March 12, 2019 | Economic and Financial Digest

Reduced Policy Risks Defuses Recession Threats

The economy skirted another landmine on February 15 when Congress passed, and President Trump signed, a package of spending bills that funds the government for the rest of the fiscal year which ends September 30. With the growth-impediment of another government shutdown out of the way, the economic expansion should remain on course to become […]

February 19, 2019 | Economic and Financial Digest

It’s Not Just Jobs

Thanks to the government shutdown it will be a while before the data calendar returns to normal. In the meantime, economists, policymakers and investors are flying partially blind. Yet through anecdotal reports, private surveys and hard data available from government agencies that remain open, including the Labor Department and the Federal Reserve, a sense of […]

February 13, 2019 | eFocus @ Legacy

Cutting our Equity Exposure

By: Greg Hansen, CFA, Vice President and Senior Portfolio Manager If you have ever stared at an old-fashioned paper map, trying to figure out exactly where you are so that you can figure out how to get to your destination, you may see some similarities to the recent stock market activity.  Often, map readers get hung […]

January 24, 2019 | Economic and Financial Digest

Bubble, Bubble, Toil, and Trouble

There’s an old adage that Wall Street likes to climb a wall of worry. In the first quarter of 2019, that wall keeps getting higher, resulting in one of the most tumultuous market environments in years. The question is, will that wall come tumbling down or pose a formidable barrier for the economy to surmount […]

January 18, 2019 | eFocus @ Legacy

Born Before 1954? Consider This Social Security Strategy

By: Rachel K. Wolf, Trust Tax and Financial Planning Officer, Legacy Private Trust Company If you or your spouse were born before January 2, 1954, you may still be eligible to take advantage of the restricted application filing strategy for Social Security retirement benefits. The strategy is limited and expires at the end of 2019. […]