The You First Blog

Dow Jones Drops 800 Points; Yield Curve Temporarily Inverts

August 15, 2019
 Anthony & Frank's Update, Client services, Economy, Federal Reserve, Interest Rates, Investments, The Markets, You First Financial
 Anthony Sabti

The yield curve inverted, and the DOW dropped 800 points. Now what? Yesterday, the DOW dropped 800 points, the single largest drop of 2019. This was largely due to news that the yield curve had – briefly – inverted. It is important to note that yesterday’s yield curve inversion was only temporary, as the 10-year… Read More

Weekly Update – July 19, 2019

July 19, 2019
 Bank of Canada, Client services, Economy, Federal Reserve, Frank's Update, Inflation, Interest Rates, Investments, The Markets, Weekly Update, You First Financial
 Frank Manzo

“I’d rather be pleasantly surprised than fatally disappointed” – Julia Glass Tempered Fed Cut Hike Speculation Leads Indexes Lower Major U.S. indices dipped to end the Friday trading session after a strong opening. The Wall Street Journal reported the coming Fed Cut would be 25 basis points; however, comments on Thursday by Fed officials inferred a… Read More

2019 Mid-Year Outlook

July 12, 2019
 Anthony & Frank's Update, Brexit, Client services, Economy, Federal Reserve, Financial Planning, Free Trade Agreement, Interest Rates, Investments, Mid-Year Outlook, The Markets, You First Financial
 Frank Manzo

“We really can’t forecast all that well, and yet we pretend that we can, but we really can’t” – Alan Greenspan 2019 Mid-Year Outlook During this time of year, most investment firms release a mid-year or 3rd quarter market outlook. As usual, some indicators are supportive of a rising market, while others are not. We’ve culled… Read More

Weekly Update – June 28, 2019

June 28, 2019
 Client services, Economy, Federal Reserve, Frank's Update, Free Trade Agreement, Interest Rates, Investments, The Markets, Weekly Update, You First Financial
 Frank Manzo

“A successful man is one who can lay a firm foundation with the bricks others have thrown at him” – David Brinkley Toronto Stock Exchange and Wall Street Finish June on the Upswing The S&P/TSX Composite rode gains in the discretionary sector to a 74.47-point gain on Friday, finishing June at 16,382.20. April GDP data showed… Read More

Weekly Update – June 21, 2019

June 22, 2019
 Client services, Economy, Federal Reserve, Frank's Update, Free Trade Agreement, Interest Rates, Investments, The Markets, Weekly Update, You First Financial
 Frank Manzo

“Summertime is always the best of what might be” – Charles Bowden US Fed Holds Rate Steady, Hints at Future Cuts; S&P 500 Hits Record High Close The US Federal Reserve opted to hold its key rate steady on Wednesday but hinted that its patience is waning regarding a near-term adjustment. Stating that it would “act… Read More

Weekly Update – June 7, 2019

June 7, 2019
 Client services, Economy, Federal Reserve, Frank's Update, Interest Rates, Investments, The Markets, Weekly Update, You First Financial
 Frank Manzo

“Poets are never unemployed, just unpaid” – Kathy Skaggs TSX Rises on Strong Jobs Report The Canadian economy added 27,700 jobs in May, per the Statistics Canada jobs report released this week. Stats Canada reported on Friday that the unemployment rate has fallen to 5.4%, down from 5.7% in April. Canadian unemployment is now the lowest… Read More