tag:blogger.com,1999:blog-24065138282247104442024-02-20T00:50:41.318-06:00Weekly Economic UpdateUnknownnoreply@blogger.comBlogger442125tag:blogger.com,1999:blog-2406513828224710444.post-32290502511473698732020-12-02T10:16:00.004-06:002020-12-02T10:17:59.658-06:00Economic Update for the week of Dec 2, 2020In this week’s recap: Dow Jones Industrial Average hits 30,000 milestone in response to promising vaccine news and lessening political uncertainty; former Fed chair Janet Yellen nominated as Secretary of the Treasury.
Weekly Economic Update
Presented by Troy Thompson, CFP December 2nd, 2020
THE WEEK ON WALL STREET
Stocks surged last week, ignited by another COVID-19 vaccine announcement, encouraging economic data, and the easing of political uncertainty.
The Dow Jones Industrial Average rose 2.21%, while the Standard & Poor’s 500 added 2.27%. The Nasdaq Composite index, which has led all year, gained 2.96%. The MSCI EAFE index, which tracks developed overseas stock markets, climbed 1.54%.1,2,3
DOW BREAKS 30,000
For the third consecutive week, markets opened on Monday to yet another announcement of a potential COVID-19 vaccine.
Stock prices found additional support on news that President-elect Biden would be nominating Janet Yellen, the former Chair of the Federal Reserve, to be Secretary of the Treasury. Investors reacted well to the choice, encouraged by her previously voiced support for greater fiscal stimulus and relieved that a candidate less antagonistic to the industry was selected.
Positive momentum continued into the following day, driving the Dow Jones Industrial Average, S&P 500 index, and the Russell 2000 to record high levels, with the Dow closing above the 30,000 milestone.4
Stocks eased off their highs in pre-Thanksgiving trading, though they recovered some of those losses on Friday, as the S&P 500 and NASDAQ Composite closed with fresh record highs.5
A MICROCOSM OF THE ECONOMY
The economic outlook has been difficult to figure out due to conflicting signals. One day it’s a historic jump in economic growth; another day it’s a record high in new COVID-19 infections. Last week was a good illustration of this. Reports of healthy consumer spending, a solid rise in durable goods orders, and sales of new homes remaining near almost-14-year highs were balanced by a jump in new jobless claims, a decline in household income, and new state and local COVID-related restrictions.6
Last week investors chose to see the glass half full and look past the near-term challenges the economy faces.
T I P O F T H E W E E K
Self-employed? Have your accountant look at your balance sheet and profit-and-loss statement before 2020 ends. Some tax-saving strategies may come to mind, and an up-to-date set of books means less work for your tax preparer.
THE WEEK AHEAD: KEY ECONOMIC DATA
Tuesday: Institute for Supply Management (ISM) Manufacturing Index.
Wednesday: Automated Data Processing (ADP) Employment Report.
Thursday: Jobless Claims, Institute for Supply Management (ISM) Services Index.
Friday: Employment Situation, Factory Orders.
Source: Econoday, November 27, 2020
The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to be providing accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts also are subject to revision.
THE WEEK AHEAD: COMPANIES REPORTING EARNINGS
Monday: Zoom Video Communications (ZM).
Tuesday: Salesforce.com (CRM).
Wednesday: Splunk (SPLK), Snowflake, Inc. (SNOW), Crowdstrike Holdings (CRWD).
Thursday: Marvell Technologies (MRVL), Dollar General (DG), Docusign (DOCU).
Source: Zacks, November 27, 2020
Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule when they report earnings without notice.
Q U O T E O F T H E W E E K
“The need for mystery is greater than the need for an answer.”
KEN KESEY
T H E W E E K L Y R I D D L E
You heard me before, yet you hear me once more. Then I die 'til you call me again. What am I?
LAST WEEK’S RIDDLE: What five letters (with no letters used more than once) can be arranged in three ways to make three separate words - the first with one syllable, the second with two syllables, the third with three syllables?
ANSWER: AIDES - 1 syllable, ASIDE - 2 syllables, IDEAS - 3 syllables.
<b>Troy Thompson, CFP may be reached at 515-432-5421 or troy@thompsonfinancialinc.com
www.thompsonfinancialinc.com
Know someone who could use information like this?
Please feel free to send us their contact information via phone or email. (Don’t worry – we’ll request their permission before adding them to our mailing list.)</b>
Troy Thompson, CFP
DBA Thompson Financial and Hanson Asset Strategies
Securities offered through FIRST HEARTLAND CAPITAL, INC. Member FINRA & SIPC.
Thompson Financial is not affiliated with FIRST HEARTLAND CAPITAL, INC.
Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost.
The forecasts or forward-looking statements are based on assumptions, may not materialize, and are subject to revision without notice.
The market indexes discussed are unmanaged, and generally, considered representative of their respective markets. Index performance is not indicative of the past performance of a particular investment. Indexes do not incur management fees, costs, and expenses. Individuals cannot directly invest in unmanaged indexes. Past performance does not guarantee future results.
The Dow Jones Industrial Average is an unmanaged index that is generally considered representative of large-capitalization companies on the U.S. stock market. Nasdaq Composite is an index of the common stocks and similar securities listed on the Nasdaq stock market and is considered a broad indicator of the performance of technology and growth companies. The MSCI EAFE Index was created by Morgan Stanley Capital International (MSCI) and serves as a benchmark of the performance of major international equity markets, as represented by 21 major MSCI indexes from Europe, Australia, and Southeast Asia. The S&P 500 Composite Index is an unmanaged group of securities that are considered to be representative of the stock market in general.
U.S. Treasury Notes are guaranteed by the federal government as to the timely payment of principal and interest. However, if you sell a Treasury Note prior to maturity, it may be worth more or less than the original price paid. Fixed income investments are subject to various risks including changes in interest rates, credit quality, inflation risk, market valuations, prepayments, corporate events, tax ramifications and other factors.
International investments carry additional risks, which include differences in financial reporting standards, currency exchange rates, political risks unique to a specific country, foreign taxes and regulations, and the potential for illiquid markets. These factors may result in greater share price volatility.
Please consult your financial professional for additional information.
This content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG is not affiliated with the named representative, financial professional, Registered Investment Advisor, Broker-Dealer, nor state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and they should not be considered a solicitation for the purchase or sale of any security.
Copyright 2020 FMG Suite.
CITATIONS:
1. The Wall Street Journal, November 27, 2020
2. The Wall Street Journal, November 27, 2020
3. The Wall Street Journal, November 27, 2020
4. CNBC, November 24, 2020
5. The Wall Street Journal, November 27, 2020
6. The Wall Street Journal, November 25, 2020
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2406513828224710444.post-6496213522600813092020-11-17T16:03:00.000-06:002020-11-17T16:03:09.291-06:00Economic Update for the week of Nov 17th, 2020In this week’s recap: A COVID-19 vaccine spurs a stock market rally, even as more cases are reported and some areas renew lockdowns.
Weekly Economic Update
Presented by Troy L Thompson, CFP November 17, 2020
THE WEEK ON WALL STREET
News of a COVID-19 vaccine ignited a rally in economically sensitive stocks and a broad retreat in technology companies last week, though enthusiasm was tempered by reports of rising new infections and fresh lockdowns.
The Dow Jones Industrial Average surged 4.08%, while the Standard & Poor’s 500 rose 2.16%. The Nasdaq Composite index fell 0.55% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, jumped 4.01%.1,2,3
VACCINE HOPES
Reports of an effective COVID-19 vaccine sent stocks soaring on Monday as the end to economic uncertainty appeared to be in sight. Stocks that had been pummeled by economic lockdowns surged on the news, while the stay-at-home stocks suffered steep declines. Bond yields and oil prices both moved higher on expectations of increased economic activity.
Market enthusiasm evaporated in the days that followed, however, as higher COVID-19 infections, new lockdowns, and low expectations for a new fiscal stimulus package dampened the optimism brought on by the pending vaccine.
Stocks closed the week on a higher note, with cyclical stocks adding to their gains and technology companies shaving part of their losses.
CLOUDS OVER CHINESE CAPITALISM?
The market was caught by surprise last week when Chinese regulatory authorities issued draft guidelines to address concerns over abusive monopolistic practices. Shares in some of the biggest Chinese technology companies dropped on the news. This follows the prior week’s suspension of a listing of a large initial public offering for one of the country’s leading fintech companies.
It’s difficult to say whether Chinese regulators are acting on concerns that western nations have with the dominance of Big Tech companies, or if they are attempting to rein in the power and influence of privately owned corporations. An answer may not be clear anytime soon, but investors will be watching.
T I P O F T H E W E E K
Adult children may ask you to help them out with business financing or a down payment on a property. While it's tempting to say yes, it's may be best to determine if your personal finances can handle it.
THE WEEK AHEAD: KEY ECONOMIC DATA
Tuesday: Retail Sales.
Wednesday: Housing Starts.
Thursday: Existing Home Sales, Jobless Claims, Index of Leading Economic Indicators.
Source: Econoday, November 13, 2020
The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to be providing accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts also are subject to revision.
THE WEEK AHEAD: COMPANIES REPORTING EARNINGS
Monday: Palo Alto Networks (PANW), Tyson Foods, Inc. (TSN), JD.com, Inc. (JD).
Tuesday: Walmart (WMT), The Home Depot (HD).
Wednesday: Nvidia Corp. (NVDA), Target Corp. (TGT), Lowe’s Companies (LOW), The TJX Companies (TJX).
Thursday: Workday, Inc. (WDAY), Ross Stores (ROST), Intuit (INTU), Netease, Inc. (NTES).
Source: Zacks, November 13, 2020
Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule when they report earnings without notice.
Q U O T E O F T H E W E E K
“What we obtain too cheap, we esteem too lightly.”
THOMAS PAINE
T H E W E E K L Y R I D D L E
A rooster sits atop a farmhouse. Its roof is unequally pitched. One half slopes down at an angle of 60º, and the other half at 70º. If the rooster lays an egg right on the peak of the roof, on which side is the egg more likely to fall?
LAST WEEK’S RIDDLE: Two-and-a-half artists spend two-and-a-half hours painting two-and-a-half models on two-and-a-half canvases. How many artists would be necessary to paint 24 models on 24 canvases in 20 hours?
ANSWER: This would only require three artists. 24 artists can paint 24 models in 2.5 hours. Since the time available has increased by eight (20 = 8 * 2.5), then you can reduce the number of artists by the same amount (3 = 24 / 8).
Troy L Thompson, CFP may be reached at 515-432-5421 or troy@thompsonfinancialinc.com
www.thompsonfinancialinc.com
Know someone who could use information like this?
Please feel free to send us their contact information via phone or email. (Don’t worry – we’ll request their permission before adding them to our mailing list.)
Troy Thompson, CFP
DBA Thompson Financial and Hanson Asset Strategies
Securities offered through FIRST HEARTLAND CAPITAL, INC. Member FINRA & SIPC.
Thompson Financial is not affiliated with FIRST HEARTLAND CAPITAL, INC.
Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost.
The forecasts or forward-looking statements are based on assumptions, may not materialize, and are subject to revision without notice.
The market indexes discussed are unmanaged, and generally, considered representative of their respective markets. Index performance is not indicative of the past performance of a particular investment. Indexes do not incur management fees, costs, and expenses. Individuals cannot directly invest in unmanaged indexes. Past performance does not guarantee future results.
The Dow Jones Industrial Average is an unmanaged index that is generally considered representative of large-capitalization companies on the U.S. stock market. Nasdaq Composite is an index of the common stocks and similar securities listed on the Nasdaq stock market and is considered a broad indicator of the performance of technology and growth companies. The MSCI EAFE Index was created by Morgan Stanley Capital International (MSCI) and serves as a benchmark of the performance of major international equity markets, as represented by 21 major MSCI indexes from Europe, Australia, and Southeast Asia. The S&P 500 Composite Index is an unmanaged group of securities that are considered to be representative of the stock market in general.
U.S. Treasury Notes are guaranteed by the federal government as to the timely payment of principal and interest. However, if you sell a Treasury Note prior to maturity, it may be worth more or less than the original price paid. Fixed income investments are subject to various risks including changes in interest rates, credit quality, inflation risk, market valuations, prepayments, corporate events, tax ramifications and other factors.
International investments carry additional risks, which include differences in financial reporting standards, currency exchange rates, political risks unique to a specific country, foreign taxes and regulations, and the potential for illiquid markets. These factors may result in greater share price volatility.
Please consult your financial professional for additional information.
This content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG is not affiliated with the named representative, financial professional, Registered Investment Advisor, Broker-Dealer, nor state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and they should not be considered a solicitation for the purchase or sale of any security.
Copyright 2020 FMG Suite.
CITATIONS:
1. The Wall Street Journal, November 13, 2020
2. The Wall Street Journal, November 13, 2020
3. The Wall Street Journal, November 13, 2020
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2406513828224710444.post-11435256593341085762020-11-11T09:29:00.003-06:002020-11-11T09:29:55.494-06:00Economic Update for the week of November 11th, 2020In this week’s recap: Markets react positively to the election, seeing promise in a divided government; unemployment rate falls.
Weekly Economic Update
Presented by Troy L Thompson, CFP November 11, 2020
THE WEEK ON WALL STREET
Stocks soared last week as investors anticipated that a split Congress would raise legislative hurdles to changing corporate taxes and adjusting regulatory oversight of big technology companies.
The Dow Jones Industrial Average jumped 6.87%, while the Standard & Poor’s 500 tacked on 7.32%. The Nasdaq Composite index surged 9.01% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, rose 7.65%.1,2,3
BULLS TAKE CHARGE
Coming off a poor close to October, stocks surged throughout election week, jumping higher in pre-election trading on bargain hunting and strong factory activity. The rally picked up steam as Americans went to the polls and shifted into overdrive Wednesday morning.
Investors were buoyed by Congressional results that indicate that the next president would have to work with a divided Congress. Though a divided Congress might result in a smaller potential stimulus package and continued gridlock, investors seemed to believe that was outweighed by a diminished risk of higher taxes, greater regulation, and policy initiatives that might be challenging to businesses.
Stocks took a pause to close out the week, even as a solid jobs report saw the unemployment rate fall a full percentage point to 6.9%.4
YIELDS GYRATE
Overlooked amid the powerful rally in stock prices was the swing in yields last week. Action in the bond market is important since 10-year Treasury yields are a benchmark for setting borrowing costs for businesses and they represent another view on the strength of the economic recovery.
The 10-year Treasury note rose as high as 0.942% during after-hours trading on election evening and dropped to 0.768% by the end of normal trading hours on Wednesday.5
T I P O F T H E W E E K
If you are presently retiring, moving, or divorcing, try tracking all your expenses for the next few weeks or months. Big life changes like these may mean big revisions to your budget.
THE WEEK AHEAD: KEY ECONOMIC DATA
Thursday: Consumer Price Index (CPI), Jobless Claims.
Friday: Consumer Sentiment.
Source: Econoday, November 6, 2020
The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to be providing accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts also are subject to revision.
THE WEEK AHEAD: COMPANIES REPORTING EARNINGS
Monday: McDonald’s Corporation (MCD), Simon Property (SPG).
Tuesday: D.R. Horton (DHI), Rockwell Automation (ROK), Datadog, Inc. (DDOG).
Wednesday: Air Products and Chemicals, Inc. (APD).
Thursday: Tencent Holdings (TCEHY), The Walt Disney Company (DIS), Cisco Systems (CSCO), Applied Materials (AMAT).
Friday: Draftkings, Inc. (DKNG).
Source: Zacks, November 6, 2020
Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule when they report earnings without notice.
Q U O T E O F T H E W E E K
“Nothing in life is to be feared. It is only to be understood.”
MARIE CURIE
T H E W E E K L Y R I D D L E
Two-and-a-half artists spend two-and-a-half hours painting two-and-a-half models on two-and-a-half canvases. How many artists would be necessary to paint 24 models on 24 canvases in 20 hours?
LAST WEEK’S RIDDLE: Is there a number made of eleven tens of thousands, eleven thousands, eleven hundreds, and eleven units? If so, what is it?
ANSWER: Yes - the number is 122,111. 110,000 + 11,000 + 1,100 + 11 = 122,111.
Troy L Thompson, CFP may be reached at 515-432-5421 or troy@thompsonfinancialinc.com
www.thompsonfinancialinc.com
Know someone who could use information like this?
Please feel free to send us their contact information via phone or email. (Don’t worry – we’ll request their permission before adding them to our mailing list.)
Troy Thompson, CFP
DBA Thompson Financial and Hanson Asset Strategies
Securities offered through FIRST HEARTLAND CAPITAL, INC. Member FINRA & SIPC.
Thompson Financial is not affiliated with FIRST HEARTLAND CAPITAL, INC.
Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost.
The forecasts or forward-looking statements are based on assumptions, may not materialize, and are subject to revision without notice.
The market indexes discussed are unmanaged, and generally, considered representative of their respective markets. Index performance is not indicative of the past performance of a particular investment. Indexes do not incur management fees, costs, and expenses. Individuals cannot directly invest in unmanaged indexes. Past performance does not guarantee future results.
The Dow Jones Industrial Average is an unmanaged index that is generally considered representative of large-capitalization companies on the U.S. stock market. Nasdaq Composite is an index of the common stocks and similar securities listed on the Nasdaq stock market and is considered a broad indicator of the performance of technology and growth companies. The MSCI EAFE Index was created by Morgan Stanley Capital International (MSCI) and serves as a benchmark of the performance of major international equity markets, as represented by 21 major MSCI indexes from Europe, Australia, and Southeast Asia. The S&P 500 Composite Index is an unmanaged group of securities that are considered to be representative of the stock market in general.
U.S. Treasury Notes are guaranteed by the federal government as to the timely payment of principal and interest. However, if you sell a Treasury Note prior to maturity, it may be worth more or less than the original price paid. Fixed income investments are subject to various risks including changes in interest rates, credit quality, inflation risk, market valuations, prepayments, corporate events, tax ramifications and other factors.
International investments carry additional risks, which include differences in financial reporting standards, currency exchange rates, political risks unique to a specific country, foreign taxes and regulations, and the potential for illiquid markets. These factors may result in greater share price volatility.
Please consult your financial professional for additional information.
This content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG is not affiliated with the named representative, financial professional, Registered Investment Advisor, Broker-Dealer, nor state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and they should not be considered a solicitation for the purchase or sale of any security.
Copyright 2020 FMG Suite.
CITATIONS:
1. The Wall Street Journal, November 6, 2020
2. The Wall Street Journal, November 6, 2020
3. The Wall Street Journal, November 6, 2020
4. The Wall Street Journal, November 6, 2020
5. The Wall Street Journal, November 5, 2020
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2406513828224710444.post-5802837199070455842020-11-04T15:19:00.002-06:002020-11-04T15:19:39.927-06:00Economic Update for the week of November 4th, 2020In this week’s recap: With no fiscal stimulus anticipated and election around the corner, stocks slumped through a difficult week.
Weekly Economic Update
Presented by Troy L Thompson, CFP November 4, 2020
THE WEEK ON WALL STREET
Stock prices dropped last week as hopes for a fiscal stimulus bill faded and investors focused on rising COVID-19 infections, here and abroad.
The Dow Jones Industrial Average slid 6.47%, while the Standard & Poor’s 500 tumbled 5.64%. The Nasdaq Composite index lost 5.51% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, slumped 5.02%.1,2,3
A DIFFICULT WEEK FOR STOCKS
Stocks opened the week lower as lawmakers failed to pass a fiscal stimulus bill and a pick up in the number of new COVID-19 cases in the U.S. and Europe. Hardest hit were companies most exposed to pandemic-related economic impacts, including energy, travel and leisure, and industrials.
Losses accelerated mid-week on reports of rising coronavirus-related hospitalizations, along with news that Germany and France were reinstating partial shutdown restrictions.4
Stocks attempted to recover on Thursday, but took another leg lower on Friday as earnings reports from the mega-cap technology companies failed to impress investors.
POSITIVE ECONOMIC NEWS
There were several strong economic reports during the week, but investors paid little attention. Among the highlights were durable goods orders, which rose for the fifth consecutive month, a sharp drop in initial jobless claims that were the lowest since March 14th, and a 33.1% annualized jump in economic growth during the third quarter.5,6,7
Investors also ignored a strong start to earnings season, which has seen 85% of reporting companies in the S&P 500 index beating earnings estimates by an average margin of 19%.8
T I P O F T H E W E E K
Many Americans don’t have wills. If you haven’t created a will, do so.
THE WEEK AHEAD: KEY ECONOMIC DATA
Monday: ISM (Institute for Supply Management) Manufacturing Index.
Wednesday: ADP (Automated Data Processing) Employment Report. ISM (Institute for Supply Management) Services Index.
Thursday: Jobless Claims. FOMC (Federal Open Market Committee) Meeting Announcement.
Friday: Employment Situation.
Source: Econoday, October 30, 2020
The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to be providing accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts also are subject to revision.
THE WEEK AHEAD: COMPANIES REPORTING EARNINGS
Monday: Paypal Holdings (PYPL), The Clorox Company (CLX), Mondelez International (MDLZ), Eversource Energy (ES).
Tuesday: Humana, Inc. (HUM), Prudential Financial (PRU), Emerson Electric (EMR).
Wednesday: Qualcomm (QCOM).
Thursday: Alibaba Group (BABA), Square, Inc. (SQ), Bristol Myers Squibb (BMY), General Motors (GM), Duke Energy (DUK), Cigna Corp. (CI), T-Mobile:US (TMUS), Booking Holdings (BKNG), MetLife (MET).
Friday: CVS Health Corp. (CVS), Marriott International (MAR).
Source: Zacks, October 30, 2020
Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule when they report earnings without notice.
Q U O T E O F T H E W E E K
“No day in which you learn something is a complete loss.”
DAVID EDDINGS
T H E W E E K L Y R I D D L E
Is there a number made of eleven tens of thousands, eleven thousands, eleven hundreds, and eleven units? If so, what is it?
LAST WEEK’S RIDDLE: Three light switches are in the “off” position. Each connects to a light bulb in an adjoining room that you cannot see into. You can freely switch the light bulbs on and off, but you can only go into the adjoining room once to check on the state of the bulbs. Is it possible to tell which switch controls which bulb?
ANSWER: Yes. Leave switch A on for several minutes, then switch it off and turn on switch B before entering the next room. The lit bulb correlates with switch B, the dark cool bulb with switch C, and the dark but still-warm bulb with switch A.
Troy L Thompson, CFP may be reached at 515-432-5650 or troy@thompsonfinancialinc.com
www.thompsonfinancialinc.com
Know someone who could use information like this?
Please feel free to send us their contact information via phone or email. (Don’t worry – we’ll request their permission before adding them to our mailing list.)
Troy Thompson, CFP
DBA Thompson Financial and Hanson Asset Strategies
Securities offered through FIRST HEARTLAND CAPITAL, INC. Member FINRA & SIPC.
Thompson Financial is not affiliated with FIRST HEARTLAND CAPITAL, INC.
Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost.
The forecasts or forward-looking statements are based on assumptions, may not materialize, and are subject to revision without notice.
The market indexes discussed are unmanaged, and generally, considered representative of their respective markets. Index performance is not indicative of the past performance of a particular investment. Indexes do not incur management fees, costs, and expenses. Individuals cannot directly invest in unmanaged indexes. Past performance does not guarantee future results.
The Dow Jones Industrial Average is an unmanaged index that is generally considered representative of large-capitalization companies on the U.S. stock market. Nasdaq Composite is an index of the common stocks and similar securities listed on the Nasdaq stock market and is considered a broad indicator of the performance of technology and growth companies. The MSCI EAFE Index was created by Morgan Stanley Capital International (MSCI) and serves as a benchmark of the performance of major international equity markets, as represented by 21 major MSCI indexes from Europe, Australia, and Southeast Asia. The S&P 500 Composite Index is an unmanaged group of securities that are considered to be representative of the stock market in general.
