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Weekly Economic Update - September 14, 2020

On a holiday-shortened week, economic data included a tick upward in producer and consumer inflation, although levels remain tempered. Employment data remained mixed.
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Weekly Economic Update - September 8, 2020

Economic data last week included mixed but generally pointed to expansion for manufacturing and services releases, as well as a better-than-expected employment situation report for August.
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The Bull Is Back... Will It Keep Charging?

These are extraordinary times, and traditional expectations and measures of value may not tell the whole story.
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Weekly Economic Update - August 31, 2020

Economic data for the week included higher than expected durable goods orders, continued strength in house prices and new home sales, and largely stable elevated levels of jobless claims.
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Weekly Economic Update - August 24, 2020

Economic data for the week included strength in a variety of housing metrics, continued improvement in a broad index of leading economic indicators, but a pullback in several regional manufacturing indexes.
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Weekly Economic Update - August 17, 2020

Economic data for the week included further gains in retail sales, and industrial production, among other measures.
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Weekly Economic Update - August 10, 2020

Economic data for the week included strength in ISM manufacturing and non-manufacturing surveys, a better-than-expected employment situation report for July, and a slight improvement in jobless claims.
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Weekly Economic Update - August 3, 2020

Economic data for the week included the Federal Reserve keeping monetary policy unchanged and accommodative, GDP for the 2nd quarter came in showing historical weakness as expected, jobless claims remained elevated, while housing data showed signs of life with building activity picking up and prices steady due to tight market inventory.
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Federal Reserve Update - July 29, 2020

The Federal Reserve made no key policy changes in their July meeting, as expected, keeping the fed funds rate at the lower bound of 0.00-0.25%. Earlier this week, the pandemic-based emergency liquidity/lending programs were extended until at least the end of 2020, and dollar swap lines for longer.
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IRS Clarifies COVID-19 Relief Measures for Retirement Savers

Retirees who took RMDs in 2020 have until August 31, 2020, to roll the money back into a qualified account. This rollover will not affect the one-rollover-per-year rule.
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Weekly Economic Update - July 27, 2020

Economic data for the week included stronger results for housing prices and sales activity, some of which was due to continued tight inventories.
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Form CRS

Understand the Customer Relationship Summary, including background on the document's origin and details about the summary's various sections.
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The Shape of Economic Recovery

Most economists believe that GDP will turn upward in the third quarter, but it will take sustained growth to return the economy to its pre-recession level.
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How the SECURE Act Has Modified Legacy Planning

What changed as of the SECURE Act?
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Weekly Economic Update - July 20, 2020

Economic data last week included rebounds in retail sales, industrial production, and housing. Inflation metrics also showed a small creep up on prices for certain goods. Manufacturing data was mixed, while consumer sentiment weakened slightly.
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Weekly Economic Update - July 13, 2020

A light calendar of economic data for the week included a record increase in non-manufacturing, lower producer prices, and stronger job openings.
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Weekly Economic Update - July 6, 2020

On a shortened holiday week, economic data included sharp improvement in manufacturing, as well as in the June employment situation report.
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Weekly Economic Update - June 29, 2020

Economic data last week included higher than expected durable goods orders, along with mixed housing and jobless claims data. Inflation results remain tempered, as expected from low consumer demand.
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IRS Announces Blanket Relief for Unwanted 2020 RMDs!

The IRS has just released IRS Notice 2020-51 which extended the deadline to August 31, 2020 to return any unwanted 2020 RMDs.
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Weekly Economic Update - June 22, 2020

Economic data continued to rebound last week from the troughs of commercial activity during lockdowns. Strength was pronounced in retail sales and industrial production, as well as carryover into the index of leading economic indicators.
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Mid-Year Is a Good Time to Fine-Tune Your Finances

Taking a close look at your finances may give you the foundation you need to begin moving forward.
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Weekly Economic Update - June 15, 2020

Economic data for the week included the conclusion of the FOMC, where no monetary policy action was taken but the overall tone remained somber.
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Federal Reserve Update - June 10, 2020

