SUMMARY U.S. equities rallied in the new year. Contributing factors included both a better-than-expected start to the earnings season and a “patient” Fed willing to delay further interest rate hikes. U.S. manufacturing saw improvements in operating conditions with domestic demand leading to new business growth. Business confidence saw an uptick among manufacturers. However, the government […]
SUMMARY U.S. equities saw a steep decline in December and ended 2018 in negative territory. Optimism in business confidence fell to levels not seen since October 2016 as growth of new manufacturing orders slowed and demand fell. Consumer confidence remained strong but experienced back-to-back declines in November and December mainly due to concerns of slowing […]
SUMMARY U.S. equities rebounded in November, aided by Fed Chairman Powell’s comments that the fed funds rate is just below “neutral” and indicated that the Fed would not engage in an aggressive tightening policy. Real GDP increased at an annual rate of 3.5% in 3Q (second estimate), below the 4.2% rate in 2Q. U.S. manufacturing […]
Dear Friends, As many of you know #GivingTuesday is today. It couldn’t come at a better time. We all know someone who has withstood serious hardship in the wild fires here in California, or in any of the many natural and manmade disasters this year. During this time of gratitude, we encourage you to reach […]
On November 3rd the Los Angeles Ronald McDonald House (LARMH) celebrated its 2018 Masquerade Ball. For the past 38 years, LARMH has been providing a “home away from home” to families while their children are undergoing treatment for critical illness or injury at local hospitals. This service helps eliminate the burden of looking for residence while […]
Summary U.S. equities saw a significant pullback in the month as end-of-cycle fears had the market exiting risk assets. Economic data remains positive, pointing to low and decreasing unemployment (3.7%), rising wages and salaries (up 3.1% YTD) leading to manufacturing and services PMI beating expectations, and an increase in real GDP (up 3.5% in 3Q). […]
On Saturday, October 27th, the Financial Planning Association held the 9th annual Los Angeles Financial Planning Day at the Los Angeles Central Library. Lead by Pro Bono Director Joe Rosol of the Los Angeles chapter of Financial Planning Association, several qualified Certified Financial Planner (CFP®) professionals offered free, “no strings attached”, one-on-one financial counseling and […]
Summary U.S. equities finished the month almost flat but still outpaced the rest of the world for the year. Strong economy (GDP 4.2%), low unemployment (3.9%) and tame inflation (2.7%) supported a strong level of consumer confidence that is hovering close to an 18-year high. Compared to the rest of the developed world, US manufacturing […]
Summary U.S. equities traded higher in August as the current bull market became the longest on record during the month. Strong improvement in the health of U.S. manufacturing led to the highest consumer confidence level since October 2000. The unemployment rate declined to 3.9% (decreased by 0.1% in July) and wages continued to rise (up […]
Congratulates to Alev Lewis for being listed in Los Angeles Business Journal’s “Most Influential Wealth Managers”. Alev’s commitment to serving clients, entrepreneurial spirit and collaborative mindset makes her a true inspiration to our team and a pillar of the Los Angeles business community.
Acacia Wealth Advisors is registered with HighTower Securities, LLC, member FINRA and SIPC, and with HighTower Advisors, LLC, a registered investment advisor with the SEC. Securities are offered through HighTower Securities, LLC; advisory services are offered through HighTower Advisors, LLC.
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