U.S. Treasury Notes are guaranteed by the federal government as to the timely payment of principal and interest. However, if you sell a Treasury Note prior to maturity, it may be worth more or less than the original price paid. Fixed income investments are subject to various risks including changes in interest rates, credit quality, inflation risk, market valuations, prepayments, corporate events, tax ramifications and other factors.
International investments carry additional risks, which include differences in financial reporting standards, currency exchange rates, political risks unique to a specific country, foreign taxes and regulations, and the potential for illiquid markets. These factors may result in greater share price volatility.
Please consult your financial professional for additional information.
This content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG is not affiliated with the named representative, financial professional, Registered Investment Advisor, Broker-Dealer, nor state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and they should not be considered a solicitation for the purchase or sale of any security.
Copyright 2020 FMG Suite.
CITATIONS:
1. The Wall Street Journal, October 30, 2020
2. The Wall Street Journal, October 30, 2020
3. The Wall Street Journal, October 30, 2020
4. CNBC, October 27, 2020
5. The Wall Street Journal, October 27, 2020
6. CNBC, October 29, 2020
7. The Wall Street Journal, October 29, 2020
8. CNBC, October 29, 2020
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2406513828224710444.post-51829997369940922182020-10-28T11:21:00.003-05:002020-10-28T11:21:44.881-05:00Economic Update for the week of October 28th, 2020In this week’s recap: Stocks lagged after another week with no fiscal stimulus; the labor market seemed to improve despite a rise in COVID-19 cases.
Weekly Economic Update
Presented by Troy Thompson, CFP October 28, 2020
THE WEEK ON WALL STREET
The failure to reach an agreement on a new fiscal stimulus bill soured investor sentiment and sent stocks modestly lower for the week.
The Dow Jones Industrial Average fell 0.95%, while the Standard & Poor’s 500 lost 0.53%. The Nasdaq Composite index slipped 1.06% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, declined 0.44%. 1,2,3
MARKETS DISAPPOINTED WITH STIMULUS IMPASSE
Stock prices ebbed and flowed all week, pulled by the gravity of fiscal stimulus talks in Washington, D.C. As investors saw improving prospects for a new fiscal stimulus bill, stocks rose. As prospects dimmed, stocks turned lower.
Hopes for striking a deal were raised late in the week as comments from a key negotiator suggested that a deal might be getting closer to fruition. The week ended, however, without an agreement, cementing a disappointing week of performance.
Market sentiment was further weighed down by the continued rise in COVID-19 cases in the U.S. and Europe, though anxieties were tempered by the belief that a full economic lockdown was unlikely.
NEW JOBLESS CLAIMS FALL
Markets have been focused on weekly initial jobless claims as an important input into the state of economic recovery. After weeks of 800,000+ new jobless claims, last week’s report reflected an improving labor market, as new jobless claims rose by 787,000, below consensus estimates of 875,000, while continuing jobless claims fell by more than one million. 4
The report wasn’t entirely positive, however, as more than 500,000 individuals were added to the emergency assistance program that extends unemployment benefits to those who have run out of state unemployment benefits. 5
T I P O F T H E W E E K
When setting up a home based business, be sure to research whether your local zoning regulations permit it. The Small Business Administration’s website has an overview (Zoning Laws for Home-Based Businesses).
THE WEEK AHEAD: KEY ECONOMIC DATA
Monday: New Home Sales.
Tuesday: Durable Goods Orders. Consumer Confidence.
Thursday: Gross Domestic Product (GDP). Jobless Claims.
Friday: Consumer Sentiment.
Source: Econoday, October 23, 2020
The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to be providing accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts also are subject to revision.
THE WEEK AHEAD: COMPANIES REPORTING EARNINGS
Monday: Twilio, Inc (TWLO).
Tuesday: Microsoft (MSFT), Pfizer (PFE), Caterpillar (CAT), Merck (MRK), Eli Lilly (LLY), 3M Company (MMM), Corning Inc. (GLW).
Wednesday: General Electric (GE), The Boeing Corporation (BA), Ford Motor Company (F), Visa (V), Mastercard (MA), Gilead Sciences (GILD), Blackstone Group (BX), Amgen (AMGN), United Parcel Services (UPS), EBay (EBAY), Norfolk Southern (NSC).
Thursday: Apple (AAPL), Facebook (FB), Twitter (TWTR), Alphabet, Inc. (GOOGL), Southern Company Airlines (SO), Shopify (SHOP), Comcast Corporation (CMCSA), AnheuserBusch InBev (BUD).
Friday: Abbvie (ABBV), Chevron (CVX), Charter Communications (CHTR).
Source: Zacks, October 23, 2020
Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule when they report earnings without notice.
Q U O T E O F T H E W E E K
“Getting people to like you is merely the other side of liking them.”
NORMAN VINCENT PEALE
T H E W E E K L Y R I D D L E
Three light switches are in the “off” position. Each connects to a light bulb in an adjoining room that you cannot see into. You can freely switch the light bulbs on and off, but you can only go into the adjoining room once to check on the state of the bulbs. Is it possible to tell which switch controls which bulb?
LAST WEEK’S RIDDLE: What should the last entry be in the following sequence of numbers: 9|18, 8|46, 7|94, 6|63, 5|52, 4|__?
ANSWER: Each sequence represents the square root of a number with digits reversed (9 is the square root of 81, 8 is the square root of 64, and so on). So the missing number is 61 (4 is the square root of 16).
Troy L Thompson, CFP may be reached at 515-432-5421 or troy@thompsonfinancialinc.com
www.thompsonfinancialinc.com
Know someone who could use information like this?
Please feel free to send us their contact information via phone or email. (Don’t worry – we’ll request their permission before adding them to our mailing list.)
«RepresentativeEmailDisclosure»
Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost.
The forecasts or forward-looking statements are based on assumptions, may not materialize, and are subject to revision without notice.
The market indexes discussed are unmanaged, and generally, considered representative of their respective markets. Index performance is not indicative of the past performance of a particular investment. Indexes do not incur management fees, costs, and expenses. Individuals cannot directly invest in unmanaged indexes. Past performance does not guarantee future results.
The Dow Jones Industrial Average is an unmanaged index that is generally considered representative of large-capitalization companies on the U.S. stock market. Nasdaq Composite is an index of the common stocks and similar securities listed on the Nasdaq stock market and is considered a broad indicator of the performance of technology and growth companies. The MSCI EAFE Index was created by Morgan Stanley Capital International (MSCI) and serves as a benchmark of the performance of major international equity markets, as represented by 21 major MSCI indexes from Europe, Australia, and Southeast Asia. The S&P 500 Composite Index is an unmanaged group of securities that are considered to be representative of the stock market in general.
U.S. Treasury Notes are guaranteed by the federal government as to the timely payment of principal and interest. However, if you sell a Treasury Note prior to maturity, it may be worth more or less than the original price paid. Fixed income investments are subject to various risks including changes in interest rates, credit quality, inflation risk, market valuations, prepayments, corporate events, tax ramifications and other factors.
International investments carry additional risks, which include differences in financial reporting standards, currency exchange rates, political risks unique to a specific country, foreign taxes and regulations, and the potential for illiquid markets. These factors may result in greater share price volatility.
Please consult your financial professional for additional information.
This content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG is not affiliated with the named representative, financial professional, Registered Investment Advisor, Broker-Dealer, nor state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and they should not be considered a solicitation for the purchase or sale of any security.
Copyright 2020 FMG Suite.
CITATIONS:
1. The Wall Street Journal, October 23, 2020
2. The Wall Street Journal, October 23, 2020
3. The Wall Street Journal, October 23, 2020
4. CNBC, October 22, 2020
5. CNBC, October 22, 2020
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2406513828224710444.post-13731768564203500462020-10-20T15:27:00.000-05:002020-10-20T15:27:16.498-05:00Economic Update for the week of October 20th, 2020In this week’s recap: A difficult week for stocks, reacting to delayed stimulus, little good news on COVID-19 treatment, and jobless claims.
Weekly Economic Update
Presented by Troy L Thompson, CFP October 20, 2020
THE WEEK ON WALL STREET
Stocks treaded water last week amid fading prospects for a stimulus bill, fears of a second wave of COVID-19 cases, and increasing political and regulatory pressures on Big Tech companies.
The Dow Jones Industrial Average added just 0.07% while the Standard & Poor’s 500 eked out a gain of 0.19%. The Nasdaq Composite index picked up 0.79% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, slid 2.08%.1,2,3
ROCKY WEEK
The stock market began the week by posting strong gains on hopes of a fiscal stimulus bill. Also, investors were optimistic that earnings season would reflect an improving picture of corporate performance.
But stocks stumbled midweek on a mixed bag of early earnings results, and an increase in COVID-19 cases in the U.S. and Europe. Disappointing news on some key COVID-19 treatment trials also weighed on the market, as did a jump in new jobless claims and a continued stalemate on a fiscal stimulus package.
Stocks attempted to rally on Friday, emboldened by strong retail sales, but lost momentum as trading came to a close.
EARNINGS SEASON KICKS OFF
Earnings season began on an upbeat note as major banks mostly beat revenue and profit expectations. Banks attributed the strength to rising consumer deposits, a drop in the amount of money set aside for failing loans, and strong results from their investment banking and trading units.4
Airlines fared less well. Investors were disappointed with the quarterly reports even though the average daily cash burn at these companies generally improved. Airline management uniformly accompanied their earnings announcements with warnings of continued near-term weakness due to COVID-19.5
T I P O F T H E W E E K
Consider setting up ground rules before you take someone into your home. It may be uncomfortable, but no one wants to argue over misunderstandings.
THE WEEK AHEAD: KEY ECONOMIC DATA
Tuesday: Housing Starts.
Thursday: Jobless Claims. Existing Home Sales. Index of Leading Economic Indicators.
Source: Econoday, October 16, 2020
The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to be providing accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts also are subject to revision.
THE WEEK AHEAD: COMPANIES REPORTING EARNINGS
Monday: Halliburton (HAL), PPG Industries (PPG), International Business Machines (IBM).
Tuesday: Netflix (NFLX), Lockheed Martin (LMT), Procter & Gamble (PG), Snap (SNAP), Texas Instruments (TXN).
Wednesday: Verizon (VZ), Abbott Laboratories (ABT), CSX Corp. (CSX), Chipotle Mexican Grill (CMG).
Thursday: AT&T (T), Intel Corp. (INTC), Coca Cola Co. (KO), American Airlines (AAL), Southwest Airlines (LUV).
Friday: American Express (AXP).
Source: Zacks, October 16, 2020
Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule when they report earnings without notice.
Q U O T E O F T H E W E E K
“A person will be just about as happy as they make up their minds to be.”
ABRAHAM LINCOLN
T H E W E E K L Y R I D D L E
What should the last entry be in the following sequence of numbers: 9|18, 8|46, 7|94, 6|63, 5|52, 4|__?
LAST WEEK’S RIDDLE: Al gives Jane three boxes, one labeled DIAMONDS, one labeled PEARLS and one labeled DIAMONDS OR PEARLS. He tells her that all three boxes are labeled incorrectly, and that one box contains diamonds, one pearls and the other emeralds. Al then tells Jane that if she can guess the contents of any box without opening it, she can keep the contents. How many boxes must Jane open to do this, and/or how many boxes can she keep?
ANSWER: Jane keeps everything and does not need to open a single box. Since each box is labeled incorrectly, the box labeled "Diamonds or Pearls" must contain emeralds. Therefore, the box labeled "Pearls" must contain diamonds, and the box labeled "Diamonds" must contain pearls.
Troy L Thompson, CFP may be reached at 515-432-5421 or troy@thompsonfinancialinc.com
www.thompsonfinancialinc.com
Know someone who could use information like this?
Please feel free to send us their contact information via phone or email. (Don’t worry – we’ll request their permission before adding them to our mailing list.)
Troy Thompson, CFP
DBA Thompson Financial and Hanson Asset Strategies
Securities offered through FIRST HEARTLAND CAPITAL, INC. Member FINRA & SIPC.
Thompson Financial is not affiliated with FIRST HEARTLAND CAPITAL, INC.
Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost.
The forecasts or forward-looking statements are based on assumptions, may not materialize, and are subject to revision without notice.
The market indexes discussed are unmanaged, and generally, considered representative of their respective markets. Index performance is not indicative of the past performance of a particular investment. Indexes do not incur management fees, costs, and expenses. Individuals cannot directly invest in unmanaged indexes. Past performance does not guarantee future results.
The Dow Jones Industrial Average is an unmanaged index that is generally considered representative of large-capitalization companies on the U.S. stock market. Nasdaq Composite is an index of the common stocks and similar securities listed on the Nasdaq stock market and is considered a broad indicator of the performance of technology and growth companies. The MSCI EAFE Index was created by Morgan Stanley Capital International (MSCI) and serves as a benchmark of the performance of major international equity markets, as represented by 21 major MSCI indexes from Europe, Australia, and Southeast Asia. The S&P 500 Composite Index is an unmanaged group of securities that are considered to be representative of the stock market in general.
U.S. Treasury Notes are guaranteed by the federal government as to the timely payment of principal and interest. However, if you sell a Treasury Note prior to maturity, it may be worth more or less than the original price paid. Fixed income investments are subject to various risks including changes in interest rates, credit quality, inflation risk, market valuations, prepayments, corporate events, tax ramifications and other factors.
International investments carry additional risks, which include differences in financial reporting standards, currency exchange rates, political risks unique to a specific country, foreign taxes and regulations, and the potential for illiquid markets. These factors may result in greater share price volatility.
Please consult your financial professional for additional information.
This content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG is not affiliated with the named representative, financial professional, Registered Investment Advisor, Broker-Dealer, nor state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and they should not be considered a solicitation for the purchase or sale of any security.
Copyright 2020 FMG Suite.
CITATIONS:
1. The Wall Street Journal, October 16, 2020
2. The Wall Street Journal, October 16, 2020
3. The Wall Street Journal, October 16, 2020
4. CNBC.com, October 13, 2020
5. CNBC.com, October 14, 2020
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2406513828224710444.post-33488528023540523842020-10-15T16:11:00.000-05:002020-10-15T16:11:33.767-05:00Economic Update for the week of October 15th, 2020In this week’s recap: Stocks soar, despite mixed messages on fiscal stimulus.
Weekly Economic Update
Presented by Troy L Thompson, CFP October 15, 2020
THE WEEK ON WALL STREET
Stocks staged a powerful rally last week, riding a wave of optimism over the prospect of the passage of a new fiscal stimulus bill.
The Dow Jones Industrial Average rose 3.27%, while the Standard & Poor’s 500 increased 3.84%. The Nasdaq Composite index gained 4.56% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, advanced 2.23%.1-3
STIMULUS STALEMATE?
The anticipation of lawmakers passing a new round of economic stimulus was a decisive driver of market action all week.
A mid-week tweet by President Trump announcing that he was ending stimulus negotiations sent stocks lower. Losses were exacerbated by sharp declines in some mega-cap technology companies as details emerged from a House Judiciary subcommittee report on its investigation into their competitive practices.4
Stocks quickly reversed direction, climbing after the President tweeted that he would sign a limited stimulus bill, but lawmakers appeared to reject a piecemeal approach.
Stocks consolidated on Friday, helped by continuing stimulus talks and new election polls that suggested that the risk of a contested outcome appeared to be fading.
SMALL CAP RALLY
The outperformance of large cap stocks relative to small cap stocks has been both wide and persistent during the last ten years. Last week’s action in small cap stocks, as represented by the Russell 2000 Index, indicates that smaller companies may finally be making up some ground.5
Last week, the Russell 2000 Index rose 6.33%, outperforming the S&P 500 by 2.4%.6
While this outperformance may be fleeting, a potential broadening of the stock market rally may be considered a healthy development.
FINAL THOUGHTS
This week begins the third-quarter earnings season, with companies from a variety of industry sectors reporting (see below). Early earnings reports start predominantly with the major banks, whose earnings results may provide insight into the general health of American consumers.
As is often the case, company guidance about the future earnings may be of greater interest to investors than past results.
T I P O F T H E W E E K
Use your phone or camera to take a video of your home and your belongings. Keep it in a safe place. It may come in handy someday.
THE WEEK AHEAD: KEY ECONOMIC DATA
Tuesday: Consumer Price Index (CPI).
Thursday: Jobless Claims.
Friday: Industrial Production. Consumer Sentiment.
Source: Econoday, October 9, 2020
The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to be providing accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts also are subject to revision.
THE WEEK AHEAD: COMPANIES REPORTING EARNINGS
Tuesday: Johnson & Johnson (JNJ), J.P. Morgan Chase (JPM), Citigroup (C), Blackrock (BLK).
Wednesday: Bank of America (BAC), UnitedHealth Group (UNH).
Thursday: Morgan Stanley (MS).
Friday: Schlumberger (SLB), J.B. Hunt Transport Services (JBHT), Kansas City Southern (KSU), V.F. Corporation (VFC).
Source: Zacks, October 9, 2020
Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule when they report earnings without notice.
Q U O T E O F T H E W E E K
“He who has a ‘why’ to live can bear almost any ‘how.’”
FRIEDRICH NIETZSCHE
T H E W E E K L Y R I D D L E
Al gives Jane three boxes, one labeled DIAMONDS, one labeled PEARLS and one labeled DIAMONDS OR PEARLS. He tells her that all three boxes are labeled incorrectly, and that one box contains diamonds, one pearls and the other emeralds. Al then tells Jane that if she can guess the contents of any box without opening it, she can keep the contents. How many boxes must Jane open to do this, and/or how many boxes can she keep?
LAST WEEK’S RIDDLE: In 15 minutes, a dress will dry on a clothes wire. How long would it take you to dry five dresses?
ANSWER: 15 Minutes. They all dry at the same rate and at the same time on a clothes wire.
Troy L Thompson may be reached at 515-432-5421 or troy@thompsonfinancialinc.com
www.thompsonfinancialinc.com
Know someone who could use information like this?
Please feel free to send us their contact information via phone or email. (Don’t worry – we’ll request their permission before adding them to our mailing list.)
Troy Thompson, CFP
DBA Thompson Financial and Hanson Asset Strategies
Securities offered through FIRST HEARTLAND CAPITAL, INC. Member FINRA & SIPC.
Thompson Financial is not affiliated with FIRST HEARTLAND CAPITAL, INC.
Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost.
The forecasts or forward-looking statements are based on assumptions, may not materialize, and are subject to revision without notice.
The market indexes discussed are unmanaged, and generally, considered representative of their respective markets. Index performance is not indicative of the past performance of a particular investment. Indexes do not incur management fees, costs, and expenses. Individuals cannot directly invest in unmanaged indexes. Past performance does not guarantee future results.
The Dow Jones Industrial Average is an unmanaged index that is generally considered representative of large-capitalization companies on the U.S. stock market. Nasdaq Composite is an index of the common stocks and similar securities listed on the Nasdaq stock market and is considered a broad indicator of the performance of technology and growth companies. The MSCI EAFE Index was created by Morgan Stanley Capital International (MSCI) and serves as a benchmark of the performance of major international equity markets, as represented by 21 major MSCI indexes from Europe, Australia, and Southeast Asia. The S&P 500 Composite Index is an unmanaged group of securities that are considered to be representative of the stock market in general.
U.S. Treasury Notes are guaranteed by the federal government as to the timely payment of principal and interest. However, if you sell a Treasury Note prior to maturity, it may be worth more or less than the original price paid. Fixed income investments are subject to various risks including changes in interest rates, credit quality, inflation risk, market valuations, prepayments, corporate events, tax ramifications and other factors.
International investments carry additional risks, which include differences in financial reporting standards, currency exchange rates, political risks unique to a specific country, foreign taxes and regulations, and the potential for illiquid markets. These factors may result in greater share price volatility.
Please consult your financial professional for additional information.
This content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG is not affiliated with the named representative, financial professional, Registered Investment Advisor, Broker-Dealer, nor state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and they should not be considered a solicitation for the purchase or sale of any security.
Copyright 2020 FMG Suite.
CITATIONS:
1. The Wall Street Journal, October 9, 2020
2. The Wall Street Journal, October 9, 2020
3. The Wall Street Journal, October 9, 2020
4. CNBC.com, October 6, 2020
5. The Wall Street Journal, October 8, 2020
6. The Wall Street Journal, October 9, 2020
CHART CITATIONS:
The Wall Street Journal, October 9, 2020
The Wall Street Journal, October 9, 2020
Treasury.gov, October 9, 2020
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2406513828224710444.post-72643214617618604642020-09-29T14:26:00.004-05:002020-09-29T14:28:13.649-05:00Economic Update for the week of September 29th, 2020In this week’s recap: Stocks have a mixed reaction to ongoing uncertainty; additional fiscal stimulus on hold.
Weekly Economic Update
Presented by Troy L Thompson, CPF September 29, 2020
THE WEEK ON WALL STREET
Stocks were mixed last week as worries that stretched from Washington D.C., where prospects of a new fiscal stimulus bill dimmed, to Europe, which saw an increase of new COVID-19 cases.
The Dow Jones Industrial Average declined 1.75%, while the Standard & Poor’s 500 fell 0.63%. The Nasdaq Composite index gained 1.11% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, slumped 4.20%.1-3
LATE FRIDAY RALLY PARES LOSSES
Dwindling chances of a federal fiscal stimulus, pre-election jitters, and worries over a second wave of coronavirus infections in Europe weighed heavily on investors.
The weakness in technology persisted. The Department of Justice proposal to curb legal protections for internet companies and require them to take greater responsibility for the content on their sites adding to that sector’s woes.4
Energy stocks were also hit hard on concerns of a slowdown in economic growth hurting oil demand.
The week wasn’t entirely absent of good news. Investors focused on reports of new progress in developing a vaccine and the passage in the House of Representatives of a bipartisan continuing resolution bill to fund the government through December 11th.5
Absent any apparent catalyst, stocks rallied in the final days of the week, cutting losses on major indices and powering the NASDAQ Composite to a weekly gain.
FISCAL STIMULUS ON LIFE SUPPORT
Market hopes for an additional fiscal stimulus bill, which were already fading, suffered another setback as events in Washington, D.C., appeared to make it more unlikely that lawmakers and the president could come together to fashion a compromise spending bill.
Many economists and market observers, along with Federal Reserve Chairman Jerome Powell, believe that further spending may be needed to maintain the momentum of the current economic recovery.
T I P O F T H E W E E K
Applying for a mortgage online could save you some money in terms of closing costs, origination fees and interest rates as the online application cost is less for the lender to bear.
THE WEEK AHEAD: KEY ECONOMIC DATA
Tuesday: Consumer Confidence Index.
Wednesday: ADP (Automated Data Processing) Report. Gross Domestic Product (GDP).
Thursday: Jobless Claims.
Friday: Employment Situation. Factory Orders.
Source: Econoday, September 25, 2020
The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to be providing accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts also are subject to revision.
THE WEEK AHEAD: COMPANIES REPORTING EARNINGS
Tuesday: Micron Technologies (MU), McCormick (MKC).
Thursday: Constellation Brands (STZ), Pepsico (PEP), Conagra Brands (CAG).
Source: Zacks, September 25, 2020
Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule when they report earnings without notice.
Q U O T E O F T H E W E E K
“Live out of your imagination, not your history.”
DR. STEPHEN COVEY
T H E W E E K L Y R I D D L E
A supermarket sign says you can buy energy bars at $12 a dozen. At that price, how much would it cost you to buy 100 energy bars?
LAST WEEK’S RIDDLE: A family has a mother, father, and four daughters. Each daughter has one brother. How many people are in the family?
ANSWER: Seven people - each of the daughters have one brother, there is not one brother for each daughter.
Troy L Thompson, CFP may be reached at 515-432-5421 or troy@thompsonfinancialinc.com
www.thompsonfinancialinc.com
Know someone who could use information like this?
Please feel free to send us their contact information via phone or email. (Don’t worry – we’ll request their permission before adding them to our mailing list.)
