
Muskogee Public Library aims for funding, growth
Muskogee Public Library Branch Manager Julie Poor said she dreams of serving twice as many visitors than the 81,314 who visited last year.
'I love that people want to come and use the library,' Poor said. 'I love that people want to see this as a stopping place for them.'
However, the library must address many problems before those dreams come true, officials said. For example, a boiler/chiller and a public elevator have not been replaced for 52 years and are in constant need of repair, Poor said.
The library, part of Eastern Oklahoma Library System, seeks funding to meet immediate needs and long-term goals, said Kathy Seibold, system executive director.
The system is embarking on an Imagine More fundraising campaign raise at least $8 million for an eventual library renovation.
Seibold said the library will first seek major funding sources, including potential sales tax revenue. A second phase would include gifts between $50,000 to $500,000, a third phase could include community donations. She said fundraising could take three years.
Oklahoma libraries are funded mostly through city funds and county taxes, she said.
Cities pay the utilities, insurance and building maintenance. The city of Muskogee allocated $65,000 for the library out of its 2024-25 budget, Seibold said.
Counties provide ad valorem tax to libraries. Muskogee County provides four mills for library services throughout the county, Seibold said. Other libraries in the county are in Warner, Fort Gibson and Haskell.
'This year, Muskogee County provided $2,308,834.74 for the entire county,' Seibold said. 'EOLS uses ad valorem revenue to provide staff, materials and programming for the libraries in the system. Muskogee Public Library's individual budget is $1,238,627.'
Major library repairs were part of a city sales tax proposed for 2024 public vote. The election, along with a larger bond issue, were later scrapped. The sales tax proposal, to replace the half-cent sales tax expiring this October, included $1.5 million for HVAC and interior improvements at the library.
The city formed a committee to plan projects for a 2025 sales tax vote. The library wants to be a part of that sales tax proposal for at least $1.5 million, Seibold said.
Poor said the library has many age-related problems. She said the public elevator failed to operate 13 times in the past year.
Water leaks from the downstairs chiller, which dates to the library's opening. Poor said it's hard to get parts for a unit that old.
'This becomes a huge issue,' Poor said. 'The summer before last, we were shut down 13 days. The highest we got was 91 degrees inside the library.'
Floors are cracking in the lobby. Carpet is soiled upstairs and downstairs.
Seibold said the library eventually will need a total remodel.
'We would take it down to the studs,' she said. 'We have some restrooms that are not active right now because of the plumbing is not good. It needs new electrical, new HVAC. Those things alone would be $3 million.'
Poor said library employees discussed what they wanted Muskogee Library to be. Suggestions included more Maker Space for 3D printing and other computer-assisted projects.
'We want to meet the needs of today's patron,' Siebold said. 'Which means more community space. More space for one-on-one meetings, small rooms for teachers to meet with students.'
Artist renderings include outdoor spaces, such as a balcony, meeting area and children's space.
Seibold said the library would retain its mid-century modern style.
'That was something very important to us,' she said. 'They love this library. They love this building. There has been talk about building a new building. People said 'No.' It's important to them and important to us to maintain the style that this is, but bring it to today.'

