Weekly Update: Good morning! The US Government shut down has entered the 32nd day, and is by far the longest government shut down.  One is poised to ask the question: Does what has not been open for a month affect me?  Well, I can tell you with a resounding answer, yes, one thing.  My known traveler number expired, and I had to go through the full TSA screening.  I now

Weekly Update: Good morning! The current government shut down has now become the longest ever.  All nonessential services are furloughed until the government opens.   Some employees, like the TSA, are working and not getting paid.   Economic activity will decline with the government closed. The yield curve remains inverted with the following US Treasury yields: 1 year = 2.55 2 year = 2.51 3 year = 2.48 An inverted yield curve

Weekly Update: Good morning! We are roaring into the second week of 2019. The economic data remains mixed so far this year.  Job growth was surprisingly strong last month, and some sales data disappointed.   The government remains closed with the budget impasse.  This is now the second longest closure. Please contact your advisor to discuss strategies to manage your portfolio and balance sheet in these volatile times.

Weekly Update: Good morning! Merry Christmas! On this beautiful morning, I am thinking of family and the spirit of Christmas. I encourage everyone to take time and enjoy your family and friends this holiday season. McQueen Financial Advisors has the following holiday hours for the remainder of the year: December 24 – Early close December 25 – Closed December 31 – Early close January 1 – Closed On the economic

Weekly Update: Good afternoon, The Fed raised the Fed Fund target rate a quarter point to 2.25% – 2.50%! This is their fourth increase this year. Although the increase was widely expected, their statement has become more dovish than prior statements. Their statement acknowledges some weakness in the economy and their willingness to be more patient in 2019. Here at McQueen we are seeing low inflation, softening real estate markets,

Weekly Update: Good morning! We began this volatile week with a quote by Thomas Edison. It is fitting as today, at its December meeting, the December Federal Open Market Committee (FOMC) is releasing their decision to raise interest rates or to leave them unchanged. In a lot of ways, the FOMC will let us know if the light bulb is on or not. As I look at the US Treasury

Weekly Update: Good morning! Some things we find are certain, and other things are uncertain. For example, the Brexit battle is the headline news this morning, which is uncertainty. On the certainty side, we know that Oil prices caused the 1979 recession, and interest rates caused the 1983 recession. Financial institution failure lead to the 1990 recession whereas equity prices caused the 2000 recession. The mortgage and housing bubble was

Weekly Update: Good morning! The U.S. stock market sell-off of nearly 800 points on the Dow Jones Average and 283 points on the NASDAQ yesterday, reflect the heightened uncertainty about the details of the previously announced US-China tariff squabble 90-day reprieve. Last weekend’s announcement of a deal between Presidents Trump and Xi, was called into question when U.S. Government officials had inconsistent stories of what was agreed. The downward movement

Weekly Update: Good morning! The U.S. Treasury yield curve inverted yesterday, Monday. The 5-year yield declined to 2.833%, and the 3-year yield was 2.836%. Yes, this is a small inversion. However, it is important. The last time we had an inverted yield curve was in February of 2007. It has been over 11 years and 11 months for the inversion to return. What does an inverted yield curve mean? Investors

Weekly Update: Good morning! As I recover from skiing over the weekend, I am sitting at my desk pondering a few things: One – “When did black Friday and cyber Monday start”? Black Friday dates back to the 1950s, and the first time it made print was in 1966. Over 50% of Christmas spending has historically been spent on black Friday. Cyber Monday was created by a marketing team at