Elliot H. Kallen

Financial Planner, Wealth Manager, Registered Principal
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06/16/2019 Weekly Market Summary

Major Indexes For Week Ended 6/14/2019

Index Close Net Change % Change YTD YTD %
DJIA 26,089.61         +105.67         0.41         +2,762.15         11.84        
NASDAQ 7,796.66         +54.56         0.70         +1,161.38         17.50        
S&P500 2,886.98         +13.64         0.47        +380.13         15.16        
Russell 2000 1,522.50         +8.11         0.54        +173.94         12.90        
International 1,870.17         -5.45         -0.29        +150.29         8.74        
10-year bond 2.09%        +0.01%          -0.60%         
30-year T-bond 2.59%        +0.02%          -0.43%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

The Explosion In Real Retail Sales You Never Hear About
A retail sales boom is being muted by inflation, but it is real and becomes visible only after factoring in inflation. ...more

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06/15/2019 Weekly Market Summary

Major Indexes For Week Ended 6/14/2019

Index Close Net Change % Change YTD YTD %
DJIA 26,089.61         +105.67         0.41         +2,762.15         11.84        
NASDAQ 7,796.66         +54.56         0.70         +1,161.38         17.50        
S&P500 2,886.98         +13.64         0.47        +380.13         15.16        
Russell 2000 1,522.50         +8.11         0.54        +173.94         12.90        
International 1,870.17         -5.45         -0.29        +150.29         8.74        
10-year bond 2.09%        +0.01%          -0.60%         
30-year T-bond 2.59%        +0.02%          -0.43%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

The Explosion In Real Retail Sales You Never Hear About
A retail sales boom is being muted by inflation, but it is real and becomes visible only after factoring in inflation. ...more

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3 Hits

06/09/2019 Weekly Market Summary

Major Indexes For Week Ended 6/7/2019

Index Close Net Change % Change YTD YTD %
DJIA 25,983.94         +1,168.90         4.71         +2,656.48         11.39        
NASDAQ 7,742.10         +288.95         3.88         +1,106.82         16.68        
S&P500 2,873.34         +121.28         4.41        +366.49         14.62        
Russell 2000 1,514.39         +48.90         3.34        +165.83         12.30        
International 1,875.62         +58.23         3.20        +155.74         9.06        
10-year bond 2.08%        -0.06%          -0.61%         
30-year T-bond 2.57%        -0.01%          -0.45%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

Amid Signs Of Weakness, Fed Reverses Course; Stocks Rally
Uniformly positive economic fundamentals of early May suddenly turned mixed, the Federal Reserve abruptly reversed course, and stocks rallied this past week. Here's what's happening. ...more

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06/08/2019 Weekly Market Summary

Major Indexes For Week Ended 6/7/2019

Index Close Net Change % Change YTD YTD %
DJIA 25,983.94         +1,168.90         4.71         +2,656.48         11.39        
NASDAQ 7,742.10         +288.95         3.88         +1,106.82         16.68        
S&P500 2,873.34         +121.28         4.41        +366.49         14.62        
Russell 2000 1,514.39         +48.90         3.34        +165.83         12.30        
International 1,875.62         +58.23         3.20        +155.74         9.06        
10-year bond 2.08%        -0.06%          -0.61%         
30-year T-bond 2.57%        -0.01%          -0.45%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

Amid Signs Of Weakness, Fed Reverses Course; Stocks Rally
Uniformly positive economic fundamentals of early May suddenly turned mixed, the Federal Reserve abruptly reversed course, and stocks rallied this past week. Here's what's happening. ...more

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4 Hits

06/02/2019 Weekly Market Summary

Major Indexes For Week Ended 5/31/2019

Index Close Net Change % Change YTD YTD %
DJIA 24,815.04         -770.65         -3.01         +1,487.58         6.38        
NASDAQ 7,453.15         -183.86         -2.41         +817.87         12.33        
S&P500 2,752.06         -74.00         -2.62        +245.21         9.78        
Russell 2000 1,465.49         -48.62         -3.21        +116.93         8.67        
International 1,817.39         -35.87         -1.94        +97.51         5.67        
10-year bond 2.14%        -0.18%          -0.55%         
30-year T-bond 2.58%        -0.17%          -0.44%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

Three Stories Affecting Your Wealth This Week
It was a difficult week for investors, as the Standard & Poor's 500 stock index closed lower for the third straight week. The S&P 500 Index sank 1.3% on Friday. Closing at 2,752.06, the S&P 500 index was 6.5% from its all-time high on April 30th. ...more

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06/01/2019 Weekly Market Summary

Major Indexes For Week Ended 5/31/2019

Index Close Net Change % Change YTD YTD %
DJIA 24,815.04         -770.65         -3.01         +1,487.58         6.38        
NASDAQ 7,453.15         -183.86         -2.41         +817.87         12.33        
S&P500 2,752.06         -74.00         -2.62        +245.21         9.78        
Russell 2000 1,465.49         -48.62         -3.21        +116.93         8.67        
International 1,817.39         -35.87         -1.94        +97.51         5.67        
10-year bond 2.14%        -0.18%          -0.55%         
30-year T-bond 2.58%        -0.17%          -0.44%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

