by admin | Jun 23, 2023 | Weekly Wrap
Dear Friends, During the final weeks of June, a series of significant economic events developed worldwide. One of the most impactful events was the Federal Reserve’s decision to pause rate hikes during the June Federal Open Market Committee (FOMC) meeting....
by admin | Jun 9, 2023 | Weekly Wrap
Dear Friends, Financial market fears of a potential U.S. credit default were lifted as President Biden signed into law bipartisan legislation that suspended the $31.4 trillion debt ceiling, narrowly avoiding an unprecedented U.S. default. While this brought some...
by admin | May 26, 2023 | Weekly Wrap
Dear Friends, As the warmer weather begins to set in this time of year, we find ourselves eagerly anticipating the arrival of summer. As we begin Memorial Day weekend and look forward to spending time with friends and family, please join us in remembering and honoring...
by admin | May 12, 2023 | Weekly Wrap
Dear Friends, Consumers plan to spend a total of $35.7 billion on Mother’s Day this year, nearly $4 billion more than last year’s record high of $31.7 billion, according to the annual survey released today by the National Retail Federation and Prosper Insights &...
by admin | Apr 28, 2023 | Market Outlook, Weekly Wrap
Dear Friends, Last year’s bond performance was very disappointing, but at the same time, it was the result of required action by the Federal Reserve to bring inflation down. The culprit for the chaos in both stocks and bonds last year was the Fed’s aggressive rate...
by Judy Esau | Oct 25, 2021 | Weekly Wrap
The S&P 500 edged lower a day after the benchmark closed at a record. The broad market index fell 0.02% while the Dow Jones Industrial Average added 86 points, or 0.2%, helped by a 4% rise in shares of American Express, which reported strong quarterly earnings...
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