Troy Thompson, CFP
DBA Thompson Financial and Hanson Asset Strategies
Securities offered through FIRST HEARTLAND CAPITAL, INC. Member FINRA & SIPC.
Thompson Financial is not affiliated with FIRST HEARTLAND CAPITAL, INC.
Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost.
The forecasts or forward-looking statements are based on assumptions, may not materialize, and are subject to revision without notice.
The market indexes discussed are unmanaged, and generally, considered representative of their respective markets. Index performance is not indicative of the past performance of a particular investment. Indexes do not incur management fees, costs, and expenses. Individuals cannot directly invest in unmanaged indexes. Past performance does not guarantee future results.
The Dow Jones Industrial Average is an unmanaged index that is generally considered representative of large-capitalization companies on the U.S. stock market. Nasdaq Composite is an index of the common stocks and similar securities listed on the Nasdaq stock market and is considered a broad indicator of the performance of technology and growth companies. The MSCI EAFE Index was created by Morgan Stanley Capital International (MSCI) and serves as a benchmark of the performance of major international equity markets, as represented by 21 major MSCI indexes from Europe, Australia, and Southeast Asia. The S&P 500 Composite Index is an unmanaged group of securities that are considered to be representative of the stock market in general.
U.S. Treasury Notes are guaranteed by the federal government as to the timely payment of principal and interest. However, if you sell a Treasury Note prior to maturity, it may be worth more or less than the original price paid. Fixed income investments are subject to various risks including changes in interest rates, credit quality, inflation risk, market valuations, prepayments, corporate events, tax ramifications and other factors.
International investments carry additional risks, which include differences in financial reporting standards, currency exchange rates, political risks unique to a specific country, foreign taxes and regulations, and the potential for illiquid markets. These factors may result in greater share price volatility.
Please consult your financial professional for additional information.
This content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG is not affiliated with the named representative, financial professional, Registered Investment Advisor, Broker-Dealer, nor state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and they should not be considered a solicitation for the purchase or sale of any security.
Copyright 2020 FMG Suite.
CITATIONS:
1. The Wall Street Journal, September 25, 2020
2. The Wall Street Journal, September 25, 2020
3. The Wall Street Journal, September 25, 2020
4. The Wall Street Journal September 23, 2020
5. CNN.com, September 22, 2020
CHART CITATIONS:
The Wall Street Journal, September 25, 2020
The Wall Street Journal, September 25, 2020
treasury.gov, September 25, 2020
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2406513828224710444.post-5610081386981584052020-09-23T10:49:00.001-05:002020-09-23T10:49:44.585-05:00Economic Update for the week September 23rd, 2020In this week’s recap: The tech sector slip continues for stocks; the Federal Reserve signals that interest rates will not be increased for some time.
Weekly Economic Update
Presented by Troy L Thompson, CFP September 23, 2020
THE WEEK ON WALL STREET
Stocks slipped as the technology sector remained under pressure and a mid-week announcement by the Federal Reserve failed to inspire investors.
The Dow Jones Industrial Average declined 0.03%, while the Standard & Poor’s 500 fell 0.64%. The Nasdaq Composite index dropped 0.56% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, rose 0.75%.1,2,3
TECHNOLOGY PULLS STOCKS LOWER
As has been the case in recent weeks, technology stocks led the market higher, then lower in an otherwise turbulent week of trading.
Merger and acquisition activity announced at the start of the week generated a rush back into technology stocks, sparking a rebound from the previous week’s drop. Stocks continued to advance until Wednesday, when investors began to digest comments from the Fed’s Federal Open Market Committee meeting. The Fed delivered a message that coupled assurances of continued low rates with concerns about the health of the economic recovery.4
THE FED STAYS THE COURSE
In the last Federal Open Market Committee (FOMC) meeting before the November election, the Fed signaled that interest rates would not be increased “until labor market conditions have reached levels consistent with the committee's assessments of maximum employment and inflation has risen to 2% and is on track to moderately exceed 2% for some time.”4
Most Fed officials do not see this happening until 2023.
While the Fed maintained its view on the importance of fiscal stimulus to help American workers and businesses, it did improve its outlook for unemployment in its latest economic outlook. The Fed now expects unemployment would average around 7-8% in the final three months of the year, down from its June prediction of around 9-10%.5
T I P O F T H E W E E K
Always explore the alternatives before you make a big-ticket purchase. A few minutes of online searching may bring you exactly what you want (or close) at considerable savings.
THE WEEK AHEAD: KEY ECONOMIC DATA
Tuesday: Existing Home Sales.
Thursday: Jobless Claims. New Home Sales.
Friday: Durable Goods Orders.
Source: Econoday, September 18, 2020
The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to be providing accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts also are subject to revision.
THE WEEK AHEAD: COMPANIES REPORTING EARNINGS
Tuesday: Nike (NKE), Autozone (AZO), Fedex (FDX).
Wednesday: General Mills (GIS).
Thursday: Costco Wholesale (COST), Darden Restaurants (DRI), Carnival Corp. (CCL).
Source: Zacks, September 18, 2020
Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule when they report earnings without notice.
Q U O T E O F T H E W E E K
“Simplicity is the ultimate sophistication.”
LEONARDO DA VINCI
T H E W E E K L Y R I D D L E
A family has a mother, father, and four daughters. Each daughter has one brother. How many people are in the family?
LAST WEEK’S RIDDLE: A plastic bottle filled with cola weighs one liter. What do you need to add to it to make it weigh less than two ounces?
ANSWER: Add a hole to it.
Troy L Thompson, CFP may be reached at 515-432-5421 or troy@thompsonfinancialinc.com
www.thompsonfinancialinc.com
Know someone who could use information like this?
Please feel free to send us their contact information via phone or email. (Don’t worry – we’ll request their permission before adding them to our mailing list.)
Troy Thompson, CFP
DBA Thompson Financial and Hanson Asset Strategies
Securities offered through FIRST HEARTLAND CAPITAL, INC. Member FINRA & SIPC.
Thompson Financial is not affiliated with FIRST HEARTLAND CAPITAL, INC.
Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost.
The forecasts or forward-looking statements are based on assumptions, may not materialize, and are subject to revision without notice.
The market indexes discussed are unmanaged, and generally, considered representative of their respective markets. Index performance is not indicative of the past performance of a particular investment. Indexes do not incur management fees, costs, and expenses. Individuals cannot directly invest in unmanaged indexes. Past performance does not guarantee future results.
The Dow Jones Industrial Average is an unmanaged index that is generally considered representative of large-capitalization companies on the U.S. stock market. Nasdaq Composite is an index of the common stocks and similar securities listed on the Nasdaq stock market and is considered a broad indicator of the performance of technology and growth companies. The MSCI EAFE Index was created by Morgan Stanley Capital International (MSCI) and serves as a benchmark of the performance of major international equity markets, as represented by 21 major MSCI indexes from Europe, Australia, and Southeast Asia. The S&P 500 Composite Index is an unmanaged group of securities that are considered to be representative of the stock market in general.
U.S. Treasury Notes are guaranteed by the federal government as to the timely payment of principal and interest. However, if you sell a Treasury Note prior to maturity, it may be worth more or less than the original price paid. Fixed income investments are subject to various risks including changes in interest rates, credit quality, inflation risk, market valuations, prepayments, corporate events, tax ramifications and other factors.
International investments carry additional risks, which include differences in financial reporting standards, currency exchange rates, political risks unique to a specific country, foreign taxes and regulations, and the potential for illiquid markets. These factors may result in greater share price volatility.
Please consult your financial professional for additional information.
This content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG is not affiliated with the named representative, financial professional, Registered Investment Advisor, Broker-Dealer, nor state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and they should not be considered a solicitation for the purchase or sale of any security.
Copyright 2020 FMG Suite.
CITATIONS:
1. The Wall Street Journal, September 18, 2020
2. The Wall Street Journal, September 18, 2020
3. The Wall Street Journal, September 18, 2020
4. The Wall Street Journal, September 16, 2020
5. The Wall Street Journal, September 16, 2020
CHART CITATIONS:
The Wall Street Journal, September 18, 2020
The Wall Street Journal, September 18, 2020
treasury.gov, September 18, 2020
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2406513828224710444.post-89102282311245236342020-09-15T14:09:00.000-05:002020-09-15T14:09:03.082-05:00Economic Update for the week of September 15th, 2020
<br />
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 14pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin;">In this week’s recap: Stocks continued a downward slide in
response to continued uncertainty; fiscal stimulus still delayed.<o:p></o:p></span></i></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 8pt 0in; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 36pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;">Weekly Economic Update</span></b><b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 36pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></b></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 8pt 0in; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shapetype coordsize="21600,21600" filled="f" id="_x0000_t75" o:preferrelative="t" o:spt="75" path="m@4@5l@4@11@9@11@9@5xe" stroked="f">
<v:stroke joinstyle="miter">
<v:formulas>
<v:f eqn="if lineDrawn pixelLineWidth 0">
<v:f eqn="sum @0 1 0">
<v:f eqn="sum 0 0 @1">
<v:f eqn="prod @2 1 2">
<v:f eqn="prod @3 21600 pixelWidth">
<v:f eqn="prod @3 21600 pixelHeight">
<v:f eqn="sum @0 0 1">
<v:f eqn="prod @6 1 2">
<v:f eqn="prod @7 21600 pixelWidth">
<v:f eqn="sum @8 21600 0">
<v:f eqn="prod @7 21600 pixelHeight">
<v:f eqn="sum @10 21600 0">
</v:f>
<v:path gradientshapeok="t" o:connecttype="rect" o:extrusionok="f">
<o:lock aspectratio="t" v:ext="edit">
</o:lock><v:shape id="Picture_x0020_1" o:spid="_x0000_i1036" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></v:path></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:formulas></v:stroke></v:shapetype><span style="color: grey; font-family: "Calibri Light",sans-serif; font-size: 1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 128;"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin;">Presented by Troy L Thompson, CFP<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>September
15, 2020<o:p></o:p></span></i></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 8pt 0in; text-align: center;">
<span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;">THE WEEK
ON WALL STREET<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Stocks
traveled a volatile path last week as investors appeared concerned about the
upcoming elections, an uncertain economy, and more delays with additional
fiscal stimulus. <o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">The
Dow Jones Industrial Average slid 1.66%, while the Standard & Poor’s 500
slumped 2.51%. The Nasdaq Composite index plummeted 4.06% for the week. The
MSCI EAFE index, which tracks developed overseas stock markets, rose 1.44%.<sup>1,2,3</sup></span></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 3pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;">Stocks
Continue To Slip<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">In
a holiday-shortened week of trading, stocks resumed their slide from the prior
week, with the technology-heavy Nasdaq slipping into correction territory in a
three-day span ended on Tuesday, September 8th. (A correction is defined as a
decline of at least 10% from a recent high.)<sup>4</sup><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">After
staging a strong rebound on Wednesday, stocks once again headed lower as the
Senate failed to pass another coronavirus stimulus bill. Mega-cap technology
companies remained under pressure throughout the week. Energy stocks added to
investors woes, plunging on data showing an unexpected build-up in inventories.<sup>5</sup><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">The
market ended the week on a mixed note, as technology companies lost additional
ground.<span style="mso-spacerun: yes;"> </span><sup><o:p></o:p></sup></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 4pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;">Final
Thought<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">On
Friday the nation commemorated the tragic events of September 11, 2001.<o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">We
join all Americans in remembering the lives we lost that day and the profound
impact on the victims’ families. We are reminded that it was the unity,
kindness, and warmth that we collectively rediscovered in the wake of 9/11 that
saw us through that difficult period.<o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_19" o:spid="_x0000_i1035" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">T I P<span style="mso-spacerun: yes;"> </span>O F<span style="mso-spacerun: yes;">
</span>T H E<span style="mso-spacerun: yes;"> </span>W E E K<br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--></span></span><span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_20" o:spid="_x0000_i1034" style="height: 56.25pt; mso-wrap-style: square; visibility: visible; width: 56.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image002.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><br />
</span></span><span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Some
companies match employee retirement plan contributions. So if your budget
allows, contribute enough to qualify for the match.<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_21" o:spid="_x0000_i1033" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 3pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">THE WEEK
AHEAD: KEY ECONOMIC DATA<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Tuesday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Industrial Production.</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Wednesday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Federal Open Market Committee (FOMC) Announcement.<b style="mso-bidi-font-weight: normal;"> <o:p></o:p></b></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Thursday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Jobless Claims. Housing Starts.</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Friday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Leading Economic Indicators.</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Source:
Econoday, September 11, 2020</span><span style="font-family: "Times New Roman",serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">The Econoday economic calendar lists upcoming U.S. economic data
releases (including key economic indicators), Federal Reserve policy meetings,
and speaking engagements of Federal Reserve officials. The content is developed
from sources believed to be providing accurate information. The forecasts or
forward-looking statements are based on assumptions and may not materialize.
The forecasts also are subject to revision.</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: grey; font-family: "Calibri Light",sans-serif; font-size: 2pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">THE WEEK
AHEAD: COMPANIES REPORTING EARNINGS<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Tuesday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Adobe Systems (ADBE), Lennar Corporation (LEN),
Fedex (FDX).</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Source:
Zacks, September 11, 2020</span><span style="font-family: "Times New Roman",serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Companies
mentioned are for informational purposes only. It should not be considered a
solicitation for the purchase or sale of the securities. Investing involves
risks, and investment decisions should be based on your own goals, time
horizon, and tolerance for risk. The return and principal value of investments
will fluctuate as market conditions change. When sold, investments may be worth
more or less than their original cost. Companies may reschedule when they
report earnings without notice.</span><span style="font-family: "Times New Roman",serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: grey; font-family: "Calibri Light",sans-serif; font-size: 2pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_26" o:spid="_x0000_i1032" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Q U O T E<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>O F<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>T H E<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>W E E K<o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_27" o:spid="_x0000_i1031" style="height: 50.25pt; mso-wrap-style: square; visibility: visible; width: 68.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image003.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 18pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">“Popularity: it is glory’s
small change.”<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">VICTOR HUGO</span></i></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_28" o:spid="_x0000_i1030" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="border: currentColor; color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-hansi-font-family: Calibri; mso-no-proof: yes;"><v:shape id="Picture_x0020_3" o:spid="_x0000_i1029" style="height: 433.5pt; mso-wrap-style: square; visibility: visible; width: 461.25pt;" type="#_x0000_t75"><span style="font-family: Calibri;">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image004.png">
</v:imagedata></span></v:shape></span><span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 9pt; letter-spacing: -0.2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Verdana; mso-bidi-font-size: 7.0pt; mso-bidi-font-style: italic; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><span style="mso-spacerun: yes;"> </span></span><span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 9pt; letter-spacing: -0.2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Verdana; mso-bidi-font-size: 7.0pt; mso-bidi-font-style: italic; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_23" o:spid="_x0000_i1028" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">T H E<span style="mso-spacerun: yes;"> </span>W E E K L Y<span style="mso-spacerun: yes;">
</span>R I D D L E<o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_24" o:spid="_x0000_i1027" style="height: 75pt; mso-wrap-style: square; visibility: visible; width: 60.75pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image005.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 18pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">A plastic bottle filled with
cola weighs one liter. What do you need to add to it to make it weigh less than
two ounces?<b style="mso-bidi-font-weight: normal;"><o:p></o:p></b></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">LAST WEEK’S
RIDDLE: If it were two hours later than right now, it would be half as long
until midnight as it would be if it were an hour later than right now. What
time is it?<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">ANSWER: 9:00 PM.<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_29" o:spid="_x0000_i1026" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p></o:p></span></i></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;">Troy L Thompson, CFP may be
reached at 515-432-5421 or troy@thompsonfinancialinc.com <br />
www.thompsonfinancialinc.com<br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--><o:p></o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;">Know
someone who could use information like this? <br />
</span></b><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;">Please
feel free to send us their contact information via phone or email. (Don’t worry
– we’ll request their permission before adding them to our mailing list.)</span><span style="font-family: "Calibri Light",sans-serif; font-size: 3pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_31" o:spid="_x0000_i1025" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 10pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 8.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">Troy Thompson, CFP<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">DBA Thompson Financial and Hanson Asset Strategies<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">Securities offered through FIRST HEARTLAND CAPITAL, INC.
Member FINRA & SIPC.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<o:p><span style="font-family: Calibri;"> </span></o:p></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">Thompson Financial is not affiliated with FIRST HEARTLAND
CAPITAL, INC.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">Investing involves risks, and investment decisions should
be based on your own goals, time horizon, and tolerance for risk. The return
and principal value of investments will fluctuate as market conditions change.
When sold, investments may be worth more or less than their original cost. <o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">The forecasts or forward-looking statements are based on
assumptions, may not materialize, and are subject to revision without notice. <o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">The market indexes discussed are unmanaged, and generally,
considered representative of their respective markets. Index performance is not
indicative of the past performance of a particular investment. Indexes do not
incur management fees, costs, and expenses. Individuals cannot directly invest
in unmanaged indexes. Past performance does not guarantee future results.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">The Dow Jones Industrial Average is an unmanaged index
that is generally considered representative of large-capitalization companies
on the U.S. stock market. Nasdaq Composite is an index of the common stocks and
similar securities listed on the Nasdaq stock market and is considered a broad
indicator of the performance of technology and growth companies. The MSCI EAFE
Index was created by Morgan Stanley Capital International (MSCI) and serves as
a benchmark of the performance of major international equity markets, as
represented by 21 major MSCI indexes from Europe, Australia, and Southeast
Asia. The S&P 500 Composite Index is an unmanaged group of securities that
are considered to be representative of the stock market in general.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">U.S. Treasury Notes are guaranteed by the federal
government as to the timely payment of principal and interest. However, if you
sell a Treasury Note prior to maturity, it may be worth more or less than the
original price paid. Fixed income investments are subject to various risks
including changes in interest rates, credit quality, inflation risk, market
valuations, prepayments, corporate events, tax ramifications and other factors.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">International investments carry additional risks, which
include differences in financial reporting standards, currency exchange rates,
political risks unique to a specific country, foreign taxes and regulations,
and the potential for illiquid markets. These factors may result in greater
share price volatility. <o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">Please consult your financial professional for additional
information.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">This content is developed from sources believed to be
providing accurate information. The information in this material is not
intended as tax or legal advice. Please consult legal or tax professionals for
specific information regarding your individual situation. This material was
developed and produced by FMG Suite to provide information on a topic that may
be of interest. FMG is not affiliated with the named representative, financial
professional, Registered Investment Advisor, Broker-Dealer, nor state- or
SEC-registered investment advisory firm. The opinions expressed and material
provided are for general information, and they should not be considered a
solicitation for the purchase or sale of any security.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">Copyright 2020 FMG Suite.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">CITATIONS:<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<a href="https://www.blogger.com/u/1/null" name="_Hlk1133051"></a><a href="https://www.blogger.com/u/1/null" name="_Hlk2950709"><span style="mso-bookmark: _Hlk1133051;"><span style="color: #767171; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-themecolor: background2; mso-themeshade: 128;">1. The
Wall Street Journal, September 11, 2020<br />
2. The Wall Street Journal, September 11, 2020<br />
3. The Wall Street Journal, September 11, 2020<br />
4. CNBC.com, September 8, 2020<br />
5. CNBC.com, September 9, 2020<o:p></o:p></span></span></a></div>
<span style="mso-bookmark: _Hlk2950709;"></span>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="mso-bookmark: _Hlk1133051;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">CHART CITATIONS:<o:p></o:p></span></span></div>
<span style="mso-bookmark: _Hlk1133051;"></span>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="color: #767171; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 107%; mso-ascii-theme-font: major-latin; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-themecolor: background2; mso-themeshade: 128;">The Wall Street Journal, September 11, 2020<br />
The Wall Street Journal, September 11, 2020<br />
treasury.gov, September 11, 2020<br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--></span><span style="color: #767171; mso-themecolor: background2; mso-themeshade: 128;"><o:p></o:p></span></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2406513828224710444.post-81787711725295734762020-09-09T16:05:00.002-05:002020-09-09T16:05:10.463-05:00Economic Update for the week of September 9th, 2020
<br />
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 14pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin;">In this week’s recap: Stocks stall late in the week, thanks
to tech markets slide. The jobs recovery makes continued progress.<o:p></o:p></span></i></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 8pt 0in; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 36pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;">Weekly Economic Update</span></b><b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 36pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></b></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 8pt 0in; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shapetype coordsize="21600,21600" filled="f" id="_x0000_t75" o:preferrelative="t" o:spt="75" path="m@4@5l@4@11@9@11@9@5xe" stroked="f">
<v:stroke joinstyle="miter">
<v:formulas>
<v:f eqn="if lineDrawn pixelLineWidth 0">
<v:f eqn="sum @0 1 0">
<v:f eqn="sum 0 0 @1">
<v:f eqn="prod @2 1 2">
<v:f eqn="prod @3 21600 pixelWidth">
<v:f eqn="prod @3 21600 pixelHeight">
<v:f eqn="sum @0 0 1">
<v:f eqn="prod @6 1 2">
<v:f eqn="prod @7 21600 pixelWidth">
<v:f eqn="sum @8 21600 0">
<v:f eqn="prod @7 21600 pixelHeight">
<v:f eqn="sum @10 21600 0">
</v:f>
<v:path gradientshapeok="t" o:connecttype="rect" o:extrusionok="f">
<o:lock aspectratio="t" v:ext="edit">
</o:lock><v:shape id="Picture_x0020_1" o:spid="_x0000_i1036" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></v:path></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:formulas></v:stroke></v:shapetype><span style="color: grey; font-family: "Calibri Light",sans-serif; font-size: 1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 128;"><span style="font-family: Times New Roman; font-size: small;"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin;">Presented by Troy L Thompson, CFP<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>September
9, 2020<o:p></o:p></span></i></span></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 8pt 0in; text-align: center;">
<span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p><span style="font-family: Times New Roman; font-size: small;"> </span></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;">THE WEEK
ON WALL STREET<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">A
late week sell-off sent stocks broadly lower as investors took some profits
after stocks reached all-time highs earlier in the week.<o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">The
Dow Jones Industrial Average slid 1.82%, while the Standard & Poor’s 500
slumped 2.31%. The Nasdaq Composite index dropped 3.27% for the week. The MSCI
EAFE index, which tracks developed overseas stock markets, fell 0.62%.<sup>1-3</sup></span></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 4pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;">Gravity
Reasserts Itself<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Stocks
hit a wall late last week as the technology companies, which had led the market
higher, slipped in Thursday and Friday trading, dragging down the overall
market.<o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">The
week began on an upbeat note as August momentum continued into the start of
September. While participation in the rally on Tuesday and Wednesday was fairly
broad, technology stocks continued to be the focus of market strength. But that
sentiment changed quickly on Thursday.<o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">With
little warning and no obvious catalyst, it remains unclear whether the
technology selloff last week was the result of market technicals or a
fundamental change in investor outlook. The coming weeks may provide some
clarity in this regard.<span style="mso-spacerun: yes;"> </span><sup><o:p></o:p></sup></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 4pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p><span style="font-family: Times New Roman; font-size: small;"> </span></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;">Labor
Market Recovery Sputters Forward<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Last
week saw a series of employment-related reports that evidenced a continued
labor market recovery.<o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">The
Automated Data Processing (ADP) employment survey showed that private payrolls
increased by 428,000 in August, falling short of consensus expectations of over
1.1 million. News turned more positive as new jobless claims checked in at
881,000—an improvement from the over one million new claims the prior week.
