Weekly Market Snapshot – October 10th, 2020

Created by: Sam Tenney

• Current US stimulus bill proposals continue to fall short in the face of increasing labor market slowdowns. The White House’s proposed $1.8 Billion stimulus package was denied by House Democrats, citing not enough provisions for testing and tracing Covid-19, as well as too few worker safety precautions.¹
• Under new legislation due to Covid emergency payments, Congress has proposed the Federal Reserve create a Digital Currency, with which each American citizen would hold a digital account with the Federal Reserve where digital dollars could be deposited in the case of emergency payments. The Board of Governors has reportedly been testing many distributed ledger platforms to determine their pro’s and con’s.²
• The Organization for Economic Cooperation and Development (OCED) has drafted a proposed global tax solution, with nearly 135 countries backing, to implement a global mandatory tax schema designed to combat multi-national corporation tax havens. Under this agreement Europe would be able to generate nearly $100 billion in additional tax revenue from US tech giants such as Google and Apple.³

SOURCES

1. https://www.washingtonpost.com/us-policy/2020/10/09/trump-economic-stimu…

2. https://www.clevelandfed.org/en/newsroom-and-events/speeches/sp-20200923…

3. https://www.ft.com/content/c269d8ad-11d6-490a-b290-4d3dbf80bd03

Please note by using any of the links provided for your convenience, you will be leaving Fidelis Wealth Advisors website. The hyperlinks are to websites and servers maintained by third parties. We do not control, evaluate, endorse, or guarantee content found in those sites. Your use of such sites is at your own risk.

This blog is general communication being provided for informational purposes only.  This information is in no way a solicitation or offer to sell securities or investment advisory services.  It is educational in nature and not to be taken as advice or a recommendation for any specific investment product or investment strategy.  This does not contain sufficient information to support an investment decision.  Any investment or investment strategy mentioned may not be suitable for all investors or in their best interest.   Statistical information, quotes, charts, references to articles or any other quoted statement or statements regarding market or other financial information is obtained from sources which we believe reliable, but we do not warrant or guarantee the timeliness or accuracy of this information. All rights are reserved.  No part of this blog including text, graphics, et al, may be reproduced or copied in any format, electronic, print, et al, without written consent from Fidelis Wealth Advisors, LLC. Fidelis Wealth Advisors does not provide legal or tax advice.  Please be advised to consult with your investment advisor, attorney or tax professional before making any investment decisions.

The Chamber of Commerce annual golf tournament

This year Sam and Dawn participated in the Castle Rock Chamber of Commerce Golf tournament in September. This tournament scramble is designed to bring members and non-members together for an outdoor networking event. Fidelis Wealth Advisors has been a member of the Chamber for 3 years and enjoys being part of the actively growing community in Douglas County. The Castle Rock Chamber of Commerce looks to support and promote local businesses through events, programs, and initiatives all designed to add success and economic growth to the community (castlerock.org).

Weekly Market Snapshot – September 28th, 2020

Created by: Sam Tenney

• New US Jobless claims have stalled, with recovery momentum slowing down and continuing claims coming in at 8.6%, down from 8.7%. With no further stimulus on the horizon, it’s likely more fiscal policy support will be needed to drive any faster growth.¹
• FHA Loans continue to increase default rates, hitting record highs of 16% default rate on 8 million loans in the second quarter. This is the highest default rate for Fair Lending home loans on record, dating back to 1979.²
• The Bank of England has reinforced its stance on negative central interest rates being a viable tool for future monetary policy. “The latest news, that we are seeing a faster return of Covid-19, is extremely difficult news for all of us … this does reinforce the downside risks we have in our forecasts” ³

SOURCES

1. https://www.ft.com/content/802371ab-d35e-4259-8af8-8b393f11abe6

2. https://archive.vn/m1Y3x

3. https://www.bloomberg.com/news/articles/2020-08-17/fha-mortgage-delinque…

Please note by using any of the links provided for your convenience, you will be leaving Fidelis Wealth Advisors website. The hyperlinks are to websites and servers maintained by third parties. We do not control, evaluate, endorse, or guarantee content found in those sites. Your use of such sites is at your own risk.

