The gross domestic product (GDP), which is considered the first estimate of national economic growth, was reported this week at a decline of 0.9 percent from last quarter. This is the second consecutive decrease, although it’s an improvement over last quarter’s drop of 1.6 percent. By some definitions, a recession is identified by declines in [...]
Presented by Matt Glova and the LifeTime Asset Management team: Weekly Market Update, August 8, 2022 After the Federal Reserve (Fed)’s second consecutive 75 basis point (bp) rate hike on July 27, all eyes now look toward the September Federal Open Market Committee (FOMC) meeting. With inflation remaining near 40-year highs, the markets and Fed [...]
Matt Glova was featured this week on Aging Matters with Transitions LifeCare. Matt & host Mary Lucas discuss financial planning, managing assets and avoiding scams. Be sure to take a listen here!
Presented by Matt Glova and the LifeTime Asset Management team: Weekly Market Update, July 25, 2022 U.S. Treasury yields were down last week as expectations of a recession and a potential slowdown in rate increases from the Federal Reserve (Fed) were reflected in fixed income markets. Economic data releases suggested a slowing of the global [...]
Presented by Matt Glova and the LifeTime Asset Management team: Weekly Market Update, June 27, 2022 After the Federal Open Market Committee (FOMC) raised the federal funds rate 75 basis points (bps) at its June meeting, Federal Reserve (Fed) Chair Jerome Powell testified to Congress on the state and development of the U.S. economy. Last [...]
Whether you’ve seen the prices at the pump, clicked on the headlines, or overheard discussions in the grocery store, you know the rising cost of gas has everyone talking. At the start of the summer driving season, the average price of regular gasoline in the U.S. reached an all-time high, surpassing $4.50 per gallon. Inflationary [...]
Two great articles taking a closer look at current market conditions: Why is the Stock Market Going Down? The economy seems to be doing well, with job growth still at high levels, consumer spending still healthy, and businesses continuing to invest. But the stock market—which is supposedly a barometer of that economy—is acting very differently. [...]
After over a year of studying and taking the four required exams, Rebecca Crumpler can now proudly display the CPA designation behind her name. LifeTime is extremely proud of Rebecca's dedication to her continued education and expansion of her knowledge and skills. Rebecca obtained her CERTIFIED FINANCIAL PLANNER(TM) designation in late 2019, which then sparked [...]
Presented by Matt Glova and the LifeTime Asset Management team: Weekly Market Update, April 25, 2022 Considering the upcoming May FOMC meeting, the markets are expecting an interest rate hike of 50 basis points (bps). The S&P 500 was down again last week as markets sold off due to concerns that the FOMC was turning [...]
Matt Glova has been named to Forbes’ Best–in–State Wealth Advisors list for 2022. The list is published on forbes.com/best-in-state-wealth-advisors. See Matt's profile on this Forbes' list here. Each advisor—selected by SHOOK Research—is chosen based on an algorithm of qualitative and quantitative criteria, including: in-person interviews; industry experience; compliance records; revenue produced; and assets under management. [...]