Three Stories Affecting Your Wealth This Week
It was a difficult week for investors, as the Standard & Poor's 500 stock index closed lower for the third straight week. The S&P 500 Index sank 1.3% on Friday. Closing at 2,752.06, the S&P 500 index was 6.5% from its all-time high on April 30th. ...more

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5 Hits

05/26/2019 Weekly Market Summary

Major Indexes For Week Ended 5/24/2019

Index Close Net Change % Change YTD YTD %
DJIA 25,585.69         -178.31         -0.69         +2,258.23         9.68        
NASDAQ 7,637.01         -179.27         -2.29         +1,001.73         15.10        
S&P500 2,826.06         -33.47         -1.17        +319.21         12.73        
Russell 2000 1,514.11         -21.65         -1.41        +165.55         12.28        
International 1,853.26         -12.57         -0.67        +133.38         7.76        
10-year bond 2.32%        -0.07%          -0.37%         
30-year T-bond 2.75%        -0.07%          -0.27%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

Buried In The Fed's Financial Stability Report, A Potential Risk To Investors
A story that did not make front page headlines this past week may pose a greater risk to investors than what is widely understood. Here's an early warning about a potential risk to mutual fund investors. ...more

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8 Hits

05/25/2019 Weekly Market Summary

Major Indexes For Week Ended 5/24/2019

Index Close Net Change % Change YTD YTD %
DJIA 25,585.69         -178.31         -0.69         +2,258.23         9.68        
NASDAQ 7,637.01         -179.27         -2.29         +1,001.73         15.10        
S&P500 2,826.06         -33.47         -1.17        +319.21         12.73        
Russell 2000 1,514.11         -21.65         -1.41        +165.55         12.28        
International 1,853.26         -12.57         -0.67        +133.38         7.76        
10-year bond 2.32%        -0.07%          -0.37%         
30-year T-bond 2.75%        -0.07%          -0.27%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

Buried In The Fed's Financial Stability Report, A Potential Risk To Investors
A story that did not make front page headlines this past week may pose a greater risk to investors than what is widely understood. Here's an early warning about a potential risk to mutual fund investors. ...more

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7 Hits

05/19/2019 Weekly Market Summary

Major Indexes For Week Ended 5/17/2019

Index Close Net Change % Change YTD YTD %
DJIA 25,764.00         -178.37         -0.69         +2,436.54         10.44        
NASDAQ 7,816.28         -100.66         -1.27         +1,181.00         17.80        
S&P500 2,859.53         -21.87         -0.76        +352.68         14.07        
Russell 2000 1,535.76         -37.23         -2.37        +187.20         13.88        
International 1,865.83         +0.73         0.04        +145.95         8.49        
10-year bond 2.39%        -0.07%          -0.30%         
30-year T-bond 2.82%        -0.05%          -0.20%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

Forget Everything You Know About Inflation
If you grew up in the 1960s, '70s or '80s, you may want to forget everything you know about inflation. ...more

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05/18/2019 Weekly Market Summary

Major Indexes For Week Ended 5/17/2019

Index Close Net Change % Change YTD YTD %
DJIA 25,764.00         -178.37         -0.69         +2,436.54         10.44        
NASDAQ 7,816.28         -100.66         -1.27         +1,181.00         17.80        
S&P500 2,859.53         -21.87         -0.76        +352.68         14.07        
Russell 2000 1,535.76         -37.23         -2.37        +187.20         13.88        
International 1,865.83         +0.73         0.04        +145.95         8.49        
10-year bond 2.39%        -0.07%          -0.30%         
30-year T-bond 2.82%        -0.05%          -0.20%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

Forget Everything You Know About Inflation
If you grew up in the 1960s, '70s or '80s, you may want to forget everything you know about inflation. ...more

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12 Hits

05/12/2019 Weekly Market Summary

Major Indexes For Week Ended 5/10/2019

Index Close Net Change % Change YTD YTD %
DJIA 25,942.37         -562.58         -2.12         +2,614.91         11.21        
NASDAQ 7,916.94         -247.06         -3.03         +1,281.66         19.32        
S&P500 2,881.40         -64.24         -2.18        +374.55         14.94        
Russell 2000 1,572.99         -41.03         -2.54        +224.43         16.64        
International 1,865.10         -53.71         -2.80        +145.22         8.44        
10-year bond 2.46%        -0.07%          -0.23%         
30-year T-bond 2.87%        -0.06%          -0.15%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

China Trade War Sparks Fear But Not Stock Losses
While fearful headlines about the U.S. - China trade war dominated the news, stocks gyrated throughout the week. ...more

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05/11/2019 Weekly Market Summary

Major Indexes For Week Ended 5/10/2019

Index Close Net Change % Change YTD YTD %
DJIA 25,942.37         -562.58         -2.12         +2,614.91         11.21        
NASDAQ 7,916.94         -247.06         -3.03         +1,281.66         19.32        
S&P500 2,881.40         -64.24         -2.18        +374.55         14.94        
Russell 2000 1,572.99         -41.03         -2.54        +224.43         16.64        
International 1,865.10         -53.71         -2.80        +145.22         8.44        
10-year bond 2.46%        -0.07%          -0.23%         
30-year T-bond 2.87%        -0.06%          -0.15%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

