August 2019

Monthly Markets Memo - August 2019

World Money Small.jpgby Dan Zalipski, CFA 

The sleepy days of summer have been anything but.  Last month the Fed cut interest rates by 0.25% in what they’re calling a ‘mid-cycle adjustment’.  In other words, the Fed is saying this is not the start of a prolonged easing cycle with multiple rate cuts.  The broader market seems to disagree as the futures market is pricing in one to three additional 0.25% cuts by the end of the year.  Ultimately, the Fed is attempting to extend the current bull market and protect the economy from slowing to the point of recession.  It is believed that rate cuts at this point in the cycle will do little to stimulate the economy as trade tensions and recession fears overpower the marginal benefits of lower rates. 

Invest in Kids - Illinois Tax Credit Program

Scan Alert Image.jpg  by Jonathan Alton, CFP®​

The Invest in Kids act created a scholarship tax credit program in 2017. The program gives a 75% Illinois income tax credit to individuals and businesses that contribute to Scholarship Granting Organizations (SGOs). The SGOs create scholarships for need-based students to attend non-public schools in Illinois.

Market Minute - August 13, 2019

Tariffs and Market Movements

Anybody who reads the headlines knows by now that the markets were volatile last week.  The broad market ended the week lower as global headlines continue to grab investor’s attention.  In the bigger picture, this is a pretty modest drop for a market that was up 17% so far this year. 

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