This blog is general communication being provided for informational purposes only.  This information is in no way a solicitation or offer to sell securities or investment advisory services.  It is educational in nature and not to be taken as advice or a recommendation for any specific investment product or investment strategy.  This does not contain sufficient information to support an investment decision.  Any investment or investment strategy mentioned may not be suitable for all investors or in their best interest.   Statistical information, quotes, charts, references to articles or any other quoted statement or statements regarding market or other financial information is obtained from sources which we believe reliable, but we do not warrant or guarantee the timeliness or accuracy of this information. All rights are reserved.  No part of this blog including text, graphics, et al, may be reproduced or copied in any format, electronic, print, et al, without written consent from Fidelis Wealth Advisors, LLC. Fidelis Wealth Advisors does not provide legal or tax advice.  Please be advised to consult with your investment advisor, attorney or tax professional before making any investment decisions.

Weekly Market Snapshot – September 21st, 2020

Created by: Sam Tenney

• The Federal Reserve Open Market Committee (FOMC) convened September 15th-16th to discuss ongoing monetary policy. Popular consensus is that interest rates will remain at 0% through the end of 2023 at earliest.¹
• More than 24% of the money raised in the US private equity loan market currently has been used to fund dividends to private equity owners, up from an average of less than 4% over the past two years.²
• The Federal Reserve is considering an extension to the restrictions on bank equity dividends and buybacks. Due to economic uncertainty bank stock was restricted from giving dividends or doing share buybacks during the third quarter, a restriction which may be extended to the fourth quarter.³

SOURCES

1. https://www.forbes.com/advisor/investing/fomc-meeting-federal-reserve/

2. https://archive.vn/m1Y3x

3. https://www.bloomberg.com/news/articles/2020-09-17/fed-weighs-extending-…

Please note by using any of the links provided for your convenience, you will be leaving Fidelis Wealth Advisors website. The hyperlinks are to websites and servers maintained by third parties. We do not control, evaluate, endorse, or guarantee content found in those sites. Your use of such sites is at your own risk.

This blog is general communication being provided for informational purposes only.  This information is in no way a solicitation or offer to sell securities or investment advisory services.  It is educational in nature and not to be taken as advice or a recommendation for any specific investment product or investment strategy.  This does not contain sufficient information to support an investment decision.  Any investment or investment strategy mentioned may not be suitable for all investors or in their best interest.   Statistical information, quotes, charts, references to articles or any other quoted statement or statements regarding market or other financial information is obtained from sources which we believe reliable, but we do not warrant or guarantee the timeliness or accuracy of this information. All rights are reserved.  No part of this blog including text, graphics, et al, may be reproduced or copied in any format, electronic, print, et al, without written consent from Fidelis Wealth Advisors, LLC. Fidelis Wealth Advisors does not provide legal or tax advice.  Please be advised to consult with your investment advisor, attorney or tax professional before making any investment decisions.

Weekly Market Snapshot – September 14th, 2020

Created by: Sam Tenney

• The Consumer Price Index (CPI) rose 0.4% in August, the first inflation metrics we have seen since the fed instituted the inflation averaging policy. Core CPI, inflation minus food and energy, rose 1.7%¹
• US Imports from China have broken previous all-time highs, with imports to Long beach and Los Angeles both surging past >200% increases in volume. A shift in consumer habits away from services to physical goods purchasing may be the reason for this increase.²
• Junk Bond yields, corporate bonds with a credit rating less than BBB, have once again reached record lows. Junk bond issuances for the year have reached record highs, with $50 billion in junk bond issuances so far in 2020, beating the 2010 record of $30 billion in issuance.³

SOURCES

1. https://www.ft.com/content/e31d5775-c5fb-45bd-a477-9e5482d29588

2. https://www.freightwaves.com/news/what-trade-war-us-imports-from-china-a…

3. https://www.bloomberg.com/news/articles/2020-08-10/u-s-junk-bond-market-…

Please note by using any of the links provided for your convenience, you will be leaving Fidelis Wealth Advisors website. The hyperlinks are to websites and servers maintained by third parties. We do not control, evaluate, endorse, or guarantee content found in those sites. Your use of such sites is at your own risk.

