Source: Bob Doll Crossmark Investments Sincerely, Fortem Financial(760) 206-8500team@fortemfin.com … View More
Equities had their worst week since September (S&P 500 -4.6%). All sectors were down with banks the biggest decliners due to the SIVB financial failure. Treasuries rallied across the curve, with two-year yields recording their largest two-day move since 9/11. Best sector performers for the week were consumer staples (-1.9%), utilities (-2.9%), and technology (-3.1%). Worst performers were financials (-8.5%), materials (-7.6%), and REITS (-7.0%). Chart reflects price changes, not tot… View More
As we are sure you have seen, the FDIC stepped in to take over Silicon Valley Bank (SIVB) over the weekend. First and foremost, we want to assure that your assets at Charles Schwab are safe and secure. To begin, we want to highlight a key difference between investment (brokerage accounts) and bank deposit accounts. Investment accounts are held in trust name for a client’s benefit. The assets are not comingled with the brokerage company’s assets. Because of this, if the brokerage company we… View More
U.S. equities were higher last week (S&P 500 +1.9%) after three weeks of declines. Markets continued to reprice upward Fed rate expectations. Best sectors were materials (+4.0%), communication services (+3.3%) and industrials (+3.3%); worst performers were utilities (-0.7%) and consumer staples (-4.0%). 1. There is clearly not yet enough progress on inflation to satisfy the Fed which means higher risk of ongoing hikes. This factor coupled with declining money supply and the inverted yield c… View More
Dear Clients, Today is the 1st Annual Coachella Valley Giving Day. CV Giving Day brings the region together as one community, raising money and awareness for local nonprofits in the Coachella Valley. Fortem Financial is a long-time supporter of the local non-profit, Martha's Village & Kitchen, where their mission is transforming lives of the impoverished and homeless. All donations made today up to $20,000.00 will be matched. Visit the Martha's donation page here: CV Giving Day Martha'… View More