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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Last night’s national election was like watching the World Series! It certainly went to the 10th inning of game seven just like the Cubs and Indians last month! I had to ultimately go to sleep last night and wake up at 2am to see who won. I know this is very emotional for many voters […]
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“Post Election” I said a few months ago that: “The current market is certainly a headscratcher and is difficult to sort out”. That certainly hasn’t changed much in that last few months or weeks, and the results of the election have certainly not helped either. What has Happened? Donald Trump has been elected as the […]
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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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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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“Now What?” The current market is certainly a headscratcher and is difficult to sort out. A few thoughts: I was reading an article from Lowry Research Corporation recently and they pointed out: “While a treadmill may be good for exercise, over time, workouts may cover many miles without the runner actually going anywhere. Over the […]
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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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“We’re Out of Here!” A week ago I didn’t expect to be writing about the UK leaving the European Union, but here we are. Here are some of the relevant points that I think need to be thought about: No doubt this is bad for the UK. According to JP Morgan’s economists, it may take […]
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“How Good is Housing as an Investment?” I had another query about housing today from a friend named Mike, who is convinced that the stock market is overpriced in general, and that real estate may be the best place to put his money: “I mean, what else is there?” he asked. Well, real estate certainly […]
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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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