When asked the main reason for working with our firm:

When asked the main reason for working with our firm: “SFG did a great job planning out how to invest my money to make it work for me, and SFG provides regular communications regarding the financial markets. The team has also been really good at follow-up. They are great partners.” – Bob P. “Bryan starts…

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When asked how would you describe your financial advisor:

When asked how would you describe your financial advisor: “Bryan did a fantastic job providing an effective strategy that addresses all aspects of our financial goals, including restructuring toward solid investments that a mindful of tax requirements and future estate planning issues.” – LT “Bryan is dedicated to his role as a fiduciary. He is…

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When asked what would you tell someone who is considering working with SFG:

When asked what would you tell someone who is considering working with SFG: “That SFG is knowledgeable and attentive when it comes to securing and preserving one’s financial future.” -Glenn W “They treat us like family and hold social events to share that family unity.”- Glenn W. “That after working with you for over eight…

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When asked how our firm has exceeded expectations:

When asked how our firm has exceeded expectations: “Your diligence to keep us/me on a straight and narrow path to our goals.” – Steve D. “Always going the extra mile to ensure I understand what is happening with myvarious investments and what are best strategies for my financial well-being.” – Lynn B. “The consistent message…

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When asked what problem(s) were you trying to solve by working with SFG:

When asked what problem(s) were you trying to solve by working with SFG: “Guidance with finances after my husband died.” – Cheryl E. “1. establishing and maintaining multiple income streams during retirement2. Protecting assets and income during retirement.” – Bill C. “Distribution of assets into diverse investments to maintain desired quality of life during retirement…

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Market Update: May 16, 2022-Inflation Takes Center Stage, Plus SFG News and Events


Table of Contents



Inflation Takes Center Stage


Food for Thought


Tax Tips


Healthy Living


Weekly Riddle


Photo of the week


Inflation Takes Center Stage

In a volatile trading week, stocks extended their losses as economic growth and inflation concerns soured investor sentiment.
The Dow Jones Industrial Average dropped 2.14%, while the Standard & Poor’s 500 lost 2.41%. The Nasdaq Composite index fell 2.80% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, slumped 3.21%.

A Turbulent Week
Inflation moved to center stage last week with the release of April’s Consumer Price Index (CPI) and the Producer Price Index. Both numbers came near their 40-year highs but were lower than March’s year-over-year numbers. The results heightened investor anxiety about future Fed monetary tightening and its impact on economic growth.

In recent weeks, technology stocks have borne the brunt of the downdraft as investors lightened up on risk exposures, with some of the mega-cap tech names getting swept up in the selling pressure. Cooling import price increases buoyed spirits on Friday, helping spark a rally that reduced the week’s losses.
Inflation Stays Hot
Investors were greeted with a mixed CPI report, looking for signs that inflation may be cooling. Year-over-year costs rose 8.3%, slower than the previous month but faster than consensus estimates. Excluding food and energy, core inflation climbed 6.2%. Buried beneath the headline number was a …

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Market Update: April 25, 2022-Powell Favors Quick Movement, Plus SFG News and Events


Table of Contents



Powell Favors Quick Movement


Food for Thought


Tax Tips


Healthy Living


Weekly Riddle


Photo of the Week


Powell Favors Quick Movement

Hawkish comments from Fed Chair Jerome Powell overshadowed many largely positive earnings results, sending stocks lower for the week. The Dow Jones Industrial Average declined 1.86%, while the Standard & Poor’s 500 dropped 2.75%. The Nasdaq Composite index fell 3.83% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, advanced 0.50%.

Focus Comes Off Earnings
With the inflation report in the rearview mirror and a Fed meeting two weeks away, many may have expected corporate earnings to be in focus last week. Comments by Jerome Powell stole the spotlight.
Investors began the week awaiting earnings reports looking for insight into businesses handling the latest inflation, a jittery consumer, tighter monetary policy, and ongoing supply chain issues. Despite one high-profile earnings disappointment, corporate profits appeared better than expected. By the time trading began on Thursday, 17% of S&P 500 companies had reported, and 81% had beaten Wall Street analysts’ estimates. Investors responded positively, sending share prices higher until Powell’s comments on Thursday afternoon triggered selling into the day’s close and accelerated through Friday.
Powell Unnerves Markets
On Thursday, at an event hosted by the International Monetary Fund, the Fed Chair offered his view that it may be appropriate to …

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Market Update: April 18, 2022-Earnings Season Begins, Plus SFG News and Events


Table of Contents



Fed Signals More Aggressive Action on Interest Rates


Food for Thought


Tax Tips


Healthy Living


Weekly Riddle


Photo of the Week


Earnings Season Begins

Stocks posted losses in a holiday-shortened trading week as the first-quarter earnings season kicked off and investors digested new inflation data. The Dow Jones Industrial Average declined 0.78%, while the Standard & Poor’s 500 fell 2.13%. The Nasdaq Composite index dropped 2.63% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, lost 1.20%.

