Will we have a Coronavirus recession

We wanted to share a piece with you that was written by FirstTrust. We think their comments about how various virus's have impacted the markets over the years are worth considering. Please call or email us with any questions. Sincerely, Fortem Financialwww.fortemfin.com(760) 206-8500     Latest News Will We Have a Corona Virus Recession Read Story   … View More

The latest contagion is FEAR

The latest news on the coronavirus and the Super Tuesday primaries caused wild market gyrations last week. Joe Biden’s unexpected primary wins gave him a delegate lead over Bernie Sanders. The coronavirus, however, overtook the Super Tuesday results. China reported a slowing rate of new cases (99 new cases reported on March 6th) for a total of 80,651. Globally, the case count rose to 101,927 with 3,488 deaths. Strategies to contain the virus have led to school closings, work-from-home policies… View More

Today's selloff is oil - not Coronavirus

Last week OPEC and Russia met to discuss cutting oil production by 1.5 million barrels per day; a move in response to slowing demand due to the Coronavirus outbreak in China. Russia decided NOT to participate in the cut, and in response, OPEC has "declared a price war" on Russia and has flooded the market with oil, increasing its production and causing a sharp drop in the price of oil (-30%). Historically, oil has been a proxy for the overall condition of the economy and stock market. This made… View More

Fed Cuts An Aggressive -50 BPs Unanimously

The Fed decided to make an inter-meeting move and cut rates -50bp today. The size of the move, as well as the emergency decision, fit with a desire to respond forcibly to evolving market conditions. The FOMC statement read “the coronavirus poses evolving risks to economic activity. In light of these risks and in support of achieving its maximum employment and price stability goals, the Federal Open Market Committee decided today to lower the target range for the federal funds rate by 1/2 perce… View More

Trying to explain a week we would like to forget in the markets

The equity markets tumbled last week on coronavirus fears; despite a late-Friday rally, all of the major indices fell more than 10% last week into correction territory. The worst performer, the Dow Jones Industrial Average, lost a record 3,500+ points (-12.36%), followed by the Russell 2000® Index (-12.04%), the S&P 500® Index (-11.49%) and the Nasdaq (-10.54%). The S&P 500® posted its worst weekly performance since the financial crisis. The decline from the Index’s record high on F… View More

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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.

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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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