In the News
As seen in The Saratogian The Fed met this week and as expected, they hiked interest rates by 0.75%. I believe this was already baked into the cake, as they say. The Fed was late to this party and should have begun hiking rates last year but is now committed to fighting inflation as best…
Written by: Steven B. Bouchey, CFP® As seen in The Saratogian. The headlines in 2022 have been overwhelming; the Russia-Ukraine conflict, Covid-19 lingering on, China’s lockdowns adding to supply chain disruptions, and inflation at 40-year highs!!! So, what has changed on the inflation front? The May consumer price index (CPI) was red hot, rising +1%…
This past Wednesday, we had the pleasure of presenting our annual State of the Economy presentation via livestream from Universal Preservation Hall in Saratoga Springs. Steven Bouchey, Ryan Bouchey, and Marty Shields shared a recap of the markets and economy in 2020, and what we expect for 2021. Please visit the link below to view…
Written by Martin Shields The 30-year mortgage rate has dropped to its lowest rate since it was originally tracked starting in 1971 as shown in the graph below. Last year the 30-year mortgage rate was 3.74% and the most recent rate was down to 2.66%. As rates continue to decline to levels we could not…
Written by Harmony Wagner As financial advisors, we often speak with clients or prospective clients with cash to invest who are hesitant to put it to work “because the markets are at all-time highs.” The hesitancy to invest cash while the markets are doing well is not entirely unreasonable. After all, an investor always hopes…
We will once again be partnering with Rensselaer County Regional Chamber of Commerce for our 3rd annual Economic Outlook event. This event will be held virtually on Wednesday, February 3rd, at 1:00 PM. The investment team at Bouchey Financial Group consisting of Steven Bouchey, CFP®; Ryan Bouchey CFP®, CPA; and Martin Shields CFP®, AIF;…
Testing the Lows
It’s Saturday morning and I wanted to share some thoughts that both Ryan Bouchey, CFP® CPA, our Chief Strategy Officer and VP, and I had on the markets with all the volatility over the past couple weeks. Investors’ emotions are being tested again as we retest the lows of June 16th and there’s a feeling…