Watching Bonds
Stocks began the week moving lower as bond yields climbed higher, with growth stocks suffering some of the steepest declines. Investors considered China’s ongoing lockdown warily, worried it might worsen supply-chain issues.
Historically high consumer and producer price inflation reports were shrugged off by the stock and bond markets in the main, with bond yields slipping despite the hot inflation numbers. Despite an encouraging start to the first-quarter earnings season, stocks pulled back on Friday as bond yields resumed their move higher ahead of a three-day holiday weekend.
An Eye on Inflation
On Tuesday, March’s Consumer Price Index (CPI) report offered little indication that inflation may be moderating, as prices increased 8.5% year-over-year, the fastest pace in 40 years. Core inflation, excluding food and energy prices, recorded a 6.5% jump, the steepest rise since August 1982. One encouraging note was that core inflation showed potential signs of ebbing, posting a monthly increase of 0.3% versus expectations of a 0.5% increase.
The following day, March’s Producer Price Index, a potential insight into future inflation, rose 11.2% year-over-year. A March survey by the National Federation of Independent Business released earlier in the week, indicated that …

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Market Update: April 11, 2022-Fed Signals More Aggressive Action on Interest Rates, Plus SFG News and Events


Table of Contents



Fed Signals More Aggressive Action on Interest Rates


Food for Thought


Tax Tips


Healthy Living


Weekly Riddle


Photo of the Week


Fed Signals More Aggressive Action on Interest Rates

Stock prices fell last week in response to the Fed’s plan to combat inflation, which staked out a more aggressive stance than investors had anticipated. The Dow Jones Industrial Average slipped 0.28%, while the Standard & Poor’s 500 fell 1.27%. The Nasdaq Composite index dropped 3.86% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, slid 2.05%.

Fed Roils Markets
After a positive start to the week, stock prices turned lower on a more hawkish tone from Fed officials. On Tuesday, investors were surprised by comments from Fed governor Lael Brainard, one of the Fed’s more dovish members, who suggested the Fed could take a more aggressive approach with interest rates.
The unease extended into Wednesday when minutes of the last Federal Open Market Committee (FOMC) meeting were released, signaling a potentially faster pace in both interest rate hikes and the wind-down of the Fed’s balance sheet. Yields climbed steadily throughout the week as the bond market digested this new information. Particularly hard hit were high valuation stocks, as reflected in the 4% drop in the Nasdaq.
Fed Minutes
After raising the federal funds rate by 0.25% last month, the minutes from the March FOMC meeting made it clear the Fed is serious about fighting inflation with higher interest rates.
Fed officials indicated they might have hiked rates by a half percentage point in March had it not been for the uncertainty created by the invasion of Ukraine. Multiple Fed officials suggested that …

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Market Update: April 4, 2022-Markets Weigh Menu of Uncertainty, Plus SFG News and Events


Table of Contents



Markets Weigh Menu of Uncertainty


Food for Thought


Tax Tips


Healthy Living


Weekly Riddle


Photo of the Week


Markets Weigh Menu of Uncertainty

Stocks spent last week digesting the sharp gains of previous weeks as investors assessed a tightening yield curve, the war in Ukraine, and an uncertain outlook for economic growth and inflation. The Dow Jones Industrial Average slipped 0.12%, while the Standard & Poor’s 500 was flat (+0.06%). The Nasdaq Composite index led, picking up 0.65% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, rose 1.02%.

Stocks Pause
Stock prices bounced around following strong gains in two previous weeks as money managers appeared to reposition their portfolios ahead of the first-quarter close. Oil was under pressure all week as prices fell on news that Shanghai imposed a strict lockdown due to COVID infections. President Biden announced a sustained release of oil from the country’s strategic petroleum reserve.
Bond yields reversed their recent climb. The flattening in the yield curve triggered some concerns about economic growth and the possibility of a recession.

Labor Market
With economic growth worries overhanging the market, last week’s employment reports showed continued strong demand for workers. The Job Openings and Labor Turnover Survey reported the number of open positions remained near record highs, with job openings exceeding the number of available workers by a record five million. Afterward, the Automated Data Processing employment report saw private payrolls grow by 455,000 in March, slightly above consensus expectations.
Finally, the government’s monthly jobs report showed that …

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