Murphy's Market Minute August 5th | Economic Trends, Presidential Indictment, Mortgage Rates
4m
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OWLFI Productions
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Welcome back to another edition of Murphy's Market Minute! After spending some quality family time, we return this week to catch up on all things market-related, including political insights, economic data, and updates on OWLFI. Reflecting on the U.S. economy, Elliot discusses the recent indictment of the former president and Fitch's downgrade, exploring how these events have influenced the market. Other topics include the surprising climb in mortgage rates and a strong jobs report. Elliot gets into the wild week in the market, highlighting a decrease in people's retirement assets due to inflation, but also sharing an optimistic outlook with a strong GDP tick and reduced recession chances. Providing an update on the current market scene, Elliot takes a deep dive into the reduction of spending power in American households and the continued strength of hiring. He wraps up with a message inviting any questions and thoughts. Murphy's Market Minute is a weekly production from OWLFI featuring Elliot Omanson and his service dog Rip. These videos cover the latest market news and trends for our clients and their portfolios. In addition, you will find Elliot giving actionable tips and advice on investments, taxes, estate planning, retirement, and business solutions, all tying back to the strategic plans OWLFI offers. Our specialties create powerful differences in tax savings, investments, and income strategies through the way we allocate your current and future assets and income streams. We achieve these goals while reducing the overall risk of their portfolios.
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