China Trade War Sparks Fear But Not Stock Losses
While fearful headlines about the U.S. - China trade war dominated the news, stocks gyrated throughout the week. ...more

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9 Hits

05/05/2019 Weekly Market Summary

Major Indexes For Week Ended 5/3/2019

Index Close Net Change % Change YTD YTD %
DJIA 26,504.95         -38.38         -0.14         +3,177.49         13.62        
NASDAQ 8,164.00         +17.60         0.22         +1,528.72         23.04        
S&P500 2,945.64         +5.76         0.20        +438.79         17.50        
Russell 2000 1,614.02         +22.20         1.39        +265.46         19.68        
International 1,918.81         +3.16         0.16        +198.93         11.57        
10-year bond 2.53%        +0.03%          -0.16%         
30-year T-bond 2.93%        +0.00%          -0.09%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

Surprisingly Good Productivity, Jobs, Inflation And Trade News
Financial and economic news this past week was very good on four fronts: productivity, employment, inflation and trade. ...more

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14 Hits

05/04/2019 Weekly Market Summary

Major Indexes For Week Ended 5/3/2019

Index Close Net Change % Change YTD YTD %
DJIA 26,504.95         -38.38         -0.14         +3,177.49         13.62        
NASDAQ 8,164.00         +17.60         0.22         +1,528.72         23.04        
S&P500 2,945.64         +5.76         0.20        +438.79         17.50        
Russell 2000 1,614.02         +22.20         1.39        +265.46         19.68        
International 1,918.81         +3.16         0.16        +198.93         11.57        
10-year bond 2.53%        +0.03%          -0.16%         
30-year T-bond 2.93%        +0.00%          -0.09%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

Surprisingly Good Productivity, Jobs, Inflation And Trade News
Financial and economic news this past week was very good on four fronts: productivity, employment, inflation and trade. ...more

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13 Hits

04/28/2019 Weekly Market Summary

Major Indexes For Week Ended 4/26/2019

Index Close Net Change % Change YTD YTD %
DJIA 26,543.33         -16.21         -0.06         +3,215.87         13.79        
NASDAQ 8,146.40         +148.34         1.85         +1,511.12         22.77        
S&P500 2,939.88         +34.85         1.20        +433.03         17.27        
Russell 2000 1,591.82         +26.07         1.67        +243.26         18.04        
International 1,915.65         -4.76         -0.25        +195.77         11.38        
10-year bond 2.50%        -0.06%          -0.19%         
30-year T-bond 2.93%        -0.03%          -0.09%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

Stocks Break Record High On Economic Surprises
The U.S. economy grew by 3.2% in the first quarter of 2019, according to a government release on Friday morning. The 3.2% rise in gross domestic product was more than twice the 1.5% consensus expected by economic experts in two separate surveys conducted by Blue Chip Financial Forecasts and The Wall Street Journal just three weeks ago. ...more

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17 Hits

04/27/2019 Weekly Market Summary

Major Indexes For Week Ended 4/26/2019

Index Close Net Change % Change YTD YTD %
DJIA 26,543.33         -16.21         -0.06         +3,215.87         13.79        
NASDAQ 8,146.40         +148.34         1.85         +1,511.12         22.77        
S&P500 2,939.88         +34.85         1.20        +433.03         17.27        
Russell 2000 1,591.82         +26.07         1.67        +243.26         18.04        
International 1,915.65         -4.76         -0.25        +195.77         11.38        
10-year bond 2.50%        -0.06%          -0.19%         
30-year T-bond 2.93%        -0.03%          -0.09%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

Stocks Break Record High On Economic Surprises
The U.S. economy grew by 3.2% in the first quarter of 2019, according to a government release on Friday morning. The 3.2% rise in gross domestic product was more than twice the 1.5% consensus expected by economic experts in two separate surveys conducted by Blue Chip Financial Forecasts and The Wall Street Journal just three weeks ago. ...more

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17 Hits

04/21/2019 Weekly Market Summary

Major Indexes For Week Ended 4/19/2019

Index Close Net Change % Change YTD YTD %
DJIA 26,559.54         +147.24         0.56         +3,232.08         13.86        
NASDAQ 7,998.06         +13.90         0.17         +1,362.78         20.54        
S&P500 2,905.03         -2.38         -0.08        +398.18         15.88        
Russell 2000 1,565.75         -19.05         -1.20        +217.19         16.11        
International 1,920.41         +4.74         0.25        +200.53         11.66        
10-year bond 2.56%        +0.00%          -0.13%         
30-year T-bond 2.96%        -0.01%          -0.06%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

U.S. Leading Indicators, Retail Sales, And Atlanta Fed Forecast Signal Strength
The Leading Economic Index (LEI) for the U.S. increased by four-tenths of 1% in March, following a one-tenth of 1% increase in February, and showing no change in January. ...more

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04/20/2019 Weekly Market Summary