Americans receiving unemployment declined by 1.24 million to 13.3 million—half
the peak number in May.<sup>4,5,6<o:p></o:p></sup></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Finally,
the monthly jobs report indicated that nearly 1.4 million nonfarm jobs were
added last month, with the unemployment rate declining to 8.4%. The progress
was predominantly attributable to government hiring, primarily of new Census
workers, though the retail, leisure and hospitality sectors saw gains in new
hiring.<sup>7<o:p></o:p></sup></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_19" o:spid="_x0000_i1035" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p><span style="font-family: Times New Roman; font-size: small;"> </span></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">T I P<span style="mso-spacerun: yes;"> </span>O F<span style="mso-spacerun: yes;">
</span>T H E<span style="mso-spacerun: yes;"> </span>W E E K<br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--></span></span><span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_20" o:spid="_x0000_i1034" style="height: 56.25pt; mso-wrap-style: square; visibility: visible; width: 56.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image002.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><br />
</span></span><span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Sometimes
teens confuse wants with needs. Pointing out the difference will help them
handle money with more maturity (and it may help you save a dollar or two).<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p><span style="font-family: Times New Roman; font-size: small;"> </span></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_21" o:spid="_x0000_i1033" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 3pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p><span style="font-family: Times New Roman; font-size: small;"> </span></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">THE WEEK
AHEAD: KEY ECONOMIC DATA<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Wednesday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Job Openings and Turnover Survey (JOLTS).<b style="mso-bidi-font-weight: normal;"> <o:p></o:p></b></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Thursday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Jobless Claims.</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Friday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Consumer Price Index (CPI).</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Source:
Econoday, September 4, 2020</span><span style="font-family: "Times New Roman",serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">The Econoday economic calendar lists upcoming U.S. economic data
releases (including key economic indicators), Federal Reserve policy meetings,
and speaking engagements of Federal Reserve officials. The content is developed
from sources believed to be providing accurate information. The forecasts or
forward-looking statements are based on assumptions and may not materialize.
The forecasts also are subject to revision.</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: grey; font-family: "Calibri Light",sans-serif; font-size: 2pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p><span style="font-family: Times New Roman; font-size: small;"> </span></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">THE WEEK
AHEAD: COMPANIES REPORTING EARNINGS<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Tuesday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Lululemon (LULU), Coupa Software (COUP), Slack
Technologies (WORK).</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Thursday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Chewy (CHWY), Peloton (PTON).</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Friday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Kroger (KR).</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Source:
Zacks, September 4, 2020</span><span style="font-family: "Times New Roman",serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Companies
mentioned are for informational purposes only. It should not be considered a
solicitation for the purchase or sale of the securities. Investing involves
risks, and investment decisions should be based on your own goals, time
horizon, and tolerance for risk. The return and principal value of investments
will fluctuate as market conditions change. When sold, investments may be worth
more or less than their original cost. Companies may reschedule when they
report earnings without notice.</span><span style="font-family: "Times New Roman",serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: grey; font-family: "Calibri Light",sans-serif; font-size: 2pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p><span style="font-family: Times New Roman; font-size: small;"> </span></o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_26" o:spid="_x0000_i1032" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p><span style="font-family: Times New Roman; font-size: small;"> </span></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Q U O T E<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>O F<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>T H E<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>W E E K<o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p><span style="font-family: Times New Roman; font-size: small;"> </span></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_27" o:spid="_x0000_i1031" style="height: 50.25pt; mso-wrap-style: square; visibility: visible; width: 68.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image003.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 18pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">“Laughter is by definition
healthy.”<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">DORIS LESSING</span></i></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p><span style="font-family: Times New Roman; font-size: small;"> </span></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_28" o:spid="_x0000_i1030" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p><span style="font-family: Times New Roman; font-size: small;"> </span></o:p></span></span></div>
<br />
<div style="margin: 0in;">
<span style="border: currentColor; color: black; font-family: "Calibri",sans-serif; font-size: 11pt; mso-no-proof: yes;"><v:shape id="Picture_x0020_3" o:spid="_x0000_i1029" style="height: 433.5pt; mso-wrap-style: square; visibility: visible; width: 461.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image004.png">
</v:imagedata></v:shape></span><o:p></o:p></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 9pt; letter-spacing: -0.2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Verdana; mso-bidi-font-size: 7.0pt; mso-bidi-font-style: italic; mso-hansi-theme-font: major-latin;"><o:p><span style="font-family: Times New Roman; font-size: small;"> </span></o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_23" o:spid="_x0000_i1028" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p><span style="font-family: Times New Roman; font-size: small;"> </span></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">T H E<span style="mso-spacerun: yes;"> </span>W E E K L Y<span style="mso-spacerun: yes;">
</span>R I D D L E<o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p><span style="font-family: Times New Roman; font-size: small;"> </span></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_24" o:spid="_x0000_i1027" style="height: 75pt; mso-wrap-style: square; visibility: visible; width: 60.75pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image005.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 18pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">If it were two hours later
than right now, it would be half as long until midnight as it would be if it
were an hour later than right now. What time is it?<b style="mso-bidi-font-weight: normal;"><o:p></o:p></b></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p><span style="font-family: Times New Roman; font-size: small;"> </span></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">LAST WEEK’S
RIDDLE: There is a kind of sweet bean that never grows in a garden. What is it?<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">ANSWER: Jelly
Bean.<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p><span style="font-family: Times New Roman; font-size: small;"> </span></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_29" o:spid="_x0000_i1026" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p></o:p></span></i></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p><span style="font-family: Times New Roman; font-size: small;"> </span></o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;">Troy L Thompson, CFP<span style="mso-spacerun: yes;"> </span>may be reached at 515-432-5421 or troy@thompsonfinancialinc.com<br />
www.thompsonfinancialinc.com<br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--><o:p></o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;">Know
someone who could use information like this? <br />
</span></b><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;">Please
feel free to send us their contact information via phone or email. (Don’t worry
– we’ll request their permission before adding them to our mailing list.)</span><span style="font-family: "Calibri Light",sans-serif; font-size: 3pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_31" o:spid="_x0000_i1025" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 10pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">Troy Thompson, CFP<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">DBA Thompson Financial and Hanson Asset Strategies<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">Securities offered through FIRST HEARTLAND CAPITAL, INC.
Member FINRA & SIPC.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<o:p> </o:p></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">Thompson Financial is not affiliated with FIRST HEARTLAND
CAPITAL, INC.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">Investing involves risks, and investment decisions should
be based on your own goals, time horizon, and tolerance for risk. The return
and principal value of investments will fluctuate as market conditions change.
When sold, investments may be worth more or less than their original cost. <o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">The forecasts or forward-looking statements are based on
assumptions, may not materialize, and are subject to revision without notice. <o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">The market indexes discussed are unmanaged, and generally,
considered representative of their respective markets. Index performance is not
indicative of the past performance of a particular investment. Indexes do not
incur management fees, costs, and expenses. Individuals cannot directly invest
in unmanaged indexes. Past performance does not guarantee future results.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">The Dow Jones Industrial Average is an unmanaged index
that is generally considered representative of large-capitalization companies
on the U.S. stock market. Nasdaq Composite is an index of the common stocks and
similar securities listed on the Nasdaq stock market and is considered a broad
indicator of the performance of technology and growth companies. The MSCI EAFE
Index was created by Morgan Stanley Capital International (MSCI) and serves as
a benchmark of the performance of major international equity markets, as
represented by 21 major MSCI indexes from Europe, Australia, and Southeast
Asia. The S&P 500 Composite Index is an unmanaged group of securities that
are considered to be representative of the stock market in general.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">U.S. Treasury Notes are guaranteed by the federal
government as to the timely payment of principal and interest. However, if you
sell a Treasury Note prior to maturity, it may be worth more or less than the
original price paid. Fixed income investments are subject to various risks
including changes in interest rates, credit quality, inflation risk, market
valuations, prepayments, corporate events, tax ramifications and other factors.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">International investments carry additional risks, which
include differences in financial reporting standards, currency exchange rates,
political risks unique to a specific country, foreign taxes and regulations,
and the potential for illiquid markets. These factors may result in greater
share price volatility. <o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">Please consult your financial professional for additional
information.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">This content is developed from sources believed to be
providing accurate information. The information in this material is not
intended as tax or legal advice. Please consult legal or tax professionals for
specific information regarding your individual situation. This material was
developed and produced by FMG Suite to provide information on a topic that may
be of interest. FMG is not affiliated with the named representative, financial
professional, Registered Investment Advisor, Broker-Dealer, nor state- or
SEC-registered investment advisory firm. The opinions expressed and material
provided are for general information, and they should not be considered a
solicitation for the purchase or sale of any security.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">Copyright 2020 FMG Suite.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">CITATIONS:<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<a href="https://www.blogger.com/u/1/null" name="_Hlk1133051"><span style="color: #767171; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-themecolor: background2; mso-themeshade: 128;">1. </span></a><a href="https://www.blogger.com/u/1/null" name="_Hlk50214278"><span style="mso-bookmark: _Hlk1133051;"><span style="color: #767171; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-themecolor: background2; mso-themeshade: 128;">The
Wall Street Journal, September 4, 2020</span></span></a><span style="mso-bookmark: _Hlk1133051;"><span style="color: #767171; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-themecolor: background2; mso-themeshade: 128;"><br />
</span></span><span style="mso-bookmark: _Hlk1133051;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">2. The Wall Street Journal, September 4, 2020<br />
3. The Wall Street Journal, September 4, 2020<br />
4. CNBC, September 2, 2020<br />
5. CNBC, September 3, 2020<br />
6. CNBC, September 3, 2020<br />
7. CNBC, September 4, 2020<br />
<br />
CHART CITATIONS:<o:p></o:p></span></span></div>
<span style="mso-bookmark: _Hlk1133051;"></span>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="color: #767171; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 107%; mso-ascii-theme-font: major-latin; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-themecolor: background2; mso-themeshade: 128;">The Wall Street Journal, September 4, 2020<br />
The Wall Street Journal, September 4, 2020<br />
treasury.gov, September 4, 2020<br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--></span><span style="color: #767171; mso-themecolor: background2; mso-themeshade: 128;"><o:p></o:p></span></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2406513828224710444.post-40496457842039601162020-09-03T14:51:00.003-05:002020-09-03T14:51:31.449-05:00Economic Update for the week of September 3rd, 2020
<br />
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 14pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin;">In this week’s recap: Stocks power higher, while the Dow
makes a few changes.<o:p></o:p></span></i></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 8pt 0in; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 36pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;">Weekly Economic Update</span></b><b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 36pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></b></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 8pt 0in; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shapetype coordsize="21600,21600" filled="f" id="_x0000_t75" o:preferrelative="t" o:spt="75" path="m@4@5l@4@11@9@11@9@5xe" stroked="f">
<v:stroke joinstyle="miter">
<v:formulas>
<v:f eqn="if lineDrawn pixelLineWidth 0">
<v:f eqn="sum @0 1 0">
<v:f eqn="sum 0 0 @1">
<v:f eqn="prod @2 1 2">
<v:f eqn="prod @3 21600 pixelWidth">
<v:f eqn="prod @3 21600 pixelHeight">
<v:f eqn="sum @0 0 1">
<v:f eqn="prod @6 1 2">
<v:f eqn="prod @7 21600 pixelWidth">
<v:f eqn="sum @8 21600 0">
<v:f eqn="prod @7 21600 pixelHeight">
<v:f eqn="sum @10 21600 0">
</v:f>
<v:path gradientshapeok="t" o:connecttype="rect" o:extrusionok="f">
<o:lock aspectratio="t" v:ext="edit">
</o:lock><v:shape id="Picture_x0020_1" o:spid="_x0000_i1036" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></v:path></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:formulas></v:stroke></v:shapetype><span style="color: grey; font-family: "Calibri Light",sans-serif; font-size: 1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 128;"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin;">Presented by Troy L Thompson, CFP<span style="mso-spacerun: yes;"> </span>September 3<sup>rd</sup>, 2020<o:p></o:p></span></i></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 8pt 0in; text-align: center;">
<span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;">THE WEEK
ON WALL STREET<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Stocks
advanced relentlessly last week on positive COVID-19 developments, encouraging
economic data, and a supportive policy shift in the Fed’s approach to its
target inflation rate.<o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">The
Dow Jones Industrial Average increased by 2.59%, while the Standard &
Poor’s 500 jumped 3.26%. The Nasdaq Composite index leaped 3.39% for the week.
The MSCI EAFE index, which tracks developed overseas stock markets, rose 1.19%.<sup>1-3</sup></span></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 4pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;">Stocks
Power Higher<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Investors
pushed stock prices higher all week as hopeful news came with each new day, from
the announcement of a potential treatment for COVID-19 to news that U.S. and
China negotiators had met by videoconference. Despite another high new jobless
claims number, other economic data released during the week indicated a
continuing economic recovery, further supporting investor enthusiasm for
stocks.<sup>4</sup><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">The
Fed’s announcement of a shift in its inflation policy, which suggested that
rates are likely to remain low for a long time, helped push the market higher.
The momentum carried over into Friday, leaving the S&P 500 and NASDAQ
Composite at new record highs and the Dow Jones in positive year-to-date
territory.<sup>5</sup><span style="mso-spacerun: yes;"> </span><sup><o:p></o:p></sup></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 4pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;">Changes
in the Dow Industrials <o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">It
was announced last week that the Dow Jones Industrial Average will be
undergoing some changes. Starting Monday, August 31, Salesforce.com, Amgen, and
Honeywell International will be added to the 30 stocks in the Dow Industrials
and Exxon Mobil, Pfizer, and Raytheon Technologies will be removed.<sup>6</sup>
<o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">In
part, these changes were prompted by Dow-component Apple, which plans a
four-to-one stock split on Monday, August 31. The Dow Jones Industrial Average
is a price-weighted index, and Apple’s split reduces the impact of technology
on the index. The new changes are an attempt to mitigate that issue.<sup>7</sup><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_19" o:spid="_x0000_i1035" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">T I P<span style="mso-spacerun: yes;"> </span>O F<span style="mso-spacerun: yes;">
</span>T H E<span style="mso-spacerun: yes;"> </span>W E E K<br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--></span></span><span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_20" o:spid="_x0000_i1034" style="height: 56.25pt; mso-wrap-style: square; visibility: visible; width: 56.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image002.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><br />
</span></span><span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Establish
a timeline for your financial goals. List what you want to achieve and when,
and review your progress and the deadlines you have set semi-annually or
annually.<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_21" o:spid="_x0000_i1033" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 3pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">THE WEEK
AHEAD: KEY ECONOMIC DATA<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Tuesday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">ISM (Institute of Supply Management) Manufacturing
Index.</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Wednesday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">ADP (Automated Data Processing) Employment Report.
Factory Orders.<b style="mso-bidi-font-weight: normal;"> <o:p></o:p></b></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Thursday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Jobless Claims. ISM (Institute of Supply
Management) Services Index.</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Friday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Employment Situation Report.</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Source:
Econoday, August 28, 2020</span><span style="font-family: "Times New Roman",serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">The Econoday economic calendar lists upcoming U.S. economic data
releases (including key economic indicators), Federal Reserve policy meetings,
and speaking engagements of Federal Reserve officials. The content is developed
from sources believed to be providing accurate information. The forecasts or
forward-looking statements are based on assumptions and may not materialize.
The forecasts also are subject to revision.</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: grey; font-family: "Calibri Light",sans-serif; font-size: 2pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">THE WEEK
AHEAD: COMPANIES REPORTING EARNINGS<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Monday: </span></b><span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="font-family: Calibri;">Zoom Video (ZM)</span></span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">.<b style="mso-bidi-font-weight: normal;"> <o:p></o:p></b></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Wednesday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Macy’s (M), Cloudera, Inc. (CLDR), Mongodb (MDB),
Crowdstrike Holdings (CRWD).<b style="mso-bidi-font-weight: normal;"> <o:p></o:p></b></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Thursday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Broadcom (AVGO), Docusign (DOCU).</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Source:
Zacks, August 28, 2020</span><span style="font-family: "Times New Roman",serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Companies
mentioned are for informational purposes only. It should not be considered a
solicitation for the purchase or sale of the securities. Investing involves
risks, and investment decisions should be based on your own goals, time
horizon, and tolerance for risk. The return and principal value of investments
will fluctuate as market conditions change. When sold, investments may be worth
more or less than their original cost. Companies may reschedule when they
report earnings without notice.</span><span style="font-family: "Times New Roman",serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: grey; font-family: "Calibri Light",sans-serif; font-size: 2pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_26" o:spid="_x0000_i1032" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Q U O T E<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>O F<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>T H E<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>W E E K<o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_27" o:spid="_x0000_i1031" style="height: 50.25pt; mso-wrap-style: square; visibility: visible; width: 68.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image003.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 18pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">“Wisdom is found only in
truth.”<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">JOHANN WOLFGANG
VON GOETHE</span></i></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_28" o:spid="_x0000_i1030" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="border: currentColor; color: black; font-family: "Arial",sans-serif; mso-no-proof: yes;"><v:shape id="Picture_x0020_3" o:spid="_x0000_i1029" style="height: 433.5pt; mso-wrap-style: square; visibility: visible; width: 461.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image004.png">
</v:imagedata></v:shape></span><span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 9pt; letter-spacing: -0.2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Verdana; mso-bidi-font-size: 7.0pt; mso-bidi-font-style: italic; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_23" o:spid="_x0000_i1028" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">T H E<span style="mso-spacerun: yes;"> </span>W E E K L Y<span style="mso-spacerun: yes;">
</span>R I D D L E<o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_24" o:spid="_x0000_i1027" style="height: 75pt; mso-wrap-style: square; visibility: visible; width: 60.75pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image005.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 18pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">There is a kind of sweet bean
that never grows in a garden. What is it?<b style="mso-bidi-font-weight: normal;"><o:p></o:p></b></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">LAST WEEK’S
RIDDLE: A man jumped out of a small plane without a parachute. When he hit the
ground, he wasn’t injured at all. Why?<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">ANSWER: The
plane was parked on the ground.<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_29" o:spid="_x0000_i1026" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p></o:p></span></i></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;">Troy L Thompson, CFP may be
reached at 515-432-5421 or troy@thompsonfinancialinc.com <br />
www.thompsonfinancialinc.com<br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--><o:p></o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;">Know
someone who could use information like this? <br />
</span></b><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;">Please
feel free to send us their contact information via phone or email. (Don’t worry
– we’ll request their permission before adding them to our mailing list.)</span><span style="font-family: "Calibri Light",sans-serif; font-size: 3pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_31" o:spid="_x0000_i1025" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 10pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 8.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">Troy Thompson, CFP<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">DBA Thompson Financial and Hanson Asset Strategies<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">Securities offered through FIRST HEARTLAND CAPITAL, INC.
Member FINRA & SIPC.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<o:p><span style="font-family: Calibri;"> </span></o:p></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">Thompson Financial is not affiliated with FIRST HEARTLAND
CAPITAL, INC.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">Investing involves risks, and investment decisions should
be based on your own goals, time horizon, and tolerance for risk. The return
and principal value of investments will fluctuate as market conditions change.
When sold, investments may be worth more or less than their original cost. <o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">The forecasts or forward-looking statements are based on
assumptions, may not materialize, and are subject to revision without notice. <o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">The market indexes discussed are unmanaged, and generally,
considered representative of their respective markets. Index performance is not
indicative of the past performance of a particular investment. Indexes do not
incur management fees, costs, and expenses. Individuals cannot directly invest
in unmanaged indexes. Past performance does not guarantee future results.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">The Dow Jones Industrial Average is an unmanaged index
that is generally considered representative of large-capitalization companies
on the U.S. stock market. Nasdaq Composite is an index of the common stocks and
similar securities listed on the Nasdaq stock market and is considered a broad
indicator of the performance of technology and growth companies. The MSCI EAFE
Index was created by Morgan Stanley Capital International (MSCI) and serves as
a benchmark of the performance of major international equity markets, as
represented by 21 major MSCI indexes from Europe, Australia, and Southeast
Asia. The S&P 500 Composite Index is an unmanaged group of securities that
are considered to be representative of the stock market in general.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">U.S. Treasury Notes are guaranteed by the federal
government as to the timely payment of principal and interest. However, if you
sell a Treasury Note prior to maturity, it may be worth more or less than the
original price paid. Fixed income investments are subject to various risks
including changes in interest rates, credit quality, inflation risk, market
valuations, prepayments, corporate events, tax ramifications and other factors.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">International investments carry additional risks, which
include differences in financial reporting standards, currency exchange rates,
political risks unique to a specific country, foreign taxes and regulations,
and the potential for illiquid markets. These factors may result in greater
share price volatility. <o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">Please consult your financial professional for additional
information.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">This content is developed from sources believed to be
providing accurate information. The information in this material is not
intended as tax or legal advice. Please consult legal or tax professionals for
specific information regarding your individual situation. This material was
developed and produced by FMG Suite to provide information on a topic that may
be of interest. FMG is not affiliated with the named representative, financial
professional, Registered Investment Advisor, Broker-Dealer, nor state- or
SEC-registered investment advisory firm. The opinions expressed and material
provided are for general information, and they should not be considered a
solicitation for the purchase or sale of any security.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">Copyright 2020 FMG Suite.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">CITATIONS:<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<a href="https://www.blogger.com/u/1/null" name="_Hlk1133051"><span style="color: #767171; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-themecolor: background2; mso-themeshade: 128;">1. The
Wall Street Journal, August 28, 2020<br />
2. The Wall Street Journal, August 28, 2020 <br />
3. The Wall Street Journal, August 28, 2020 <br />
4. CNBC.com, August 27, 2020<br />
5. CNBC.com, August 27, 2020<br />
6. The Wall Street Journal, August 24, 2020<br />
7. CNBC, August 20, 2020<br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--><o:p></o:p></span></a></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="mso-bookmark: _Hlk1133051;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">CHART CITATIONS:<o:p></o:p></span></span></div>
<span style="mso-bookmark: _Hlk1133051;"></span>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="color: #767171; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 107%; mso-ascii-theme-font: major-latin; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-themecolor: background2; mso-themeshade: 128;">The Wall Street Journal, August 28, 2020<br />
The Wall Street Journal, August 28, 2020<br />
treasury.gov, August 28, 2020</span><span style="color: #767171; mso-themecolor: background2; mso-themeshade: 128;"><o:p></o:p></span></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2406513828224710444.post-7403080336184502142020-08-25T14:23:00.002-05:002020-08-25T14:23:35.561-05:00Economic Update for the week of August 25th, 2020
<br />
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 14pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin;">In this week’s recap: Stocks reached new highs, erasing
steep losses from February and March.<o:p></o:p></span></i></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 8pt 0in; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 36pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;">Weekly Economic Update</span></b><b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 36pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></b></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 8pt 0in; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shapetype coordsize="21600,21600" filled="f" id="_x0000_t75" o:preferrelative="t" o:spt="75" path="m@4@5l@4@11@9@11@9@5xe" stroked="f">
<v:stroke joinstyle="miter">
<v:formulas>
<v:f eqn="if lineDrawn pixelLineWidth 0">
<v:f eqn="sum @0 1 0">
<v:f eqn="sum 0 0 @1">
<v:f eqn="prod @2 1 2">
<v:f eqn="prod @3 21600 pixelWidth">
<v:f eqn="prod @3 21600 pixelHeight">
<v:f eqn="sum @0 0 1">
<v:f eqn="prod @6 1 2">
<v:f eqn="prod @7 21600 pixelWidth">
<v:f eqn="sum @8 21600 0">
<v:f eqn="prod @7 21600 pixelHeight">
<v:f eqn="sum @10 21600 0">
</v:f>
<v:path gradientshapeok="t" o:connecttype="rect" o:extrusionok="f">
<o:lock aspectratio="t" v:ext="edit">
</o:lock><v:shape id="Picture_x0020_1" o:spid="_x0000_i1036" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></v:path></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:formulas></v:stroke></v:shapetype><span style="color: grey; font-family: "Calibri Light",sans-serif; font-size: 1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 128;"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin;">Presented by Troy L Thompson<span style="mso-spacerun: yes;">
</span><span style="mso-spacerun: yes;"> </span>August 25, 2020<o:p></o:p></span></i></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 8pt 0in; text-align: center;">
<span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;">THE WEEK
ON WALL STREET<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Stocks
powered to another week of gains as the S&P 500 and Nasdaq Composite set
multiple new record highs along the way.<o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">The
Dow Jones Industrial Average was essentially unchanged while the Standard &
Poor’s 500 rose by 0.72%. The Nasdaq Composite index added 2.65% for the week.
