January 2020

Post 1 to 6 of 6

Coronavirus upstaged the markets’ focus on earnings and economic data

The potential global impact of the coronavirus upstaged the markets’ focus on earnings and economic data. The deadly virus has spread far beyond its origination in Wuhan China; as of Friday, over 900 cases (including 26 deaths) have been confirmed in 11 countries. On Friday, the unknown reach of the virus triggered a market selloff which was the largest decline since October 8, 2019. For the week, the Russell 2000® Index (‑2.20%) posted the biggest decline followed by the Dow Jones Industri… View More

Trade is moving forward… USMCA is approved by the senate and the phase one trade deal is signed with China

The indices rose last week on the strength of the signing of Phase One trade agreement with China, the Senate’s passage of the USMCA agreement, positive economic reports and a good start to earnings season. The Russell 2000® Index (2.53%) led the major indices, followed by the Nasdaq (2.29%), the S&P 500® Index (1.97%) and Dow Jones Industrial Average (1.82%). On Wednesday, the U.S. and China signed the Phase One agreement; details of the deal address several long-standing concerns by th… View More

2020 Tax Updates

Congress, at almost the last minute, passed a large number of tax changes, including a number that affect retirement plans and will become effective in 2020, as well as extensions through 2020 for a number of tax provisions that had expired or were about to. The list of changes is quite large, so we have only included those that are most likely to affect our clients. We recommend following up with your accountant for a full list of tax changes and how they may affect your personal or business si… View More

Markets continue to move higher with the signing of the Phase 1 China trade agreement this week

Most of the equity markets edged higher this week despite the uncertainties in the Middle East; the Russell 2000® Index declined fractionally. For the week, the Nasdaq (1.75%) led the major indices followed by the S&P 500® Index (0.94%), the Dow Jones Industrial Average (0.66%) and the Russell 2000® (-0.19%). The markets opened the week lower following last week’s assassination of Iran’s military leader General Soleimani by U.S. drones in Iraq. Iran then retaliated with a nighttime, n… View More

The Conflict in Iran

On Tuesday, January 7th, Iran launched a series of missile attacks against US military bases Al-Asad and Arbil with state sponsored television reporting that this is the “opening of Terahn’s revenge” for the US drone attack responsible for killing General Qassem Soleimani. Later, Iranian foreign minister Javad Zarif signaled this could be both the “beginning” and the “end” of the strikes against the US. These two conflicting statements leave us wondering what to expect. Our hearts … View More

Predictions for 2020 - A Modest Growth US Economy

At the beginning of each year, we like to share the top 10 predictions of an analyst we have followed for many years, Bob Doll, who is the Chief Equity Strategist at Nuveen. He has historically been right on more than 70% of these predictions, and for us, they serve as a broad overview of the current economic climate. Bob Doll's Top 10 Predictions for 2020: The world avoids recession in 2020 as U.S. GDP grows over 2% and global GDP grows over 3%. Inflation and the 10-year U.S. Treasury yield … View More

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Fortem Financial Group, LLC, has adopted this policy with recognition that protecting the privacy and security of the non-public personal information we obtain about our customers is an important responsibility.

All financial companies choose how they share your non-public personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your non-public personal information. Even when you are no longer our customer, we will only share your non-public personal information as described in this notice. So, please read this notice carefully to understand what we do.

The types of non-public personal information we collect and share depend on the product or service you have with us. This information can include items such as your Social Security number and income, your account balances and transaction history, and your investment experience and account transactions.

We collect your non-public personal information in a variety of ways. For example, we obtain your non-public personal information when you open an account or give us your income information, tell us about your portfolio or deposit money, or enter into an investment advisory contract. We also collect your non-public personal information from other companies. For example, from the custodians who hold your account assets.

All financial companies need to share customer’s non-public personal information to run their everyday business. Below, we describe the reasons we can share your non-public personal information and whether you can limit this sharing.

We share your non-public personal information for our everyday business purposes such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, report to credit bureaus, to protect the confidentiality or security of your records, or as permitted by law. We may also share your non-public personal information for our own firm’s marketing purposes; so that we can offer our products and services to you.

Federal law gives you the right to limit only sharing non-public personal information about your credit worthiness for our affiliates’ everyday business purposes; sharing non-public personal information about you with our affiliates to market to you; and sharing non-public personal information with non-affiliates to market to you.

We don’t share non-public personal information about your creditworthiness with our affiliates for their everyday business purposes. We don’t share your non-public personal information with our affiliates to market to you. We don’t share your non-public personal information with non-affiliates to market to you. We also don’t share your non-public personal information for joint marketing with other financial companies. State laws and individual companies may give you additional rights to limit sharing.

We share non-public personal information with our parent company affiliate, Focus Financial Partners, Inc, for its internal and external auditing purposes. We also share your non-public personal information with a non-affiliate for the purpose of aggregating it and providing summary information based on this data to our parent company, Focus Financial Partners, Inc.

To protect your non-public personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings.

Our policy about obtaining and disclosing non-public personal information may change from time to time. We will provide you notice of any material change to this policy before we implement the change.

If you have questions please call us at 760-206-8500 or go to our website at www.fortemfin.com.


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