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Heritage Financial Advisory Group

Heritage Financial Advisory Group

By Heritage
At Heritage, we believe we can affect positive change in peoples' lives, by helping them use their money as a tool to create a life they love.
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Monday Morning Market Outlook | August 17th, 2020
In this edition of M4, Mike Desepoli discusses 3 things the Heritage team is keeping an eye on this week in the markets in 1 minute or less.
01:13
August 18, 2020
Heritage Quarterly Market Outlook | July 2020 | Lou Desepoli
Lou Desepoli of Heritage Financial Advisory Group provides the quarterly market update and outlook for July 2020.
12:22
July 20, 2020
Heritage Quarterly Market Outlook | July 2020 | Mike Desepoli
Mike Desepoli of Heritage Financial Advisory Group provides the quarterly market update and outlook for July 2020.
13:42
July 20, 2020
Heritage Insider Weekly | May 19th, 2020
The major markets experienced losses last week as US-China tensions and coronavirus concerns were renewed. The tech centric Nasdaq fell about the same as the MSCI Emerging Market index. Meanwhile, the Dow, S&P 500 and MSCI World Indices all fell down in the mid 2% range. The losses were fairly consistent at the sector level with only Healthcare ending in positive territory for the week. Energy suffered the greatest losses but was followed closely by real estate.  The losses in the Energy sector were despite gains made in the GSCI Crude Oil Index totaling 8.63% for the week. It was the GSCI Natural Gas Index that was hit with a loss of 11.9% for the week. Real Estate and Financials both suffered last week as the Mortgage Bankers Association reported  another increase in the weekly mortgage forbearance rate to 7.91% An increase was expected as a new month began and more borrowers requested forbearance on their home loans. Mike Fratantoni, MBA's Chief Economist and Senior Vice President of Research and Industry Technology, said that “FHA and VA borrowers have been most impacted by the job losses thus far, with the share of Ginnie Mae loans in forbearance at almost 11 percent.” The economic instability has cause some to wonder if we might see negative rate in the Fed Funds Rate by next year. Midweek, Fed Chair Jerome Powell squelched the idea of negative interest rate in the U.S. stating, “The committee’s view on negative rates really has not changed. This is not something that we’re looking at.” Finally, on Friday the U.S. Department of Commerce announced plans to restrict Huawei from using American made technology and software in its manufacturing of semiconductors. The rule change is set to go in effect in September. “Despite the Entity List actions the Department took last year, Huawei and its foreign affiliates have stepped-up efforts to undermine these national security-based restrictions through an indigenization effort.  However, that effort is still dependent on U.S. technologies,” said Secretary of Commerce Wilbur Ross. This news echoes last years trade war headlines as the US, along with much of the world, looks to China for explanation for the handling of information and mitigation for the early days of the coronavirus pandemic.
03:04
May 19, 2020
Heritage Insider Weekly | May 11th, 2020
The major markets closed mostly higher with emerging markets being the exception. The greatest gains were in the Nasdaq as the information technology sector was a significant outperformer. But in a pleasant change of pace, all 11 sectors closed the week in the green. And as impressive as the gains were in the IT space, they were shadowed by the gains in Energy. After weeks of turmoil, energy prices significantly recovered last week. The GSCI Crude Oil index added 17.5% by Friday’s close. However, the index is still down -76.42% year to date. This was a similar story for the Unleaded Gasoline Index. Gasoline added 24.45% last week after average nationwide gasoline prices recovered slightly from the 4-year low of $1.655 marked the week of April 27th. As it stands now, the May 11th, reading of $1.75 is still well below the 52-week average of $2.38 a gallon. The week ended with the release of April’s BLS Employment Situation Report. The headline reading of a decline of 20.5 million jobs was in line with the weekly initial jobless claims data being reported by the Department of Labor. As a result, the unemployment rate rose to 14.7%, a level not seen since the Great Depression. One somewhat positive aspect of this report was the number of unemployed persons who reported as being on temporary layoff increased about ten-fold to 18.1 million. In other words, about 80% of the people who are currently on unemployment, only view it as temporary.
