Forewarned is Forearmed
September 26, 2022 Good morning, In last month’s Monthly Letter, reprinted in these Morning Notes on 9/8, I suggested that the June lows on the S&P 500 Index, then about -7% away from existing levels , would likely be tested. Significant lows (June’s was -24.5% from the January high, which is significant enough), tend to […]
More Discounting Needed
September 23, 2022 Good morning, The notion that the market might have been properly discounting the Feds action and comments coming out of their FOMC meeting Wednesday afternoon was plainly wrong. The Fed did raise rates by +75 bps as expected, but it was the commentary after the rate hike that was the surprise, which began […]
Rising interest rates cause pain for estate planning moves used by the ultrarich
September 27, 2022 – Managing Director and Head of Wealth Planning, Mallon FitzPatrick, CFP® was featured in Financial Planning to discuss “Rising interest rates cause pain for estate planning moves used by the ultrarich.” Higher interest rates have kickstarted a clutch of increased costs on everything from mortgages and credit card balances to car loans […]