After an intense hours-long meltdown Monday, stocks closed higher in a last minute, stunning comeback. At one point, the Dow shed over 1,000 points, the tech-heavy Nasdaq was down close to 5% and inching toward correction territory, and the S&P 500 […]
Cheddar News Interview Philip Palumbo, Founder, CEO, and CIO at Palumbo Wealth Management, joined Wake Up With Cheddar to break down what’s moving the markets ahead of a huge week of tech earnings. Watch Here
Bloomberg Radio Podcast Philip Palumbo, founder, CEO and Chief Investment Officer for Palumbo Wealth Management talks markets. Hosted by Paul Sweeney and Kailey Leinz. (Phil’s segment begins at the 19:14 minute mark) Listen
Taxes Are Headed Higher – Why You Shouldn’t Worry Past tax increases have NOT been associated with slower economic growth or a weaker stock market. The effects of infrastructure spending will serve as an economic offset to tax increases. The final result is expected to be watered down form Biden’s aspirational proposal. Even the slimmest […]
Markets Are Fickle – BofA Fund Manager Survey Perceived risks are shifting away from interest rates and inflation. The latest concern is ‘Peak Economic Growth’ implying that things can’t get much better. When all the experts and forecasts agree – something else is going to happen. The time to re-balance portfolios is approaching. Last week […]
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Palumbo Wealth Management is a CLIENT-FIRST, private wealth management boutique firm focused on serving the financial needs of a select group of families and individuals as their personal chief financial officer (CFO). The hallmark of Palumbo Wealth Management is PARTNERING TO ACHIEVE PEACE OF MIND.