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Federal Reserve Cuts Rates Amid Coronavirus Concerns

Tuesday, March 3, 2020

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The Federal Reserve cut interest rates today by half percentage point amid concern the coronavirus outbreak could threaten the US economy.  It is the first emergency move like this since 2008. “The fundamentals of the U.S. economy remain strong,” a statement from the Federal Reserve said. “However, the coronavirus poses evolving risks to economic activity. In light of these risks and in support of achieving its maximum employment and price stability goals, the Federal Open Market Committee decided today to lower the target range for the federal funds rate by 1/2 percentage point, to 1 to 1‑1/4 percent.” It continued,…

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Coronavirus Investor Update

Wednesday, February 26, 2020

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On Monday and Tuesday of this week, the Dow Jones Industrial Average fell nearly 2,000 points, falling from historic highs by approximately 6.5%. The spread of Coronavirus to countries such as Korea, Iran and Italy sparked the selloff which was compounded on Tuesday when the CDC warned Americans that a spread to the United States was highly probable. The Facts: Coronavirus (COVID-19) was first detected in the Hubei province of Wuhan City in China in December 2019. Since then, the disease has spread to a number of other countries with confirmed cases totaling over 81,0001 (as of 2/26/2019). Concern in U.S….

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Tips for Starting Difficult Discussions with Aging Parents

Thursday, February 13, 2020

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When you start to notice that your parents are slowing down because of age or illness, talking with them about their future needs and plans can be difficult. Finances, estate planning, care plans, final wishes, etc. are complicated discussions. In our experience, we believe it is important to start these conversations early, before it is really needed, and definitely before a crisis hits. Our recommendations: This is a big topic so it will take more than one conversation. Don’t overdo in one sitting. Make sure they know your intentions are loving and you are trying to help. Be a good…

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Monthly Market Update for January 2020

Wednesday, February 12, 2020

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Please find the next blog in our monthly series that provides a review of the prior month’s market data, the state of the economy, and the global financial markets. Global Economy: Following the robust returns of 2019, there has been much speculation as to what may precipitate heightened volatility in financial markets. Would it be the U.S. impeachment process, a slowdown in global growth, earnings disappointments, conflict in Iran, or renewed tariff escalation with key trading partners? The first half of January was relatively calm, with U.S. tech stocks leading the way as global equity markets maintained an upward trend….

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Economy and Markets in Review – 2019

Wednesday, February 12, 2020

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While the global economy extended its post-crisis recovery in 2019, growth occurred at its slowest pace since the global financial crisis. Despite the headwinds from a weak global economy, trade disputes, geopolitical tensions, and social unrest, it was a strong year for global equities. Key Highlights: Political and trade-related headlines fostered an environment of uncertainty Global economic momentum receded, despite notching another year of positive growth Central banks relented on monetary policy tightening, with the U.S. Fed cutting rates 3 times Non-U.S. stocks underperformed U.S. stocks, with emerging markets lagging all year The U.S. economy grew for the tenth consecutive…

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