Phil, Mike, and Larry look back at market in 2025 and talk about what their biggest surprise was this past year. They also discuss what was the biggest lesson they learned about markets 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.

Phil, Mike, and Larry discuss Focused Wealth Management’s best market calls of 2025. They then talk about how third-quarter gross domestic product grew so much higher than Wall Street expected.

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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 cutting interest rates last week and should we expect more rate cuts before Jerome Powell steps down as Fed Chair. They then talk about how Oracle’s earnings report last week sparked the current sell-off in tech stocks and if this AI sell-off will continue.

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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 private equity firms are extracting cash from their portfolio companies by relying on alternative methods and what negative implications this will have on the market and economy. They then talk about the possibility of Kevin Hassett, the director of the National Economic Council, becoming the new chairman of the Federal Reserve when Jerome Powell leaves.

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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 Japanese government bonds tumbled yesterday, pushing the two-year yield to more than 1%, its highest level since 2008. They then talk about why silver prices have doubled since the start of the year, outpacing gold and surging to a record high on Monday.

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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 all the negative reports coming out, such as consumer sentiment hitting its lowest point in 16 years, and why it feels like we’re in a recession when GDP is expected to grow this year. They then talk about why the market fell after Nvidia posted great earnings and gave forecasts higher than Wall Street expected.

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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 whether artificial intelligence is driving the surge in U.S. GDP growth. They then talk about how the Nasdaq has dropped 6% and the S&P 500 is down about 4%, and whether we are heading into a correction or just letting some air out of the AI bubble.

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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 175% surge in layoffs in October, the biggest one-month reduction in 20 years, and what it means for the economy. They then talk about how a K-shaped stock market coinciding with a K-shaped economy is affecting economic growth.

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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 what it means that the Federal Reserve is ending quantitative tightening, why it’s doing it, and why QT won’t add to inflation. They then talk about news articles declaring the 60% stock/40% bond portfolio to be dead.

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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 gold posted its largest one-day drop in more than a decade. They then talk about the latest inflation numbers which climbed to more than 3% and whether this will hurt the prospect of more interest rate cuts this year.

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.