2 Question Tuesday Presented by Focused Wealth Management

Phil, Mike, and Larry break down why the yield on the 10-year U.S. Treasury bond has fallen from its high near 3.5% to 2.8% today, even as the Federal Reserve is expected to raise interest rates 75 basis points at its next meeting. They then forecast what the stock market will do after the Fed rate hike and the rest of the year. Submit your questions to question@2questiontuesday.com As always, if...

Phil, Mike, and Larry break down the first wave of this quarter’s earnings results and give their view on what’s going on in the economy. They then try to determine if the stock market has hit bottom and where the investing opportunities are at the moment. Submit your questions to question@2questiontuesday.com As always, if you have any questions at any time, please feel free to call your adviser...

Phil, Mike, and Larry review the strength in the US dollar and outline the global economic implications this has. They also take a look and review their outlook and the changing dynamics of the housing market. Submit your questions to question@2questiontuesday.com As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

Phil, Mike, and Larry provide an update on European inflation and economic trends. They follow up with a review of last week’s economic data in the US which includes 2nd quarter GDP pushing deeper into negative territory. Submit your questions to question@2questiontuesday.com As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

Phil, Mike, and Larry provide their opinion on when banks will start to increase their rate of deposits in the midst of the Fed rate hiking cycle. They then provide some insight into their call from May 3rd that the US economy is already in a recession and how to navigate this volatility. Submit your questions to question@2questiontuesday.com As always, if you have any questions at any time, pleas...

Phil, Mike, and Larry provide their opinion on the current state of markets and Fed credibility in response to comments made by Allianz Chief Economic Adviser Mohamed El-Erian. They also break down RMD planning options in the face of elevated market volatility. Submit your questions to question@2questiontuesday.com As always, if you have any questions at any time, please feel free to call your adv...

This week segment covers: –The inflation surge and what to do  –Expected Fed rate increases –Will we see see a 75 basis point raise? –Bond market buying opportunities with yields crossing 3% Submit your questions to question@2questiontuesday.com As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

Phil, Mike, and Larry address both the economic and market impact likely felt by the Fed’s quantitative tightening program. They also evaluate recent write-downs in private equity valuations and give their outlook on the space. Submit your questions to question@2questiontuesday.com As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

Phil, Mike, and Larry review their thoughts on the forward outlook in employment trends at this point of the economic cycle. They also provide a final update on corporate profits as the earnings reporting season draws to a close by highlighting a few positive anecdotes that jumped out at them during Q1 earnings. Submit your questions to question@2questiontuesday.com As always, if you have any ques...

Phil, Mike, and Larry evaluate tactical portfolio decisions to make in extremely volatile time periods such as this. They also give some basic personal finance recommendations to consider in a slowing economic environment. Submit your questions to question@2questiontuesday.com As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

Phil, Mike, and Larry give their opinion on whether last week’s selling will ultimately mark the bottom for the major averages. They also look at the Fed’s policy of reducing the balance sheet and how that could impact the economy and asset prices. Submit your questions to question@2questiontuesday.com As always, if you have any questions at any time, please feel free to call your adviser directly...

Phil, Mike, and Larry break down the implications of last week's Fed rate hike and the market's response to the Fed's actions. They also look ahead to tomorrow's inflation report to break down what to expect and what to do with portfolios. Submit your questions to question@2questiontuesday.com As always, if you have any questions at any time, please feel free to call your advis...

Phil, Mike, and Larry take a look at the most important economic data points to evaluate whether we are entering a recession. They also touch on what this means for various asset classes. Secondly, they review the recent volatility through the lens of the financial planning process and what this means for investor portfolios in this particularly difficult time period. Submit your questions to ques...

This week Phil, Mike, and Larry lay out their greatest concern for both stocks and bonds at this juncture. They then look at various performance of assets to determine if there is anywhere to hide in an environment with a hawkish Fed and elevated inflation. Submit your questions to question@2questiontuesday.com As always, if you have any questions at any time, please feel free to call your adviser...

Phil, Mike, and Larry look at private equity as an asset class and their long-term outlook on that investment sector. They also look at the March inflation report and discuss the best asset classes in which to allocate capital in the face of rising inflation. Submit your questions to question@2questiontuesday.com As always, if you have any questions at any time, please feel free to call your advis...

Bank stocks have underperformed the S&P 500 as of late. Phil, Mike, and Larry provide their explanation of variables behind this. They also give an outlook on sustainable energy sources as an investment opportunity with oil prices on the rise. Submit your questions to question@2questiontuesday.com As always, if you have any questions at any time, please feel free to call your adviser directly...

Phil, Mike, and Larry take a look at the path of interest rates and what changes, if any, fixed income investors should consider amidst recent bond market volatility. They also provide their opinion on the state of the housing market and whether REITS and homebuilders are attractive asset classes. Submit your questions to question@2questiontuesday.com As always, if you have any questions at any ti...

Phil, Mike, and Larry look at various technical market indicators and provide an updated outlook on specific sectors of the market and the economy. They also discuss their outlook on bonds and how they’d think about managing volatility in fixed income portfolios given the sharp rise in interest rates. Submit your questions to question@2questiontuesday.com As always, if you have any questions at an...

Special Guest Congressman Sean Patrick Maloney joins Phil, Mike, and Larry to discuss the ongoing situation and response to the conflict between Ukraine and Russia. They touch on a number of relevant topics including, sanctions, agriculture, infrastructure, and cybersecurity. Submit your questions to question@2questiontuesday.com As always, if you have any questions at any time, please feel free t...

Phil, Mike and special guest host Lawrence Carrel discuss the yield curve and other economic indicators to assess the overall outlook. Could we see a recession on the horizon? They also touch on the ramifications for the global economy if Russia enters a depression. Submit your questions to question@2questiontuesday.com As always, if you have any questions at any time, please feel free to call you...

Phil, Mike and special guest host Lawrence Carrel look at the net Russian exposure in ETF’s and assess the underlying prospects for the Russian economy. They also look at sanctions placed on Russia to identify if any opportunities exist in agricultural markets. Submit your questions to question@2questiontuesday.com As always, if you have any questions at any time, please feel free to call your adv...

Phil, Mike and special guest host Lawrence Carrel address the ongoing conflict in Ukraine and how that impacts risk assets and investment portfolios. They also review the outlook for European equities and whether prospects have changed in light of recent circumstances. Submit your questions to question@2questiontuesday.com As always, if you have any questions at any time, please feel free to call...

Phil, Mike and special guest host Lawrence Carrel address the ongoing conflict between Russia and Ukraine. They touch what impact it has on stocks, bonds, and energy prices. They also look at the dividend yield of the S&P 500 relative to the 10 year treasury to assess if any opportunities exist between the two asset classes. Submit your questions to question@2questiontuesday.com As always, if...

Phil, Mike and special guest host Lawrence Carrel break down the recent inflation reading and evaluate what contributed to the additional increase. They provide their opinion on what adjustments can be made in bond portfolios as inflation contributes to a jump in rates. With gas prices on the rise, they look into the EV space and provide their thoughts on how to invest in that space. Submit your q...

Phil, Mike and special guest host Lawrence Carrel take a look at the earnings from Facebook (Meta) and provide their insights after the company set the record for the largest loss of market cap in a single day ever following disappoint results. They also shed light on Amazon’s results. Finally they evaluate the recent rise in interest rates by attempting to evaluate how much higher rates could pos...