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Perspectives

While not smooth, the move continues from the “Great Lockdown” to the re-open

by Fortem Financial June 29, 2020

While local lockdowns remain concerns (for example TX & FL), a renewed national/global restriction due to the virus is not the base case. So, from depressed levels, we are seeing some very large economic growth rates. Global PMI measures continued to bounce in June. U.S. new home sales rose +16.6% m/m in May. Durables orders increased +15.8% m/m. The NY Fed’s tracking index of weekly data continues to turn up. U.S. consumer spending cuts look to have occurred at the upper-end of the inco… View More

Saving and the Shutdown

by Fortem Financial June 22, 2020

Turning off the global economic light-switch, and then turning it partially back on, has sent shockwaves through economic data that, while anticipated, have been jaw-dropping in both directions. For example, US retail sales plunged a combined 21.8% in March and April, before rising 17.7% in May. Manufacturing production fell 20.0% in March and April, before gaining 3.8% in May. Nonfarm payrolls shrank 22.1 million in March and April, followed by a gain of 2.5 million in May. The savings rate su… View More

Market pulls back for the first time in four weeks

by Fortem Financial June 16, 2020

Last week, equities fell for the first time in four weeks. Early last week, cyclicals continued to run from the week before. On Thursday however, risks of a second wave of COVID-19 cases sent the S&P 500 down over 6.8% as investors shed risky cyclical names for relative safety in Information Technology and Communication Services. Friday cyclicals made a slight comeback, but still ended the week negative as Energy, Financials and Industrials were the worst three sectors in the S&P 500. V… View More

Thoughts on Thursday's Market Movement

by Fortem Financial June 12, 2020

We wanted to share some thoughts on the myriad of news reports floating around and on yesterday's stock market movement. Thursday's stock market movement has many asking, “What made the market drop so much?,” and perhaps more importantly, “Will this look like March all over again?” For the first question, the short answer is that investors appear to have focused on negative (and incomplete) news. For the second question, we believe the answer is NO, and we will provide a basis for that … View More

Last week’s mostly peaceful Riots bring mostly peaceful protests over the weekend and it seems the market is the only thing watching to our countries grand re-opening

by Fortem Financial June 8, 2020

We are indeed living in strange times. After a weekend of peaceful protests and violent riots, stocks opened higher today on optimism for a quicker than expected economic recovery. The S&P 500 closed out last week higher by almost 5%, erasing the losses incurred since the beginning of March. The market recovery was also observed in small and mid-cap stocks where the S&P MidCap 400 and Russell 2000 were both up over 8% last week. Investors eagerly awaited last Friday's job report because … 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.

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