We seem to be back in a period of worry and concern. Greece was in the headlines for the last few months. After much posturing by its new government to not cave in to European pressure to cut pension benefits and abide by more stringent austerity measures, they ended up doing exactly that. I suppose […]
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During the last few trading days, U.S. and European equity markets have been weak – but not today. The Dow 30 Industrial Average is currently up 250 points on the day (Wednesday) and is trading at 18,014. European markets are also higher today. Look at Germany’s DAX index – it is up over 3% today. […]
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Mark Levy’s Economic Update – Wednesday, January 08, 2014 In the last couple of years there has been a common theme in my newsletters. The tone is usually optimistic about the economy and equity markets, and cautious regarding the near term future. The reasons for economic optimism have been obvious; an accommodating Federal Reserve policy, […]
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Mark Levy’s Economic Update Tuesday, December 3, 2013 You have all certainly noticed US equity markets rising dramatically of late and this “lift” has been for the most part, enjoyable to watch. Today, U.S. and global equity markets are pulling back – the Dow 30 industrial average closed down 94 points this afternoon to […]
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Mark Levy’s Economic Update – Wednesday, November 06, 2013 My last newsletter focused on the concern of the United States Government shutdown and the debate between Republicans and Democrats over raising our country’s debt limit. It is amazing how front page concerns can so quickly change, isn’t it? What is also amazing is how the […]
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Mark Levy’s Economic Update – Tuesday, May 2, 2012 Zacks, a well known research house and money manager released this update on corporate earnings for this quarter: “The first quarter earnings season has turned out to be much stronger relative to pre-season expectations. For the 60% of the companies that have already reported, total earnings […]
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Mark Levy’s Economic Update –April 02, 2012 Well, we have put to bed the first quarter of 2012 and surprise, surprise; it was the best quarter for the equity markets since 1998. The S&P 500 Equity Index rose approximately 12% for the quarter and that represents the return expectations LPL Financial had for this index […]
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Mark Levy’s Economic Update – March 6, 2012 The rally in the stock market since the beginning of the year has been an impressive one. We have become what market experts call, “over bought” and some decline or rest activity is appropriate to provide the “pause that refreshes” in a bull market. Today we are […]
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Mark Levy’s Economic Update – February 07, 2012 For the month of January, the S&P 500 returned 4.4% – an impressive move, considering very few in the financial media saw this coming. The January unemployment report was one of the most robust employment reports in many years. This along with improved European concerns and good […]
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Mark Levy’s Economic Update – January 4, 2012 Let’s start with tax reporting information. The new deadline for 2011 1099’s consolidated tax information is February 15. The IRS has extended this date from January 31st because of the challenges financial institutions had with the early date. In recent years corrected 1099’s became the norm, so […]
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