Weekly Market Commentary November 25, 2020

The Markets The U.S. economy is like a semi-trailer truck. No one likes being stuck behind a semi at a stoplight because big trucks don’t go from zero to 60 in 2.5 seconds. Neither does the U.S. economy. When the pandemic brought our economy to a near virtual standstill early in 2020, the U.S. government… Read more »

Weekly Market Commentary November 18, 2020

The Markets Vaccine can be a powerful word. It’s worth 14 points in Scrabble (42 on a triple word square) and, last week, it was worth a whole lot more than that to financial markets. On Monday, a pharmaceutical company and a biotech company announced preliminary trials of their vaccine show it may be 90… Read more »

Weekly Market Commentary November 11, 2020

The Markets It’s said markets hate uncertainty, but that wasn’t the case last week. Despite tremendous uncertainty about the outcome of the United States election, major domestic and international stock indices moved higher and the CBOE Volatility Index, better known as Wall Street’s fear gauge, moved 35 percent lower. Ben Levisohn of Barron’s reported: “By… Read more »

Weekly Market Commentary November 4, 2020

The Markets Last week, financial markets and economic data told very different stories. Reviewing economic data is a bit like looking in a rearview mirror. Typically, it offers information about what is behind us. For example, last week we learned: • The U.S. economy grew by 33.1 percent during the third quarter of 2020. Strong… Read more »

Updates to our In-Office Procedures

Although our staff has returned to the office, please be aware that we are still encouraging virtual meetings and will not be accepting any in-person meetings at this time. Anyone who needs to stop by our office to drop off materials or pick up documents is asked to wear a face mask and adhere to… Read more »

RMHC Golf Tournament

Ronald McDonald House Charities of Western New York is part of a global network of Ronald McDonald Houses and programs that serve nearly 6,000,000 children and families annually. Since 1974, their network of local chapters has been making children happier and healthier by keeping families together and giving them a place to rest and heal.… Read more »

Mike Paternity Leave

Mike Harmer and his wife, Marissa, are expecting a baby girl very soon! Please keep in mind that Mike will be out of the office on paternity leave from approximately Monday October 19th through the end of November (anticipated dates subject to change). During this time, we will be redirecting any phone calls or emails… Read more »

Medicare Open Enrollment

For 2021, Medicare coverage open enrollment is from October 15, 2020 through December 7, 2020. Medicare Advantage open enrollment is January 1, 2021 through March 31, 2021. During the annual enrollment period (AEP) you can make changes to various aspects of your coverage: Switch from Original Medicare to Medicare Advantage. Switch from Medicare Advantage to Original Medicare (plus… Read more »

Quarterly Investment Commentary Q3 2020

Third Quarter Market Recap Despite choppiness in September, equity investors saw solid gains during the third quarter. The S&P 500 Index rose 8.9% in the quarter and recovered all its losses for the year. Underneath the surface, mega-cap growth names continue to lead the U.S. market. Without the 42.5% year-to-date price return of the six… Read more »