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


USA Today
an hour ago
- USA Today
Fewer 401(k) millionaires minted in first quarter thanks to market mayhem, Fidelity says
Fewer 401(k) millionaires minted in first quarter thanks to market mayhem, Fidelity says Show Caption Hide Caption Understanding a 401k: How it works and why it's important What is a 401k plan? Key benefits and how to maximize your savings. Retirement savers have faced plenty of white knuckle days in 2025 where stock market conditions — and on-again, pause-again tariffs — put everyone's nerves on edge. Amazingly, no matter how awful things felt some days, many have not seen a double-digit fallout in their 401(k) savings in the first quarter, according to the latest data from Fidelity Investments. Average 401(k) retirement account balances fell 3% from late last year through the first three months this year to $127,100. Savers still saw a 1% gain in balances from the first quarter a year ago, according to Fidelity. Not as many 401(k) millionaires It wasn't as easy to become a millionaire during the first quarter's rough ride. Fidelity reported that 512,000 savers were 401(k)-created millionaires in the first quarter, down about 4.6% from 537,000 in the fourth quarter of 2024. These savers had at least $1 million in their retirement account. The third quarter of last year was when Fidelity saw a record number of 401(k) millionaires created, at 544,000. Fidelity's 401(k) data is based on 25,300 defined contribution plans at various companies across the country. The plans covered 24.4 million participants as of March 31. The on-again, off-again market panic What a difference a few months of economic uncertainty makes. We had a good, set-it-and-forget-it kind of a year in 2024. At the end of last year, retirement savers saw average 401(k) balances go up 11% from the start of the year, according to Fidelity's data. Even seeing a 3% decline in the first quarter this year could be unsettling for some savers, considering that 401(k) savers only saw a slight 0.5% dip on average from the third quarter through the fourth quarter last year. You would have to go back about two years to the third quarter of 2023 to see a drop of 4% in average retirement savings from the second quarter that year. So far, it has been one incredibly weird kind of a year with some miserable declines and some miraculous rebounds. Fortunately, many investors are no longer dealing with the 15% year-to-date decline that we saw as of April 8 for the Standard & Poor's 500 index. "If one 'took a nap' on Jan. 19 and didn't wake up until May 31, they would have conjectured that the markets had been relatively calm," said Robert Bilkie, CEO of Sigma Investment Counselors in Northville. The S&P 500 index was up 0.92% year to date through June 2 when the S&P 500 closed at 5,935.94 points. The total year-to-date return — including dividends — was 1.49% through the market close June 2. The total return was 25.02% in 2023 and up 26.29% in 2025. Most diversified common stock accounts held by savers are up modestly for the year, Bilkie noted. Pain worse for those investing in auto stocks, other companies The key word here is diversified. Some investors continue to face deep losses in 2025, particularly if they invested a large chunk of their money in one stock or industry. General Motors stock, for example, was down 10.47% year to date from its close of $53.27 a share on Dec. 31, 2024, through the June 2 close of $47.69 a share. Stellantis was down 25% from its close of $13.05 a share on Dec. 31 through its close on June 2 of $9.78 a share. Ford stock is up 0.8% from year-end 2024 when the stock price closed at $9.90 a share through June 2 when the stock closed at $9.98 a share. "The worst losses were centered around companies that were impacted by the uncertainty surrounding tariffs and trade war," said Sam Huszczo, a chartered financial analyst in Lathrup Village. "Think Tesla or Nike, who are very dependent on a confident consumer and relying extensively on international markets, manufacturing, and supply chains." Tesla stock was down 15% year-to-date through June 2; Nike was down 18.6% during that same time before dividends. This year, many investors also sold stock in some companies as they took profits from the high-flying stocks of 2024, like technology stocks, Huszczo said. "What goes up fast, also comes down fast. As the market darlings of last year turned into this year's cautionary tales." We continue to witness unpredictability, and a sense that things are different from economic shifts in the past. Wild swings are hard for investors Unlike the 2008-09 meltdown, we've not seen stock prices just keep continuously falling so far this year. Instead, we've seen some ungodly volatility. We've had days where the Dow Jones Industrial Average lost 2,231.07 points or 5.5% on April 4 and suddenly gained 2,963 points or 7.87% on April 9. Huszczo said many individual investors who are saving for retirement or other reasons tended not to panic sell, and often bought into the dip. Some "charged into the dip like it was Black Friday." On 'Liberation Day' on April 2, Trump put