This blog is general communication being provided for informational purposes only.  This information is in no way a solicitation or offer to sell securities or investment advisory services.  It is educational in nature and not to be taken as advice or a recommendation for any specific investment product or investment strategy.  This does not contain sufficient information to support an investment decision.  Any investment or investment strategy mentioned may not be suitable for all investors or in their best interest.   Statistical information, quotes, charts, references to articles or any other quoted statement or statements regarding market or other financial information is obtained from sources which we believe reliable, but we do not warrant or guarantee the timeliness or accuracy of this information. All rights are reserved.  No part of this blog including text, graphics, et al, may be reproduced or copied in any format, electronic, print, et al, without written consent from Fidelis Wealth Advisors, LLC. Fidelis Wealth Advisors does not provide legal or tax advice.  Please be advised to consult with your investment advisor, attorney or tax professional before making any investment decisions.

Weekly Market Snapshot – September 7th, 2020

Created by: Sam Tenney

• The August unemployment rate came in at 8.4%, a 1.8% drop from July’s unemployment numbers. ¹
• Mortgages in delinquency have been rising, reaching 2.3 million delinquencies in August, up from 630k in May. ²
• For the past two years $100 billion of call options on equities have traded per day, currently that average is at $355 billion a day, showing the amount of speculative risk behavior that is in the market. ³

SOURCES

1. https://www.washingtonpost.com/business/2020/09/04/economy-adds-14-milli…

2. https://www.bloomberg.com/news/articles/2020-09-08/refinancing-and-delin…

3. https://archive.vn/STsuA

Please note by using any of the links provided for your convenience, you will be leaving Fidelis Wealth Advisors website. The hyperlinks are to websites and servers maintained by third parties. We do not control, evaluate, endorse, or guarantee content found in those sites. Your use of such sites is at your own risk.

This blog is general communication being provided for informational purposes only.  This information is in no way a solicitation or offer to sell securities or investment advisory services.  It is educational in nature and not to be taken as advice or a recommendation for any specific investment product or investment strategy.  This does not contain sufficient information to support an investment decision.  Any investment or investment strategy mentioned may not be suitable for all investors or in their best interest.   Statistical information, quotes, charts, references to articles or any other quoted statement or statements regarding market or other financial information is obtained from sources which we believe reliable, but we do not warrant or guarantee the timeliness or accuracy of this information. All rights are reserved.  No part of this blog including text, graphics, et al, may be reproduced or copied in any format, electronic, print, et al, without written consent from Fidelis Wealth Advisors, LLC. Fidelis Wealth Advisors does not provide legal or tax advice.  Please be advised to consult with your investment advisor, attorney or tax professional before making any investment decisions.

Weekly Market Snapshot – August 31, 2020

Created by: Sam Tenney

• During the 2020 Jackson hole symposium, the Federal Reserve chairman Jerome Powell has unveiled the Fed’s plan to bring up inflation by no longer targeting 2% inflation but aiming for an “average” of 2% inflation.¹
• Market rebounds since lows in March have been primarily led by a handful of large cap stocks, according to JP Morgan’s research. The top 10 stocks in the S&P 500 make up 30% of the weight in the S&P index now, higher than any other time in the past 30 years.²
• Since congressional talks over further economic stimulus has stalled, the White house continues to look for ways to provide economic relief through executive orders. As of Wednesday, August 26th, the Trump administration has reportedly met with the top three US airlines to discuss $25 billion in further government aid for the industry.³

