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WEEKLY MARKET COMMENTARY

 

Furstenau Wealth Update

November 23, 2020

The Markets

 

The U.S. economy is like a semi-trailer truck. No one likes being stuck behind a semi at a stoplight because big trucks don’t go from zero to 60 in 2.5 seconds. Neither does the U.S. economy.

 

When the pandemic brought our economy to a near virtual standstill early in 2020, the U.S. government and Federal Reserve (Fed) took extraordinary measures to help the economy get going again:

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Furstenau Wealth Update

November 16, 2020

 

The Markets

 

Vaccine can be a powerful word. It’s worth 14 points in Scrabble (42 on a triple word square) and, last week, it was worth a whole lot more than that to financial markets.

 

On Monday, a pharmaceutical company and a biotech company announced preliminary trials of their vaccine show it may be 90 percent effective, reported Financial Times. The revelation conjured tantalizing visions of a future in which virus precautions are unnecessary and life returns to normal.

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Furstenau Wealth Update

November 09, 2020

 

The Markets

 

It’s said markets hate uncertainty, but that wasn’t the case last week.

 

Despite tremendous uncertainty about the outcome of the United States election, major domestic and international stock indices moved higher and the CBOE Volatility Index, better known as Wall Street’s fear gauge, moved 35 percent lower. Ben Levisohn of Barron’s reported:

 

“By all accounts, it should have been a terrible week for the stock market. At the close of trading on Friday, we still didn’t know whether Joe Biden or Donald Trump had won or which party would control the Senate. There was also set to be at least two recounts – one in Georgia, and one in Michigan – with likely more to come. It’s the kind of uncertainty that the market is supposed to hate.”

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Furstenau Wealth Update

November 02, 2020

 

The Markets

 

Last week, financial markets and economic data told very different stories.

 

Reviewing economic data is a bit like looking in a rearview mirror. Typically, it offers information about what is behind us. For example, last week we learned:

 

  • The U.S. economy grew by 33.1 percent during the third quarter of 2020. Strong growth helped boost America’s Gross Domestic Product (GDP), which is the value of all goods and services produced in the nation. At the end of the quarter, GDP was about 3 percent lower than a year ago, reported The Economist.

 

  • Personal income increased in September, and so did spending on goods and services. Americans bought more clothes, cars, and car parts, and spent more on healthcare and recreation.

 

  • New claims for unemployment insurance moved lower last week. Unemployment remains high overall, but a slowdown in new claims is positive.

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ARTICLES

 

November 25, 2020

Choosing a trustee to manage your estate when you are gone is an important decision, and one that should not be taken lightly. Depending on the type of trust you are creating, the trustee will be in charge of overseeing your assets and the assets of your loved ones.

November 18, 2020

With year end coming, many are thinking of making resolutions to improve your finances. However, improving your finances is a great thing to do at any time. Regardless of when you begin, the basics remain the same. Here are 10 key tips to getting ahead financially.

November 11, 2020

Most people who consult a financial advisor for the first time know they’ll need to discuss their targeted retirement date. But this isn’t the only piece of information your advisor needs—the better they know you, your finances and your goals the better they’ll be able to help you develop a sustainable plan for your future.

August 19, 2020

The importance of making a budget is a financial lesson that cannot be overemphasized.

 

If you and your family want financial security, following a budget is the only answer.

 

Still not convinced? Read on for six good reasons why everyone should create and stick to a budget.

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