The MSCI EAFE index, which tracks developed overseas stock markets, slipped
0.71%.<sup>1,2,3</sup></span></span><span class="st"><sup><span style="font-family: "Calibri Light",sans-serif; font-size: 3pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></sup></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;"><br />
The S&P 500 Sets Record High<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">The
S&P 500 closed at a record high on Tuesday, erasing the steep losses
suffered in February and March. The recovery has been powered by unprecedented
monetary accommodation, fiscal stimulus, and investor willingness to look ahead
with confidence that global economies will get past the pandemic challenge.
Technology stocks continued to lead the market and helped push the NASDAQ
Composite to new highs.<sup>4 </sup><span style="mso-spacerun: yes;"> </span><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Stocks
were mixed as the week progressed amid some weak economic news, a message of
economic caution from the Fed, and continuing uncertainty over a new fiscal
stimulus plan. Technology momentum provided support for the broader market,
with a late Friday afternoon rally pushing the S&P 500 and Nasdaq Composite
to close out the week at fresh record highs.<sup>5<o:p></o:p></sup></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 4pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;">Not All
Sectors Are Participating<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Behind
last Tuesday’s headline that the S&P 500 had set a new record high lies a
story of a deeply bifurcated market. <o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Despite
a new high, more than half the companies in the index were still trading below
where they began the year. When dissected on an industry sector basis, the
year-to-date performance dispersion was quite wide, with sectors like
Technology (+25.53%), Consumer Discretionary (+16.68%), and Communication
Services (+12.70%) posting strong performance, while Energy (-37.56%) and
Financials (-20.08%) remained sharply down. In fact, nearly half (5 out of 11)
of S&P 500 sectors were still in negative territory year-to-date.<sup>6,7,8<o:p></o:p></sup></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 8.5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><span style="mso-spacerun: yes;"> </span></span></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 3pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_19" o:spid="_x0000_i1035" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">T I P<span style="mso-spacerun: yes;"> </span>O F<span style="mso-spacerun: yes;">
</span>T H E<span style="mso-spacerun: yes;"> </span>W E E K<br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--></span></span><span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_20" o:spid="_x0000_i1034" style="height: 56.25pt; mso-wrap-style: square; visibility: visible; width: 56.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image002.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><br />
</span></span><span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Students
who want to enter college this fall should complete the FAFSA early in the year
to increase eligibility for student aid. After completing it, they should apply
for scholarships as soon as possible.<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_21" o:spid="_x0000_i1033" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 3pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">THE WEEK
AHEAD: KEY ECONOMIC DATA<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Tuesday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Consumer Confidence. New Home Sales.</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Wednesday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Durable Goods Orders.<b style="mso-bidi-font-weight: normal;"> <o:p></o:p></b></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Thursday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Jobless Claims. Gross Domestic Product (GDP).</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Friday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Consumer Sentiment.</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Source:
Econoday, August 21, 2020</span><span style="font-family: "Times New Roman",serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">The Econoday economic calendar lists upcoming U.S. economic data
releases (including key economic indicators), Federal Reserve policy meetings,
and speaking engagements of Federal Reserve officials. The content is developed
from sources believed to be providing accurate information. The forecasts or
forward-looking statements are based on assumptions and may not materialize.
The forecasts also are subject to revision.</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: grey; font-family: "Calibri Light",sans-serif; font-size: 2pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">THE WEEK
AHEAD: COMPANIES REPORTING EARNINGS<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Tuesday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Salesforce.com (CRM), Best Buy (BBY), Intuit (INTU).</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Thursday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Marvell Technology (MRVL), Dollar General (DG),
Dollar Tree (DLTR), Dell Technologies (DELL), VMware (VMW).</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Source:
Zacks, August 21, 2020</span><span style="font-family: "Times New Roman",serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Companies
mentioned are for informational purposes only. It should not be considered a
solicitation for the purchase or sale of the securities. Investing involves
risks, and investment decisions should be based on your own goals, time
horizon, and tolerance for risk. The return and principal value of investments
will fluctuate as market conditions change. When sold, investments may be worth
more or less than their original cost. Companies may reschedule when they
report earnings without notice.</span><span style="font-family: "Times New Roman",serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: grey; font-family: "Calibri Light",sans-serif; font-size: 2pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_26" o:spid="_x0000_i1032" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Q U O T E<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>O F<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>T H E<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>W E E K<o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_27" o:spid="_x0000_i1031" style="height: 50.25pt; mso-wrap-style: square; visibility: visible; width: 68.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image003.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 18pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">“Employ thy time well, if
thou meanest to get leisure.”<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">BENJAMIN
FRANKLIN</span></i></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_28" o:spid="_x0000_i1030" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: Calibri;"><span style="border: currentColor; color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-hansi-font-family: Calibri; mso-no-proof: yes;"><v:shape id="Picture_x0020_3" o:spid="_x0000_i1029" style="height: 433.5pt; mso-wrap-style: square; visibility: visible; width: 461.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image004.png">
</v:imagedata></v:shape></span><span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 9pt; letter-spacing: -0.2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Verdana; mso-bidi-font-size: 7.0pt; mso-bidi-font-style: italic; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_23" o:spid="_x0000_i1028" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">T H E<span style="mso-spacerun: yes;"> </span>W E E K L Y<span style="mso-spacerun: yes;">
</span>R I D D L E<o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_24" o:spid="_x0000_i1027" style="height: 75pt; mso-wrap-style: square; visibility: visible; width: 60.75pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image005.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 18pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">A man jumped out of a small
plane without a parachute. When he hit the ground, he wasn’t injured at all.
Why?<b style="mso-bidi-font-weight: normal;"><o:p></o:p></b></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">LAST WEEK’S
RIDDLE: What number should be next in this series: 9, 16, 25, 36?<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">ANSWER: 49, as
49 = 7 squared. 9 = 3 squared, 16 = 4 squared, and so on.<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_29" o:spid="_x0000_i1026" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p></o:p></span></i></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;">Troy L Thompson, CFP may be
reached at 515-432-5421 or troy@thompsonfinancialinc.com <br />
<a href="http://www.thompsonfinancialinc.com/"><span style="color: #0563c1;">www.thompsonfinancialinc.com</span></a><span style="mso-tab-count: 1;"> </span><br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--><o:p></o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;">Know
someone who could use information like this? <br />
</span></b><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;">Please
feel free to send us their contact information via phone or email. (Don’t worry
– we’ll request their permission before adding them to our mailing list.)</span><span style="font-family: "Calibri Light",sans-serif; font-size: 3pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_31" o:spid="_x0000_i1025" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 10pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 8.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">Troy Thompson, CFP<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">DBA Thompson Financial and Hanson Asset Strategies<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">Securities offered through FIRST HEARTLAND CAPITAL, INC.
Member FINRA & SIPC.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">Thompson Financial is not affiliated with FIRST HEARTLAND
CAPITAL, INC.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">Investing involves risks, and investment decisions should
be based on your own goals, time horizon, and tolerance for risk. The return
and principal value of investments will fluctuate as market conditions change.
When sold, investments may be worth more or less than their original cost. <o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">The forecasts or forward-looking statements are based on
assumptions, may not materialize, and are subject to revision without notice. <o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">The market indexes discussed are unmanaged, and generally,
considered representative of their respective markets. Index performance is not
indicative of the past performance of a particular investment. Indexes do not
incur management fees, costs, and expenses. Individuals cannot directly invest
in unmanaged indexes. Past performance does not guarantee future results.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">The Dow Jones Industrial Average is an unmanaged index
that is generally considered representative of large-capitalization companies
on the U.S. stock market. Nasdaq Composite is an index of the common stocks and
similar securities listed on the Nasdaq stock market and is considered a broad
indicator of the performance of technology and growth companies. The MSCI EAFE
Index was created by Morgan Stanley Capital International (MSCI) and serves as
a benchmark of the performance of major international equity markets, as
represented by 21 major MSCI indexes from Europe, Australia, and Southeast
Asia. The S&P 500 Composite Index is an unmanaged group of securities that
are considered to be representative of the stock market in general.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">U.S. Treasury Notes are guaranteed by the federal
government as to the timely payment of principal and interest. However, if you
sell a Treasury Note prior to maturity, it may be worth more or less than the
original price paid. Fixed income investments are subject to various risks
including changes in interest rates, credit quality, inflation risk, market
valuations, prepayments, corporate events, tax ramifications and other factors.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">International investments carry additional risks, which
include differences in financial reporting standards, currency exchange rates,
political risks unique to a specific country, foreign taxes and regulations,
and the potential for illiquid markets. These factors may result in greater
share price volatility. <o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">Please consult your financial professional for additional
information.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">This content is developed from sources believed to be
providing accurate information. The information in this material is not
intended as tax or legal advice. Please consult legal or tax professionals for
specific information regarding your individual situation. This material was
developed and produced by FMG Suite to provide information on a topic that may
be of interest. FMG is not affiliated with the named representative, financial
professional, Registered Investment Advisor, Broker-Dealer, nor state- or
SEC-registered investment advisory firm. The opinions expressed and material
provided are for general information, and they should not be considered a
solicitation for the purchase or sale of any security.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">Copyright 2020 FMG Suite.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">CITATIONS:<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<a href="https://draft.blogger.com/u/1/null" name="_Hlk1133051"><span style="color: #767171; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-themecolor: background2; mso-themeshade: 128;">1. The
Wall Street Journal, August 21, 2020<br />
2. The Wall Street Journal, August 21, 2020 <br />
3. The Wall Street Journal, August 21, 2020 <br />
4. The Wall Street Journal, August 18, 2020<br />
5. CNBC.com, August 19, 2020 <br />
6. BBC News, August 18, 2020<br />
7. FactSet.com, August 21, 2020<br />
8. FactSet.com, August 21, 2020<br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--><o:p></o:p></span></a></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="mso-bookmark: _Hlk1133051;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">CHART CITATIONS:<o:p></o:p></span></span></div>
<span style="mso-bookmark: _Hlk1133051;"></span>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="color: #767171; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 107%; mso-ascii-theme-font: major-latin; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-themecolor: background2; mso-themeshade: 128;">The Wall Street Journal, August 21, 2020<br />
The Wall Street Journal, August 21, 2020<br />
treasury.gov, August 21, 2020</span><span style="color: #767171; mso-themecolor: background2; mso-themeshade: 128;"><o:p></o:p></span></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2406513828224710444.post-73481384375075278852020-08-19T10:21:00.001-05:002020-08-19T10:21:20.246-05:00Economic Update for the week of August 19th, 2020
<br />
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 14pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin;">In this week’s recap: stocks rise, and consumer prices jump;
COVID-19 cases slow; Congressional talks stall.<o:p></o:p></span></i></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 8pt 0in; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 36pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;">Weekly Economic Update</span></b><b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 36pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></b></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 8pt 0in; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shapetype coordsize="21600,21600" filled="f" id="_x0000_t75" o:preferrelative="t" o:spt="75" path="m@4@5l@4@11@9@11@9@5xe" stroked="f">
<v:stroke joinstyle="miter">
<v:formulas>
<v:f eqn="if lineDrawn pixelLineWidth 0">
<v:f eqn="sum @0 1 0">
<v:f eqn="sum 0 0 @1">
<v:f eqn="prod @2 1 2">
<v:f eqn="prod @3 21600 pixelWidth">
<v:f eqn="prod @3 21600 pixelHeight">
<v:f eqn="sum @0 0 1">
<v:f eqn="prod @6 1 2">
<v:f eqn="prod @7 21600 pixelWidth">
<v:f eqn="sum @8 21600 0">
<v:f eqn="prod @7 21600 pixelHeight">
<v:f eqn="sum @10 21600 0">
</v:f>
<v:path gradientshapeok="t" o:connecttype="rect" o:extrusionok="f">
<o:lock aspectratio="t" v:ext="edit">
</o:lock><v:shape id="Picture_x0020_1" o:spid="_x0000_i1036" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></v:path></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:formulas></v:stroke></v:shapetype><span style="color: grey; font-family: "Calibri Light",sans-serif; font-size: 1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 128;"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin;">Presented by Troy L Thompson, CFP<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>August
19, 2020<o:p></o:p></span></i></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 8pt 0in; text-align: center;">
<span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;">THE WEEK
ON WALL STREET<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Stock
prices drifted higher in an otherwise quiet news week, as a slowdown in new
COVID-19 cases outweighed a Congressional impasse on a new fiscal spending
measure. <o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">The
Dow Jones Industrial Average gained 1.81%, while the Standard & Poor’s 500
rose by 0.64%. The Nasdaq Composite Index inched 0.08% higher for the week. The
MSCI EAFE Index, which tracks developed stock markets overseas, advanced 3.11%.<sup>1,2,3</sup></span></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 4pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;">S&P
500 Nears All-Time High <o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Stocks
prices were supported by a falling rate of COVID-19 cases nationwide and
optimism that </span></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-bidi-font-size: 11.0pt;">–
</span></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">despite a lack of progress on a fiscal aid bill
</span></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-bidi-font-size: 11.0pt;">– </span></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Congress would eventually come to a spending
agreement.<sup>4</sup> <o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">The
industrial and financial sectors saw solid gains, while technology stocks,
after slipping earlier in the week, found some footing as the week came to a
close.<o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">The
S&P 500 Index flirted all week with setting a new record high. At one point
on Thursday, it traded above its February 2020 record close before closing
slightly lower. Stocks treaded water into Friday, as Congress recessed for the
summer.<sup>5</sup><span style="mso-spacerun: yes;"> </span><sup><o:p></o:p></sup></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;">Consumer
Prices Jump <o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">On
Wednesday, the Labor Department said that the Consumer Price Index rose 0.6% in
July, matching the 0.6% increase in June. The increase was double the consensus
estimate of 0.3%. The general view is that the acceleration in consumer prices
is more indicative of a healing economy than the beginning of a cycle of higher
inflation.<sup>6,7<o:p></o:p></sup></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">The
Fed does not appear concerned about these recent monthly price jumps. It
remains more worried about disinflation. However, if inflation continues to
pick up, the Fed may be forced to reconsider its COVID-19 monetary policy.<sup>8<o:p></o:p></sup></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_19" o:spid="_x0000_i1035" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">T I P<span style="mso-spacerun: yes;"> </span>O F<span style="mso-spacerun: yes;">
</span>T H E<span style="mso-spacerun: yes;"> </span>W E E K<br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--></span></span><span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_20" o:spid="_x0000_i1034" style="height: 56.25pt; mso-wrap-style: square; visibility: visible; width: 56.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image002.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><br />
</span></span><span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Is
your business structured to limit your liability? Your financial professional
may be able to provide some insights about what business structures to consider.<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_21" o:spid="_x0000_i1033" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 3pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">THE WEEK
AHEAD: KEY ECONOMIC DATA<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Tuesday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Housing Starts.</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Wednesday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Federal Open Market Committee (FOMC) Minutes.<b style="mso-bidi-font-weight: normal;"> <o:p></o:p></b></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Thursday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Jobless Claims. Index of Leading Economic
Indicators.</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Friday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Existing Home Sales.</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Source:
Econoday, August 14, 2020</span><span style="font-family: "Times New Roman",serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">The Econoday economic calendar lists upcoming U.S. economic data
releases (including key economic indicators), Federal Reserve policy meetings,
and speaking engagements of Federal Reserve officials. The content is developed
from sources believed to be providing accurate information. The forecasts or
forward-looking statements are based on assumptions and may not materialize.
The forecasts also are subject to revision.</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: grey; font-family: "Calibri Light",sans-serif; font-size: 2pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">THE WEEK
AHEAD: COMPANIES REPORTING EARNINGS<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Monday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">JD.com (JD).<b style="mso-bidi-font-weight: normal;">
<o:p></o:p></b></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Tuesday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Walmart (WMT), The Home Depot (HD), Kohls (KSS).</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Wednesday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Nvidia (NVDA), Target (TGT), Lowe’s (LOW).<b style="mso-bidi-font-weight: normal;"> <o:p></o:p></b></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Thursday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Alibaba Group (BABA).</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Friday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">John Deere (DE).</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Source:
Zacks, August 14, 2020</span><span style="font-family: "Times New Roman",serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Companies
mentioned are for informational purposes only. It should not be considered a
solicitation for the purchase or sale of the securities. Investing involves
risks, and investment decisions should be based on your own goals, time
horizon, and tolerance for risk. The return and principal value of investments
will fluctuate as market conditions change. When sold, investments may be worth
more or less than their original cost. Companies may reschedule when they
report earnings without notice.</span><span style="font-family: "Times New Roman",serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: grey; font-family: "Calibri Light",sans-serif; font-size: 2pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_26" o:spid="_x0000_i1032" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Q U O T E<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>O F<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>T H E<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>W E E K<o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_27" o:spid="_x0000_i1031" style="height: 50.25pt; mso-wrap-style: square; visibility: visible; width: 68.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image003.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 18pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">“Wise men make more opportunities
than they find.”<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">SIR FRANCIS
BACON</span></i></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_28" o:spid="_x0000_i1030" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: Calibri;"><span style="border: currentColor; color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-hansi-font-family: Calibri; mso-no-proof: yes;"><v:shape id="Picture_x0020_3" o:spid="_x0000_i1029" style="height: 433.5pt; mso-wrap-style: square; visibility: visible; width: 461.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image004.png">
</v:imagedata></v:shape></span><span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 9pt; letter-spacing: -0.2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Verdana; mso-bidi-font-size: 7.0pt; mso-bidi-font-style: italic; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_23" o:spid="_x0000_i1028" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">T H E<span style="mso-spacerun: yes;"> </span>W E E K L Y<span style="mso-spacerun: yes;">
</span>R I D D L E<o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_24" o:spid="_x0000_i1027" style="height: 75pt; mso-wrap-style: square; visibility: visible; width: 60.75pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image005.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 18pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">What number should be next in
this series: 9, 16, 25, 36?<b style="mso-bidi-font-weight: normal;"><o:p></o:p></b></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">LAST WEEK’S
RIDDLE: Nancy was born in summer, yet she was born in January. How is this possible?<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">ANSWER: She was
born in the southern hemisphere.<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_29" o:spid="_x0000_i1026" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p></o:p></span></i></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;">Troy L Thompson, CFP may be
reached at 515-432-5421 or troy@thompsonfinancialinc.com <br />
www.thompsonfinancialinc.com<br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--><o:p></o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;">Know
someone who could use information like this? <br />
</span></b><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;">Please
feel free to send us their contact information via phone or email. (Don’t worry
– we’ll request their permission before adding them to our mailing list.)</span><span style="font-family: "Calibri Light",sans-serif; font-size: 3pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_31" o:spid="_x0000_i1025" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 10pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 8.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">Troy Thompson, CFP<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">DBA Thompson Financial and Hanson Asset Strategies<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">Securities offered through FIRST HEARTLAND CAPITAL, INC.
Member FINRA & SIPC.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<o:p><span style="font-family: Calibri;"> </span></o:p></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">Thompson Financial is not affiliated with FIRST HEARTLAND
CAPITAL, INC.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">Investing involves risks, and investment decisions should
be based on your own goals, time horizon, and tolerance for risk. The return
and principal value of investments will fluctuate as market conditions change.
