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As we said weeks ago, there are no signs of recession on the Horizon. Earnings continue to outperform

Fears that a slowing economy might lead to a recession eased last week as corporate earnings continued to outperform expectations; Friday’s jobs report provided additional optimism. The S&P 500® Index and the Nasdaq reached new highs as investors moved from safe harbor U.S. Treasuries into the equity markets. For the week, the Russell 2000® Index (1.96%) led followed by Nasdaq (1.74%), S&P 500® (1.47%) and Dow Jones Industrial Average (1.44%). Over 70% of companies in the S&P 50… View More

Trade and Earnings look like they are moving in the right direction

Trade commentaries and earnings results provided momentum for a third straight week of gains. The Nasdaq led with a gain of 1.90% followed by the Russell 2000® Index (1.51%), the S&P 500® Index (1.22%) and the Dow Jones Industrial Average (0.70%). With earnings results from approximately 36% of the companies in the S&P 500®, nearly 80% of reporting companies exceeded analysts’ expectations. Companies across many sectors (including Microsoft, Intel, Phillips 66, Boston Scientific, An… View More

Corporate earnings are strong and lift markets to near high levels

Last week the S&P 500® Index (0.54%) posted its second consecutive weekly gain on the strength of corporate earnings. For the week the Russell 2000® Index (1.56%) led the major indices followed by the S&P 500® (0.54%) and the Nasdaq (0.40%) while the Dow Jones Industrial Average fell -0.17%. The Dow lost ground on reports from Johnson & Johnson of a baby powder recall (due to traces of asbestos) and Boeing (on reports the company failed to disclose “concerning” instant message… View More

Positive movement on Trade with Q3 earning heading our way

The markets closed higher for the week, and ended a three-week losing streak, following Friday’s announcement of a “phase 1” partial trade deal. The White House announced the suspension of tariffs scheduled for this Tuesday on $250 billion worth of Chinese imports; China agreed to purchase between $40 billion and $50 billion of U.S. agricultural goods. For the week, the Nasdaq rose 0.93% followed by the Dow Jones Industrial Average (+0.91%), the Russell 2000® Index (+0.75%), and the S&… View More

Great year so far but the Market is currently treading water waiting for Q3 earnings next week

Through September, the S&P 500® Index posted a year-to-date gain of 19%, its best performance since 1997; these results, though, mask the modest 2.2% one-year performance. The equity markets reversed course last Tuesday following the release of the September ISM Manufacturing Index; the 47.8 reading, the lowest level in ten years, heightening recessionary fears. On Friday, the equity markets recovered with a “goldilocks” jobs report. The economy added 136,000 jobs in September and unemp… View More

Handicapping the Trade-Related Trump Slump & Tech Sector Focus

With non-farm payrolls set to be reported on Friday, the headline September data has, thus far, left something to be desired. While this is far from new news, investors have stretched the growth discount in the opening days of the quarter. While we’d bet better than even money this corrective phase continues in coming weeks, we do not anticipate a re-play of the 4Q’18 experience. For one, despite a weaker Sept. U.S. PMI, global activity gauges have actually improved M/M, a far cry from circu… View More

It makes no difference what comes out of Washington they will not derail our great economy…..No matter how hard they try!!!

Politics overshadowed trade again this week with House Speaker Pelosi’s announcement of a formal impeachment inquiry into President Trump. The equity markets reaction reflects concern that the inquiry might imperil Congress’ approval the USMCA agreement and hold up spending bills. The resulting “risk off” sentiment led to across-the-board weekly declines as the Russell 2000® Index declined 2.52%, followed by Nasdaq (‑2.19%), S&P 500® Index (-1.01%) and Dow Jones Industrial Averag… View More

The Fed, Trade and Oil supplies drove markets last week

The equity markets, following three consecutive weekly gains, declined last week as concerns relating to trade, Federal Reserve policies and oil supplies weighed on market sentiment. The Russell 2000® Index fell 1.17%; losses for the other indices included the Dow Jones Industrial Average (-1.05%), Nasdaq (‑0.72%) and S&P 500® (-0.51%). The week began with news of drone attacks, purportedly by Iran, on Saudi Arabia’s production facilities; the impact on production, 5.7 million barrels … View More

Trade is still the tail that wags the Dog

Positive trade-related commentary from the U.S. and China provided momentum as markets rebounded from oversold conditions for many cyclical stocks. The Russell 2000® Index rose 4.85%, its best weekly gain since 2016. The Dow Jones Industrial Average (1.57%), the S&P 500® Index (0.96%) and the Nasdaq (0.91%) were also positive for last week. Some analysts note that a trade deal might provide a greater upside for value stocks over growth stocks; indeed, this week’s gains in the Russell 200… View More

Markets continue to trend up waiting for Q3 Earnings season to start in early October

Equity markets continued to rally last week as the U.S. and China announced plans to meet again in early October. The S&P 500® Index (1.79%) led the major indices, followed by Nasdaq (1.76%), Dow Jones Industrial Average (1.49%) and the Russell 2000® Index (0.69%). New tariffs went into effect on September 1st; and the markets, in the absence of progress in trade negotiations, reacted negatively. Also, the release of the July ISM Manufacturing Index, which fell below 50 for the first time … 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.

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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.

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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.

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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.

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