Below is a list of our most recent newsletters, if you would like to view any of our archived newsletters, please click here.
What a difference a couple of days can make! Last Friday, the Dow 30 industrial Average closed down 500 points, closing at a new low for the year. Disappointing, at best. Monday the 3rd, the same Index closed up over 700 points and Tuesday the 4th, the Dow climbed over 800 points. That is a […]
In early June 2022, the Dow 30 Industrial Average was near its lows of around 30,000. For the next two and a half months, equities rallied, and the Dow reached approximately 34,000 in mid-August. Since then, we have been correcting with a sobering punch last Friday of a 1000 point down day for the Dow […]
The first six months of this year have been unpleasant from an economic view, but the last week has been a very positive one for the equity markets. Many people have difficulty understanding that markets move up and down in anticipation of the future. If the current news is negative, but the markets anticipate improvement […]
Basically, the start of 2022 has been difficult from the start. Both Equity and Bond prices have fallen, while inflation and interest rates have risen. The news on TV and social media is mainly negative and many of our clients wonder what will cause equity markets to move more positively in the hopefully near future? […]
Now that Elise is an integral part of Legacy Wealth Planning, we have chosen to alter our monthly letter to an email rather than a physical letter. We must keep up with the times and as Elise points out to me, the manpower and the environment (paper, envelopes, etc.) is better served by this change. […]
Stocks have gotten off to a very rocky start in 2022, with the potential for Federal Reserve rate hikes coming and the geopolitical worries over Russia and Ukraine only adding to the uncertainty. We don’t want to minimize the impact of that major geopolitical event, but there is some positive news out there, even though […]
It’s been a rough few weeks for the stock market. Fears of rising rates and the Federal Reserve pulling back its stimulus more aggressively than previously anticipated to fight high inflation have caused most of the market jitters, though earnings season—albeit in the very early stages—hasn’t helped either. The pain has been particularly acute for […]
Happy Holidays everyone! Winter has arrived in Reno with a bang and all the snow lovers are happy! Elise, my daughter, is finishing up her last licensing exam and expects to be here in the office with me to meet you all beginning in January. We are excited she is joining our Legacy Team! As […]
The first piece of news is to let you know that my daughter Elise M. Levy has joined us at Legacy Wealth Planning. Elise, Rose, and I have formed a partnership that will enhance what we can offer to our clients, and we will let you know about these upgrades as they evolve. Elise is […]
Wow, we have already passed the halfway point for 2021. It seemed a year ago that 2020 would never end and now the first six months of 2021 have flown by! Many of my clients and friends feel nervous these days. I’m not sure if it is the phone in all of our pockets letting […]
The big question today in the markets is about inflation. If inflation is real and prices on goods and services are rising, then the Federal Reserve (Fed) will back off its accommodative stance and interest rates will rise. Rising interest rates generally pressure stock prices to some degree as bonds with higher yields become an […]
The U.S. Economy’s recovery from the pandemic continues to surpass LPL Research’s expectations, aided by the accelerating vaccine distribution, massive stimulus, and America’s desire to resume some semblance of normal daily life. LPL Research raised its 2021 economic and earnings growth forecasts on February 8, and they are doing so again. They are raising – […]
First off, it is the time of year when I want to invite you to come into the office for an account review. To make an appointment, you simply go to our Legacy Wealth Planning website, click on the “Make an Appointment” tab and then click on Mark Levy. It will bring up my calendar […]
The New Year is here thank goodness. Everyone wants to put 2020 and COVID-19 behind us. The vaccine is being distributed (albeit slowly) and additional pharmaceutical manufacturers will be releasing more vaccines in the coming months. Hopefully, we will arrive at “herd immunity” soon (this summer?) and we can at that time return to somewhat […]
Well, the election is two weeks away with many voters making use of early voting and mail in Ballots. According to LPL, the stock market is more centered on COVID-19 cases and its effects on growth for the U.S. economy than on what happens in the election. Also, Speaker of the House Nancy Pelosi and […]