tariffs on every nation. On April 9, though, Trump paused his "Liberation Day" tariffs for 90 days until July 8 after Wall Street revolted over the widespread tariffs, which were expected to drive up prices and drive down economic growth in the United States. Now, the Trump administration wants countries to provide their best offer on trade negotiations by June 4, according to a Reuters report June 2. Michael Shamrell, Fidelity's vice president of thought leadership for workplace investing, said Fidelity recommends that maintaining a long-term plan is often the most appropriate strategy when investors face an uptick of volatility in the market, as has been the situation in 2025. "Factors like rapid policy changes, political uncertainty, and the impact of tariffs, along with the speed and magnitude of changes, contribute to a sense of heightened instability," the Fidelity report stated. Savers still want to continue to contribute at least enough in savings to 401(k) plans, Shamrell said, to receive their company's matching contributions. "It will not only put you in a good spot when markets recover but also allow you to continue to take advantage of any matching contributions your employer might offer," Shamrell said. Shamrell told me in a phone interview that it's encouraging that many people continued to stay on course in early 2025 and not make changes with their 401(k) savings — even with all the dramatic swings on Wall Street. The total 401(k) savings rate — adding both employee savings and employer contributions — increased to a record 14.3% in the first quarter, according to Fidelity data. The record-high 401(k) total savings rate, according to Fidelity, was driven by an unprecedented employee contribution rate of 9.5%, plus an employer match of 4.8% — the highest employer contribution rate recorded to date. At a 14.3% total retirement savings rate, Shamrell said, more people are moving closer to a recommended 401(k) savings rate of 15%. Fidelity recommends that employees aim to save at least 15% of their pretax income each year, including matching money from your employer, to help ensure that they have enough money in retirement to maintain their current lifestyle. Shamrell said the first quarter results likely benefited as some companies increased their 401(k) contributions into the plans based on profit-sharing arrangements. Beginning in 2025, the federal law called the Secure 2.0 Act also required companies with new 401(k) plans and 403(b) plans to automatically enroll eligible employees at a minimum contribution rate of 3%, but no more than 10%. The employee may opt out. Also under Secure 2.0, those enrolled in new 401(k) plans would automatically see their contributions out of their paychecks go up by 1% or so every year until they reached 10%. The employee could opt out or change the contribution rate. Both auto enrollment and auto escalation rules that began in 2025 apply to new plans established on or after Dec. 29, 2022. Employers are not required to offer 401(k) plans under Secure 2.0. More: US bond market, Brexit could foreshadow trouble for your 401(k) Other retirement trends, according to Fidelity data: Most individuals continued to contribute to their retirement savings accounts and continued to invest in the stock market. Of the 6% individuals that made a change to their allocation, 28.2% of those participants moved some of their savings into more conservative investments. Only 0.9% of 401(k) participants stopped contributing at all to a 401(k) plan in the first quarter. More than 66% of 401(k) participants used a target date fund or managed account, which offers a mix of assets. Target date funds provide an asset mix that reflects an individual's age and their expected or targeted year of retirement. Managed accounts are more personalized and also consider an individual's goals and risk tolerance. More: Stock market meltdown driven by tariff chaos hits 401(k) investors hard for 3rd day More: Trump tariffs tank stocks, 401(k)s, as market digests massive shift in economic policy Overall, 401(k) savers and investors have been resilient, according to Melissa Joy, president of Pearl Planning, a wealth adviser in Dexter. Many investors who maintained their overall allocation saw their portfolios start to return to positive territory by early May, she said. "We were seeing accounts just north of positive — up 2% to 4% at the end of the first quarter. Then, liberation day made everything topsy turvy in early April with deep but in many cases temporary drawdowns," she said. She acknowledged, though, that it is becoming difficult for some investors to separate their political outlook from their investment perspective. "But, all-in-all, our clients maintained their allocations and investment strategy through the volatility we've seen so far this year," Joy said. Uncertainty, of course, remains among the most popular words used by CEOs and other business leaders in 2025. We don't know what's next for Wall Street, trade talks, or the overall economy — and that isn't making it easy to save for retirement in 2025. Contact personal finance columnist Susan Tompor: stompor@ Follow her on X @tompor.