Major Indexes For Week Ended 4/19/2019

Index Close Net Change % Change YTD YTD %
DJIA 26,559.54         +147.24         0.56         +3,232.08         13.86        
NASDAQ 7,998.06         +13.90         0.17         +1,362.78         20.54        
S&P500 2,905.03         -2.38         -0.08        +398.18         15.88        
Russell 2000 1,565.75         -19.05         -1.20        +217.19         16.11        
International 1,920.41         +4.74         0.25        +200.53         11.66        
10-year bond 2.56%        +0.00%          -0.13%         
30-year T-bond 2.96%        -0.01%          -0.06%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

U.S. Leading Indicators, Retail Sales, And Atlanta Fed Forecast Signal Strength
The Leading Economic Index (LEI) for the U.S. increased by four-tenths of 1% in March, following a one-tenth of 1% increase in February, and showing no change in January. ...more

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19 Hits

04/14/2019 Weekly Market Summary

Major Indexes For Week Ended 4/12/2019

Index Close Net Change % Change YTD YTD %
DJIA 26,412.30         -12.69         -0.05         +3,084.84         13.22        
NASDAQ 7,984.16         +45.47         0.57         +1,348.88         20.33        
S&P500 2,907.41         +14.67         0.51        +400.56         15.98        
Russell 2000 1,584.80         +2.24         0.14        +236.24         17.52        
International 1,915.67         +4.27         0.22        +195.79         11.38        
10-year bond 2.56%        +0.06%          -0.13%         
30-year T-bond 2.97%        +0.06%          -0.05%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

S&P 500 Closes Near Record High Amid Growing Ebullience
Signs of a change in investor psychology flashed brighter, as stock indexes on Friday edged closer to all-highs of September 2018. ...more

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25 Hits

04/13/2019 Weekly Market Summary

Major Indexes For Week Ended 4/12/2019

Index Close Net Change % Change YTD YTD %
DJIA 26,412.30         -12.69         -0.05         +3,084.84         13.22        
NASDAQ 7,984.16         +45.47         0.57         +1,348.88         20.33        
S&P500 2,907.41         +14.67         0.51        +400.56         15.98        
Russell 2000 1,584.80         +2.24         0.14        +236.24         17.52        
International 1,915.67         +4.27         0.22        +195.79         11.38        
10-year bond 2.56%        +0.06%          -0.13%         
30-year T-bond 2.97%        +0.06%          -0.05%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

S&P 500 Closes Near Record High Amid Growing Ebullience
Signs of a change in investor psychology flashed brighter, as stock indexes on Friday edged closer to all-highs of September 2018. ...more

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36 Hits

04/07/2019 Weekly Market Summary

Major Indexes For Week Ended 4/5/2019

Index Close Net Change % Change YTD YTD %
DJIA 26,424.99         +496.31         1.91         +3,097.53         13.28        
NASDAQ 7,938.69         +209.37         2.71         +1,303.41         19.64        
S&P500 2,892.74         +58.34         2.06        +385.89         15.39        
Russell 2000 1,582.56         +42.82         2.78        +234.00         17.35        
International 1,911.40         +35.97         1.92        +191.52         11.14        
10-year bond 2.50%        +0.09%          -0.19%         
30-year T-bond 2.91%        +0.09%          -0.11%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

An Early Indication The Economy Is Stronger Than Expected
Just three weeks ago, the consensus of about 60 top economists was for a weak 1.3% growth in the first quarter of 2019, but the early indication of a good surprise has appeared. ...more

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29 Hits

04/06/2019 Weekly Market Summary

Major Indexes For Week Ended 4/5/2019

Index Close Net Change % Change YTD YTD %
DJIA 26,424.99         +496.31         1.91         +3,097.53         13.28        
NASDAQ 7,938.69         +209.37         2.71         +1,303.41         19.64        
S&P500 2,892.74         +58.34         2.06        +385.89         15.39        
Russell 2000 1,582.56         +42.82         2.78        +234.00         17.35        
International 1,911.40         +35.97         1.92        +191.52         11.14        
10-year bond 2.50%        +0.09%          -0.19%         
30-year T-bond 2.91%        +0.09%          -0.11%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

An Early Indication The Economy Is Stronger Than Expected
Just three weeks ago, the consensus of about 60 top economists was for a weak 1.3% growth in the first quarter of 2019, but the early indication of a good surprise has appeared. ...more

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30 Hits

03/31/2019 Weekly Market Summary

Major Indexes For Week Ended 3/29/2019

Index Close Net Change % Change YTD YTD %
DJIA 25,928.68         +426.36         1.67         +2,601.22         11.15        
NASDAQ 7,729.32         +86.65         1.13         +1,094.04         16.49        
S&P500 2,834.40         +33.69         1.20        +327.55         13.07        
Russell 2000 1,539.74         +33.82         2.25        +191.18         14.18        
International 1,875.43         -7.54         -0.40        +155.55         9.04        
10-year bond 2.41%        -0.05%          -0.28%         
30-year T-bond 2.82%        -0.07%          -0.20%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

A Spectacular Quarter For U.S. Stocks Just Ended
The first quarter of 2019 ended on Friday with a gain in the Standard & Poor's 500 stock index of 13%, the best quarterly performance since the third quarter of 2009. ...more

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03/30/2019 Weekly Market Summary

