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Perspectives

Short Essay that Summarizes Current Economic and Investment Outlook

by Fortem Financial November 27, 2023

In this short essay, we highlight some of the most important drivers for the economic and investment outlook. The essay is not exhaustive on any subject, nor does it touch on the long list of subjects impacting the investment environment. We will be more comprehensive with our Ten Predictions at year-end. Source: Bob Doll, Crossmark Investments   Chart reflects price changes, not total return. Because it does not include dividends or splits, it should not be used to benchma… View More

Has the Santa Clause Rally Already Started?

by Fortem Financial November 20, 2023

Stocks advanced for a third week in a row (S&P 500 +2.2%). Small stocks (Russell 2000) were up 5.45%. Disinflation optimism and weaker labor data supported peak Fed and soft-landing narratives. Best sectors were real estate (+4.5%) and materials (+3.7%); worst sectors were consumer staples (+0.6%) and energy (+0.9%).   Source: Bob Doll, Crossmark Investments   Chart reflects price changes, not total return. Because it does not include dividends or splits, it should not be used to b… View More

Magnificent 7 Continues to Dominate Market & Earnings Past and Present

by Fortem Financial November 13, 2023

Several weeks ago, we decided to reconstruct the S&P 500 by excluding the Magnificent 7 stocks from the sectors in which they normally reside and by creating a new separate sector for them. The characteristics of the new group of stocks were even more surprising than we might have thought. Looked at in this way as of the end of the third quarter, these seven stocks would represent the Index’s largest “sector” at roughly 28% of the S&P 500, while representing only 17% of its earning… View More

The Pause (In the Downtrend) That Refreshes

by Fortem Financial November 9, 2023

After reaching correction territory on Monday, stocks advanced each day with the S&P 500 (+5.9%) posting its best week in a year. Small stocks (Russell 2000 +7.6%) had their best week in two and a half years. Ten-year Treasury yields dropped 30bp for the week. Soft economic data and a dovish Fed meeting were among the supports. Best sectors were real estate (+8.6%), financials (+7.4%) and consumer discretionary (+7.2%). Laggards included energy (+2.3%), consumer staples (+3.3%), and healthca… View More

Fed Pause... For Now

by Fortem Financial November 2, 2023

The Fed kept rates unchanged at today’s meeting, but whether they are done with rate hikes or simply at a pause is yet to be determined. Today’s Fed statement itself was mostly a copy/paste of September, with some minor wording changes noting that the economy is growing at a “strong” rather than “solid” pace, and employment gains have “moderated” rather than “slowed”. The only new information came with the addition of “financial” conditions to previously noted credit con… View More

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PRIVACY NOTICE REGARDING CLIENT PRIVACY

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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Fortem Financial Group, LLC ("Fortem Financial" or the "Firm") is a federally registered investment adviser with offices in California and Arizona. Fortem Financial and its representatives are in compliance with the current registration and notice filing requirements imposed upon federally registered investment advisers by those states in which Fortem Financial maintains clients. Fortem Financial may only transact business in those states in which it is notice filed, or qualifies for an exemption or exclusion from notice filing requirements.

This website is limited to the dissemination of general information regarding the Firm's investment advisory services offered to U.S. residents residing in states where providing such information is not prohibited by applicable law. Accordingly, the publication of Fortem Financial' website on the Internet should not be construed by any consumer and/or prospective client as a solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment, tax or legal advice. Furthermore, the information resulting from the use of any tools or other information on this website should not be construed, in any manner whatsoever, as the receipt of, or a substitute for, personalized individual advice from Fortem Financial. Any subsequent direct communication from Fortem Financial with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. Fortem Financial does not make any representations as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to this website or incorporated herein, and takes no responsibility therefore. All such information is provided for convenience purposes only and all users thereof should be guided accordingly.

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