Phil, Mike, and Larry discuss the Dow Jones Industrial Average’s historic crossing of the 40,000-point milestone last week, what has been driving the rally that helped the market hit 40,000 and what the next big milestone will be. They then discuss the copper market, which saw the metal’s price climb to more than $10,000 a ton last week in London. 

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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 Zac celebrate a special edition of 2 Question Tuesday, honoring the four-year anniversary of the show’s first episode. A lot has changed over the past four years, so first Phil and Mike discuss what they’ve learned about both the stock and bond markets during that time. They then reflect on the origins of the podcast, and why they decided to start it in the first place.

We want to thank you, our loyal clients, for tuning in each week over the past four years. It’s an honor to work for you each and every day, and we couldn’t have made it this far without you. Also, special thanks to Karl Bischoff, our multimedia editor who’s been with us from the beginning, and Mary Jane’s Dairy Bar for the delicious ice cream cake.

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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 last week to keep interest rates unchanged and the softer-than-expected jobs report out Friday that has the market thinking we will get a rate cut sooner than later. They then talk about a plan by conservative economists to get former-President Trump to embrace a flat tax of 17%, should he get elected, and what this would mean for the nation.

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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 Zac discuss what’s going on in the tech sector after Meta posts a huge drop in its stock price after saying it’s going to spend more on A.I. and similar news from Alphabet and Microsoft sparks a Nasdaq rally. They then talk about what’s going in the economy after GDP came in slower than expected, posting the smallest increase in two years, and the Fed’s preferred gauge of inflation came in higher than forecast.

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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 SEC’s new rule to require trade settlement to happen the day after the trade takes place, T+1, and how long will it be before trades are settled instantaneously. They then discuss the Biden Administration’s proposal to tax unrealized gains on stocks, land, and other assets.

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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 falling stock market. Last week, the Dow Jones Industrial Average sank 921 points, or 2.4%, for its largest weekly loss since March last year, and the S&P 500 posted its biggest weekly loss in 2024. With Monday’s decline the Dow is now flat on the year. They then talk about the global oil benchmark Brent jumping above $92 on Friday, a six-month high, and futures surging 19%, in anticipation of a possible attack by Iran on Israel. Now that the assault has happened, people fear it may widen the conflict in the Middle East and disrupt an area of the globe that makes up a third of the world’s oil output.

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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 mixed signals the Fed is giving off. One Fed Bank president says we’re close to seeing rates cut. Another says there will be no rate cuts. And a third suggests we will see another rate hike. What is in the water there? Since the market expects rate cuts before the end of the year, what should we expect if the market believes there will be no rate cuts this year? The price of gold just hit another record on Monday, surging to $2,372. Gold typically rises when interest rates fall. In light of what the Fed presidents said, why is gold surging?

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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 Department of Justice’s antitrust lawsuit against Apple and what this means for both Apple and the tech sector in general. Then Mike, Focused Wealth Management’s director of financial planning, follows up last week’s podcast with more financial-planning moves people should be aware of before April 15, the tax filing deadline.

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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 Phil’s three-year-old prediction for Dow 40,000 in 10 years, what he saw in December 2020 that led him to make that forecast, and what he sees now as the Dow approaches that milestone. Then Mike, Focused Wealth Management’s Director Of Financial Planning, explains financial-planning moves people should be aware of before April 15, the tax filing deadline.

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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 reports, such as the producer price index, which rose the most in six months, and other data show that inflation remains elevated. They then talk about the interest rate cuts that seemed inevitable a few months back, which now appear to be delayed until mid-summer. After that, Charles Yarnold, Managing Director of Retirement Plan Services at Focused Wealth Management, talks about what he did this past weekend and why is it so important to him and the firm.

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.