02:28
May 19, 2020
Heritage Market Update | April 2020 | Mike Desepoli
Mike Desepoli of Heritage discusses key events we saw in the past quarter, like the Covid 19 pandemic and the ensuing government response, and how we think they'll affect markets over the next few months.
08:31
April 14, 2020
Heritage Market Update | April 2020 | Lou Desepoli
Lou Desepoli of Heritage discusses key events we saw in the past quarter, like the Covid 19 pandemic and the ensuing government response, and how we think they'll affect markets over the next few months. 
07:36
April 14, 2020
Heritage Market Update | February 25th, 2020
Mike Desepoli discusses the Coronavirus and shares his thoughts on how the market will respond.
06:20
February 25, 2020
Our Thoughts on Coronavirus and the Markets
US equity markets have experience downbeat trading activity as investors keep one eye trained on a deadly flu outbreak in China. We discuss what to expect moving forward, and how markets behaved during past viral outbreaks.
05:09
January 27, 2020
Heritage Market Update for January 2020 | Lou Desepoli
With the close of one year and the beginning of another, it's a great time for us to quickly update you on the markets. Check out Heritage Market Insights below as we discuss the following: Recap of the markets in 2019 Update on the economy A few things we are watching closely Discuss our current portfolio strategy
07:59
January 16, 2020
Heritage Market Update for January 2020 | Mike Desepoli
With the close of one year and the beginning of another, it's a great time for us to quickly update you on the markets. Check out Heritage Market Insights below as we discuss the following: Recap of the markets in 2019 Update on the economy A few things we are watching closely Discuss our current portfolio strategy
06:15
January 16, 2020
Heritage Insider Weekly | New Year's Eve Edition
Investors had a lot to be thankful for last week as the major markets traded to fresh all-time highs. The Nasdaq gave the markets a belated Christmas gift on Thursday as it crossed the threshold of 9000 for the first time.  There was a reported increase in retail sales this holiday season, and that was buttressed by the SpendingPulse report from MasterCard which reported a 3.4% year over year increase, excluding autos. Online Sales grew even more with an increase of 18.8% compared to last year.  The late Thanksgiving holiday was highlighted as a factor in retail stores utilizing discounts and sales earlier in the season to recoup lost gift buying time in brick and mortar stores.  With only hours of trading left in 2019, overall, the markets look to record one of the better returns in history. As we look forward to 2020, we’d like to wish you a Happy New Year.
02:06
December 31, 2019
Heritage Insider Weekly | November 19th, 2019
The Major Markets closed mostly higher as the Nasdaq, Dow Jones, and S&P 500 all closed higher with each seeing new all-time highs last week.    Furthermore, the S&P 500 traded over 3100 for the first time ever on Tuesday, followed by the Dow crossing over 28,000 for the first time on Friday.
02:18
November 20, 2019
Heritage Insider Weekly | November 5th, 2019
Markets saw new heights last week as the S&P 500 and the NASDAQ both registered all-time new highs.  The weekly gains were fueled by a plethora of earnings, economic reports, Fed action, and general geopolitical optimism. 3rd quarter earnings continue to be reported over the next couple of weeks, with the greatest number to be released this week. As it stands, roughly three fourths of the S&P 500 earnings have been released with three quarters of those firms beating expectations.
02:29
November 8, 2019
Heritage Market Update October 2019 | Lou Desepoli
Welcome to the 4th quarter.  It's time for us to quickly update you on the markets.  Check out Heritage Market Insights below as we discuss the following: Markets post strong gains through 9 months. Federal Reserve moves to cut interest rates. Trade Deja-vu? China delegates converge on Washington DC this week as trade talks resume.
07:07
October 9, 2019
Heritage Market Update October 2019 | Mike Desepoli
Welcome to the 4th quarter.  It's time for us to quickly update you on the markets.  Check out Heritage Market Insights below as we discuss the following: Markets post strong gains through 9 months. Federal Reserve moves to cut interest rates. Trade Deja-vu? China delegates converge on Washington DC this week as trade talks resume.
