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.
Summary U.S. equities saw robust returns in the month of July. Strong consumer spending supported a 4.1% annualized growth in gross domestic product (GDP), the largest quarterly increase since 2014. U.S. manufacturing growth remains solid, even though foreign demand has fallen slightly. The unemployment rate ticked higher (increased by 0.2% in June) and though wages […]
Summary U.S. equities ended up for the month of June, as the U.S. economic expansion enters its 10th year. U.S. manufacturing data posted a smaller rate of growth as output and new orders increased at the slowest rates since November 2017. Consumer and business spending have increased as the unemployment rate continues to fall (down […]
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.
This is not an offer to buy or sell securities. No investment process is free of risk, and there is no guarantee that the investment process or the investment opportunities referenced herein will be profitable. Past performance is not indicative of current or future performance and is not a guarantee. The investment opportunities referenced herein may not be suitable for all investors.
All data and information reference herein are from sources believed to be reliable. Any opinions, news, research, analyses, prices, or other information contained in this research is provided as general market commentary, it does not constitute investment advice. The team and HighTower shall not in any way be liable for claims, and make no expressed or implied representations or warranties as to the accuracy or completeness of the data and other information, or for statements or errors contained in or omissions from the obtained data and information referenced herein. The data and information are provided as of the date referenced. Such data and information are subject to change without notice.
This document was created for informational purposes only; the opinions expressed are solely those of the team and do not represent those of HighTower Advisors, LLC, or any of its affiliates.