Bouchey Blog
Last week’s historic vote in Britain sent equity and currency markets into a tailspin on Friday, with U.S. markets falling between 5-6% while Europe and other larger developed markets fell over 10% by the market’s close on Monday. In fact, the British pound fell 11%, as it hit a 31-year low against the US dollar…
Yesterday was a historic day for the United Kingdom (U.K.) and Europe, as British citizens voted to leave the European Union (EU), otherwise known as “Brexit”. There has been heightened volatility across markets in the weeks leading up to the vote due to the uncertainty and no clear direction of this historic vote. In fact,…
The jobs report disappointed for the second consecutive month, as the 38,000 jobs created fell well short of the 158,000 expectation. Surprising given the shortfall in the jobs number, the unemployment rate declined from 5% to 4.7%. Furthermore, figures for both April and March were revised lower by a combined 59,000, bringing the three month…
We have experienced increased volatility across stock markets over the past two weeks. Last week, most major equity markets fell and brought their YTD returns into flat to negative territory. Much of the decline was a case of good news is bad news, as improving US economic data alleviated concerns about a recession but increased…
Written by: Ryan Bouchey We recently wrote an article exploring single stock risk for the Saratogian. Below you will find an excerpt from the article along with a link to access the full article. We often talk with clients about single-stock risk and how it can significantly impact savings goals if not managed appropriately. Having…
Written by: Marty Shields It was six years in the making but today the Department of Labor released rules on how all financial advisors must begin working with retirement accounts as fiduciaries. There is some complexity to the regulation but at its core what these rules mean going forward is that when advisors provide advice…
Each year, Bouchey Financial Group invites our clients to join us for our annual State of the Economy presentation. This year we had more than 200 clients attend over a two night span, one presentation in Troy and the other in Saratoga Springs. Below you can watch and listen to Steve, Ryan and Marty give…