06:13
October 9, 2019
Heritage Insider Weekly | October 1st, 2019
Markets were slightly lower last week as a phone call between President Trump and the President of Ukraine came into focus, and the house launched an impeachment inquiry.
02:46
October 2, 2019
Heritage Insider Weekly | August 28th, 2019
It may be the end of August, but don't tell that to the stock market. Tensions ratcheted back up last week with the US and China exchanging in a tit for tat tariff escalation. Simultaneously, Jerome Powell was giving his annual Jackson Hole speech about the future path of interest rates. What does it all mean for the markets? Check out this week's Heritage Insider. 
03:49
August 29, 2019
Heritage Insider Weekly | August 20th, 2019
 Stock volatility, the protests in Hong Kong, and possible more interest rate cuts? We break it all down in this week's Heritage Insider. 
03:35
August 20, 2019
Heritage Insider Weekly | August 13th, 2019
 The US took their shot, and China responded. How will it all play out in trade negotiations? Check out this week's Heritage Insider to find out. 
02:40
August 13, 2019
Tweets, Trade & and Tariffs | Heritage Insider Weekly 8/5/19
It's been a busy and volatile week for the markets, and it all comes down to the Four T's. Trade, Tweets, Tariffs, and Trump. We break down all the action and more on this week's Heritage Insider Weekly.
03:13
August 6, 2019
Heritage Insider Weekly - July 8th, 2019
Here is everything you need to know in the markets for the week of July 8th, 2019. 
03:23
July 17, 2019
Heritage Insider Weekly | June 17th, 2019
Here's what's happening in the markets for the week of June 17th, 2019.
02:17
June 18, 2019
Heritage Insider Weekly - June 3rd 2019
Join us as we take you through this week in the markets. 
02:41
June 5, 2019
Tweets, Tariffs, and Trade
What do Tweets, Tariffs, and Trade have in common? They are creating for a pretty bumpy ride so far this month in financial markets. Tune in for our thoughts on how to keep calm and invest on.
07:10
May 30, 2019
Down But Not Out
The anxiety many investors are currently feeling is certainly palpable, but Mike Desepoli discusses how in times like these discipline and nerves of steel are more important than ever. Markets may be down, but they are certainly not out. Good times will come again for those who can manage to keep calm, and invest on. Take a listen.
11:05
December 20, 2018
Lou and Mike Desepoli discuss the recent turbulence in the stock market.
October was a rough month for stocks, but the future is still bright. Lou and Mike Desepoli break down where they see opportunity, and what comes next for markets.
05:09
November 1, 2018
Special Market Update 10/10/2018
The DOW finished the day down 832 points. Mike walks you through what comes next.
06:02
October 10, 2018
Quarterly Strategy Update | Lou Desepoli | October 2018
Join Lou Desepoli for a quarterly strategy update.
07:58
October 9, 2018
Quarterly Strategy Update | Mike Desepoli | October 2018
Join Mike Desepoli for a quarterly update as he discusses the economy, markets, headwinds, and what’s to come for the 4th quarter of 2018.
09:03
October 8, 2018
Consumer sentiment on the rise
Recent consumer sentiment reports indicate that Americans consumers are feeling very optimistic about their economic prospects, so optimistic that their enthusiasm is at it’s highest level since 2004. What does it all mean for the markets? Tune in to find out!
05:47
September 20, 2018
Remember: Volatility is Normal
Major US stock market indices climbed into record territory during August, but gave back some of their gains last week as the trump administration ratcheted up its trade rhetoric on China. We discuss what it all means.
04:38
September 10, 2018
US and Mexico Reach New Trade Deal
President Donald Trump said Monday that the United States and Mexico have an agreement in place paving the way for revisions to the North American free trade agreement.
03:44
August 28, 2018
Missed it by THAT much
After a rocky start, the SP500 came within 1% of an all time high last week. Will it finally break out to new highs?
04:51
August 21, 2018
Chaos in Turkey
So how did Turkey, a country that accounts for just 1.4 percent of the world’s economy spark a global sell off last week? Tune in to find out.
03:38
August 13, 2018