Major Indexes For Week Ended 3/29/2019

Index Close Net Change % Change YTD YTD %
DJIA 25,928.68         +426.36         1.67         +2,601.22         11.15        
NASDAQ 7,729.32         +86.65         1.13         +1,094.04         16.49        
S&P500 2,834.40         +33.69         1.20        +327.55         13.07        
Russell 2000 1,539.74         +33.82         2.25        +191.18         14.18        
International 1,875.43         -7.54         -0.40        +155.55         9.04        
10-year bond 2.41%        -0.05%          -0.28%         
30-year T-bond 2.82%        -0.07%          -0.20%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

A Spectacular Quarter For U.S. Stocks Just Ended
The first quarter of 2019 ended on Friday with a gain in the Standard & Poor's 500 stock index of 13%, the best quarterly performance since the third quarter of 2009. ...more

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03/24/2019 Weekly Market Summary

Major Indexes For Week Ended 3/22/2019

Index Close Net Change % Change YTD YTD %
DJIA 25,502.32         -346.55         -1.34         +2,174.86         9.32        
NASDAQ 7,642.67         -45.86         -0.60         +1,007.39         15.18        
S&P500 2,800.71         -21.77         -0.77        +293.86         11.72        
Russell 2000 1,505.92         -47.62         -3.07        +157.36         11.67        
International 1,882.97         -7.34         -0.39        +163.09         9.48        
10-year bond 2.46%        -0.13%          -0.23%         
30-year T-bond 2.89%        -0.13%          -0.13%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

Real Economy Strengthens, Yield Curve Inverts And Mueller Report Drops
The yield curve inverted Friday triggering fears of a recession and a 1.9% drop in the Standard & Poor's 500 - the second-worst one-day drop this year. Then, Robert Mueller's Special Counsel delivered his report. ...more

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03/23/2019 Weekly Market Summary

Major Indexes For Week Ended 3/22/2019

Index Close Net Change % Change YTD YTD %
DJIA 25,502.32         -346.55         -1.34         +2,174.86         9.32        
NASDAQ 7,642.67         -45.86         -0.60         +1,007.39         15.18        
S&P500 2,800.71         -21.77         -0.77        +293.86         11.72        
Russell 2000 1,505.92         -47.62         -3.07        +157.36         11.67        
International 1,882.97         -7.34         -0.39        +163.09         9.48        
10-year bond 2.46%        -0.13%          -0.23%         
30-year T-bond 2.89%        -0.13%          -0.13%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

Real Economy Strengthens, Yield Curve Inverts And Mueller Report Drops
The yield curve inverted Friday triggering fears of a recession and a 1.9% drop in the Standard & Poor's 500 - the second-worst one-day drop this year. Then, Robert Mueller's Special Counsel delivered his report. ...more

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03/17/2019 Weekly Market Summary

Major Indexes For Week Ended 3/15/2019

Index Close Net Change % Change YTD YTD %
DJIA 25,848.87         +398.63         1.57         +2,521.41         10.81        
NASDAQ 7,688.53         +280.39         3.78         +1,053.25         15.87        
S&P500 2,822.48         +79.41         2.89        +315.63         12.59        
Russell 2000 1,553.54         +31.66         2.08        +204.98         15.20        
International 1,890.31         +51.08         2.78        +170.43         9.91        
10-year bond 2.59%        -0.03%          -0.10%         
30-year T-bond 3.02%        +0.01%          +0.00%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

Despite Crises, Economic Fundamentals Are Strong
Europe's economy slowed sharply, a U.S.-China trade war loomed, fears of a real war with North Korea grew, while U.S. politics sank deeper into chaos, and a gunman massacred at least 49 innocents attending services at a Christchurch, New Zealand mosque, even as they prayed. It was a week of crises. ...more

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03/16/2019 Weekly Market Summary

Major Indexes For Week Ended 3/15/2019

Index Close Net Change % Change YTD YTD %
DJIA 25,848.87         +398.63         1.57         +2,521.41         10.81        
NASDAQ 7,688.53         +280.39         3.78         +1,053.25         15.87        
S&P500 2,822.48         +79.41         2.89        +315.63         12.59        
Russell 2000 1,553.54         +31.66         2.08        +204.98         15.20        
International 1,890.31         +51.08         2.78        +170.43         9.91        
10-year bond 2.59%        -0.03%          -0.10%         
30-year T-bond 3.02%        +0.01%          +0.00%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

Despite Crises, Economic Fundamentals Are Strong
Europe's economy slowed sharply, a U.S.-China trade war loomed, fears of a real war with North Korea grew, while U.S. politics sank deeper into chaos, and a gunman massacred at least 49 innocents attending services at a Christchurch, New Zealand mosque, even as they prayed. It was a week of crises. ...more

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32 Hits

03/10/2019 Weekly Market Summary

Major Indexes For Week Ended 3/8/2019

 
IndexCloseNet Change% ChangeYTDYTD %
DJIA 25,450.24         -576.08         -2.21         +2,122.78         9.10        
NASDAQ 7,408.14         -187.21         -2.46         +772.86         11.65        
S&P500 2,743.07         -60.62         -2.16         +236.22         9.42        
Russell 2000 1,521.88         -67.76         -4.26         +173.32         12.85        
International 1,839.23         -39.30         -2.09         +119.35         6.94        
10-year bond 2.62%        -0.14%          -0.07%          
30-year T-bond 3.01%        -0.11%          -0.01%          
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