When sold, investments may be worth more or less than their original cost. <o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">The forecasts or forward-looking statements are based on
assumptions, may not materialize, and are subject to revision without notice. <o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">The market indexes discussed are unmanaged, and generally,
considered representative of their respective markets. Index performance is not
indicative of the past performance of a particular investment. Indexes do not
incur management fees, costs, and expenses. Individuals cannot directly invest
in unmanaged indexes. Past performance does not guarantee future results.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">The Dow Jones Industrial Average is an unmanaged index
that is generally considered representative of large-capitalization companies
on the U.S. stock market. Nasdaq Composite is an index of the common stocks and
similar securities listed on the Nasdaq stock market and is considered a broad
indicator of the performance of technology and growth companies. The MSCI EAFE
Index was created by Morgan Stanley Capital International (MSCI) and serves as
a benchmark of the performance of major international equity markets, as
represented by 21 major MSCI indexes from Europe, Australia, and Southeast
Asia. The S&P 500 Composite Index is an unmanaged group of securities that
are considered to be representative of the stock market in general.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">U.S. Treasury Notes are guaranteed by the federal
government as to the timely payment of principal and interest. However, if you
sell a Treasury Note prior to maturity, it may be worth more or less than the
original price paid. Fixed income investments are subject to various risks
including changes in interest rates, credit quality, inflation risk, market
valuations, prepayments, corporate events, tax ramifications and other factors.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">International investments carry additional risks, which
include differences in financial reporting standards, currency exchange rates,
political risks unique to a specific country, foreign taxes and regulations,
and the potential for illiquid markets. These factors may result in greater
share price volatility. <o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">Please consult your financial professional for additional
information.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">This content is developed from sources believed to be
providing accurate information. The information in this material is not
intended as tax or legal advice. Please consult legal or tax professionals for
specific information regarding your individual situation. This material was
developed and produced by FMG Suite to provide information on a topic that may
be of interest. FMG is not affiliated with the named representative, financial
professional, Registered Investment Advisor, Broker-Dealer, nor state- or
SEC-registered investment advisory firm. The opinions expressed and material
provided are for general information, and they should not be considered a
solicitation for the purchase or sale of any security.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">Copyright 2020 FMG Suite.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">CITATIONS:<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<a href="https://www.blogger.com/u/1/null" name="_Hlk1133051"><span style="color: #767171; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-themecolor: background2; mso-themeshade: 128;">1. </span></a><a href="https://www.blogger.com/u/1/null" name="_Hlk48307757"><span style="mso-bookmark: _Hlk1133051;"><span style="color: #767171; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-themecolor: background2; mso-themeshade: 128;">The
Wall Street Journal, August 14, 2020</span><span style="font-family: Calibri;"> </span></span></a><span style="mso-bookmark: _Hlk1133051;"><br /><span style="font-family: Calibri;">
</span></span><span style="mso-bookmark: _Hlk1133051;"><span style="color: #767171; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-themecolor: background2; mso-themeshade: 128;">2. The Wall Street
Journal, August 14, 2020 <br />
3. The Wall Street Journal, August 14, 2020 <br />
4. <a href="https://www.blogger.com/u/1/null" name="_Hlk48307774">CNBC, August 12, 2020 </a><br />
5. <a href="https://www.blogger.com/u/1/null" name="_Hlk48307783">CNBC, August 13, 2020 </a><br />
6. <a href="https://www.blogger.com/u/1/null" name="_Hlk48307793">The Wall Street Journal, August 12, 2020 </a><br />
7. <a href="https://www.blogger.com/u/1/null" name="_Hlk48307802">The Wall Street Journal, August 12, 2020 </a><br />
8. <a href="https://www.blogger.com/u/1/null" name="_Hlk48307810">CNBC, August 12, 2020</a><br />
<br />
</span></span><span style="mso-bookmark: _Hlk1133051;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">CHART CITATIONS:<o:p></o:p></span></span></div>
<span style="mso-bookmark: _Hlk1133051;"></span>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="color: #767171; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 107%; mso-ascii-theme-font: major-latin; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-themecolor: background2; mso-themeshade: 128;">The Wall Street Journal, August 14, 2020 <br />
The Wall Street Journal, August 14, 2020 <br />
treasury.gov, August 14, 2020</span><span style="color: #767171; mso-themecolor: background2; mso-themeshade: 128;"><o:p></o:p></span></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2406513828224710444.post-43150607331020454202020-08-12T16:27:00.002-05:002020-08-12T16:27:28.183-05:00Economic Update for the week August 12th, 2020
<br />
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 14pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin;">In this week’s recap: Stocks rise as earnings season winds
to an end; no results in fiscal stimulus talks.<o:p></o:p></span></i></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 8pt 0in; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 36pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;">Weekly Economic Update</span></b><b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 36pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></b></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 8pt 0in; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shapetype coordsize="21600,21600" filled="f" id="_x0000_t75" o:preferrelative="t" o:spt="75" path="m@4@5l@4@11@9@11@9@5xe" stroked="f">
<v:stroke joinstyle="miter">
<v:formulas>
<v:f eqn="if lineDrawn pixelLineWidth 0">
<v:f eqn="sum @0 1 0">
<v:f eqn="sum 0 0 @1">
<v:f eqn="prod @2 1 2">
<v:f eqn="prod @3 21600 pixelWidth">
<v:f eqn="prod @3 21600 pixelHeight">
<v:f eqn="sum @0 0 1">
<v:f eqn="prod @6 1 2">
<v:f eqn="prod @7 21600 pixelWidth">
<v:f eqn="sum @8 21600 0">
<v:f eqn="prod @7 21600 pixelHeight">
<v:f eqn="sum @10 21600 0">
</v:f>
<v:path gradientshapeok="t" o:connecttype="rect" o:extrusionok="f">
<o:lock aspectratio="t" v:ext="edit">
</o:lock><v:shape id="Picture_x0020_1" o:spid="_x0000_i1036" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></v:path></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:formulas></v:stroke></v:shapetype><span style="color: grey; font-family: "Calibri Light",sans-serif; font-size: 1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 128;"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin;">Presented by Troy L Thompson, CFP<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>August 12, 2020<o:p></o:p></span></i></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 8pt 0in; text-align: center;">
<span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;">THE WEEK
ON WALL STREET<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Overlooking
stalled efforts by Congress to pass a new fiscal stimulus bill, stocks marched
higher last week with the Dow Jones Industrials leading the way and the NASDAQ
Composite setting multiple fresh record highs. <o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">The
Dow Jones Industrial Average gained 3.80%, while the Standard & Poor’s 500
rose by 2.45%. The Nasdaq Composite index climbed 2.47% for the week. The MSCI
EAFE index, which tracks developed overseas stock markets, advanced 2.31%.<sup>1-3</sup></span></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 3pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;">Earnings
Season Winds Down <o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">A
string of encouraging news reports, including a decline in new COVID-19 cases
nationwide, pushed stock prices higher throughout the week. Stocks also rallied
on signs of a pick-up in manufacturing activity, factory orders that came in
well above estimates, and a better-than-expected new jobless claims number.<sup>4,5</sup><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Congress
wasn’t able to come to an agreement on a stimulus package, which disappointed
some investors. But it wasn’t enough to slow the daily climb in the equity
markets, with the NASDAQ Composite index closing above 11,000 for the first
time, while the S&P 500 index closed in on its record high set in February
of this year.<sup>6</sup><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Stocks
drifted on Friday even though the employment report showed that employers added
1.8 million jobs in July, lowering the unemployment rate to 10.2%.<sup>7<o:p></o:p></sup></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;">One Eye
on Bonds, Gold<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">The
continued rally in stock prices appears to suggest that the U.S. economy may
maintain its recovery through the second half of the year and into 2021. But
the bond market and gold prices suggest a different outlook.<o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Last
week the yield on 10-year Treasuries touched their lowest level since early
March, signaling that bond investors may be less convinced about economic
prospects.<sup>8</sup><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Meanwhile,
gold traded over $2,000 per ounce. While the rise in gold prices this year has
been largely propelled by historically low interest rates, its reputation as a
store of value has attracted investors worried about stock market volatility
and a potential uptick in inflation.<sup>9<o:p></o:p></sup></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;">FINAL Thoughts<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">It
was reported last week that the U.S. and China agreed to meet by
videoconference on August 15 to discuss compliance with the terms of the Phase
One trade deal.<sup>10</sup><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">With
tensions running high between the two nations, expect Wall Street to keep a
close eye on any developments that may appear connected to the virtual meeting.<sup><o:p></o:p></sup></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_19" o:spid="_x0000_i1035" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">T I P<span style="mso-spacerun: yes;"> </span>O F<span style="mso-spacerun: yes;">
</span>T H E<span style="mso-spacerun: yes;"> </span>W E E K<br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--></span></span><span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_20" o:spid="_x0000_i1034" style="height: 56.25pt; mso-wrap-style: square; visibility: visible; width: 56.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image002.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><br />
</span></span><span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">If
a major financial or life event is coming up on your calendar, talk to a
financial professional about it now. See what ideas they may have about how to
manage the event.<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_21" o:spid="_x0000_i1033" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 3pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">THE WEEK
AHEAD: KEY ECONOMIC DATA<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Monday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Job Openings and Labor Turnover Survey (JOLTS).<b style="mso-bidi-font-weight: normal;"> <o:p></o:p></b></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Wednesday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Consumer Price Index (CPI).<b style="mso-bidi-font-weight: normal;"> <o:p></o:p></b></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Thursday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Jobless Claims.</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Friday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Retail Sales. Industrial Production. Consumer
Sentiment.</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Source:
Econoday, August 7, 2020</span><span style="font-family: "Times New Roman",serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">The Econoday economic calendar lists upcoming U.S. economic data
releases (including key economic indicators), Federal Reserve policy meetings,
and speaking engagements of Federal Reserve officials. The content is developed
from sources believed to be providing accurate information. The forecasts or
forward-looking statements are based on assumptions and may not materialize.
The forecasts also are subject to revision.</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: grey; font-family: "Calibri Light",sans-serif; font-size: 2pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">THE WEEK
AHEAD: COMPANIES REPORTING EARNINGS<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Monday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Marriott International (MAR).<b style="mso-bidi-font-weight: normal;"> <o:p></o:p></b></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Wednesday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Cisco Systems (CSCO), Tencent Holdings (TCEHY),
Lyft (LYFT).<b style="mso-bidi-font-weight: normal;"> <o:p></o:p></b></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Friday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Draftkings (DKNG).</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Source:
Zacks, August 7, 2020</span><span style="font-family: "Times New Roman",serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Companies
mentioned are for informational purposes only. It should not be considered a
solicitation for the purchase or sale of the securities. Investing involves
risks, and investment decisions should be based on your own goals, time
horizon, and tolerance for risk. The return and principal value of investments
will fluctuate as market conditions change. When sold, investments may be worth
more or less than their original cost. Companies may reschedule when they
report earnings without notice.</span><span style="font-family: "Times New Roman",serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: grey; font-family: "Calibri Light",sans-serif; font-size: 2pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_26" o:spid="_x0000_i1032" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Q U O T E<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>O F<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>T H E<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>W E E K<o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_27" o:spid="_x0000_i1031" style="height: 50.25pt; mso-wrap-style: square; visibility: visible; width: 68.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image003.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 18pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">“Friendship marks a life even
more deeply than love.”<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">ELIE WIESEL</span></i></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_28" o:spid="_x0000_i1030" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="border: currentColor; color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-hansi-font-family: Calibri; mso-no-proof: yes;"><v:shape id="Picture_x0020_3" o:spid="_x0000_i1029" style="height: 433.5pt; mso-wrap-style: square; visibility: visible; width: 461.25pt;" type="#_x0000_t75"><span style="font-family: Calibri;">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image004.png">
</v:imagedata></span></v:shape></span><span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 9pt; letter-spacing: -0.2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Verdana; mso-bidi-font-size: 7.0pt; mso-bidi-font-style: italic; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><span style="mso-spacerun: yes;"> </span></span><span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 9pt; letter-spacing: -0.2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Verdana; mso-bidi-font-size: 7.0pt; mso-bidi-font-style: italic; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_23" o:spid="_x0000_i1028" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">T H E<span style="mso-spacerun: yes;"> </span>W E E K L Y<span style="mso-spacerun: yes;">
</span>R I D D L E<o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_24" o:spid="_x0000_i1027" style="height: 75pt; mso-wrap-style: square; visibility: visible; width: 60.75pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image005.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 18pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Nancy was born in summer, yet
she was born in January. How is this possible?<b style="mso-bidi-font-weight: normal;"><o:p></o:p></b></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">LAST WEEK’S
RIDDLE: You spend 20% of the money in your wallet. Then you spend 20% of what
remains in your wallet after that. You spend $72.00 total. How much money did
you originally have in your wallet?<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">ANSWER: $200.
$200 - $40 = $160, then $160 - $32 = $128 with $72 of the original $200 spent.<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_29" o:spid="_x0000_i1026" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p></o:p></span></i></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;">Troy L Thompson, CFP may be
reached at 515-432-5421 or www.thompsonfinancialinc.com<br />
www.thompsonfinancialinc.com<br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--><o:p></o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;">Know
someone who could use information like this? <br />
</span></b><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;">Please
feel free to send us their contact information via phone or email. (Don’t worry
– we’ll request their permission before adding them to our mailing list.)</span><span style="font-family: "Calibri Light",sans-serif; font-size: 3pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_31" o:spid="_x0000_i1025" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 10pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 8.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">Troy Thompson, CFP<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">DBA Thompson Financial and Hanson Asset Strategies<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">Securities offered through FIRST HEARTLAND CAPITAL, INC.
Member FINRA & SIPC.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<o:p><span style="font-family: Calibri;"> </span></o:p></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">Thompson Financial is not affiliated with FIRST HEARTLAND
CAPITAL, INC.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">Investing involves risks, and investment decisions should
be based on your own goals, time horizon, and tolerance for risk. The return
and principal value of investments will fluctuate as market conditions change.
When sold, investments may be worth more or less than their original cost. <o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">The forecasts or forward-looking statements are based on
assumptions, may not materialize, and are subject to revision without notice. <o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">The market indexes discussed are unmanaged, and generally,
considered representative of their respective markets. Index performance is not
indicative of the past performance of a particular investment. Indexes do not
incur management fees, costs, and expenses. Individuals cannot directly invest
in unmanaged indexes. Past performance does not guarantee future results.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">The Dow Jones Industrial Average is an unmanaged index
that is generally considered representative of large-capitalization companies
on the U.S. stock market. Nasdaq Composite is an index of the common stocks and
similar securities listed on the Nasdaq stock market and is considered a broad
indicator of the performance of technology and growth companies. The MSCI EAFE
Index was created by Morgan Stanley Capital International (MSCI) and serves as
a benchmark of the performance of major international equity markets, as
represented by 21 major MSCI indexes from Europe, Australia, and Southeast
Asia. The S&P 500 Composite Index is an unmanaged group of securities that
are considered to be representative of the stock market in general.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">U.S. Treasury Notes are guaranteed by the federal
government as to the timely payment of principal and interest. However, if you
sell a Treasury Note prior to maturity, it may be worth more or less than the
original price paid. Fixed income investments are subject to various risks
including changes in interest rates, credit quality, inflation risk, market
valuations, prepayments, corporate events, tax ramifications and other factors.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">International investments carry additional risks, which
include differences in financial reporting standards, currency exchange rates,
political risks unique to a specific country, foreign taxes and regulations,
and the potential for illiquid markets. These factors may result in greater
share price volatility. <o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">Please consult your financial professional for additional
information.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">This content is developed from sources believed to be
providing accurate information. The information in this material is not
intended as tax or legal advice. Please consult legal or tax professionals for
specific information regarding your individual situation. This material was
developed and produced by FMG Suite to provide information on a topic that may
be of interest. FMG is not affiliated with the named representative, financial
professional, Registered Investment Advisor, Broker-Dealer, nor state- or
SEC-registered investment advisory firm. The opinions expressed and material
provided are for general information, and they should not be considered a
solicitation for the purchase or sale of any security.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">Copyright 2020 FMG Suite.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">CITATIONS:<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<a href="https://www.blogger.com/u/1/null" name="_Hlk1133051"><span style="color: #767171; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-themecolor: background2; mso-themeshade: 128;">1. The
Wall Street Journal, August 7, 2020<br />
2. The Wall Street Journal, August 7, 2020 <br />
3. The Wall Street Journal, August 7, 2020 <br />
4. MarketWatch.com, August 4, 2020 <br />
5. The Wall Street Journal, August 6, 2020 <br />
6. CNBC, August 6, 2020 <br />
7. The Wall Street Journal, August 7, 2020 <br />
8. MarketWatch, August 4, 2020 <br />
9. The Wall Street Journal, August 5, 2020 <br />
10. CNBC.com, August 4, 2020<br />
<span style="mso-spacerun: yes;"> </span><o:p></o:p></span></a></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="mso-bookmark: _Hlk1133051;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">CHART CITATIONS:<o:p></o:p></span></span></div>
<span style="mso-bookmark: _Hlk1133051;"></span>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="color: #767171; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 107%; mso-ascii-theme-font: major-latin; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-themecolor: background2; mso-themeshade: 128;">The Wall Street Journal, August 7, 2020<br />
The Wall Street Journal, August 7, 2020<br />
Treasury.gov, August 7, 2020</span><span style="color: #767171; mso-themecolor: background2; mso-themeshade: 128;"><o:p></o:p></span></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2406513828224710444.post-71279974553879985552020-08-03T16:08:00.003-05:002020-08-03T16:08:47.617-05:00Economic Update for the week of August 3rd, 2020
<br />
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in 10pt; text-align: center;">
<i style="mso-bidi-font-style: normal;"><span style="font-family: "Cambria",serif; font-size: 14pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin;">In this week’s recap: stocks have a mixed reaction to
earnings, economic data, and a potential stimulus.<o:p></o:p></span></i></div>
<br />
<div align="center" class="MsoNormal" style="margin: 8pt 0in 10pt; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Cambria",serif; font-size: 36pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin; mso-no-proof: yes;">Weekly Economic Update</span></b><b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Cambria",serif; font-size: 36pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></b></div>
<br />
<div align="center" class="MsoNormal" style="margin: 8pt 0in 10pt; text-align: center;">
<span style="font-family: "Cambria",serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shapetype coordsize="21600,21600" filled="f" id="_x0000_t75" o:preferrelative="t" o:spt="75" path="m@4@5l@4@11@9@11@9@5xe" stroked="f">
<v:stroke joinstyle="miter">
<v:formulas>
<v:f eqn="if lineDrawn pixelLineWidth 0">
<v:f eqn="sum @0 1 0">
<v:f eqn="sum 0 0 @1">
<v:f eqn="prod @2 1 2">
<v:f eqn="prod @3 21600 pixelWidth">
<v:f eqn="prod @3 21600 pixelHeight">
<v:f eqn="sum @0 0 1">
<v:f eqn="prod @6 1 2">
<v:f eqn="prod @7 21600 pixelWidth">
<v:f eqn="sum @8 21600 0">
<v:f eqn="prod @7 21600 pixelHeight">
<v:f eqn="sum @10 21600 0">
</v:f>
<v:path gradientshapeok="t" o:connecttype="rect" o:extrusionok="f">
<o:lock aspectratio="t" v:ext="edit">
</o:lock><v:shape id="Picture_x0020_2" o:spid="_x0000_i1036" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></v:path></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:formulas></v:stroke></v:shapetype><span style="color: grey; font-family: "Cambria",serif; font-size: 1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 128;"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "Cambria",serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin;">Presented by Troy
L Thompson, CFP<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>August 3, 2020<o:p></o:p></span></i></span></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 8pt 0in 10pt; text-align: center;">
<span style="color: black; font-family: "Cambria",serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Cambria",serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin; text-transform: uppercase;">THE WEEK ON WALL STREET<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt; text-align: justify;">
<span class="st"><span style="font-family: "Cambria",serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin;">Stocks
were mixed last week amid a busy week of earnings, some troubling economic
data, and seemingly little progress on a new fiscal stimulus package. <o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt; text-align: justify;">
<span class="st"><span style="font-family: "Cambria",serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin;">The
Dow Jones Industrial Average slipped 0.16%, while the Standard & Poor’s 500
increased by 1.73%. The Nasdaq Composite Index surged 3.69% for the week. The
MSCI EAFE Index, which tracks developed stock markets overseas, dipped 0.75%.<sup>1,2,3</sup>
</span></span><span class="st"><span style="font-family: "Cambria",serif; font-size: 4pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Cambria; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Cambria",serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin; text-transform: uppercase;">Stocks Buffeted by
Crosswinds<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt; text-align: justify;">
<span class="st"><span style="font-family: "Cambria",serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin;">Stocks
rode a roller coaster last week, reacting to a conflicting stream of corporate
events and economic data.<o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt; text-align: justify;">
<span class="st"><span style="font-family: "Cambria",serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin;">Investors
were optimistic on Monday about the ability of mega-cap technology companies to
thrive in an uncertain economy, but worried on Tuesday about pending
Congressional testimony involving the CEOs of these firms.<o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt; text-align: justify;">
<span class="st"><span style="font-family: "Cambria",serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin;">On
the economic front, a strong June durable goods orders report on Monday
bolstered investor sentiment. But the optimism faded on a disappointing jobless
claims number and a troubling second-quarter GDP number that – while
anticipated – was a bit unsettling.<sup>4,5,6</sup><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt; text-align: justify;">
<span class="st"><span style="font-family: "Cambria",serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin;">Following
some exceptional earnings results from the mega-cap technology companies,
stocks managed to rally in the final hour of trading on Friday.<span style="mso-spacerun: yes;"> </span><sup><o:p></o:p></sup></span></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt; text-align: justify;">
<span class="st"><span style="font-family: "Cambria",serif; font-size: 4pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Cambria",serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin; text-transform: uppercase;">U.S. Dollar Continues Its
Decline<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt; text-align: justify;">
<span class="st"><span style="font-family: "Cambria",serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin;">Since
peaking in mid-March, the U.S. dollar has dropped nearly 9%. Some of the
potential beneficiaries of a weak dollar are global American businesses whose
products and services become less expensive in overseas markets.<sup>7</sup><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt; text-align: justify;">
<span class="st"><span style="font-family: "Cambria",serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin;">Conversely,
international companies may suffer lower sales in the U.S. as their products
become more expensive. It’s a mixed bag of potential outcomes, but Wall Street
has become more and more focused on the dollar’s trajectory.<o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt; text-align: justify;">
<span class="st"><span style="font-family: "Cambria",serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Cambria",serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin; text-transform: uppercase;">Final Thoughts<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt; text-align: justify;">
<span class="st"><span style="font-family: "Cambria",serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin;">August
has historically been a particularly volatile month. For instance, in 2019, the
S&P 500 posted moves of more than one percent in 22 trading days.<sup>8</sup>
<o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt; text-align: justify;">
<span class="st"><span style="font-family: "Cambria",serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin;">One
of the possible reasons is that many traders are away on vacation, resulting in
light volume, which may amplify market volatility. But this year, it’s
uncertain whether traders will be away on vacation due to the pandemic. Should
markets become volatile in the weeks ahead, investors may want to remind
themselves of the seasonal trends that may be at work.<sup><o:p></o:p></sup></span></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span style="font-family: "Cambria",serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_19" o:spid="_x0000_i1035" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Cambria",serif; mso-ascii-theme-font: major-latin; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Cambria",serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Cambria",serif; mso-ascii-theme-font: major-latin; mso-hansi-theme-font: major-latin;">T I P<span style="mso-spacerun: yes;"> </span>O
F<span style="mso-spacerun: yes;"> </span>T H E<span style="mso-spacerun: yes;"> </span>W E E K<br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--></span></span><span class="st"><span style="color: #e88e0a; font-family: "Cambria",serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span style="font-family: "Cambria",serif; mso-ascii-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_20" o:spid="_x0000_i1034" style="height: 56.25pt; mso-wrap-style: square; visibility: visible; width: 56.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image002.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Cambria",serif; mso-ascii-theme-font: major-latin; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span class="st"><span style="font-family: "Cambria",serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin;"><br />
</span></span><span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Cambria",serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin;">If
your life or financial situation changed notably this year (a new job, a
marriage, an addition to the family), then now should be a time to review the
state of your personal insurance and your risk management approach.<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "Cambria",serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span style="font-family: "Cambria",serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_21" o:spid="_x0000_i1033" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Cambria",serif; mso-ascii-theme-font: major-latin; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Cambria",serif; font-size: 3pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></b></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Cambria",serif; font-size: 14pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin;">THE WEEK AHEAD: KEY ECONOMIC DATA<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 10pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Cambria",serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Monday: </span></b><span style="color: black; font-family: "Cambria",serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Purchasing Managers Index (PMI)
Manufacturing Index. Institute for Supply Management (ISM) Manufacturing Index.<b style="mso-bidi-font-weight: normal;"> <o:p></o:p></b></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 10pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Cambria",serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Wednesday: </span></b><span style="color: black; font-family: "Cambria",serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Automated Data Processing (ADP)
Employment Report. Purchasing Managers Index (PMI) Services Index. Institute
for Supply Management (ISM) Non-Manufacturing Index.<b style="mso-bidi-font-weight: normal;"> <o:p></o:p></b></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 10pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Cambria",serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Thursday: </span></b><span style="color: black; font-family: "Cambria",serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Jobless Claims.</span><span style="color: black; font-family: "Cambria",serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 10pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Cambria",serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Friday: </span></b><span style="color: black; font-family: "Cambria",serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Employment Situation Report.</span><span style="color: black; font-family: "Cambria",serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 10pt;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Source:
Econoday, July 31, 2020</span><span style="font-family: "Times New Roman",serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 10pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">The Econoday economic calendar lists upcoming U.S. economic data
releases (including key economic indicators), Federal Reserve policy meetings,
and speaking engagements of Federal Reserve officials. The content is developed
from sources believed to be providing accurate information. The forecasts or
forward-looking statements are based on assumptions and may not materialize.
The forecasts also are subject to revision.</span><span style="color: black; font-family: "Cambria",serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt;">
<span style="color: grey; font-family: "Cambria",serif; font-size: 2pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Cambria",serif; font-size: 14pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin;">THE WEEK AHEAD: COMPANIES REPORTING
EARNINGS<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 10pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Cambria",serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Monday: </span></b><span style="color: black; font-family: "Cambria",serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">The Clorox Company (CLX), American
International Group (AIG).<b style="mso-bidi-font-weight: normal;"> <o:p></o:p></b></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 10pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Cambria",serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Tuesday: </span></b><span style="color: black; font-family: "Cambria",serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">The Walt Disney Company (DIS),
Twilio (TWLO), Prudential Financial (PRU), Emerson Electric (EMR).</span><span style="color: black; font-family: "Cambria",serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 10pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Cambria",serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Wednesday: </span></b><span style="color: black; font-family: "Cambria",serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">CVS Health (CVS), Humana (HUM),
Regeneron Pharmaceuticals (REGN), Wayfair (W).<b style="mso-bidi-font-weight: normal;"> <o:p></o:p></b></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 10pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Cambria",serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Thursday: </span></b><span style="color: black; font-family: "Cambria",serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Bristol Myers Squibb (BMY), Booking
Holdings (BKNG), Becton Dickinson (BDX), T-Mobile (TMUS).</span><span style="color: black; font-family: "Cambria",serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 10pt;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Source:
Zacks, July 31, 2020</span><span style="font-family: "Times New Roman",serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 10pt;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Companies
mentioned are for informational purposes only. It should not be considered a
solicitation for the purchase or sale of the securities. Investing involves
risks, and investment decisions should be based on your own goals, time
horizon, and tolerance for risk. The return and principal value of investments
will fluctuate as market conditions change. When sold, investments may be worth
more or less than their original cost. Companies may reschedule when they
report earnings without notice.</span><span style="font-family: "Times New Roman",serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt;">
<span style="color: grey; font-family: "Cambria",serif; font-size: 2pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span style="font-family: "Cambria",serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_26" o:spid="_x0000_i1032" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Cambria",serif; mso-ascii-theme-font: major-latin; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Cambria",serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Cambria",serif; mso-ascii-theme-font: major-latin; mso-hansi-theme-font: major-latin;">Q U O T E<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>O F<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>T H E<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>W E E K<o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span class="st"><span style="font-family: "Cambria",serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span style="font-family: "Cambria",serif; mso-ascii-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_27" o:spid="_x0000_i1031" style="height: 50.25pt; mso-wrap-style: square; visibility: visible; width: 68.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image003.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Cambria",serif; mso-ascii-theme-font: major-latin; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Cambria",serif; font-size: 18pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin;">“Live in such a way that you would not be
ashamed to sell your parrot to the town gossip.”<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "Cambria",serif; mso-ascii-theme-font: major-latin; mso-hansi-theme-font: major-latin;">WILL
ROGERS</span></i></span><span class="st"><span style="font-family: "Cambria",serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "Cambria",serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span style="font-family: "Cambria",serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_28" o:spid="_x0000_i1030" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Cambria",serif; mso-ascii-theme-font: major-latin; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt;">
<span class="st"><span style="font-family: "Cambria",serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span style="font-family: Calibri;"><span style="border: currentColor; color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-hansi-font-family: Calibri; mso-no-proof: yes;"><v:shape id="Picture_x0020_3" o:spid="_x0000_i1029" style="height: 433.5pt; mso-wrap-style: square; visibility: visible; width: 461.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image004.png">
</v:imagedata></v:shape></span><span style="color: #646464; font-family: "Cambria",serif; font-size: 9pt; letter-spacing: -0.2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Verdana; mso-bidi-font-size: 7.0pt; mso-bidi-font-style: italic; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span style="font-family: "Cambria",serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_23" o:spid="_x0000_i1028" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Cambria",serif; mso-ascii-theme-font: major-latin; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Cambria",serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Cambria",serif; mso-ascii-theme-font: major-latin; mso-hansi-theme-font: major-latin;">T H E<span style="mso-spacerun: yes;"> </span>W E E
K L Y<span style="mso-spacerun: yes;"> </span>R I D D L E<o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span class="st"><span style="font-family: "Cambria",serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span style="font-family: "Cambria",serif; mso-ascii-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_24" o:spid="_x0000_i1027" style="height: 75pt; mso-wrap-style: square; visibility: visible; width: 60.75pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image005.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Cambria",serif; mso-ascii-theme-font: major-latin; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Cambria",serif; font-size: 18pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin;">You spend 20% of the money in your wallet.
