Phil, Mike, and Larry discuss why Phil and Mike are wearing ties and what FEMU is, the firm, economic and market update. They then talk about why regional banks fell on Thursday, bank fraud, what are non-depository financial institutions, or NDFIs, and will we see something similar to the bank crisis in 2023. Submit your questions to question@2questiontuesday.com As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

Phil, Mike, and Larry discuss the bankruptcy of auto supplier First Brands, which owes $10 billion to some of Wall Street’s biggest names, the risks and lack of transparency in its deals, and if this will affect the financial markets. They then talk about why the market took a dive on Friday and if this downward trend will continue. Submit your questions to question@2questiontuesday.com As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 6...

Phil, Mike, and Larry discuss why the market is rallying after the government shut down started. They then talk about how gold and stocks are not usually correlated, and what it means that they are both rallying together. Submit your questions to question@2questiontuesday.com As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

Phil, Mike, and Larry discuss the new $100,000 fee to apply for H-1B visas, which are required in many industries to allow foreigners to fill temporary jobs, especially in technology, and how this will affect the tech sector. They then talk about how the market will react if we have a government shutdown combined with mass governmental firings. Submit your questions to question@2questiontuesday.com As always, if you have any questions at any time, please feel free to call your adviser directl...

Phil, Mike, and Larry talk about how the One Big Beautiful Bill Act will change the way practitioners use estate-planning strategies. They then discuss the stock market hitting all-time highs, September being the worst performing month, on average, going back nearly a century, and whether Focused Wealth Management is hedging client portfolios. Submit your questions to question@2questiontuesday.com As always, if you have any questions at any time, please feel free to call your adviser directly...

Phil, Mike, and Larry talk about the latest jobless report, which came in higher than expected, and how this will affect the Federal Reserve’s decision on rate cuts at this week’s meeting. They then discuss the rally in gold, pushing the precious metal to all-time high,s and what this means for the economy Submit your questions to question@2questiontuesday.com As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

Phil, Mike, and Larry talk about how big of an interest rate cut the market expects from the Federal Reserve at its next meeting. They then discuss what to do about your fixed income portfolio before the Fed cuts rates. Submit your questions to question@2questiontuesday.com As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

Phil, Mike, and Larry talk about Friday’s ruling by the U.S. Court of Appeals for the Federal Circuit that President Trump overstepped his presidential authority when he imposed levies on virtually every country in the world and what happens now in the market and economy. They then talk about Federal Reserve Board Governor Lisa Cook who sued to challenge her removal by President Trump, whether she’ll be able to vote on interest rates at the September meeting, and how will this affect the inde...

Phil, Mike, and Larry talk about Friday’s rally in the stock market which saw the Dow Jones Industrial average soar 1.9% and the S&P 500 surge 1.5%. They then discuss the falling dollar and how this can help investor portfolios. Submit your questions to question@2questiontuesday.com As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

Phil, Mike, and Larry talk about how 91% of fund managers think U.S. stocks are too expensive, the highest number since 2001. They then discuss defensive and bearish signals in the market and what the firm is doing to hedge investors’ portfolios. Submit your questions to question@2questiontuesday.com As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

Phil, Mike, and Larry talk about how Wall Street strategists think the U.S. economy is moving toward stagflation while the consumer price index rose less than expected last month despite the tariffs. They then discuss why the market is ignoring the tariff news and continuing to rise. Submit your questions to question@2questiontuesday.com As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

Phil, Mike, and Larry talk about last week’s jobs report, the big downward revision for the two previous months, and what this means for the economy. They then discuss President Trump firing the commissioner of the Bureau of Labor Statistics after the bad jobs report and what this means going forward. Can the market still trust these numbers? Submit your questions to question@2questiontuesday.com As always, if you have any questions at any time, please feel free to call your adviser directly ...

Phil, Mike, and Larry talk about why home sales are falling during what is normally one of the housing market’s busiest times of the year, people being unable to afford new homes, and what this means for the economy. They then discuss the current meme stock mania and whether this will hurt the broader stock market. Submit your questions to question@2questiontuesday.com As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

Phil, Mike, and Larry talk about the new executive order that allows employees to invest in private assets through their 401(k) retirement plans and whether investors should incorporate private assets into their retirement portfolios. They then explain how the tariffs have caused the second monthly decline in shipping containers bringing imports to the U.S., which could lead to one of the sharpest year-on-year reversals on record and what this means for the economy. Submit your questions to q...

Phil, Mike, and Larry explain how the new 50% tariff on copper and the ensuing price increase will hurt the economy. They then talk about the latest consumer price index reading jumping 0.3% in June for a 12-month inflation rate of 2.7% and whether this is the first sign of the tariffs working their way through the economy. Submit your questions to question@2questiontuesday.com As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

Phil, Mike, and Larry explain how the passage of the Big Beautiful Bill and the renewal of the tax cuts could spark a summer rally. They then talk about how the markets will react now that the president has instituted tariffs on Japan, South Korea and other countries, and moved the deadline for tariff reprieve to August 1. Submit your questions to question@2questiontuesday.com As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

Phil, Mike, and Larry explain what the new U.S.-China trade deal means for the financial markets. They then talk about how the markets will react if President Trump removes Jerome Powell as chair of the Federal Reserve Bank. Submit your questions to question@2questiontuesday.com As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

Phil, Mike, and Larry explain why the stock market rose and oil prices fell the first trading day after the U.S. bombed Iran. They then talk about how President Trump’s immigration policies, the growing domestic protests, and the attack on Iran, could cause a $12 billion drop in the U.S. tourism industry and how this will affect the economy. Submit your questions to question@2questiontuesday.com As always, if you have any questions at any time, please feel free to call your adviser directly a...

Phil, Mike, and Larry discuss Israel’s attack on Iran and what will happen in the oil and global markets if the Iranian regime falls and what happens if it stays in power. They then talk about whether it’s worth paying attention to consumer sentiment readings after the University of Michigan’s survey of consumer sentiment jumped 16% from last month, beating the Dow Jones estimate, and consumers now expect that inflation will fall. Submit your questions to question@2questiontuesday.com As alwa...

Phil, Mike, and Larry explain how an ADP Research report that said hiring decelerated to the slowest pace in two years — pointing to a weakened demand for workers — can exist with the Bureau of Labor Statistics reporting that non-farm payrolls rose for May, beating the estimate. They then talk about President Trump doubling the tariffs on steel and aluminum to 50% and how will this affect the economy. Submit your questions to question@2questiontuesday.com As always, if you have any questions ...