brought to you by Philip Blancato, Osaic's Chief Market Strategist ECONOMIC REVIEW1 The Institute of Supply Management (ISM) Manufacturing Index beat consensus expectations in November and rose to 48.4, its highest reading since June. Despite a higher reading from October, the manufacturing index remains in contraction territory (a reading above 50 indicates expansion, and below […]
brought to you by Philip Blancato, Osaic's Chief Market Strategist ECONOMIC REVIEW1 The Gross Domestic Product’s (GDP) second estimate was unchanged for the third quarter at a reading of 8% on an annualized basis. Consumer spending was revised slightly downward, but was offset by stronger non-residential investment, federal government spending, and inventories. Corporate profits, which […]
brought to you by Philip Blancato, Osaic's Chief Market Strategist ECONOMIC REVIEW1 Housing starts declined 1% last month to a 1.311 million annual rate, missing consensus expectations of 1.334 million for October. A 9% fall in single-family construction drove total starts lower, as multi-family starts rose in the month. Building in the South (the region […]
For Immediate Release Leesburg, VA – Angela Bender, managing partner at AMJ Financial Wealth Management, completed her semiannual training with America’s IRA Experts at Ed Slott and Company, LLC by participating in a workshop that took place October 24-25, 2024. The invite-only workshop, attended by members of Ed Slott’s Master Elite IRA Advisor GroupSM, offered […]
Identity theft - Criminals have been using other people’s personal information (Social Security numbers, names, addresses, birth dates, etc.) to obtain money or credit for many years. Recently, scammers have also been filing false tax returns. The IRS has implemented measures that appear to be effective. Regardless of the progress that has been made, the IRS […]
WHO’S YOUR BENEFICIARY? Beneficiaries are the people who will inherit your assets –savings and investment accounts, life insurance policies, homes, cars, and other possessions. In general, there are two ways to name beneficiaries. You can: Designate a beneficiary on an account. For example, when you signed up for a retirement plan at work, you were probably […]