 

 

How Misperceptions Spread And Cause Confusion On Money Matters
U.S. jobs data triggered fearful headlines on Friday. It's a cautionary tale of how misperceptions spread in an instant and cause mass confusion about money matters. From The New York Times to specialized news outlets, like The Street, headlines were uniformly grim after the jobs data was released by the government on Friday morning. ...more

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03/09/2019 Weekly Market Summary

Major Indexes For Week Ended 3/8/2019

 
IndexCloseNet Change% ChangeYTDYTD %
DJIA 25,450.24         -576.08         -2.21         +2,122.78         9.10        
NASDAQ 7,408.14         -187.21         -2.46         +772.86         11.65        
S&P500 2,743.07         -60.62         -2.16         +236.22         9.42        
Russell 2000 1,521.88         -67.76         -4.26         +173.32         12.85        
International 1,839.23         -39.30         -2.09         +119.35         6.94        
10-year bond 2.62%        -0.14%          -0.07%          
30-year T-bond 3.01%        -0.11%          -0.01%          
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

 

 

How Misperceptions Spread And Cause Confusion On Money Matters
U.S. jobs data triggered fearful headlines on Friday. It's a cautionary tale of how misperceptions spread in an instant and cause mass confusion about money matters. From The New York Times to specialized news outlets, like The Street, headlines were uniformly grim after the jobs data was released by the government on Friday morning. ...more

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32 Hits

03/03/2019 Weekly Market Summary

Major Indexes For Week Ended 3/1/2019

 
IndexCloseNet Change% ChangeYTDYTD %
DJIA 26,026.32         -5.49         -0.02         +2,698.86         11.57        
NASDAQ 7,595.35         +67.81         0.90         +960.07         14.47        
S&P500 2,803.69         +11.02         0.39         +296.84         11.84        
Russell 2000 1,589.64         -0.42         -0.03         +241.08         17.88        
International 1,878.53         +9.38         0.50         +158.65         9.22        
10-year bond 2.76%        +0.10%          +0.07%          
30-year T-bond 3.12%        +0.10%          +0.10%          
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

 

 

Real Spending Power Grew Twice The Rate Of The Last Expansion
The average American's real spending power rose in 2018 at nearly twice the pace of the last economic expansion, according to data released on Friday by the Bureau of Economic Analysis. Real disposable personal income per capita in the 12 months through December 2018 rose by 3.5% over the 12-months of 2017, compared with a compound annual growth rate of 1.8% in the five-year economic expansion that ended in July 2007 - the credit-fueled boom preceding the world financial crisis. ...more

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03/02/2019 Weekly Market Summary

Major Indexes For Week Ended 3/1/2019

 
IndexCloseNet Change% ChangeYTDYTD %
DJIA 26,026.32         -5.49         -0.02         +2,698.86         11.57        
NASDAQ 7,595.35         +67.81         0.90         +960.07         14.47        
S&P500 2,803.69         +11.02         0.39         +296.84         11.84        
Russell 2000 1,589.64         -0.42         -0.03         +241.08         17.88        
International 1,878.53         +9.38         0.50         +158.65         9.22        
10-year bond 2.76%        +0.10%          +0.07%          
30-year T-bond 3.12%        +0.10%          +0.10%          
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

 

 

Real Spending Power Grew Twice The Rate Of The Last Expansion
The average American's real spending power rose in 2018 at nearly twice the pace of the last economic expansion, according to data released on Friday by the Bureau of Economic Analysis. Real disposable personal income per capita in the 12 months through December 2018 rose by 3.5% over the 12-months of 2017, compared with a compound annual growth rate of 1.8% in the five-year economic expansion that ended in July 2007 - the credit-fueled boom preceding the world financial crisis. ...more

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02/24/2019 Weekly Market Summary

Major Indexes For Week Ended 2/22/2019

 
IndexCloseNet Change% ChangeYTDYTD %
DJIA 26,031.81         +148.56         0.57         +2,704.35         11.59        
NASDAQ 7,527.54         +55.13         0.74         +892.26         13.45        
S&P500 2,792.67         +17.07         0.62         +285.82         11.40        
Russell 2000 1,590.06         +20.81         1.33         +241.50         17.91        
International 1,869.15         +29.05         1.58         +149.27         8.68        
10-year bond 2.66%        -0.01%          -0.03%          
30-year T-bond 3.02%        +0.02%          +0.00%          
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

 

 

Global Growth Forecast Slows, But U.S. Outlook Remains Stable
While fears spread of a serious slowdown in the global economy, expectations of U.S. GDP growth for 2019 softened versus 2018, but the quarterly U.S. GDP growth rate of 2% or more is expected for the months ahead. Europe is expected to slow because China is slowing, largely because of a looming trade war with the United States. ...more

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02/23/2019 Weekly Market Summary