SOURCES

1. https://www.wsws.org/en/articles/2020/08/31/hole-a31.html

2. https://am.jpmorgan.com/blob-gim/1383452890099/83456/weekly_market_recap…

3. https://www.ft.com/content/097bd8fb-9f56-4d2f-b90d-f5ffe2750a06

Please note by using any of the links provided for your convenience, you will be leaving Fidelis Wealth Advisors website. The hyperlinks are to websites and servers maintained by third parties. We do not control, evaluate, endorse, or guarantee content found in those sites. Your use of such sites is at your own risk.

This blog is general communication being provided for informational purposes only.  This information is in no way a solicitation or offer to sell securities or investment advisory services.  It is educational in nature and not to be taken as advice or a recommendation for any specific investment product or investment strategy.  This does not contain sufficient information to support an investment decision.  Any investment or investment strategy mentioned may not be suitable for all investors or in their best interest.   Statistical information, quotes, charts, references to articles or any other quoted statement or statements regarding market or other financial information is obtained from sources which we believe reliable, but we do not warrant or guarantee the timeliness or accuracy of this information. All rights are reserved.  No part of this blog including text, graphics, et al, may be reproduced or copied in any format, electronic, print, et al, without written consent from Fidelis Wealth Advisors, LLC. Fidelis Wealth Advisors does not provide legal or tax advice.  Please be advised to consult with your investment advisor, attorney or tax professional before making any investment decisions.

Weekly Market Snapshot – August 24, 2020

Created by: Sam Tenney

• As of August 17th, filings for chapter 11 bankruptcy of companies with over 1 billion in liabilities hit a record 45 companies, the fastest growth in defaults on record.¹
• The “Jackson Hole Symposium” will take place this week, August 27th to 28th, as a virtual event for the first time. The symposium is a meeting between many domestic bankers, government officials, and academics, to talk about the state of monetary policy in the United States.²
• China has released a massive push to curb food waste within the country, called the “Clean Plates Campaign.” With Covid-19 exposing vulnerabilities in the countries food supply chains this push to reduce food waste will try help to shore up some of the country’s reliance on imports.³

SOURCES

1. https://www.bloomberg.com/news/articles/2020-08-20/xi-s-crusade-on-food-…

2. https://www.bloomberg.com/news/articles/2020-08-23/-past-peak-central-ba…

3. https://www.ft.com/content/277dc354-a870-4160-9117-b5b0dece5360

Please note by using any of the links provided for your convenience, you will be leaving Fidelis Wealth Advisors website. The hyperlinks are to websites and servers maintained by third parties. We do not control, evaluate, endorse, or guarantee content found in those sites. Your use of such sites is at your own risk.

This blog is general communication being provided for informational purposes only.  This information is in no way a solicitation or offer to sell securities or investment advisory services.  It is educational in nature and not to be taken as advice or a recommendation for any specific investment product or investment strategy.  This does not contain sufficient information to support an investment decision.  Any investment or investment strategy mentioned may not be suitable for all investors or in their best interest.   Statistical information, quotes, charts, references to articles or any other quoted statement or statements regarding market or other financial information is obtained from sources which we believe reliable, but we do not warrant or guarantee the timeliness or accuracy of this information. All rights are reserved.  No part of this blog including text, graphics, et al, may be reproduced or copied in any format, electronic, print, et al, without written consent from Fidelis Wealth Advisors, LLC. Fidelis Wealth Advisors does not provide legal or tax advice.  Please be advised to consult with your investment advisor, attorney or tax professional before making any investment decisions.

