11 min
Murphy's Market Minute March 10th | Update on the Market and a Special Guest OWLFI Productions
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- Investing
https://nypost.com/2023/03/05/a-bull-...
Welcome to this week's edition of Murphy's Market Minute with your host, Elliot Omanson. Today is March 10th, and as always, Elliot is here to provide you with a quick and concise update on the current state of the market.
Before we dive into the market update, Elliot has some exciting news to share. He reveals that it's going to be his 21st anniversary in seven days, but he's going to celebrate it by leaving his wife in Kansas and going to Florida. Of course, he's just kidding and will be celebrating with his wife this weekend.
Today's episode has a special guest, Cherie, who is new to OWLFI but not new to Elliot. Cherie's son and Elliot's son have been friends for almost a decade, and they've talked for about six months. Elliot is thrilled to bring someone with the skill sets he needs onto his team, and they will discuss Cherie's role at OWLFI later in the video.
Elliot then moves on to the market update, and unfortunately, it's not good news. The market is down due to the Fed talking about persistent inflation, and the odds of them being able to create a soft landing are becoming less and less. The White House has announced a slew of taxes to help slow the economy down and bring inflation under control even quicker.
However, Elliot is not all doom and gloom and has an exciting article to share. It's from a guy named Ken Fisher, who is famous for trashing annuities while owning an 86-million-dollar stake in an annuity company. Ten years later, he wrote an excellent article titled "A bull market is in full swing, and most of us are in denial." Elliot is excited about this article because it highlights what he's been saying all along that the market has been on an upward trend for the past few months, and it's time to invest in it.
Elliot goes on to explain how the market had a great start to the year, but towards the end of February, it shed about half of what it had gained due to the end-of-the-year bump. However, it gained some traction in March but has been struggling to keep it going since then. Ken Fisher talks about how it's been four months since the stock market began its recovery and all the excuses as to why it's not a real bull market from the Fed and its rate hikes, inflation, recession, Chinese high balloons, and more.
Elliot believes that this is a time to invest in the market, and he's confident that Cherie's skill sets will help his team navigate the market better. He's excited to see what the future holds for OWLFI and his team.
That's it for this week's edition of Murphy's Market Minute. Don't forget to subscribe to our channel for more updates, and we'll see you next week!
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. These strategies allow us to help our clients generate significantly more income in retirement. We achieve these goals while reducing the overall risk of their portfolios.
https://nypost.com/2023/03/05/a-bull-...
Welcome to this week's edition of Murphy's Market Minute with your host, Elliot Omanson. Today is March 10th, and as always, Elliot is here to provide you with a quick and concise update on the current state of the market.
Before we dive into the market update, Elliot has some exciting news to share. He reveals that it's going to be his 21st anniversary in seven days, but he's going to celebrate it by leaving his wife in Kansas and going to Florida. Of course, he's just kidding and will be celebrating with his wife this weekend.
Today's episode has a special guest, Cherie, who is new to OWLFI but not new to Elliot. Cherie's son and Elliot's son have been friends for almost a decade, and they've talked for about six months. Elliot is thrilled to bring someone with the skill sets he needs onto his team, and they will discuss Cherie's role at OWLFI later in the video.
Elliot then moves on to the market update, and unfortunately, it's not good news. The market is down due to the Fed talking about persistent inflation, and the odds of them being able to create a soft landing are becoming less and less. The White House has announced a slew of taxes to help slow the economy down and bring inflation under control even quicker.
However, Elliot is not all doom and gloom and has an exciting article to share. It's from a guy named Ken Fisher, who is famous for trashing annuities while owning an 86-million-dollar stake in an annuity company. Ten years later, he wrote an excellent article titled "A bull market is in full swing, and most of us are in denial." Elliot is excited about this article because it highlights what he's been saying all along that the market has been on an upward trend for the past few months, and it's time to invest in it.
Elliot goes on to explain how the market had a great start to the year, but towards the end of February, it shed about half of what it had gained due to the end-of-the-year bump. However, it gained some traction in March but has been struggling to keep it going since then. Ken Fisher talks about how it's been four months since the stock market began its recovery and all the excuses as to why it's not a real bull market from the Fed and its rate hikes, inflation, recession, Chinese high balloons, and more.
Elliot believes that this is a time to invest in the market, and he's confident that Cherie's skill sets will help his team navigate the market better. He's excited to see what the future holds for OWLFI and his team.
That's it for this week's edition of Murphy's Market Minute. Don't forget to subscribe to our channel for more updates, and we'll see you next week!
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. These strategies allow us to help our clients generate significantly more income in retirement. We achieve these goals while reducing the overall risk of their portfolios.
11 min