As the economy has grown, so has household debt. Data tracked by the Federal Reserve shows that debt held by U.S. households rose to over $14 trillion in the fourth quarter of 2019, the highest level ever. Mortgage debt rose as a continued low-rate environment fostered refinances and new loans at near-record low interest rates. […]
The most recent data from the Federal Reserve identified an increase in the savings rate to 7.7% of disposable personal income as of December 2019. Some economists view this increase as a possible pause in economic growth until consumers feel more confident about spending. The Federal Reserve defines the personal savings rate as a percentage […]
The abrupt drop in interest rates has brought about a boost to the housing market in the form of lower mortgage rates. The rate for a conforming 30-year loan fell to 3.45% at the end of February, nearly a full percentage point from a year earlier. Falling interest rates have prompted an increase in mortgage […]
Family size is shrinking in the U.S., with only 2.52 members per household on average in 2019, making it the smallest size ever in the country’s history. Historical data tracked by the U.S. Census Bureau showed an average family size of 5 in 1880, double by today’s standards. The decline in family size is believed […]
Outbreak Cost As a gauge of how a virus can affect the U.S. economy, the National Center for Biotechnology Information monitors and tracks the economic costs related to the influenza virus every year. The estimated average annual total economic burden of influenza, also known as the flu, to the healthcare system and society stands at […]
The global spread of the coronavirus has affected consumers in countries across the globe, curtailing demand for products mainly manufactured in China. It is expected that as worldwide demand for Chinese products decreases, the country’s largest economic sector, manufacturing, will slow, hindering the country’s economic growth. Based on 2019 data, the top five economies in […]
Over the decades, pandemics have evolved and lasted for varying periods of time, but always conclude with the containment and/or elimination of a virus. It is likely that history will repeat itself and a vaccine will eventually emerge to combat the new coronavirus disease (COVID-19), thus alleviating the threat of further immediate contamination. While modern […]
March Market Performance As the novel coronavirus disease (COVID-19) evolved from outbreak to epidemic to pandemic in March, the stock market has cratered, dropping into a bear market in a matter of weeks as financial markets attempt to come to grips with the new economic and social reality. The disruptions of COVID-19 to daily life […]
February Markets Performance It is easy to forget that at this time last month the stock market was still making new all-time highs. It has only taken a few weeks for the decade-plus bull run to hit bear market levels, highlighting just how unprepared the world has been for the novel coronavirus disease (COVID-19) pandemic. […]
Equity Market Pullback February saw stock valuations retreat to their levels around the middle of last year as concerns around the new coronavirus disease (COVID-19) grew. Some analysts believe that the pullback has helped identify several overvalued stocks. Valuations are considered to be more in line with historical standards relative to where they were at […]
The risk of loss in trading commodities can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. The high degree of leverage that is often obtainable in commodity trading can work against you as well as for you. The use of leverage can lead to large losses as well as gains. In some cases, managed commodity accounts are subject to substantial charges for management and advisory fees. It may be necessary for those accounts that are subject to these charges to make substantial trading profits to avoid depletion or exhaustion of their assets.
The disclosure document contains a complete description of the principal risk factors and each fee to be charged to your account by the Commodity Trading Advisor ("CTA"). The regulations of the Commodity Futures Trading Commission ("CFTC") require that prospective clients of a CTA receive a disclosure document when they are solicited to enter into an agreement whereby the CTA will direct or guide the client's commodity interest trading and that certain risk factors be highlighted. This document is readily accessible at this site. This brief statement cannot disclose all of the risks and other significant aspects of the commodity markets. Therefore, you should proceed directly to the disclosure document and study it carefully to determine whether such trading is appropriate for you in light of your financial condition.
You are encouraged to access the disclosure document by clicking below. You will not incur any additional charges by accessing the disclosure document. You may also request delivery of a hard copy of the disclosure document, which also will be provided to you at no cost. The CFTC has not passed upon the merits of participating in this trading program nor on the adequacy or accuracy of the disclosure document.
We are required to provide other disclosure statements to you before a commodity account may be opened for you. Please acknowledge your understanding of the above statement by clicking the button below. You may then continue to view the site.