by Legacy Wealth Management | Jul 5, 2022 | Market Commentary
As we celebrate 246 years of national independence, our country is now more than two years into an economic recoveryfrom the two-month COVID Lockdown Depression. Although the economy has improved dramatically from the completelockdown bottom in April 2020, it’s still...
by Legacy Wealth Management | Jun 28, 2022 | Market Commentary
Real GDP declined at a 1.5% annual rate in the first quarter and, as of Friday, the Atlanta Fed’s “GDP Now” model projects zero growth in Q2. Click Here to Read More
by Legacy Wealth Management | Jun 21, 2022 | Market Commentary
Click Here to Read More We became bullish about stocks once mark-to market accounting was fixed in March 2009. We were also bullish after COVID-19 hit. We got called “perma-bulls,” but as we look back at the low interest rates and healthy profit growth, we don’t see...
by Legacy Wealth Management | Jun 13, 2022 | Market Commentary
All eyes will be on the results of the Federal Reserve meeting on Wednesday when it announces how much it’s going to raise short-term rates, its new projections for the economy and short-term rates for the next few years, as well as Chairman Powell’s press conference....
by Legacy Wealth Management | Jun 6, 2022 | Market Commentary
Click Here to Read More JP Morgan CEO Jamie Dimon caused a stir lately when he talked about a “hurricane” hitting the US economy. We think he may eventually be right, but is way too early. The employment report for May confirmed that the US economy continues to...
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