Phil, Mike, and Larry talk about the UBS takeover of its troubled rival, Credit Suisse, in a quickly arranged deal on Sunday, and ask if this will shore up the global financial system? This takeover is the most consequential fallout from the implosions of both Silicon Valley Bank and Signature Bank just a week ago. They then address the questions on many people’s minds- is this 2008 all over again? Will more banks fail? Are the major banks safe?

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As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

Phil, Mike, and Larry talk about why regulators closed Silicon Valley Bank on Friday and took control of its deposits in what is the largest U.S. bank failure since the global financial crisis 15 years ago, and the second-largest bank failure in U.S. history. They also discuss the closing of Signature Bank on Sunday, making it the third-largest bank failure. Then they evaluate what all this means for the Federal Reserve’s interest rate policy. Last week, the Fed said it will continue to aggressively raise rates to curb inflation. But the problems in the banking sector could change all that.

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As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

Phil, Mike, and Larry talk about why bond yields are rising again after the 10-year U.S. Treasury bond hit 4% last week. Then they discuss the saber rattling going on between China and the U.S. after the U.S. shot down a Chinese spy balloon and how this will affect the equity and fixed income markets.

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As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

Phil, Mike, and Larry discuss why the Dow Jones Industrial Average gave up all this year’s gains. Partly it’s hotter-than-expected inflation numbers, but also valuations. They talk valuations and Bloomberg saying, “the S&P 500 is roughly 20% more expensive than it ever was during the Internet bubble.” After that they consider the storms hitting California and whether the wreckage has a big impact on the economy.

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As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

Phil, Mike, and Larry talk about the Big Oil companies reporting that their profits doubled last year in the wake of Russia’s invasion of Ukraine, and what the outlook for oil is in 2023. They then discuss the CPI, retail sales, and wholesale prices coming in higher than expected in January and where they see inflation going for the rest of the year.

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As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

Phil, Mike, and Larry discuss the Federal Reserve’s schedule of rate hikes after Citigroup’s head of Asia Pacific trading strategies said the Fed might raise rates to 6% instead of 5%. Even Neel Kashkari, the president of the Fed Bank of Minneapolis and Jamie Dimon, CEO of JP Morgan Chase, agree that rates will rise above 5%. They then discuss the Citigroup strategist’s prediction that fair value on the S&P 500 will drop below 3,500 this year.

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As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

Last week, the January jobs report showed an increase of 517,000 jobs sending the unemployment rate down to 3.4%, its lowest rate since 1969. Phil, Mike, and Larry discuss what this means for the Federal Reserve’s schedule of rate hikes and what it means for the stock and bond markets. They then discuss what poor earnings from the tech sector — Amazon and Google posted ho-hum earnings and Apple posted its worst quarter since 2016 — means for the economy and the stock market?

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As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

January has been the tech sector’s best month since July. The Nasdaq 100 Stock Index is up nearly 11% since the year began, double the rise in the S&P 500 Index. Phil, Mike, and Larry discuss why investors are driving the market higher while analysts say this may be the worst earnings season for tech since 2016.They discuss what’s going on in the tech sector and what are investors thinking. They then discuss why the dollar has fallen for four straight months to a seven-month low and what this means for the economy.

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As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

Phil, Mike, and Larry examine the debt ceiling debate going on in Washington and what it means for the markets and people’s money if it continues to drag on. They also look at the current state of the housing market, which plunged to a 12-year low in December. With housing resales down 34% year over year, they consider whether the market is close to finding a floor or beginning a sharp correction.

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As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

Last year was one of the worst years on record for the bond market. Phil, Mike, and Larry discuss whether bonds will see a rebound this year. Will it be just Treasury bonds or corporates as well? And what about high yield bonds? They then discuss why the price of copper and other metals are surging. Is this related to China? And they tell us what their prediction for where metals are going in 2023.

Submit your questions to [email protected]

As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.