Yahoo
an hour ago
- Yahoo
Fewer 401(k) millionaires minted in first quarter thanks to market mayhem, Fidelity says
Retirement savers have faced plenty of white knuckle days in 2025 where stock market conditions — and on-again, pause-again tariffs — put everyone's nerves on edge. Amazingly, no matter how awful things felt some days, many have not seen a double-digit fallout in their 401(k) savings in the first quarter, according to the latest data from Fidelity Investments. Average 401(k) retirement account balances fell 3% from late last year through the first three months this year to $127,100. Savers still saw a 1% gain in balances from the first quarter a year ago, according to Fidelity. It wasn't as easy to become a millionaire during the first quarter's rough ride. Fidelity reported that 512,000 savers were 401(k)-created millionaires in the first quarter, down about 4.6% from 537,000 in the fourth quarter of 2024. These savers had at least $1 million in their retirement account. The third quarter of last year was when Fidelity saw a record number of 401(k) millionaires created, at 544,000. Fidelity's 401(k) data is based on 25,300 defined contribution plans at various companies across the country. The plans covered 24.4 million participants as of March 31. What a difference a few months of economic uncertainty makes. We had a good, set-it-and-forget-it kind of a year in 2024. At the end of last year, retirement savers saw average 401(k) balances go up 11% from the start of the year, according to Fidelity's data. Even seeing a 3% decline in the first quarter this year could be unsettling for some savers, considering that 401(k) savers only saw a slight 0.5% dip on average from the third quarter through the fourth quarter last year. You would have to go back about two years to the third quarter of 2023 to see a drop of 4% in average retirement savings from the second quarter that year. So far, it has been one incredibly weird kind of a year with some miserable declines and some miraculous rebounds. Fortunately, many investors are no longer dealing with the 15% year-to-date decline that we saw as of April 8 for the Standard & Poor's 500 index. "If one 'took a nap' on Jan. 19 and didn't wake up until May 31, they would have conjectured that the markets had been relatively calm," said Robert Bilkie, CEO of Sigma Investment Counselors in Northville. The S&P 500 index was up 0.92% year to date through June 2 when the S&P 500 closed at 5,935.94 points. The total year-to-date return — including dividends — was 1.49% through the market close June 2. The total return was 25.02% in 2023 and up 26.29% in 2025. Most diversified common stock accounts held by savers are up modestly for the year, Bilkie noted. The key word here is diversified. Some investors continue to face deep losses in 2025, particularly if they invested a large chunk of their money in one stock or industry. General Motors stock, for example, was down 10.47% year to date from its close of $53.27 a share on Dec. 31, 2024, through the June 2 close of $47.69 a share. Stellantis was down 25% from its close of $13.05 a share on Dec. 31 through its close on June 2 of $9.78 a share. Ford stock is up 0.8% from year-end 2024 when the stock price closed at $9.90 a share through June 2 when the stock closed at $9.98 a share. "The worst losses were centered around companies that were impacted by the uncertainty surrounding tariffs and trade war," said Sam Huszczo, a chartered financial analyst in Lathrup Village. "Think Tesla or Nike, who are very dependent on a confident consumer and relying extensively on international markets, manufacturing, and supply chains." Tesla stock was down 15% year-to-date through June 2; Nike was down 18.6% during that same time before dividends. This year, many investors also sold stock in some companies as they took profits from the high-flying stocks of 2024, like technology stocks, Huszczo said. "What goes up fast, also comes down fast. As the market darlings of last year turned into this year's cautionary tales." We continue to witness unpredictability, and a sense that things are different from economic shifts in the past. Unlike the 2008-09 meltdown, we've not seen stock prices just keep continuously falling so far this year. Instead, we've seen some ungodly volatility. We've had days where the Dow Jones Industrial Average lost 2,231.07 points or 5.5% on April 4 and suddenly gained 2,963 points or 7.87% on April 9. Huszczo said many individual investors who are saving for retirement or other reasons tended not to panic sell, and often bought into the dip. Some "charged into the dip like it was Black Friday." On 'Liberation Day' on April 2, Trump put tariffs on every nation. On April 9, though, Trump paused his "Liberation Day" tariffs for 90 days until July 8 after Wall Street revolted over the widespread tariffs, which were expected to drive up prices and drive down economic growth in the United States. Now, the Trump administration wants countries to provide their best offer on trade negotiations by June 4, according to a Reuters report June 2. Michael Shamrell, Fidelity's vice president of thought leadership for workplace investing, said Fidelity recommends that maintaining a long-term plan is often the most appropriate