Fed Note: Again, as expected, the FOMC kept the fed funds interest rate steady at a lower-band target of 0.00-0.25%. Without dipping into the unchartered and controversial waters of negative rates, this is as far as they can go.
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Weekly Economic Update - June 8, 2020

Economic data released last week continued to show broad shutdown-based weakness over the past several months, in manufacturing, services, construction, and employment.
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Weekly Economic Update - June 1, 2020

On a shortened holiday week, economic data continued its lackluster trend, now reporting the well-known weakness of April and May in many industries.
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2019 IRA Contribution Deadline Has Been Extended

Making a last-minute contribution to an IRA may help you reduce your 2019 tax bill.
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Weekly Economic Update - May 26, 2020

Economic news remained dreary, with expected poor results for home sales, leading economic indicators, and manufacturing—although there appear to see some signs of marginal improvement in sentiment for the latter.
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Celebrating Memorial Day

Every Memorial Day, we as a nation stop to think about the courage and sacrifice shown by the men and women who have served our country.
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Weekly Economic Update - May 18, 2020

Economic data continued to reflect the negative reality of Covid closures, with retail sales and jobless claims continuing to show extreme weakness, as well as a deceleration in inflation.
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Coronavirus Affects Federal, State, and Local Deadlines

Federal, state, and local governments have extended a number of deadlines amid the coronavirus pandemic. Here are just a few of the deadlines that have been affected.
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Too Much Oil with Nowhere to Go

There is too much oil, and the industry is running out of places to put it.
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Be Sure to Use Appropriate Benchmarks

It's important to understand how market swings relate to your own savings and investments.
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Weekly Economic Update - May 11, 2020

Economic data for the week remained poor from Covid effects, as expected, as ISM non-manufacturing and employment plummeted to lows not seen in years.
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Weekly Economic Update - May 4, 2020

Data for the week included lackluster results for Q1 economic growth, personal income and spending, manufacturing, and jobless claims. These were all as expected due to the rapid business shutdowns since March.
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7 FAQs About the 2020 Stimulus Checks

Here are some of the frequently asked questions (FAQ) people are asking about the 2020 Economic Impact Payment program.
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Relief Programs for Small Businesses During COVID-19

Business owners should familiarize themselves with all available aid to help ensure they are taking maximum advantage of the new laws, as well as other potential resources.
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Federal Reserve Update - April 30, 2020

The Federal Open Market Committee had no further policy moves to announce after their meetings this week. This follows lowering rates dramatically in March, to a minimum level of 0.00-0.25%, to counteract anticipated economic effects of the coronavirus.
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Weekly Economic Update - April 27, 2020

Economic data for the week continues to reflect the current extreme slowdown, increasingly, as the March and April numbers are calculated and released.
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Be Willing to Take Advantage of Market Downturns

Smart investors are prepared to weather the inevitable rough patches.
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Making Sense of the 2020 Oil Crash

Why are oil prices crashing? How can they be less than $0? What does that mean for the stock market? And what does that mean for us at the pump?
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Watch Out for Coronavirus Scams

The FTC has received over 20,000 COVID-19 related complaints since January 1, 2020.
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Weekly Economic Update - April 20, 2020

Economic news, per the new norm, reflected a slowing economy from Covid-related shutdowns.
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Cash Can Help Manage Your Mindset

Consider how a cash position could enhance your ability to make thoughtful investment decisions.
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CARES Act: Retirement Plan Relief Provisions

For those seeking access to their retirement funds, there are special provisions for coronavirus-related distributions and loans. For those seeking to preserve their retirement funds, certain required minimum distributions from retirement funds have been suspended.
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Could This Be a Chance to Rebalance at a Discount?

