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Fundamentals are strong enough for the markets to keep advancing

by Fortem Financial February 16, 2021

Fourth quarter 2020 earnings and revenue growth both surprised with positive results. With more than 75% of companies reporting, earnings growth is expected to be 3.4%. This is a significant increase compared to the -1.03% originally estimated on January 1st and further improvement from last week’s 2.4%. Revenue growth is also expected to be positive at 1.3%, up from -1.4% at the start of the year. In aggregate, companies are reporting earnings that are more than 17% above estimates, outpacin… View More

Executive Orders Help Bring Oil Back to $60/barrell - what does it mean for the economy

by Fortem Financial February 8, 2021

While higher commodity costs could challenge the industrials sector, it could also significantly boost earnings per share (EPS) for the energy sector. From 1995 to 2015, energy contributed approximately 12% to the overall index EPS while over the last 12 months, it has detracted about -7%. A return to profitably for the energy sector may be the key for index EPS to surprise to the upside in 2021 and 2022. By the end of 2021, current estimates are only suggesting a 2% contribution to overall earn… View More

4Q Sales Growth Turns Positive, Earnings Growth Not Far Off Either

by Fortem Financial February 1, 2021

With just less than 40% of S&P 500 companies reporting for the 4Q earnings season, results continue to come in quite strong. Estimated sales growth flipped positive for the overall index, and earnings growth is now estimated to be down only -1.6% led by the Technology and Financial sectors. The energy and industrial sectors continue to be the biggest laggards. Greater than 80% of companies are beating estimates for the 3rd quarter in a row, more than 80% of companies reporting have beaten ea… View More

Gamestop, Reddit, and the Robinhood effect

by Fortem Financial January 29, 2021

Because we have been getting a lot of inquiries about Gamestop (GME), AMC Entertainment Holdings (AMC), Express (EXPR), and other such companies, we wanted to share some of our thoughts on the risks involved with trading these names now. We believe that the volatility and risk associated with these stocks are just too great to take any type of position (long or short). The market is a sophisticated "barter" system. It matches buyers and sellers in real-time. Like any other market, when demand … View More

A fiscal boost plus easy monetary policy remain the offset to the negative economic data

by Fortem Financial January 25, 2021

Saving and fiscal stimulus are providing income replacement, so we see no cascading financial crisis. Also, productivity gains and inventory rebuilding argue for a boost to growth in 2021. The Blue Chip consensus U.S. real GDP forecast is 4.2% for 2021; we believe up to 6% is likely. Growth in China has also been a key support for global economic activity in 2021. Manufacturing has performed well (goods > services) in the global economy. For this reason, rising COVID-19 case counts in China … 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.

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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.

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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