strategy when investors face an uptick of volatility in the market, as has been the situation in 2025. "Factors like rapid policy changes, political uncertainty, and the impact of tariffs, along with the speed and magnitude of changes, contribute to a sense of heightened instability," the Fidelity report stated. Savers still want to continue to contribute at least enough in savings to 401(k) plans, Shamrell said, to receive their company's matching contributions. "It will not only put you in a good spot when markets recover but also allow you to continue to take advantage of any matching contributions your employer might offer," Shamrell said. Shamrell told me in a phone interview that it's encouraging that many people continued to stay on course in early 2025 and not make changes with their 401(k) savings — even with all the dramatic swings on Wall Street. The total 401(k) savings rate — adding both employee savings and employer contributions — increased to a record 14.3% in the first quarter, according to Fidelity data. The record-high 401(k) total savings rate, according to Fidelity, was driven by an unprecedented employee contribution rate of 9.5%, plus an employer match of 4.8% — the highest employer contribution rate recorded to date. At a 14.3% total retirement savings rate, Shamrell said, more people are moving closer to a recommended 401(k) savings rate of 15%. Fidelity recommends that employees aim to save at least 15% of their pretax income each year, including matching money from your employer, to help ensure that they have enough money in retirement to maintain their current lifestyle. Shamrell said the first quarter results likely benefited as some companies increased their 401(k) contributions into the plans based on profit-sharing arrangements. Beginning in 2025, the federal law called the Secure 2.0 Act also required companies with new 401(k) plans and 403(b) plans to automatically enroll eligible employees at a minimum contribution rate of 3%, but no more than 10%. The employee may opt out. Also under Secure 2.0, those enrolled in new 401(k) plans would automatically see their contributions out of their paychecks go up by 1% or so every year until they reached 10%. The employee could opt out or change the contribution rate. Both auto enrollment and auto escalation rules that began in 2025 apply to new plans established on or after Dec. 29, 2022. Employers are not required to offer 401(k) plans under Secure 2.0. More: US bond market, Brexit could foreshadow trouble for your 401(k) Other retirement trends, according to Fidelity data: Most individuals continued to contribute to their retirement savings accounts and continued to invest in the stock market. Of the 6% individuals that made a change to their allocation, 28.2% of those participants moved some of their savings into more conservative investments. Only 0.9% of 401(k) participants stopped contributing at all to a 401(k) plan in the first quarter. More than 66% of 401(k) participants used a target date fund or managed account, which offers a mix of assets. Target date funds provide an asset mix that reflects an individual's age and their expected or targeted year of retirement. Managed accounts are more personalized and also consider an individual's goals and risk tolerance. More: Stock market meltdown driven by tariff chaos hits 401(k) investors hard for 3rd day More: Trump tariffs tank stocks, 401(k)s, as market digests massive shift in economic policy Overall, 401(k) savers and investors have been resilient, according to Melissa Joy, president of Pearl Planning, a wealth adviser in Dexter. Many investors who maintained their overall allocation saw their portfolios start to return to positive territory by early May, she said. "We were seeing accounts just north of positive — up 2% to 4% at the end of the first quarter. Then, liberation day made everything topsy turvy in early April with deep but in many cases temporary drawdowns," she said. She acknowledged, though, that it is becoming difficult for some investors to separate their political outlook from their investment perspective. "But, all-in-all, our clients maintained their allocations and investment strategy through the volatility we've seen so far this year," Joy said. Uncertainty, of course, remains among the most popular words used by CEOs and other business leaders in 2025. We don't know what's next for Wall Street, trade talks, or the overall economy — and that isn't making it easy to save for retirement in 2025. Contact personal finance columnist Susan Tompor: stompor@ Follow her on X @tompor. This article originally appeared on USA TODAY: Fidelity: fewer 401(k) millionaires minted in Q1 as markets churned Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Miami Herald
11 hours ago
- Miami Herald
Markets start to gear up for summer drama
