Why Your 401(k) Just Took a Hit

Did your investment app look a little red today? Stocks took a nosedive as government bond rates shot up and everyone’s stressing over whether Congress will pass those new tax cuts. When bonds pay more, stocks get less attractive, and borrowing money (for companies and even you) gets pricier. Plus, Target’s sales flopped, making folks worry about how much we’re all spending. If you’re feeling the pinch, you’re not alone—this is why your retirement account might look a bit lighter this week. #MoneyMoves #MarketWatch #Investing101 #FinanceChat #CoffeeBreak #Business