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October 25, 2018
The incredible $1.6 billion Mega Millions jackpot was finally won this week by someone purchasing a single ticket in South Carolina. I’d be willing to bet $1.6 billion the winner wasn’t you. In lieu of a 30-year annual payout, the winner can choose a lump sum of about $878 million (before taxes...
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October 3, 2018
As expected, the Federal Reserve Open Market Committee (FOMC) hiked the fed funds rate at their September 26th meeting by 0.25% to a target range of 2.0%-2.25%. This marks the 8th increase since the process started in December 2015 with current bets on one more hike in December, another three next...
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September 10, 2018
When our girls were young, Saturday mornings would often find us in the kitchen cooking breakfast, so their mom could catch a few extra, much needed winks. Our all-time favorite breakfast was pancakes or flapjacks. It was a somewhat messy process, but the result was usually acceptable. Some of...
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August 22, 2018
A welcomed summer serenity has drifted into the markets over the last couple of months as volatility has crept lower and U.S. equity indexes have quietly tested new historical highs. This subtle rise in US equities has taken place amid unsettling geopolitical events and less than stellar, though...
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July 3, 2018
Markets typically don’t like uncertainty and if there is one word to describe the current geopolitical environment, that would be a good choice. The cascading flood of mixed messages concerning the United States’ trade policies are making it difficult for investors to gain clarity on the prospects...
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June 15, 2018
Wednesday, June 13, the Federal Reserve’s Open Market Committee (FOMC), as expected, raised the Fed Funds Rate by 0.25% to a target range of 1.75% - 2.00%. Additionally, they indicated a likelihood of four total hikes this year, up from three predicted at their last meeting. This week’s rate hike...