Major Indexes For Week Ended 2/22/2019

 
IndexCloseNet Change% ChangeYTDYTD %
DJIA 26,031.81         +148.56         0.57         +2,704.35         11.59        
NASDAQ 7,527.54         +55.13         0.74         +892.26         13.45        
S&P500 2,792.67         +17.07         0.62         +285.82         11.40        
Russell 2000 1,590.06         +20.81         1.33         +241.50         17.91        
International 1,869.15         +29.05         1.58         +149.27         8.68        
10-year bond 2.66%        -0.01%          -0.03%          
30-year T-bond 3.02%        +0.02%          +0.00%          
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

 

 

Global Growth Forecast Slows, But U.S. Outlook Remains Stable
While fears spread of a serious slowdown in the global economy, expectations of U.S. GDP growth for 2019 softened versus 2018, but the quarterly U.S. GDP growth rate of 2% or more is expected for the months ahead. Europe is expected to slow because China is slowing, largely because of a looming trade war with the United States. ...more

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02/17/2019 Weekly Market Summary

Major Indexes For Week Ended 2/15/2019

 
IndexCloseNet Change% ChangeYTDYTD %
DJIA 25,883.25         +776.92         3.09         +2,555.79         10.96        
NASDAQ 7,472.41         +174.21         2.39         +837.13         12.62        
S&P500 2,775.60         +67.72         2.50         +268.75         10.72        
Russell 2000 1,569.25         +62.86         4.17         +220.69         16.36        
International 1,840.10         +35.37         1.96         +120.22         6.99        
10-year bond 2.67%        +0.04%          -0.02%          
30-year T-bond 3.00%        +0.02%          -0.02%          
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

 

 

How Long Does It Take To Be A Long-Term Investor?
How long does it take to become a long-term investor? Past performance is not a guarantee of your future results but ignoring history is unwise. According to Craig Israelsen, Ph.D., an academic whose research we license, over the last 93 years, the four major asset classes - stocks in large and small companies, 10-year U.S. Treasury bonds, and 90-day Treasury bills - through the end of 2018 offered returns and risk levels as shown. The period encompasses all of modern Wall Street history, some of the best statistics for understanding investing. Owning stock in large U.S. companies averaged a 9.99% return nominally, which is economic-speak for saying "before adjusting for inflation." ...more

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02/16/2019 Weekly Market Summary

Major Indexes For Week Ended 2/15/2019

 
IndexCloseNet Change% ChangeYTDYTD %
DJIA 25,883.25         +776.92         3.09         +2,555.79         10.96        
NASDAQ 7,472.41         +174.21         2.39         +837.13         12.62        
S&P500 2,775.60         +67.72         2.50         +268.75         10.72        
Russell 2000 1,569.25         +62.86         4.17         +220.69         16.36        
International 1,840.10         +35.37         1.96         +120.22         6.99        
10-year bond 2.67%        +0.04%          -0.02%          
30-year T-bond 3.00%        +0.02%          -0.02%          
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

 

 

How Long Does It Take To Be A Long-Term Investor?
How long does it take to become a long-term investor? Past performance is not a guarantee of your future results but ignoring history is unwise. According to Craig Israelsen, Ph.D., an academic whose research we license, over the last 93 years, the four major asset classes - stocks in large and small companies, 10-year U.S. Treasury bonds, and 90-day Treasury bills - through the end of 2018 offered returns and risk levels as shown. The period encompasses all of modern Wall Street history, some of the best statistics for understanding investing. Owning stock in large U.S. companies averaged a 9.99% return nominally, which is economic-speak for saying "before adjusting for inflation." ...more

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42 Hits

02/12/2019 Weekly Market Summary

Major Indexes For Week Ended 2/8/2019

 
IndexCloseNet Change% ChangeYTDYTD %
DJIA 25,106.33         +42.44         0.17         +1,778.87         7.63        
NASDAQ 7,298.20         +34.33         0.47         +662.92         9.99        
S&P500 2,707.88         +1.35         0.05         +201.03         8.02        
Russell 2000 1,506.39         +4.34         0.29         +157.83         11.70        
International 1,804.73         -25.31         -1.38         +84.85         4.93        
10-year bond 2.63%        -0.06%          -0.06%          
30-year T-bond 2.98%        -0.05%          -0.04%          
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

 

 

Five Observations About The CBO's New Long-Term Debt Forecast
A key determinant of the growth of wealth for Americans over the next decade is likely to be the federal debt. On January 28th, the non-partisan Congressional Budget Office released its annual 10-year forecast of the debt. Here's what the CBO said along with five observations adding context to understand this risk to U.S. investors. ...more

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02/10/2019 Weekly Market Summary

Major Indexes For Week Ended 2/8/2019

 
IndexCloseNet Change% ChangeYTDYTD %
DJIA 25,106.33         +42.44         0.17         +1,778.87         7.63        
NASDAQ 7,298.20         +34.33         0.47         +662.92         9.99        
S&P500 2,707.88         +1.35         0.05         +201.03         8.02        
Russell 2000 1,506.39         +4.34         0.29         +157.83         11.70        
International 1,804.73         -25.31         -1.38         +84.85         4.93        
10-year bond 2.63%        -0.06%          -0.06%          
30-year T-bond 2.98%        -0.05%          -0.04%          
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

 

 