Weekly Market Snapshot – August 17, 2020

Created by: Sam Tenney

• Consumer Price Index (CPI) numbers for July have come in at +0.6% annualized inflation increase. Food continues to be the major drive for this increase, with a 4.1% growth in July.¹
• Chinese Retail sales data fell -1.1% for July, marking the seventh straight month of negative growth in Chinese Retail sales. This highlights the devastating effect the Coronavirus has had on China’s economy.²
• New weekly US jobless claims have dropped below 1 million for the first time since March. This shows that while Covid-19 shutdowns continue to effect businesses and the economy, these effects may be slowing.³

SOURCES

1. https://www.bls.gov/cpi/

2. https://tradingeconomics.com/china/retail-sales-annual

3. https://www.ft.com/content/b08c2ae0-6152-48d6-9d02-210182b2aab8

Please note by using any of the links provided for your convenience, you will be leaving Fidelis Wealth Advisors website. The hyperlinks are to websites and servers maintained by third parties. We do not control, evaluate, endorse, or guarantee content found in those sites. Your use of such sites is at your own risk.

This blog is general communication being provided for informational purposes only.  This information is in no way a solicitation or offer to sell securities or investment advisory services.  It is educational in nature and not to be taken as advice or a recommendation for any specific investment product or investment strategy.  This does not contain sufficient information to support an investment decision.  Any investment or investment strategy mentioned may not be suitable for all investors or in their best interest.   Statistical information, quotes, charts, references to articles or any other quoted statement or statements regarding market or other financial information is obtained from sources which we believe reliable, but we do not warrant or guarantee the timeliness or accuracy of this information. All rights are reserved.  No part of this blog including text, graphics, et al, may be reproduced or copied in any format, electronic, print, et al, without written consent from Fidelis Wealth Advisors, LLC. Fidelis Wealth Advisors does not provide legal or tax advice.  Please be advised to consult with your investment advisor, attorney or tax professional before making any investment decisions.

Weekly Market Snapshot – August 10, 2020

Created by: Sam Tenney

• As of Saturday, August 8th, the White House has signed four executive orders, one stating that US States must continue paying out $400 a week extra in unemployment insurance benefits. These executive orders are in reaction to stalls between parties on reaching bipartisan agreement for more stimulus. ¹
• The Federal Reserve of Cleveland president Loretta Mester suggest that the labor market might be facing increased strain from rising coronavirus cases. “The tone that we’re getting from businesses really has turned down since the increase in the virus cases.” Current unemployment rates stand at 10.2%²
• The Producer Price Index (PPI) has risen 0.3% in July, after being flat for the previous six months, showing some signs of strength and inflation in the production economy.³

SOURCES

1. https://www.cbsnews.com/news/unemployment-400-benefits-trump-executive-o…

2. https://www.marketwatch.com/story/feds-mester-says-labor-market-is-even-…

3. https://www.bloomberg.com/news/articles/2020-08-11/core-u-s-producer-pri…

Please note by using any of the links provided for your convenience, you will be leaving Fidelis Wealth Advisors website. The hyperlinks are to websites and servers maintained by third parties. We do not control, evaluate, endorse, or guarantee content found in those sites. Your use of such sites is at your own risk.

This blog is general communication being provided for informational purposes only.  This information is in no way a solicitation or offer to sell securities or investment advisory services.  It is educational in nature and not to be taken as advice or a recommendation for any specific investment product or investment strategy.  This does not contain sufficient information to support an investment decision.  Any investment or investment strategy mentioned may not be suitable for all investors or in their best interest.   Statistical information, quotes, charts, references to articles or any other quoted statement or statements regarding market or other financial information is obtained from sources which we believe reliable, but we do not warrant or guarantee the timeliness or accuracy of this information. All rights are reserved.  No part of this blog including text, graphics, et al, may be reproduced or copied in any format, electronic, print, et al, without written consent from Fidelis Wealth Advisors, LLC. Fidelis Wealth Advisors does not provide legal or tax advice.  Please be advised to consult with your investment advisor, attorney or tax professional before making any investment decisions.