Markets faced significant headwinds in the first quarter as the S&P 500 fell 10% from its February high and ended the quarter down 4.6%. Tariff fears and the unwinding of the Tech AI trade were the two primary catalysts for the volatility. Markets hate uncertainty and as Mr. Barkin states above, we are looking into a dense fog with some of the new regime policies. Click here to read more of our our quarterly newsletter.
Please click here to read more on how to protect yourself from targeted scams.
As 2024 draws to a close, now is the ideal time to explore tax planning strategies that could reduce your tax burden not only for this year but also for 2025 and beyond. While many effective tax-saving approaches remain consistent year after year, there is still a window of opportunity to implement these strategies before December 31st. Click here to read where we have outlined a few planning thoughts.
Despite wars, hurricanes and a contentious election, the market continues its historic rise, consistently hovering around all-time highs. Click here to read Newsletter.
The Social Security system is facing significant challenges, with projections indicating that the Old-Age, Survivors, and Disability Insurance (OASDI) Trust Fund may be depleted by 2035. Click here to read more.
Canal Capital Management is pleased to announce that we have been selected to the Inc. 5000 list for 2024, our sixth year in a row. This is an annual ranking that consists of the fastest growing private companies in America. Canal came in ranked at number 4,790, and was one of only 36 Richmond businesses included on the list.
How the 2024 Inc. 5000 Companies Were Selected
Companies on the 2024 Inc. 5000 are ranked according to percentage revenue growth from 2020 through 2023. To qualify, companies must have been founded and generating revenue by March 31, 2020. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies–as of December 31, 2023. (Since the period under review, some on the list may have gone public or been acquired.) The minimum revenue required for 2020 is $100,000; the minimum for 2023 is $2 million. Growth rates used to determine rankings were calculated to four decimal places. All honorees must pass Inc. editorial review