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Year-End Financial To-Do: Review and Rebalance Your Portfolio in this Post-Election Environment

Nov 24, 2020

By Bruce Buerkle, CFA, Senior Vice President, Manager Securities Research Support

As we close in on the final weeks of 2020, we are faced with many challenges that will still be with us as we turn the calendar. We continue to navigate through the coronavirus pandemic and the vast economic problems resulting from measures taken to keep us safe. The markets have been thrown numerous curveballs this year and have been quite volatile.

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Market Commentary: What’s Moving the Markets Now

Nov 23, 2020

By Bill Hornbarger, Chief Investment Officer

  • Do you foresee more volatility or a down market as the virus continues to spread? – More volatility. Market appears to be looking forward and seeing a vaccine available to a large number of people by mid-2021. That is being offset by what is likely to be a “grim winter” (to quote JP Morgan) as the virus number continues to spike
  • What will it take to hit Dow 30,000 and beyond?

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Three Things to Know and Watch

Nov 23, 2020

By Bill Hornbarger, Chief Investment Officer

Three Things to Know

  • More than 1 million people flew through US airports on Friday, (Nov. 20) – second-most since the coronavirus hit in the spring. 1.02 million passed through security screening portals on Friday, almost 40% of the nearly 2.6 million who flew on the same day last year. (Source: TSA, Quill Intelligence)
  • Both world ($96.6 trillion) and U.S.

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In the Balance

Nov 23, 2020

By Pete Biebel, Senior Vice President

Last week, the market had to weigh the good news of a second highly effective vaccine against the continuing increase in COVID cases across the country and around the world. So far, it’s a draw. The short-term concerns brought on by record infections have been offset by the longer-term hope for a speedier return to normal. The Dow Jones Industrial Average (DJIA) and the S&P 500 Index (SPX) each ended the week with net losses of less than 1%.

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Year-End Financial To-Do: Develop Your Long-Term Care Plan

Nov 17, 2020

By Dan Schulte, Senior Vice President and Manager, Annuities and Insurance

November is Long-term Care Awareness Month
Long-term care needs will vary from person to person, but according to HHS’s Administration on Aging, someone turning 65 today is 70% likely to need some type of long-term care in their remaining years.  While a little less than one-third of today’s 65-year-olds may never need long-term care support,

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Three Things to Know & Watch

Nov 16, 2020

By Bill Hornbarger, Chief Investment Officer

Three Things to Know

  • The Greek 10-year government bond, now yields less than the U.S. 10-year Treasury (0.74% and 0.90% respectively). In 2012, the Greek 10-year bond briefly yielded in excess of 33% before austerity measures and a restructuring of the country’s debt were taken. (Source: Benjamin F Edwards)
  • After touching an all-time high in February (152.5 million), non-farm payrolls fell by 22.2 million the next two months (to 130.3 million people) and at the end of October had recovered to 142.4 million.

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Hit Me With Your Best Shot

Nov 16, 2020

By Pete Biebel, Senior Vice President

Last week began with news that one of the COVID vaccines in development had proven to be surprisingly effective in trials. We all knew that an effective vaccine would eventually be created; what surprised the market was the trial vaccine’s claimed 90% efficacy rate. Stock index futures rocketed higher in pre-opening trading. All the major indices hit new all-time highs on Monday’s opening. Even the Russell 2000 Index of small cap stocks (RUT) finally exceeded its August 2018 high.

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Year-End Financial To-Do: RMDs are OUt, but Conversions and Charitable IRA Distributions are In

Nov 12, 2020

By Theresa Fry, Senior Vice President and Manager, IRA’s and Retirement Planning

Unlike years past when you may have been dreading that there are a mere seven weeks remaining in the year, you may be happy to see this one end. The year 2020 has been a year like none other. It has been a leap year, an election year, and of course, the year when the COVID-19 pandemic changed the way we work,

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Three Things to Know & Watch

Nov 9, 2020

By Bill Hornbarger, Chief Investment Officer

THREE THINGS TO KNOW

  • The 30-year Treasury bond had a total return in October of -4.25% as the yield increased 19 bps, from 1.45% to 1.64%, demonstrating that the current low yields heighten the risk of fixed income instruments with small yield changes resulting in noticeable price movements. (Source: Benjamin F. Edwards, Eaton Vance)
  • $2.37 million is the cutoff to rank in the top one-tenth of 1% of all U.S taxpayers.

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I’ll Marry You Tomorrow, But Let’s Honeymoon Tonight

Nov 9, 2020

By Pete Biebel, Senior Vice President

That song is Number 13 on one entity’s list of the 25 funniest country music song titles. Call me lazy or unimaginative, but when I’m at a loss for a title that characterizes recent market action, country music lyrics represent a target-rich environment.

Where the steep market losses in the previous week might have merited Number 21 on the list: “You Done Tore Out My Heart and Stomped That Sucker Flat,” last week the market was in much more of a lovey-dovey mood.

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