Five Observations About The CBO's New Long-Term Debt Forecast
A key determinant of the growth of wealth for Americans over the next decade is likely to be the federal debt. On January 28th, the non-partisan Congressional Budget Office released its annual 10-year forecast of the debt. Here's what the CBO said along with five observations adding context to understand this risk to U.S. investors. ...more

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45 Hits

02/09/2019 Weekly Market Summary

Major Indexes For Week Ended 2/8/2019

 
IndexCloseNet Change% ChangeYTDYTD %
DJIA 25,106.33         +42.44         0.17         +1,778.87         7.63        
NASDAQ 7,298.20         +34.33         0.47         +662.92         9.99        
S&P500 2,707.88         +1.35         0.05         +201.03         8.02        
Russell 2000 1,506.39         +4.34         0.29         +157.83         11.70        
International 1,804.73         -25.31         -1.38         +84.85         4.93        
10-year bond 2.63%        -0.06%          -0.06%          
30-year T-bond 2.98%        -0.05%          -0.04%          
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

 

 

Five Observations About The CBO's New Long-Term Debt Forecast
A key determinant of the growth of wealth for Americans over the next decade is likely to be the federal debt. On January 28th, the non-partisan Congressional Budget Office released its annual 10-year forecast of the debt. Here's what the CBO said along with five observations adding context to understand this risk to U.S. investors. ...more

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40 Hits

02/03/2019 Weekly Market Summary

Major Indexes For Week Ended 2/1/2019

 
IndexCloseNet Change% ChangeYTDYTD %
DJIA 25,063.89         +326.69         1.32         +1,736.43         7.44        
NASDAQ 7,263.87         +99.01         1.38         +628.59         9.47        
S&P500 2,706.53         +41.77         1.57         +199.68         7.97        
Russell 2000 1,502.05         +19.20         1.29         +153.49         11.38        
International 1,830.04         +16.41         0.90         +110.16         6.41        
10-year bond 2.69%        -0.06%          +0.00%          
30-year T-bond 3.03%        -0.03%          +0.01%          
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

 

 

Fed Apology, Strong Job Growth Bolster Stocks
The economy created 304,000 jobs in December, the Labor Department reported on Friday, much more than the 172,000 expected. It was the second consecutive month of much stronger than expected growth in net new jobs. The unemployment rate rose to 4% but remained in a low range last seen in 2000. While economic fears have been heightened recently, this strong jobs data is not the kind of conditions that have preceded recessions. ...more

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Despite Distractions, Economic Data Boomed Last Week.

Despite all the distractions in the news, the U.S. economy’s resilience remains remarkably strong. 
Here are key fundamentals easily lost amid recent headlines dominating the news cycle.
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49 Hits

Protect Yourself Against Spearphishing

The Russian conspiracy to meddle in the 2016 presidential campaign relied on a common scam called “spearphishing.”
While the history-making scam may sound sophisticated, this form of digital fraud is running rampant.
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55 Hits

First Half Of 2018 Stock Investing Highlights

In the first half of 2018, large-company stocks in the Standard & Poor’s 500 index returned 1.7%, ending the quarter about 6% lower than January’s all-time high.
Small-company stocks in the Russell 2000 stock index returned 7%, while investors who bought into TV ads for gold and silver investments were sorely disappointed with their 4.3% loss in the first six months of the year.
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48 Hits

Qualifying For The New Business Owner Tax Break

Under the new tax law, business owners are entitled to deduct 20% of "qualified business income."
The test for qualifying for this big new tax break is defined in the Tax Cuts and Jobs Act.
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56 Hits

Signal To Noise Ratio Of U.S. Economy Is An Anomaly

Signals of economic strength are about as strong as they ever get, but so is the background noise.
The signal to noise ratio of the economy is a blaring anomaly.
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62 Hits

Father's Day Financial Tip - Put Your Kids To Work

Here’s a Father’s Day financial tip: put your children to work!
Paying your kids to do chores regularly can be a satisfying transaction for parents and teach children responsibility, but it will also provide tax-free income to your children a half-century or so from now when they retire.
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79 Hits

The New Math Of Renting Out A Property

Even if you’re not a landlord now, listen up, because you may want to become one.
The new tax law has changed the equation weighing whether to rent a property or be the sole tenant throughout the year.
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80 Hits

Fed Shatters Conventional Economic Wisdom

Conventional economic wisdom holds that the record-low unemployment rate will cause employers to bid up wages, which then will be passed through to consumers in the form of higher prices, triggering rising inflation.
However, conventional wisdom is being shattered.
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84 Hits

Four New Signs Point To Economic Strength

In the news affecting your wealth, four good signs are currently pointing to continued economic growth for 2018.
Business-owner optimism has remained near an all-time high since the November 2016 election.
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68 Hits

Are You Better Off Than 10 Years Ago ?

The progress of humanity moves inexorably slowly, but there is irrefutable evidence that Americans are better off than they were 10 years ago — about 20% better off.
Real disposable personal income grew at an average annual rate of 2.2% since the end of the last recession.
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Follow Prosperity

Market Data

Market DataBank: 1Q 2019

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2333 San Ramon Valley Blvd.
Suite 200
San Ramon, CA 94583
Phone: 925-314-8500
Fax: 925-314-8504
elliot@prosperityfg.com

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