Latest Posts

June Monthly Economic Update

by Chad Hassinger on Jun 5, 2020

Finance, Tax Planning, Weekly Market Commentary

June Monthly Economic Update

Stocks rallied in May, sparked by a supportive Federal Reserve, stories of states re-opening, and reported progress on a COVID-19 vaccine. The Dow Jones Industrial Average rose 4.2%, while the Standard & Poor's 500 Index picked up 4.5%. The NASDAQ Composite led, gaining 6.7%. April's positive momentum continued into May...

A Stock Market Lesson to Remember

by Chad Hassinger on May 28, 2020

Finance, Estate Planning, Weekly Market Commentary

Provided By Steven M. Gronceski, CFP®, AIF®
Vice President, Wealth Management

Undeniably, spring 2020 has tried the patience of investors. An 11-year bull market ended. Key economic indicators went haywire. Household confidence was shaken. The Standard & Poor’s 500, the equity benchmark often used as shorthand for the broad stock market...

May Monthly Economic Update

by Chad Hassinger on May 5, 2020

Finance, Tax Planning, Estate Planning, Weekly Market Commentary

May Monthly Economic Update

Stocks rebounded sharply in April, fueled by a flattening pandemic curve and positive results from a clinical trial investigating a treatment for COVID-19. The Dow Jones Industrial Average, which dropped 1% in March, jumped 11.08%. The Standard & Poor’s 500 Index rose 12.68%, and the NASDAQ Composite surged 15.45%.

Trying Times = Opportunities

by Chad Hassinger on Apr 8, 2020

Finance, Estate Planning, Weekly Market Commentary

Provided By Robert A. Mecca, CFP®, MBA
Vice President, Wealth Management

There is no textbook any of us can use to navigate through this present global situation. We cannot, for example, pull out the finance book, go to chapter four, page 112 and read about the best strategies to implement in case of a major coronavirus outbreak killing thousands...

Quick Facts Regarding the 2020 Stimulus Check provided by the CARES Act

by Chad Hassinger on Apr 8, 2020

Provided By Pamela A. Martin, AIF®
Financial Advisor

In an effort to stimulate the economy during this time of economic disruption while we shelter at home, the CARES act was passed and could put cash into your pocket by way of economic stimulus checks. Just how much will you receive is the golden question being asked by many...

April Monthly Economic Update

by Chad Hassinger on Apr 2, 2020

Finance, Tax Planning, Estate Planning, Weekly Market Commentary

April Monthly Economic Update

The Coronavirus Aid, Relief, and Economic Security (CARES) Act has been signed into law, bringing relief to millions of Americans, most of whom are expected to be quarantined for at least another month. The White House has asked Americans to continue "socially distancing" during the month of April. Volatility continued in International markets, even as the COVID-19 (novel coronavirus) reached the United States...

Stay Focused And Try To Keep It Simple Where Necessary

by Chad Hassinger on Mar 20, 2020

Finance

Provided By Robert A. Mecca, CFP®, MBA
Vice President, Wealth Management

Sometime in our past, we are likely to have complicated issues more than the situation at hand warranted. Perhaps we miscalculated, overestimated, or we thought that there must have been more to it to properly solve the problem. At times there are, indeed, many variables involved which can complicate things. Other times, the solution is simple...

How to Stop Worrying and Love a Falling Stock Market

by Chad Hassinger on Mar 20, 2020

Finance, Lifestyle, Weekly Market Commentary

How to Stop Worrying and Love a Falling Stock Market

The fact that stocks are extraordinarily volatile right now, in that sense, isn’t a problem with stock investing — it’s a feature! If it weren’t for these periods of fear, stocks would trade at levels that offer returns more like bonds or cash. The fancy academic name for this is the “equity risk premium,” but an ordinary saver can simply think of higher long-term returns as the compensation you receive for tolerating volatility...

The U.S. Is In A Bear Market. There Could Be A Recession. But This Is Not 2008.

by Chad Hassinger on Mar 20, 2020

Finance, Weekly Market Commentary, Lifestyle

The U.S. Is In A Bear Market. There Could Be A Recession. But This Is Not 2008.

The bear market was caused by the COVID-19 outbreak and not a systemic collapse of the financial system. This is a really important point to keep in mind as it’s highly probable that whenever this passes, the economy will be able to recover rather quickly. There are signs that the government will make efforts to help ensure that hourly workers and those not able to work remotely will receive some sort of aid, which will help limit the extent of the downturn and help boost the speed of the recovery...