Landmark Wealth Management’s economic update for quarter three in 2019. This report shows a strong return for fixed incomes with falling interest rates, an addition to 224,000 jobs to the US economy and a hint of future rate cuts following the Federal Reserve June meeting. Read on for more financial market updates and events on the horizon.
Markets continued to rebound in the 2nd quarter driven by further signals from the Federal Reserve that they may cut interest rates. Fixed Income enjoyed strong returns buoyed by falling interest rates and US Equities posted strong results. Developed Market Equities and Infrastructure assets also produced positive returns during the quarter at 3.7% and 4.9% respectively.
Lindsay Glassman, CPA, CFP®, PFS, MBA was one of 7 CPAs age 40 and under honored by the AICPA for their contributions to personal financial planning with the Personal Financial Planning Standing Ovation. Lindsay was honored at the AICPA’s conference in Las Vegas.
Landmark is pleased to welcome our newest team member, Dan Bertleff. He is joining Landmark as an Associate Financial Analyst. Dan is a summa cum laude graduate of SUNY Fredonia, with a degree in Business Administration; Finance. He previously worked for Pegula Sports Entertainment.
This past quarter, fixed income remained strong as interest rate levels continued to decline. Equities posted powerful results both domestically and internationally, and diversifiers such as real estate and infrastructure were among the strongest performers returning 15.9% and 13.8% respectively to top the US market. The US economy gained 196,000 jobs in March, marking a …
