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Perspectives

Is this the start of stagflation like we saw in the 70’s?

by Fortem Financial September 27, 2021

Global supply chain struggles have persisted in 3Q, and look set to linger for at least several more quarters. Energy prices have surged in Europe, and transportation issues are creating petrol lines in the U.K. Data from China have shown notable disruptions, though fears of financial contagion came and went quickly last week. “U.S. shipping operations remain clogged as ports, truckers and warehouses can’t find enough workers or agree on 24/7 operations … Tens of thousands of containers a… View More

They call it a Black Swan for a reason

by Fortem Financial September 20, 2021

A black swan event in the investment world is an extremely negative and usually hard to predict event; "Evergrande" has been labeled by some as just such an event. It is the latest event in China to affect the US and global markets. Many US investment banks like Morgan Stanley, Goldman Sachs, and Bank of America Merrill Lynch have exposure to “Evergrande”, and their stocks are paying for it today. These companies represent more than 120 points of the loss on the Dow Jones Industrial average … View More

Update on Washington's proposed spending

by Fortem Financial September 14, 2021

BREAKING DOWN THE MAJOR SPENDING PROVISIONS IN THE RECONCILIATION BILL We thought you might appreciate seeing a summary of some of the provisions in the budget bill now being considered in Washington. This is a very large bill, and amazingly, if Congress keeps to its schedule they will have presented, considered, amended, and voted on it in less than 30 days. Because this bill is so large in size and broad in scope, we believe it will affect many parts of the economy. We believe it may also hav… View More

FIRST LOOK AT THE HOUSE TAX INCREASE PROPOSAL

by Fortem Financial September 13, 2021

Over the weekend Congress continued to work on the budget proposal and its accompanying tax increases. It looks like reconciliation will be used to pass them. On Saturday, the House Ways and Means Committee released 650 pages of legislative text for renewable energy, social safety nets, infrastructure bonding, and health care proposals. Yesterday, we saw the unofficial, initial outline of the House plan for tax increases, which contained roughly $2 trillion in new/additional taxes. The proposal… View More

Is The Economy starting to show signs of slowing?

by Fortem Financial September 7, 2021

The stagflation scare continues. Economic bottlenecks are lasting longer than expected. There have been new disruptions in the third quarter (eg, harsh weather, new auto plant shutdowns). The Conference Board measure of consumer confidence fell in August. U.S. vehicle sales plunged again to a 13.1 million SAAR. We’re lowering our forecast for U.S. real GDP growth in the third quarter to 2% q/q A.R. from 4.8% previously. We’re relying on inventory rebuilding to contribute to growth, as consum… View More

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PRIVACY NOTICE REGARDING CLIENT PRIVACY

Fortem Financial Group, LLC, has adopted this policy with recognition that protecting the privacy and security of the non-public personal information we obtain about our customers is an important responsibility.

All financial companies choose how they share your non-public personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your non-public personal information. Even when you are no longer our customer, we will only share your non-public personal information as described in this notice. So, please read this notice carefully to understand what we do.

The types of non-public personal information we collect and share depend on the product or service you have with us. This information can include items such as your Social Security number and income, your account balances and transaction history, and your investment experience and account transactions.

We collect your non-public personal information in a variety of ways. For example, we obtain your non-public personal information when you open an account or give us your income information, tell us about your portfolio or deposit money, or enter into an investment advisory contract. We also collect your non-public personal information from other companies. For example, from the custodians who hold your account assets.

All financial companies need to share customer’s non-public personal information to run their everyday business. Below, we describe the reasons we can share your non-public personal information and whether you can limit this sharing.

We share your non-public personal information for our everyday business purposes such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, report to credit bureaus, to protect the confidentiality or security of your records, or as permitted by law. We may also share your non-public personal information for our own firm’s marketing purposes; so that we can offer our products and services to you.

Federal law gives you the right to limit only sharing non-public personal information about your credit worthiness for our affiliates’ everyday business purposes; sharing non-public personal information about you with our affiliates to market to you; and sharing non-public personal information with non-affiliates to market to you.

We don’t share non-public personal information about your creditworthiness with our affiliates for their everyday business purposes. We don’t share your non-public personal information with our affiliates to market to you. We don’t share your non-public personal information with non-affiliates to market to you. We also don’t share your non-public personal information for joint marketing with other financial companies. State laws and individual companies may give you additional rights to limit sharing.

We share non-public personal information with our parent company affiliate, Focus Financial Partners, Inc, for its internal and external auditing purposes. We also share your non-public personal information with a non-affiliate for the purpose of aggregating it and providing summary information based on this data to our parent company, Focus Financial Partners, Inc.

To protect your non-public personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings.

Our policy about obtaining and disclosing non-public personal information may change from time to time. We will provide you notice of any material change to this policy before we implement the change.

If you have questions please call us at 760-206-8500 or go to our website at www.fortemfin.com.

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Fortem Financial Group, LLC ("Fortem Financial" or the "Firm") is a federally registered investment adviser with offices in California and Arizona. Fortem Financial and its representatives are in compliance with the current registration and notice filing requirements imposed upon federally registered investment advisers by those states in which Fortem Financial maintains clients. Fortem Financial may only transact business in those states in which it is notice filed, or qualifies for an exemption or exclusion from notice filing requirements.

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