Then you spend 20% of what remains in your wallet after that. You spend $72.00
total. How much money did you originally have in your wallet?<b style="mso-bidi-font-weight: normal;"><o:p></o:p></b></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "Cambria",serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "Cambria",serif; mso-ascii-theme-font: major-latin; mso-hansi-theme-font: major-latin;">LAST
WEEK’S RIDDLE: How many 9s are in the range of numbers from 1 to 100?
(Remember, the number 99 has two 9s in it.)<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "Cambria",serif; mso-ascii-theme-font: major-latin; mso-hansi-theme-font: major-latin;">ANSWER:
20, counting 99, which has 2 nines in it.<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "Cambria",serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span style="font-family: "Cambria",serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_29" o:spid="_x0000_i1026" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "Cambria",serif; mso-ascii-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p></o:p></span></i></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt;">
<span style="color: #a6a6a6; font-family: "Cambria",serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 10.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span style="font-family: "Cambria",serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;">Troy L Thompson, CFP may be reached at 515-432-5421
or troy@thompsonfinancialinc.com <br />
www.thompsonfinancialinc.com<br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--><o:p></o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Cambria",serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;">Know someone who could use
information like this? <br />
</span></b><span style="font-family: "Cambria",serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;">Please feel free to send us
their contact information via phone or email. (Don’t worry – we’ll request
their permission before adding them to our mailing list.)</span><span style="font-family: "Cambria",serif; font-size: 3pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span style="font-family: "Cambria",serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_31" o:spid="_x0000_i1025" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span style="color: #a6a6a6; font-family: "Cambria",serif; font-size: 10pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt; text-align: justify;">
<span style="color: #a6a6a6; font-family: "Cambria",serif; font-size: 1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 8.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt;">
<span style="font-family: Calibri;">Troy Thompson, CFP<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt;">
<span style="font-family: Calibri;">DBA Thompson Financial and Hanson Asset Strategies<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt;">
<span style="font-family: Calibri;">Securities offered through FIRST HEARTLAND CAPITAL, INC.
Member FINRA & SIPC.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt;">
<o:p><span style="font-family: Calibri;"> </span></o:p></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt;">
<span style="font-family: Calibri;">Thompson Financial is not affiliated with FIRST HEARTLAND
CAPITAL, INC.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt; text-align: justify;">
<span style="color: #646464; font-family: "Cambria",serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">This
material was prepared by MarketingPro, Inc., and does not necessarily represent
the views of the presenting party, nor their affiliates. The information herein
has been derived from sources believed to be accurate. Please note - investing
involves risk, and past performance is no guarantee of future results.
Investments will fluctuate and when redeemed may be worth more or less than
when originally invested. This information should not be construed as
investment, tax or legal advice and may not be relied on for the purpose of
avoiding any Federal tax penalty. This is neither a solicitation nor
recommendation to purchase or sell any investment or insurance product or
service, and should not be relied upon as such. All market indices discussed
are unmanaged and are not illustrative of any particular investment. Indices do
not incur management fees, costs and expenses, and cannot be invested into
directly. All economic and performance data is historical and not indicative of
future results. The Dow Jones Industrial Average is a price-weighted index of
30 actively traded blue-chip stocks. The Nasdaq Composite Index is a
market-weighted index of all over-the-counter common stocks traded on the
National Association of Securities Dealers Automated Quotation System. The
Standard & Poor's 500 (S&P 500) is a market-cap weighted index composed
of the common stocks of 500 leading companies in leading industries of the U.S.
economy. NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the New
York Stock Exchange (the “NYSE”) and NYSE Arca (formerly known as the
Archipelago Exchange, or ArcaEx®, and the Pacific Exchange). NYSE Group is a
leading provider of securities listing, trading and market data products and
services. The New York Mercantile Exchange, Inc. (NYMEX) is the world's largest
physical commodity futures exchange and the preeminent trading forum for energy
and precious metals, with trading conducted through two divisions – the NYMEX
Division, home to the energy, platinum, and palladium markets, and the COMEX
Division, on which all other metals trade. Additional risks are associated with
international investing, such as currency fluctuations, political and economic
instability and differences in accounting standards. This material represents
an assessment of the market environment at a specific point in time and is not
intended to be a forecast of future events, or a guarantee of future results.
MarketingPro, Inc. is not affiliated with any person or firm that may be
providing this information to you. The publisher is not engaged in rendering
legal, accounting or other professional services. If assistance is needed, the
reader is advised to engage the services of a competent professional.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt;">
<span style="color: #646464; font-family: "Cambria",serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">CITATIONS:<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt;">
<a href="https://www.blogger.com/u/1/null" name="_Hlk1133051"><span style="color: #948a54; font-family: "Cambria",serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Cambria; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-themecolor: background2; mso-themeshade: 128;">1. The
Wall Street Journal, July 31, 2020<br />
2. The Wall Street Journal, July 31, 2020<br />
3. The Wall Street Journal, July 31, 2020<br />
4. CNBC.com, July 27, 2020<br />
5. CNBC.com, July 30, 2020<br />
6. BEA.gov, July 30, 2020<br />
7. Reuters.com, July 28, 2020<br />
8. CNBC.com, August 31, 2019<br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--></span></a><span style="mso-bookmark: _Hlk1133051;"><span style="color: #646464; font-family: "Cambria",serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt;">
<span style="mso-bookmark: _Hlk1133051;"><span style="color: #646464; font-family: "Cambria",serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">CHART CITATIONS:<o:p></o:p></span></span></div>
<span style="mso-bookmark: _Hlk1133051;"></span>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt;">
<span style="color: #948a54; font-family: "Cambria",serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Cambria; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-themecolor: background2; mso-themeshade: 128;">The Wall Street Journal, July
31, 2020<br />
The Wall Street Journal, July 31, 2020<br />
treasury.gov, July 31, 2020</span><span style="color: #948a54; mso-themecolor: background2; mso-themeshade: 128;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt;">
<o:p><span style="font-family: Calibri;"> </span></o:p></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2406513828224710444.post-53953980787094135882020-07-29T16:07:00.001-05:002020-07-29T16:07:07.282-05:00Economic Update for the week of July 29th, 2020
<br />
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 14pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin;">In this week’s recap: stocks slip after heavier jobless
claims and U.S.-China strife.<o:p></o:p></span></i></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 8pt 0in; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 36pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;">Weekly Economic Update</span></b><b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 36pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></b></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 8pt 0in; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shapetype coordsize="21600,21600" filled="f" id="_x0000_t75" o:preferrelative="t" o:spt="75" path="m@4@5l@4@11@9@11@9@5xe" stroked="f">
<v:stroke joinstyle="miter">
<v:formulas>
<v:f eqn="if lineDrawn pixelLineWidth 0">
<v:f eqn="sum @0 1 0">
<v:f eqn="sum 0 0 @1">
<v:f eqn="prod @2 1 2">
<v:f eqn="prod @3 21600 pixelWidth">
<v:f eqn="prod @3 21600 pixelHeight">
<v:f eqn="sum @0 0 1">
<v:f eqn="prod @6 1 2">
<v:f eqn="prod @7 21600 pixelWidth">
<v:f eqn="sum @8 21600 0">
<v:f eqn="prod @7 21600 pixelHeight">
<v:f eqn="sum @10 21600 0">
</v:f>
<v:path gradientshapeok="t" o:connecttype="rect" o:extrusionok="f">
<o:lock aspectratio="t" v:ext="edit">
</o:lock><v:shape id="Picture_x0020_1" o:spid="_x0000_i1036" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></v:path></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:formulas></v:stroke></v:shapetype><span style="color: grey; font-family: "Calibri Light",sans-serif; font-size: 1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 128;"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin;">Presented by Troy L Thompson, CFP<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>July 29, 2020<o:p></o:p></span></i></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 8pt 0in; text-align: center;">
<span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;">THE WEEK
ON WALL STREET<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Stocks
slipped in the final days of trading last week on higher jobless claims and
rising tensions in the U.S.-China relationship. <o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">The
Dow Jones Industrial Average lost 0.76%, while the Standard & Poor’s 500
dipped 0.28%. The Nasdaq Composite Index dropped 1.33% for the week. The MSCI
EAFE Index, which tracks developed stock markets overseas, rose 1.24%.<sup>1,2,3</sup></span></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 4pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;">Stocks
Lose Momentum<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Stocks
marched higher to begin the week on progress with a COVID-19 vaccine and a
string of upbeat corporate quarterly reports. Firming oil prices and the
passage of a fiscal stimulus bill by the European Union also helped buoy
investors’ spirits.<o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Market
sentiment, however, turned negative after Thursday morning’s report of an
uptick in new unemployment claims, which suggested a possible slowdown in
hiring. The market was led lower by the technology sector ahead of quarterly
reports from some of the sector’s biggest names.<sup>4</sup><span style="mso-spacerun: yes;"> </span><sup><o:p></o:p></sup></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;">U.S.-China
Tensions Escalate<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Tensions
escalated last week as the U.S. ordered China to close its consulate in
Houston, which the White House claimed was stealing American information. A day
earlier, the U.S. had accused China of attempting to steal COVID-19 research
data. China responded by ordering the U.S. to close its consulate in the city
of Chengdu.<sup>5,6</sup><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">The
markets appear more focused on the apparent deteriorating relations between the
two nations, worried about a repeat of the trade battle in 2018. Whether the
rancor is managed is likely to remain a top concern for investors in the weeks
ahead.<o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;">FINAL THOUGHTS<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">The
mega-cap technology companies’ market dominance is a concern to some. Last week
it was reported that six of these mega-cap stocks represent 41% of the Nasdaq
market capitalization. Five mega-cap names included in the S&P 500 Index
account for 22% of that index’s market capitalization.<sup>7</sup><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Investors
have embraced these firms because they appear to be able to show solid
financial performance in the midst of an economy coping with COVID-19.<o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_19" o:spid="_x0000_i1035" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">T I P<span style="mso-spacerun: yes;"> </span>O F<span style="mso-spacerun: yes;">
</span>T H E<span style="mso-spacerun: yes;"> </span>W E E K<br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--></span></span><span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_20" o:spid="_x0000_i1034" style="height: 56.25pt; mso-wrap-style: square; visibility: visible; width: 56.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image002.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><br />
</span></span><span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Periodically
review and/or rebalance your portfolio, to see that your investments are in
sync with your objectives.<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_21" o:spid="_x0000_i1033" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 3pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">THE WEEK
AHEAD: KEY ECONOMIC DATA<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Monday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Durable Goods Orders.<b style="mso-bidi-font-weight: normal;"> <o:p></o:p></b></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Wednesday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Federal Open Market Committee (FOMC) Meeting Announcement.<b style="mso-bidi-font-weight: normal;"> <o:p></o:p></b></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Thursday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Gross Domestic Product (GDP), Jobless Claims.</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Friday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Consumer Sentiment.</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Source:
Econoday, July 24, 2020</span><span style="font-family: "Times New Roman",serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">The Econoday economic calendar lists upcoming U.S. economic data
releases (including key economic indicators), Federal Reserve policy meetings,
and speaking engagements of Federal Reserve officials. The content is developed
from sources believed to be providing accurate information. The forecasts or
forward-looking statements are based on assumptions and may not materialize.
The forecasts also are subject to revision.</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: grey; font-family: "Calibri Light",sans-serif; font-size: 2pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">THE WEEK
AHEAD: COMPANIES REPORTING EARNINGS<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Tuesday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Advanced Micro Devices (AMD), Visa (V), Pfizer (PFE),
McDonalds (MCD), 3M Company (MMM), eBay (EBAY), D.R. Horton (DHI).</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Wednesday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Facebook (FB), Boeing (BA), Qualcomm (QCOM), PayPal
(PYPL), General Motors (GM), Shopify (SHOP), Teladoc Health (TDOC).<b style="mso-bidi-font-weight: normal;"> <o:p></o:p></b></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Thursday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Apple (AAPL), Ford (F), Alphabet (GOOGL),
Mastercard (MA), Procter & Gamble (PG), Eli Lilly (LLY), United Parcel
Service (UPS).</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Friday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">AbbVie (ABBV), Exxon Mobil (XOM), Caterpillar
(CAT), Merck (MRK), Chevron (CVX).</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Source:
Zacks, July 24, 2020</span><span style="font-family: "Times New Roman",serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Companies
mentioned are for informational purposes only. It should not be considered a
solicitation for the purchase or sale of the securities. Investing involves
risks, and investment decisions should be based on your own goals, time
horizon, and tolerance for risk. The return and principal value of investments
will fluctuate as market conditions change. When sold, investments may be worth
more or less than their original cost. Companies may reschedule when they
report earnings without notice.</span><span style="font-family: "Times New Roman",serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: grey; font-family: "Calibri Light",sans-serif; font-size: 2pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_26" o:spid="_x0000_i1032" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Q U O T E<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>O F<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>T H E<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>W E E K<o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_27" o:spid="_x0000_i1031" style="height: 50.25pt; mso-wrap-style: square; visibility: visible; width: 68.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image003.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 18pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">“Imagination is the eye of
the soul.”<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">JOSEPH JOUBERT</span></i></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_28" o:spid="_x0000_i1030" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: Calibri;"><span style="border: currentColor; color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-hansi-font-family: Calibri; mso-no-proof: yes;"><v:shape id="Picture_x0020_3" o:spid="_x0000_i1029" style="height: 433.5pt; mso-wrap-style: square; visibility: visible; width: 461.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image004.png">
</v:imagedata></v:shape></span><span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 9pt; letter-spacing: -0.2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Verdana; mso-bidi-font-size: 7.0pt; mso-bidi-font-style: italic; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_23" o:spid="_x0000_i1028" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">T H E<span style="mso-spacerun: yes;"> </span>W E E K L Y<span style="mso-spacerun: yes;">
</span>R I D D L E<o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_24" o:spid="_x0000_i1027" style="height: 75pt; mso-wrap-style: square; visibility: visible; width: 60.75pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image005.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 18pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">How many 9s are in the range
of numbers from 1 to 100? (Remember, the number 99 has two 9s in it.)<b style="mso-bidi-font-weight: normal;"><o:p></o:p></b></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">LAST WEEK’S
RIDDLE: Is there a way that you can make the number seven even?<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">ANSWER: Take
away the S, and seven becomes even.<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_29" o:spid="_x0000_i1026" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p></o:p></span></i></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;">Troy L Thompson, CPF <span style="mso-spacerun: yes;"> </span>may be reached at 515-432-5421 or troy@thompsonfinancialinc.com
<br />
www.thompsonfinancialinc.com<o:p></o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;">Know
someone who could use information like this? <br />
</span></b><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;">Please
feel free to send us their contact information via phone or email. (Don’t worry
– we’ll request their permission before adding them to our mailing list.)</span><span style="font-family: "Calibri Light",sans-serif; font-size: 3pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_31" o:spid="_x0000_i1025" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 10pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 8.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">Troy Thompson, CFP<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">DBA Thompson Financial and Hanson Asset Strategies<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">Securities offered through FIRST HEARTLAND CAPITAL, INC.
Member FINRA & SIPC.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<o:p><span style="font-family: Calibri;"> </span></o:p></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">Thompson Financial is not affiliated with FIRST HEARTLAND
CAPITAL, INC.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<o:p><span style="font-family: Calibri;"> </span></o:p></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">Investing involves risks, and investment decisions should be
based on your own goals, time horizon, and tolerance for risk. The return and
principal value of investments will fluctuate as market conditions change. When
sold, investments may be worth more or less than their original cost. <o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">The forecasts or forward-looking statements are based on
assumptions, may not materialize, and are subject to revision without notice. <o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">The market indexes discussed are unmanaged, and generally,
considered representative of their respective markets. Index performance is not
indicative of the past performance of a particular investment. Indexes do not
incur management fees, costs, and expenses. Individuals cannot directly invest
in unmanaged indexes. Past performance does not guarantee future results.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">The Dow Jones Industrial Average is an unmanaged index that is
generally considered representative of large-capitalization companies on the
U.S. stock market. Nasdaq Composite is an index of the common stocks and
similar securities listed on the Nasdaq stock market and is considered a broad
indicator of the performance of technology and growth companies. The MSCI EAFE
Index was created by Morgan Stanley Capital International (MSCI) and serves as
a benchmark of the performance of major international equity markets, as
represented by 21 major MSCI indexes from Europe, Australia, and Southeast
Asia. The S&P 500 Composite Index is an unmanaged group of securities that
are considered to be representative of the stock market in general.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">U.S. Treasury Notes are guaranteed by the federal government as
to the timely payment of principal and interest. However, if you sell a
Treasury Note prior to maturity, it may be worth more or less than the original
price paid. Fixed income investments are subject to various risks including
changes in interest rates, credit quality, inflation risk, market valuations,
prepayments, corporate events, tax ramifications and other factors.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">International investments carry additional risks, which include
differences in financial reporting standards, currency exchange rates,
political risks unique to a specific country, foreign taxes and regulations,
and the potential for illiquid markets. These factors may result in greater
share price volatility. <o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">Please consult your financial professional for additional
information.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">This content is developed from sources believed to be providing
accurate information. The information in this material is not intended as tax
or legal advice. Please consult legal or tax professionals for specific
information regarding your individual situation. This material was developed
and produced by FMG Suite to provide information on a topic that may be of
interest. FMG is not affiliated with the named representative, financial
professional, Registered Investment Advisor, Broker-Dealer, nor state- or
SEC-registered investment advisory firm. The opinions expressed and material
provided are for general information, and they should not be considered a
solicitation for the purchase or sale of any security.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">Copyright 2020 FMG Suite.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">CITATIONS:<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<a href="https://draft.blogger.com/u/1/null" name="_Hlk1133051"><span style="color: #767171; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-themecolor: background2; mso-themeshade: 128;">1. The
Wall Street Journal, July 24, 2020<br />
2. The Wall Street Journal, July 24, 2020<br />
3. The Wall Street Journal, July 24, 2020 <br />
4. NYTimes.com, July 23, 2020 <span style="mso-spacerun: yes;"> </span><br />
5. CBSnews.com, July 22, 2020 <br />
6. APNews.com, July 24, 2020 <br />
7. CNBC, July 22, 2020<o:p></o:p></span></a></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="mso-bookmark: _Hlk1133051;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">CHART CITATIONS:<o:p></o:p></span></span></div>
<span style="mso-bookmark: _Hlk1133051;"></span>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="color: #767171; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 107%; mso-ascii-theme-font: major-latin; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-themecolor: background2; mso-themeshade: 128;">The Wall Street Journal, July 24, 2020<br />
The Wall Street Journal, July 24, 2020<br />
treasury.gov, July 24, 2020</span><span style="color: #767171; mso-themecolor: background2; mso-themeshade: 128;"><o:p></o:p></span></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2406513828224710444.post-41949399942891591562020-07-22T13:18:00.001-05:002020-07-22T13:18:40.630-05:00Economic Update for the week of July 22nd, 2020
<br />
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 14pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin;">In this week’s recap: stocks see a mixed week, as COVID-19
cases rise, and news of vaccine emerges.<o:p></o:p></span></i></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 8pt 0in; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 36pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;">Weekly Economic Update</span></b><b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 36pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></b></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 8pt 0in; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shapetype coordsize="21600,21600" filled="f" id="_x0000_t75" o:preferrelative="t" o:spt="75" path="m@4@5l@4@11@9@11@9@5xe" stroked="f">
<v:stroke joinstyle="miter">
<v:formulas>
<v:f eqn="if lineDrawn pixelLineWidth 0">
<v:f eqn="sum @0 1 0">
<v:f eqn="sum 0 0 @1">
<v:f eqn="prod @2 1 2">
<v:f eqn="prod @3 21600 pixelWidth">
<v:f eqn="prod @3 21600 pixelHeight">
<v:f eqn="sum @0 0 1">
<v:f eqn="prod @6 1 2">
<v:f eqn="prod @7 21600 pixelWidth">
<v:f eqn="sum @8 21600 0">
<v:f eqn="prod @7 21600 pixelHeight">
<v:f eqn="sum @10 21600 0">
</v:f>
<v:path gradientshapeok="t" o:connecttype="rect" o:extrusionok="f">
<o:lock aspectratio="t" v:ext="edit">
</o:lock><v:shape id="Picture_x0020_1" o:spid="_x0000_i1036" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></v:path></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:formulas></v:stroke></v:shapetype><span style="color: grey; font-family: "Calibri Light",sans-serif; font-size: 1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 128;"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin;">Presented by Troy L Thompson, CFP<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>July
22, 2020<o:p></o:p></span></i></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 8pt 0in; text-align: center;">
<span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;">THE WEEK
ON WALL STREET<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Stocks
were mixed last week as investors reacted to positive economic data, progress
on a COVID-19 vaccine, and the continued nationwide increase of COVID-19 cases.
<o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">The
Dow Jones Industrial Average gained 2.29%, while the Standard & Poor’s 500
rose by 1.25%. But the Nasdaq Composite Index dropped 1.08% for the week. The
mega-cap technology companies saw some profit-taking last week, sending the
Nasdaq Composite to its first loss in three weeks. The MSCI EAFE Index, which
tracks developed stock markets overseas, ended 2.19% higher.<sup>1,2,3</sup></span></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 4pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;">Stocks
Find a Way Higher<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">After
a Monday rally melted away on news that California was rolling back its
reopening plans amid rising infections, a new earnings season began on a
hopeful note. Stocks posted back-to-back daily gains on the strength of
positive earnings surprises from a few money center banks and encouraging news
about progress in the development of a COVID-19 vaccine.<sup>4</sup><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; tab-stops: 81.0pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Despite a strong retail sales number, new
jobless claims and rising U.S.-China tensions reminded investors that global
economic recovery remains fragile, leading stocks to pare some of the week’s
earlier gains.<sup>5,6<o:p></o:p></sup></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 4pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;">Earnings
Season Begins <o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">While
investors long ago accepted the idea that this earnings season would be ugly,
reflecting the impact of the economic shock due to COVID-19, it didn’t mean
that there weren’t important insights to be gained from this quarter’s earnings
reports.<o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Three
money center banks last week kicked off the earnings season, reporting
substantial declines in profits and an additional cumulative $28 billion set
aside for loan-loss reserves.<sup>7</sup><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Banks
are an important economic bellwether since they touch every part of the U.S. economy.
