notice.}

"Our destiny is in our hands [...] So let’s build the future we all know is possible. Let’s prove to our children that they really can reach for their dreams."

– Michelle Obama

What is the IRS Alternative Media Center?

The IRS Alternative Media Center offers a variety of resources and accessibility services for visually impaired taxpayers. Using this platform, they provide tax-related content in several formats, including:

• Text-only
• Braille-ready files (available in English and Spanish)
• Browser-friendly HTML
• Accessible PDF (available in English and Spanish)
• Large print PDF (available in a variety of languages)

The IRS also offers enhanced accessibility services. Taxpayers can complete Form 9000, Alternative Media Preference, to choose how they would prefer to receive their tax notices (ex: in Braille, large print, audio, or electronic formats). They also have an accessibility helpline that can answer questions related to accessibility services.

This information is not a substitute for individualized tax advice. Please discuss your specific tax issues with a qualified tax professional.

Tip adapted from IRS.gov¹⁰

Controlling Different Kinds of Light to Help You Sleep Better

Controlling your environment, including your exposure to light, may help you sleep better at night.

Increase your exposure to bright light during the day.
We know it’s beneficial to keep your room dark while you sleep, but it’s also helpful to get more bright light throughout the day! This contrast may help reset your circadian rhythm.

Reduce blue light exposure at least an hour before bed.
Blue light may make it difficult for our brains to relax and fall asleep. Because of this, some sleep experts recommend limiting blue light at least an hour before bedtime. You can also turn “night mode” on, giving your device screens a gentler yellowish hue than blue light.

Tip adapted from WebMD¹¹

It has a thumb and four fingers, but isn’t alive. What could it be?

Last Week's Riddle: It usually loses a head by noon, but that same head often returns by midnight. What is it?

Answer: A pillow.

Le Cascate del Mulino, Tuscany, Italy

Tuscany, Italy