Phil, Mike, and Larry discuss how the October jobs report and the Fed’s favorite inflation gauge, the Personal Consumption Expenditures price index, which hit a three-and-a-half-year low of 2.1%, will affect the Fed’s thinking on cutting interest rates in November. They then talk about the new IRS 2025 catch-up contribution limits for 401(k)s and other retirement accounts.

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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 last week’s jobs report which came in much stronger than Wall Street expected and forced market participants to drastically change their views on future interest rate cuts this year. They then talk about how it’s been a year since the Oct. 7 attack by Hamas on Israel, how the conflict has expanded to now include Iran, and what this means for the oil and stock 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 last week’s economic reports – the personal consumption expenditures price index, which showed the 12-month inflation rate is at 2.2%, the lowest rate since February 2021, and a report that showed U.S unemployment benefits fell to a four-month low – and what those reports mean for future interest rate cuts this year. They then talk about trusts and when people should consider using them.

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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 decision to cut the Federal Funds interest rate by half a percentage point last week and what it means for investors lives. They then talk about the strange moves by the yields on U.S. Treasury bonds. Specifically, they address why yields declined before the rate was cut, but rose after the Fed’s announcement.

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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 consumer price index hitting its lowest level in three years and what they expect the Federal Reserve to do at its policy meeting this week. Will it be quarter-percentage-point cut or a half-percentage-point? And how will the market react? They then discuss the estate tax exemption, which will be cut nearly in half at the end of 2025, and what people should do to plan for the change.

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.

Phil, Mike, and Larry discuss last week’s drop in the stock market, which was the worst on the S&P 500 since March 2023, and whether there will be another correction in September. They then talk about what Focused Wealth Management is doing to prepare client portfolios in anticipation of the Federal Reserve cutting interest rate soon.

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.

Phil, Mike, and Larry discuss reports from earlier this summer that Warren Buffet’s company Berkshire Hathaway sold half its stake in Apple and how this enormous amount of shares hitting the market will affect the benchmark indexes? They then talk about last week’s news that Berkshire sold 13% of its stake in Bank of America and why would it do this before the Federal Reserve cuts interest rates.

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.

Phil, Mike, and Larry discuss reports that bond traders are taking on a record amount of risk, betting big on a Treasury market rally fueled by expectations that the Federal Reserve will cut rates next month. They then talk about the Labor Department revising its last jobs report 30% lower by 818,000 fewer jobs than originally reported in the 12-month period through March 2024, and what this means for the Fed.

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.

Phil, Mike, and Larry discuss the stock market’s rapid recovery after last Monday’s plunge and whether the markets will experience another significant drop or if that was it for the correction. They then discuss financial planning moves investors can make if another downturn occurs.

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.

In a Special Monday Edition, Phil, Mike, and Larry discuss why global markets are plunging on Monday and whether this is a short-term blip or a long-term decline. They then talk about what they expect the Federal Reserve’s next move will be. Join us for expert insights and analysis!

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.