Investors have a problem to work through: How to decide how and when to invest or sell - and what all that entails. Stocks had a good week, with the Standard & Poor's 500 Index rising 1.5% and closing above 6,000 for the first time since Feb. 21. Friday's big rally had some market watchers declare 6,500 on the index a real possibility. Don't miss the move: Subscribe to TheStreet's free daily newsletter The other big averages rose at least 1.2% on the week. The small-cap Russell 2000 Index jumped 2.9%. There were lots of winners like: On Semiconductor (ON) , up 19.4%.Quantum Computing (QUBT) , up 21%.Robinhood Markets (HOOD) , up 13.2%.Appliance/electronics retailer Best Buy (BBY) , up 10.2%. And one clear non-winner: Tesla (TSLA) , down more than 14.8% in the wake of CEO Elon Musk's flame-throwing departure from the White House. An important downside: Bond yields moved up. The 10-year Treasury finished Frida with a 4.512% yield. Mortgage rates adjusted nearly to 7%. "I truly find it remarkable that interest rates (the foundation of all discounted dividend/cash flow models) are climbing so rapidly, yet equities are unconcerned," Doug Kass wrote in his Daily Diary on the Street Pro. Related: Scott Galloway sends blunt message to Elon Musk The week ahead offers some important earnings reports, but if you you're thinking of putting money to work, take a breath. This may also be a week in which what happens outside the stock and bond markets may prove more important that what happens. The events start with the meeting scheduled Monday in London between trade representatives from the United States and China to get the tariff negotiations moving. There is an August deadline get to a deal done, and President Donald Trump, not known for patience, may begin to get antsy. Related: Berkshire Hathaway shares sag since Buffett say he's retiring There is a closer deadline: July 9 for all the other trade deals to get done, and one isn't hearing much on that front, either. Markets will start getting nervous over these problems, and it will be tricky then because second-quarter earnings reports will start to come out. In addition, Apple (AAPL) is holding its World Wide Developer Conference this week. News may be committed at the event. Delta Air Lines (DAL) and PepsiCo (PEP) are expected to report the week of July 7. JPMorgan Chase (JPM) says it will report on July 15. Another factor to consider: an expected drop off in foreign travel to the United States. A December estimate for an 8.7% increase in foreign visitors to the U.S. in 2025 has been revised to an 8,7% decline, Bloomberg News reported. Marriott (MAR) has already trimmed its guidance for 2025 because of expected softness in U.S. and Canadian business. NurPhoto/Getty Images So far, 2025 has been a dramatic, nay wild, year for stocks. But a bad year? Not really or yet. The S&P 500 is up 2% on the year, with eight of 11 sectors showing gains. The Nasdaq is up 1.1%. The Nasdaq-100 Index, dominated by big tech stocks, is up 3.6%. Most of the gains have come since the market bottom in April. Industrials are leading the S&P 500 with a 9.7% gain this year, led by Howmet Aerospace (HWM) , which makes components for jet engines, GE Aerospace (GE) , which makes aircraft engines, and GE Vernova (GEV) , which concentrates on power equipment. The weakest sector is Consumer Discretionary, down 6.8%. The group includes Tesla, Caesar Entertainment (CZR) and homebuilders Lennar (LEN) and D.R. Horton (DHI) . Information technology, including Microsoft (MSFT) , Apple, Nvidia (NVDA) and Broadcom (AVGO) , is up 1.1%. More Retail Stocks: Halloween retailer sounds warning consumers need to hearTarget expands same-day delivery to 100s of retailersWalmart makes surprise cuts as it looks at tariff price hikes Oracle (ORCL) has a market capitalization of nearly $500 billion. The shares are up 7.3% this year but up 42% from the April post-tariff announcement low. The earnings estimate is $1.64 a share, up slightly from a year ago's $1.63. The revenue estimate is $15.6 billion, up 9% from a year ago. Adobe (ADBE) is best known for tools to design and produce content. Anyone who has sent a .pdf file to any where has probably used Adobe software. The earnings estimate is $4.97 a share, up 11% from a year. Revenue is estimated at $5.8 billion, up 9.3%. Adobe shares are down 6.2% this year. Mostly that is because valuation is more appropriate. The shares had been at 30 times earnings. That's down to 20. Smucker (SJM) , the Ohio maker of jams, peanut butter (Adams) bought Hostess Brands, makers of no less than Hostess Twinkies, for $4.6 billion. Digesting the acquisition has been hard. The sweet snacks business faces huge headwinds in the demand for healthier snacks. (Can you say Wegovy and Mounjaro?) Smucker shares are up just 0.7% this year. The company took a big write-down in the first quarter. This quarter's report is all about showing progress on the problem. The earnings estimate is $2.25 a share, down from $2.66 a year ago. The revenue forecast is $2.19 billion, down slightly from last year's $2.21 billion. Gamestop (GME) is the world's largest video game, consumer electronics, and gaming merchandise retailer. The revenue estimate is $796.8 million, down 9.6% from a year ago. Earnings may come in a 4 cents a share. Casey's General Stores, (CASY) , Iowa-based operator of convenience stores in the Midwest and South. After Monday's close. Core & Main (CNM) , distributor of water, sewer and fire-protection products. Before Tuesday's open. Online pet-supply retailer Chewy (CHWY) . Before Wednesday's open. Related: Veteran fund manager who predicted April rally updates S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.