Have you considered rebalancing your portfolio to help deal with a volatile market?
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Weekly Economic Update - April 13, 2020

Economic data included tempered produce and consumer inflation figures, and sharply negative results, as expected, for jobless claims, job openings, and consumer sentiment. Impact from coronavirus-related economic shutdowns have begun to filter into official economic data, which is likely to continue in coming months.
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Government Acts to Blunt Financial Impact of Global Pandemic

The Federal Reserve moved swiftly in recent weeks to support the U.S. economy and help alleviate stress in the financial markets.
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Continuing to Invest May Help You Stay on Course

Try not to let short-term anxiety make you forget your long-term plan.
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Don't Panic

Despite the current market volatility, the best advice may be the simplest: step back, look at the big picture, and avoid any hasty decisions. The initial reaction to market spikes and sharp drops might be to make a quick exit, but that can be the wrong move. However, we understand that it’s natural to question your investment strategy when the market gets rocky. Here are some insights from the perspective of a financial professional; these steps might help you stay calm and focused.
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Weekly Economic Update - April 6, 2020

Economic data continued to reflect a slowdown in activity as the result of the coronavirus, although last month’s releases were mixed to some degree, based on when the results were measured.
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Breaking Down the CARES Act

As you know, the coronavirus pandemic has created both a health crisis and an economic crisis. As of this writing, there are over 160,000 known cases.[1] By the time you read this, there will certainly be more - and that number does not reflect those who have been infected but not tested. The economic cost, meanwhile, has resulted in millions of Americans losing their jobs. Some economists at the Federal Reserve estimate the unemployment rate could rise as high as 32%![2]
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What Are the Details of Last Week's Congressional Actions?

The long-awaited Coronavirus Aid, Relief and Economic Security (CARES) Act was passed, totaling $2.2 trillion in its final form.
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What Do the Recent Federal Reserve Actions and Backstop Mean?

By buying large amounts of some debt (treasuries and agency mortgages, primarily, but also targeted purchases in other segments), the Fed has agreed to become a natural source of promised or actual demand where there otherwise might not be any.
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Weekly Economic Update - March 30, 2020

Economic news for the week was largely focused on dramatic actions from Congress and the Federal Reserve, intended to stem damage from the coronavirus-related shutdowns that have just begun. Other released data from months prior to the virus outbreak is now largely considered ‘stale’, but included mixed results for new home sales and durable goods orders.
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Keeping Cool: Investment Strategy vs Reaction

After losing ground in 2018, U.S. stocks had a banner year in 2019, with the S&P 500 gaining almost 29% — the highest annual increase since 2013.[1] It's too early to know how 2020 will turn out, but it's been rocky so far, and you can count on market swings to challenge your patience as an investor.
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CARES Act to be Signed into Law

RMDs waived for 2020; 10% Early Distribution Penalty waived up to certain amounts; Plan Loan Rules relaxed
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Weekly Economic Update - March 23, 2020

Economic news last week was largely dwarfed by the dramatic efforts in progress by Congress and the Federal Reserve to stem the tide of economic and financial market damage from coronavirus-related shutdowns. Other released data included weaker retail sales and manufacturing indexes, while housing data exceeded expectations.
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Federal Student Loan Borrowers Get Some Relief Due to COVID-19

On March 20, 2020, the Department of Education announced terms for student loan relief for tens of millions of borrowers in response to COVID-19. Here are answers to some questions about the new rules.
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Thought of the Week

These are difficult times, not only from an economic and investment standpoint, but a community one as well. This societal strains and uncertainty over depth and time-frame of the current pandemic add to the volatility in financial assets. Keep in mind, though, as we’ve mentioned in prior notes, that these periodic shocks are far from abnormal. In fact, they’re healthy checks on risk-taking, and allow a reset of expectations and re-pricing of risk.
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COVID-19 Update

As is the case in every bear market, it’s the elusive question that everyone is seeking a precise answer to. Sharp market declines and volatility are built around uncertainty, whether it be in the financial system (e.g. 2008), terrorist events (2001), commodity price shocks (1970s), wars, or other surprises.
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Market Updates

No doubt the market gyrations of the last several weeks have rattled the nerves of many investors. After markets bounced around the -20% and -25% levels from the peak in February, now touching -30%, a question we've been asked several times is: 'How and when does this end?'
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