Archive for the ‘Economic Update’ Category

Mark Levy’s Economic Update – Wednesday, July 12, 2017

July 21st, 2017 by Legacy Wealth Planning

The equity markets are rallying today due to comments of “gradual interest rate increases” by Federal Reserve Chairwomen Janet Yellen. The equity markets like this thinking because it implies slow increases in rates rather than swift, so thereby a lower chance of the economy slowing due to aggressive interest rate hikes by the Fed. LPL […]

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Mark Levy’s Economic Update – Thursday, June 8, 2017

June 14th, 2017 by Legacy Wealth Planning

The drama of the day is the testimony of Jim Comey, former director of the FBI, before the Senate’s Intelligence Committee. The Stock market is up today, but equities are not trading with the possible volatility that some traders were anticipating with today’s testimony regarding Mr. Comey and his interactions with President Trump. Another earnings […]

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Mark Levy’s Economic Update – Tuesday, April 18, 2017

April 24th, 2017 by Legacy Wealth Planning

The Dow 30 Industrial Average is currently trading at 20,515, down from its absolute closing high of 21,115 posted March 1st 2017. After the impressive rally in equity prices post-election, it appears as this newsletter has said in recent months that the markets are looking for the realities of Mr. Trumps promises and not just […]

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Mark Levy’s Economic Update-Wednesday, March 1, 2017

March 7th, 2017 by Legacy Wealth Planning

As I write this letter, the Dow 30 Industrial Average is up 300 points today and is trading over 21,000. The last few months have seen a historic rally in equity prices. Last night President Trump addressed Congress and today the concepts of lower taxes, less regulation, stronger military and fairness in trade is being […]

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Mark Levy’s Economic Update-Wednesday, January 25, 2017

January 30th, 2017 by Legacy Wealth Planning

At the time of this writing, the Dow 30 industrial Average today is trading above 20,000 for the first time in history. When I started in this business in 1986, I recall when the Dow 30 was trading above 1,500 for the first time. As I tell many clients in my office meetings, there will […]

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Mark Levy’s Economic Update- Wednesday, December 14, 2016

December 21st, 2016 by Legacy Wealth Planning

This afternoon, at the eighth and final Federal Open Market Committee (FOMC) meeting of 2016, the Federal Reserve (Fed) raised interest rates 25 basis points to put the Federal Funds target rate range at 0.50% to 0.75%. LPL Financial Research believes that this trend will continue and expects the Fed to enact two additional 25 […]

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Mark Levy’s Economic Update – Wednesday, September 7, 2016

September 21st, 2016 by Legacy Wealth Planning

After a quiet August, September bodes to be much more active. Here is a list of upcoming events in the short run: 1) September 11 – 17 is the peak of Hurricane season. With Hurricane Hermine becoming the first Hurricane since Wilma (11 years ago) to reach the Florida coast, it is safe today to […]

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Mark Levy’s Economic Update – Wednesday, August 10, 2016

August 25th, 2016 by Legacy Wealth Planning

Happy Summer! The U.S. equity markets have recently made new highs and are near those levels as I write this newsletter. Gold is holding near its recent high point and is currently $1,283/oz and interest rates (long and short) continue to hold at record lows. It is a strange financial mix we live in these […]

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Mark Levy’s Economic Update- June 21, 2016

July 8th, 2016 by Legacy Wealth Planning

Well, summer is upon us and by the time you receive this newsletter the “Brexit Vote” will most likely, have taken place. For those of you that don’t know, “Brexit” is the vote that will take place this Thursday, June 23rd in the United Kingdom (U.K.) on whether or not to remain in the European […]

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Mark Levy’s Economic Update – Wednesday, April 13, 2016

April 20th, 2016 by Legacy Wealth Planning

All of us at Legacy Wealth Planning will be happy when Monday, April 18th finally arrives. As a reminder, that date is this year’s deadline for your 2015 taxes. We hope all of you were able to find your 1099’s from LPL Financial and/or we were able to assist you during the last couple of […]

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