Tax Forms Coming Soon, But Not Yet … Another Weak Economic Number

It’s tax season, while many forms are coming in the mail, most are not arriving for another two weeks.  Non-Farm Payroll disappoints again.

Tax Forms

For those ready to get rolling on your taxes, forms will be ready after Presidents day on February 18, 2014. We will have an official post of “they are ready” but as always caution those eager to get at the front of the IRS line, not to file too early, as corrected tax forms are the usual in this day of complicated reporting.

Non-Farm Payroll Weak

Not to beat a dead horse, but another slightly weak (113k reported v expected 180k) Non-Farm Payroll number was reported this am. Recall this number measures hiring in the USA, and last months report (December measure) was very weak.

We think this weakness has been caused by the Polar Vortex Winter and is just a pause, not a break, however we will continue to monitor it closely. This key report in January has put a damper on the markets since early 2014.

Next week brings another travel time for me late in the week, but that is next week, and this is a Friday, heading into a weekend.

Have a Good Friday and a Great Weekend!

John Kvale CFA, CFP