Although their earnings were significantly lower, they actually beat consensus
Wall Street estimates, which encouraged investors and set the stage for stocks
to move higher. The story on this quarter’s earnings season, however, is far
from finished as investors await the stream of companies releasing their
quarterly results in the days and weeks ahead.<o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_19" o:spid="_x0000_i1035" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">T I P<span style="mso-spacerun: yes;"> </span>O F<span style="mso-spacerun: yes;">
</span>T H E<span style="mso-spacerun: yes;"> </span>W E E K<br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--></span></span><span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_20" o:spid="_x0000_i1034" style="height: 56.25pt; mso-wrap-style: square; visibility: visible; width: 56.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image002.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><br />
</span></span><span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">If
you’re financing a new car, look for the best interest rate before setting foot
in the dealership. It could be to your advantage to take a cash rebate and get
a loan elsewhere.<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_21" o:spid="_x0000_i1033" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 3pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">THE WEEK
AHEAD: KEY ECONOMIC DATA<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Wednesday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Existing Home Sales.<b style="mso-bidi-font-weight: normal;"> <o:p></o:p></b></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Thursday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Index of Leading Economic Indicators. Jobless
Claims.</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Friday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">New Home Sales.</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Source:
Econoday, July 17, 2020</span><span style="font-family: "Times New Roman",serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">The Econoday economic calendar lists upcoming U.S. economic data
releases (including key economic indicators), Federal Reserve policy meetings,
and speaking engagements of Federal Reserve officials. The content is developed
from sources believed to be providing accurate information. The forecasts or
forward-looking statements are based on assumptions and may not materialize.
The forecasts also are subject to revision.</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: grey; font-family: "Calibri Light",sans-serif; font-size: 2pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">THE WEEK
AHEAD: COMPANIES REPORTING EARNINGS<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Tuesday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Lockheed Martin (LMT), Snap (SNAP), Coca Cola (KO),
Texas Instruments (TXN), Capital One Financial (COF).</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Wednesday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Microsoft (MSFT), Tesla (TSLA), United Airlines
(UAL).<b style="mso-bidi-font-weight: normal;"> <o:p></o:p></b></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Thursday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">AT&T (T), Intel (INTC), Union Pacific (UNP).</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Friday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Verizon (VZ), American Express (AXP).</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Source:
Zacks, July 17, 2020</span><span style="font-family: "Times New Roman",serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Companies
mentioned are for informational purposes only. It should not be considered a
solicitation for the purchase or sale of the securities. Investing involves
risks, and investment decisions should be based on your own goals, time
horizon, and tolerance for risk. The return and principal value of investments
will fluctuate as market conditions change. When sold, investments may be worth
more or less than their original cost. Companies may reschedule when they
report earnings without notice.</span><span style="font-family: "Times New Roman",serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: grey; font-family: "Calibri Light",sans-serif; font-size: 2pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_26" o:spid="_x0000_i1032" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Q U O T E<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>O F<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>T H E<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>W E E K<o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_27" o:spid="_x0000_i1031" style="height: 50.25pt; mso-wrap-style: square; visibility: visible; width: 68.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image003.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 18pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">“Learn to express rather than
impress.”<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">JIM ROHN</span></i></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_28" o:spid="_x0000_i1030" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="border: currentColor; color: black; font-family: "Arial",sans-serif; mso-no-proof: yes;"><v:shape id="Picture_x0020_3" o:spid="_x0000_i1029" style="height: 433.5pt; mso-wrap-style: square; visibility: visible; width: 461.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image004.png">
</v:imagedata></v:shape></span><span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 9pt; letter-spacing: -0.2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Verdana; mso-bidi-font-size: 7.0pt; mso-bidi-font-style: italic; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_23" o:spid="_x0000_i1028" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">T H E<span style="mso-spacerun: yes;"> </span>W E E K L Y<span style="mso-spacerun: yes;">
</span>R I D D L E<o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_24" o:spid="_x0000_i1027" style="height: 75pt; mso-wrap-style: square; visibility: visible; width: 60.75pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image005.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 18pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Is there a way that you can
make the number seven even?<b style="mso-bidi-font-weight: normal;"><o:p></o:p></b></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">LAST WEEK’S
RIDDLE: A parking lot has 1,000 parking spaces, 40% of them for compact cars.
There are 200 compact cars and some standard-size cars in the lot, which is 75%
full. How many standard-size cars are in the lot?<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">ANSWER: 750 -
200 = 550 standard-sized cars.<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_29" o:spid="_x0000_i1026" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p></o:p></span></i></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;">Troy L Thompson, CFP may be
reached at 515-432-5421 or troy@thompsonfinancialinc.com <br />
www.thompsonfinancialinc.com<br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--><o:p></o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;">Know
someone who could use information like this? <br />
</span></b><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;">Please
feel free to send us their contact information via phone or email. (Don’t worry
– we’ll request their permission before adding them to our mailing list.)</span><span style="font-family: "Calibri Light",sans-serif; font-size: 3pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_31" o:spid="_x0000_i1025" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 10pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 8.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">Troy Thompson, CFP<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">DBA Thompson Financial and Hanson Asset Strategies<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">Securities offered through FIRST HEARTLAND CAPITAL, INC.
Member FINRA & SIPC.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<o:p><span style="font-family: Calibri;"> </span></o:p></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">Thompson Financial is not affiliated with FIRST HEARTLAND
CAPITAL, INC.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">Investing involves risks, and investment decisions should be
based on your own goals, time horizon, and tolerance for risk. The return and
principal value of investments will fluctuate as market conditions change. When
sold, investments may be worth more or less than their original cost. <o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">The forecasts or forward-looking statements are based on
assumptions, may not materialize, and are subject to revision without notice. <o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">The market indexes discussed are unmanaged, and generally,
considered representative of their respective markets. Index performance is not
indicative of the past performance of a particular investment. Indexes do not
incur management fees, costs, and expenses. Individuals cannot directly invest
in unmanaged indexes. Past performance does not guarantee future results.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">The Dow Jones Industrial Average is an unmanaged index that is
generally considered representative of large-capitalization companies on the
U.S. stock market. Nasdaq Composite is an index of the common stocks and
similar securities listed on the Nasdaq stock market and is considered a broad
indicator of the performance of technology and growth companies. The MSCI EAFE
Index was created by Morgan Stanley Capital International (MSCI) and serves as
a benchmark of the performance of major international equity markets, as
represented by 21 major MSCI indexes from Europe, Australia, and Southeast
Asia. The S&P 500 Composite Index is an unmanaged group of securities that
are considered to be representative of the stock market in general.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">U.S. Treasury Notes are guaranteed by the federal government as
to the timely payment of principal and interest. However, if you sell a
Treasury Note prior to maturity, it may be worth more or less than the original
price paid. Fixed income investments are subject to various risks including
changes in interest rates, credit quality, inflation risk, market valuations,
prepayments, corporate events, tax ramifications and other factors.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">International investments carry additional risks, which include
differences in financial reporting standards, currency exchange rates,
political risks unique to a specific country, foreign taxes and regulations,
and the potential for illiquid markets. These factors may result in greater
share price volatility. <o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">Please consult your financial professional for additional
information.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">This content is developed from sources believed to be providing
accurate information. The information in this material is not intended as tax
or legal advice. Please consult legal or tax professionals for specific
information regarding your individual situation. This material was developed
and produced by FMG Suite to provide information on a topic that may be of
interest. FMG is not affiliated with the named representative, financial
professional, Registered Investment Advisor, Broker-Dealer, nor state- or
SEC-registered investment advisory firm. The opinions expressed and material
provided are for general information, and they should not be considered a
solicitation for the purchase or sale of any security.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">Copyright 2020 FMG Suite.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">CITATIONS:<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<a href="https://www.blogger.com/u/1/null" name="_Hlk1133051"><span style="color: #767171; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-themecolor: background2; mso-themeshade: 128;">1. The
Wall Street Journal, July 17, 2020<br />
2. The Wall Street Journal, July 17, 2020<br />
3. The Wall Street Journal, July 17, 2020<br />
4. CNBC.com, July 14, 2020<br />
5. WSJ.com, July 16, 2020<br />
6. CNBC.com, July 16, 2020<br />
7. The New York Times, July 15, 2020<br />
<br />
</span></a><span style="mso-bookmark: _Hlk1133051;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">CHART CITATIONS:<o:p></o:p></span></span></div>
<span style="mso-bookmark: _Hlk1133051;"></span>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="color: #767171; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 107%; mso-ascii-theme-font: major-latin; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-themecolor: background2; mso-themeshade: 128;">The Wall Street Journal, July 17, 2020<br />
The Wall Street Journal, July 17, 2020<br />
treasury.gov , July 17, 2020</span><span style="color: #767171; mso-themecolor: background2; mso-themeshade: 128;"><o:p></o:p></span></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2406513828224710444.post-32653741597128084862020-07-16T09:23:00.001-05:002020-07-16T09:23:54.667-05:00Economic Update for the week of July 16th, 2020<br />
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 14pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin;">In this week’s recap: stocks gain after volatile week,
despite COVID-19 acceleration.<o:p></o:p></span></i></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 8pt 0in; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 36pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;">Weekly Economic Update</span></b><b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 36pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></b></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 8pt 0in; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shapetype coordsize="21600,21600" filled="f" id="_x0000_t75" o:preferrelative="t" o:spt="75" path="m@4@5l@4@11@9@11@9@5xe" stroked="f">
<v:stroke joinstyle="miter">
<v:formulas>
<v:f eqn="if lineDrawn pixelLineWidth 0">
<v:f eqn="sum @0 1 0">
<v:f eqn="sum 0 0 @1">
<v:f eqn="prod @2 1 2">
<v:f eqn="prod @3 21600 pixelWidth">
<v:f eqn="prod @3 21600 pixelHeight">
<v:f eqn="sum @0 0 1">
<v:f eqn="prod @6 1 2">
<v:f eqn="prod @7 21600 pixelWidth">
<v:f eqn="sum @8 21600 0">
<v:f eqn="prod @7 21600 pixelHeight">
<v:f eqn="sum @10 21600 0">
</v:f>
<v:path gradientshapeok="t" o:connecttype="rect" o:extrusionok="f">
<o:lock aspectratio="t" v:ext="edit">
</o:lock><v:shape id="Picture_x0020_1" o:spid="_x0000_i1036" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></v:path></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:formulas></v:stroke></v:shapetype><span style="color: grey; font-family: "Calibri Light",sans-serif; font-size: 1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 128;"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin;">Presented by Troy L Thompson, CFP<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>July
16, 2020<o:p></o:p></span></i></span></span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 8pt 0in; text-align: center;">
<span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p> </o:p></span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;">THE WEEK
ON WALL STREET<o:p></o:p></span></b></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Stock
prices notched solid gains last week, looking past an increase in COVID-19
cases and any potential economic concerns raised by the trend.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">The
Dow Jones Industrial Average increased by 0.96%, while the Standard &
Poor’s 500 climbed 1.76%. The Nasdaq Composite Index bounded 4.01% higher for
the week. The MSCI EAFE Index, which tracks developed stock markets overseas,
gained just 0.07%.<sup>1,2,3</sup></span></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 3pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;">Virus
Concerns<o:p></o:p></span></b></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Stocks
experienced a volatile week as investors negotiated the crosswinds of
encouraging overseas economic data with an accelerating number of COVID-19
cases in several states. Ongoing support of the financial markets by the
Federal Reserve appeared to offset any concerns about an economic rebound.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">The
big technology companies continued to shine, leading the Nasdaq Composite to
multiple new record highs. News of positive trial results for a potential
COVID-19 treatment boosted stocks on the final trading day, closing the week on
an encouraging note.<span style="mso-spacerun: yes;"> </span><sup><o:p></o:p></sup></span></span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 4pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;">On the
Record<o:p></o:p></span></b></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Regional
Federal Reserve presidents had several speaking engagements last week, and the
message was a consistent one: expect the economic recovery to remain bumpy.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Cleveland
Fed President Loretta Mester said that the economy in her region is slowing due
to rising COVID-19 cases. She linked gains in combating the virus with further
economic progress. She also echoed earlier comments by Fed Chairman Powell that
more fiscal support is necessary.<sup>4 </sup><o:p></o:p></span></span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Meanwhile,
San Francisco Fed President Mary Daly observed that it was unlikely many
companies would be rehiring all their employees. Thomas Barkin, president of
Richmond Federal Reserve, reiterated the challenges of a labor recovery, but
also spoke of the strain on local and state governments.<sup>5,6</sup><o:p></o:p></span></span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_19" o:spid="_x0000_i1035" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">T I P<span style="mso-spacerun: yes;"> </span>O F<span style="mso-spacerun: yes;">
</span>T H E<span style="mso-spacerun: yes;"> </span>W E E K<br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--></span></span><span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_20" o:spid="_x0000_i1034" style="height: 56.25pt; mso-wrap-style: square; visibility: visible; width: 56.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image002.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><br />
</span></span><span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Ramp
up your college savings with rewards programs. There are credit cards and
online shopping programs that can allow you to direct a steady stream of
rebates toward your education fund.<o:p></o:p></span></i></span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></i></span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_21" o:spid="_x0000_i1033" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 3pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></b></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">THE WEEK
AHEAD: KEY ECONOMIC DATA<o:p></o:p></span></b></div>
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Tuesday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Consumer Price Index (CPI).</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Thursday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Jobless Claims. Retail Sales.</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Friday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Housing Starts.</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Source:
Econoday, July 10, 2020</span><span style="font-family: "Times New Roman",serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">The Econoday economic calendar lists upcoming U.S. economic data
releases (including key economic indicators), Federal Reserve policy meetings,
and speaking engagements of Federal Reserve officials. The content is developed
from sources believed to be providing accurate information. The forecasts or
forward-looking statements are based on assumptions and may not materialize.
The forecasts also are subject to revision.</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: grey; font-family: "Calibri Light",sans-serif; font-size: 2pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">THE WEEK
AHEAD: COMPANIES REPORTING EARNINGS<o:p></o:p></span></b></div>
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Monday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">PepsiCo, Inc. (PEP).<b style="mso-bidi-font-weight: normal;"> <o:p></o:p></b></span></div>
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Tuesday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">JPMorgan Chase & Co. (JPM), Citigroup (C),
Wells Fargo (WFC).</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Wednesday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">International Business Machines (IBM), Goldman
Sachs (GS), eBay, Inc. (EBAY).<b style="mso-bidi-font-weight: normal;"> <o:p></o:p></b></span></div>
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Thursday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Microsoft (MSFT), Netflix (NFLX), Bank of America
(BAC), Johnson & Johnson (JNJ), UnitedHealth Group (UNH), Abbott
Laboratories (ABT), Morgan Stanley (MS), Honeywell International (HON).</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Friday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Blackrock, Inc. (BLK).</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Source:
Zacks, July 10, 2020</span><span style="font-family: "Times New Roman",serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Companies
mentioned are for informational purposes only. It should not be considered a solicitation
for the purchase or sale of the securities. Investing involves risks, and
investment decisions should be based on your own goals, time horizon, and
tolerance for risk. The return and principal value of investments will
fluctuate as market conditions change. When sold, investments may be worth more
or less than their original cost. Companies may reschedule when they report
earnings without notice.</span><span style="font-family: "Times New Roman",serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: grey; font-family: "Calibri Light",sans-serif; font-size: 2pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_26" o:spid="_x0000_i1032" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Q U O T E<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>O F<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>T H E<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>W E E K<o:p></o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_27" o:spid="_x0000_i1031" style="height: 50.25pt; mso-wrap-style: square; visibility: visible; width: 68.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image003.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 18pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">“The longer I live, the more
I realize the impact of attitude on life.”<o:p></o:p></span></i></span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">MARK TWAIN</span></i></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></i></span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_28" o:spid="_x0000_i1030" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="border: currentColor; color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-hansi-font-family: Calibri; mso-no-proof: yes;"><v:shape id="Picture_x0020_3" o:spid="_x0000_i1029" style="height: 440.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75"><span style="font-family: Calibri;">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image004.png">
</v:imagedata></span></v:shape></span><span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 9pt; letter-spacing: -0.2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Verdana; mso-bidi-font-size: 7.0pt; mso-bidi-font-style: italic; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><span style="mso-spacerun: yes;"> </span></span><span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 9pt; letter-spacing: -0.2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Verdana; mso-bidi-font-size: 7.0pt; mso-bidi-font-style: italic; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_23" o:spid="_x0000_i1028" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">T H E<span style="mso-spacerun: yes;"> </span>W E E K L Y<span style="mso-spacerun: yes;">
</span>R I D D L E<o:p></o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_24" o:spid="_x0000_i1027" style="height: 75pt; mso-wrap-style: square; visibility: visible; width: 60.75pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image005.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 18pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">A parking lot has 1,000
parking spaces, 40% of them for compact cars. There are 200 compact cars and
some standard-size cars in the lot, which is 75% full. How many standard-size
cars are in the lot?<b style="mso-bidi-font-weight: normal;"><o:p></o:p></b></span></i></span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></i></span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">LAST WEEK’S
RIDDLE: To date, only one bachelor has served as President of the United
States. Can you name him?<o:p></o:p></span></i></span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">ANSWER: James
Buchanan.<o:p></o:p></span></i></span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></i></span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_29" o:spid="_x0000_i1026" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p></o:p></span></i></span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;">Troy L Thompson, CFP may be
reached at 515-432-5421 or troy@thompsonfinancialinc.com <br />
www.thompsonfinancialinc.com<br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--><o:p></o:p></span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;">Know
someone who could use information like this? <br />
</span></b><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;">Please
feel free to send us their contact information via phone or email. (Don’t worry
– we’ll request their permission before adding them to our mailing list.)</span><span style="font-family: "Calibri Light",sans-serif; font-size: 3pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_31" o:spid="_x0000_i1025" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 10pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 8.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></div>
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">Troy Thompson, CFP<o:p></o:p></span></div>
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">DBA Thompson Financial and Hanson Asset Strategies<o:p></o:p></span></div>
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">Securities offered through FIRST HEARTLAND CAPITAL, INC.
Member FINRA & SIPC.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<o:p><span style="font-family: Calibri;"> </span></o:p></div>
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">Thompson Financial is not affiliated with FIRST HEARTLAND
CAPITAL, INC.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">Investing involves risks, and investment decisions should be
based on your own goals, time horizon, and tolerance for risk. The return and
principal value of investments will fluctuate as market conditions change. When
sold, investments may be worth more or less than their original cost. <o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">The forecasts or forward-looking statements are based on
assumptions, may not materialize, and are subject to revision without notice. <o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">The market indexes discussed are unmanaged, and generally,
considered representative of their respective markets. Index performance is not
indicative of the past performance of a particular investment. Indexes do not
incur management fees, costs, and expenses. Individuals cannot directly invest
in unmanaged indexes. Past performance does not guarantee future results.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">The Dow Jones Industrial Average is an unmanaged index that is
generally considered representative of large-capitalization companies on the
U.S. stock market. Nasdaq Composite is an index of the common stocks and
similar securities listed on the NASDAQ stock market and is considered a broad
indicator of the performance of technology and growth companies. The MSCI EAFE
Index was created by Morgan Stanley Capital International (MSCI) and serves as
a benchmark of the performance of major international equity markets, as
represented by 21 major MSCI indexes from Europe, Australia, and Southeast
Asia. The S&P 500 Composite Index is an unmanaged group of securities that
are considered to be representative of the stock market in general.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">U.S. Treasury Notes are guaranteed by the federal government as
to the timely payment of principal and interest. However, if you sell a
Treasury Note prior to maturity, it may be worth more or less than the original
price paid. Fixed income investments are subject to various risks including
changes in interest rates, credit quality, inflation risk, market valuations,
prepayments, corporate events, tax ramifications and other factors.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">International investments carry additional risks, which include
differences in financial reporting standards, currency exchange rates,
political risks unique to a specific country, foreign taxes and regulations,
and the potential for illiquid markets. These factors may result in greater
share price volatility. <o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">Please consult your financial professional for additional
information.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">This content is developed from sources believed to be providing
accurate information. The information in this material is not intended as tax
or legal advice. Please consult legal or tax professionals for specific
information regarding your individual situation. This material was developed
and produced by FMG Suite to provide information on a topic that may be of
interest. FMG is not affiliated with the named representative, financial
professional, Registered Investment Advisor, Broker-Dealer, nor state- or
SEC-registered investment advisory firm. The opinions expressed and material
provided are for general information, and they should not be considered a
solicitation for the purchase or sale of any security.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">Copyright 2020 FMG Suite.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">CITATIONS:<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<a href="https://www.blogger.com/u/1/null" name="_Hlk1133051"><span style="color: #767171; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-themecolor: background2; mso-themeshade: 128;">1. The
Wall Street Journal, July 10, 2020<br />
2. The Wall Street Journal, July 10, 2020<br />
3. The Wall Street Journal, July 10, 2020<br />
4. CNBC, July 7, 2020<br />
5. MarketWatch, July 7, 2020<br />
6. MarketWatch, July 7, 2020<o:p></o:p></span></a></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="mso-bookmark: _Hlk1133051;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">CHART CITATIONS:<o:p></o:p></span></span></div>
<span style="mso-bookmark: _Hlk1133051;"></span>
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="color: #767171; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 107%; mso-ascii-theme-font: major-latin; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-themecolor: background2; mso-themeshade: 128;">The Wall Street Journal, July 10, 2020<br />
The Wall Street Journal, July 10, 2020<br />
Treasury.gov, July 10, 2020<o:p></o:p></span></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2406513828224710444.post-2600844729298982362020-07-08T15:10:00.002-05:002020-07-16T09:24:02.002-05:00Ecoomic Update for the week of July 8th, 2020<br />
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<i style="mso-bidi-font-style: normal;"><span style="font-family: "calibri light" , sans-serif; font-size: 14pt;">In this week’s recap: despite continued COVID-19 concerns,
markets react positively to upbeat economic data.<o:p></o:p></span></i></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 8pt 0in; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "calibri light" , sans-serif; font-size: 36pt; line-height: 115%;">Weekly Economic Update</span></b><b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "calibri light" , sans-serif; font-size: 36pt; line-height: 115%;"><o:p></o:p></span></b></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 8pt 0in; text-align: center;">
<span style="font-family: "calibri light" , sans-serif; font-size: 5pt; line-height: 115%;"><v:shapetype coordsize="21600,21600" filled="f" id="_x0000_t75" o:preferrelative="t" o:spt="75" path="m@4@5l@4@11@9@11@9@5xe" stroked="f">
<v:stroke joinstyle="miter">
<v:formulas>
<v:f eqn="if lineDrawn pixelLineWidth 0">
<v:f eqn="sum @0 1 0">
<v:f eqn="sum 0 0 @1">
<v:f eqn="prod @2 1 2">
<v:f eqn="prod @3 21600 pixelWidth">
<v:f eqn="prod @3 21600 pixelHeight">
<v:f eqn="sum @0 0 1">
<v:f eqn="prod @6 1 2">
<v:f eqn="prod @7 21600 pixelWidth">
<v:f eqn="sum @8 21600 0">
<v:f eqn="prod @7 21600 pixelHeight">
<v:f eqn="sum @10 21600 0">
</v:f>
<v:path gradientshapeok="t" o:connecttype="rect" o:extrusionok="f">
<o:lock aspectratio="t" v:ext="edit">
</o:lock><v:shape id="Picture_x0020_1" o:spid="_x0000_i1036" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></v:path></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:formulas></v:stroke></v:shapetype><span style="color: grey; font-family: "calibri light" , sans-serif; font-size: 1pt; line-height: 115%;"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "calibri light" , sans-serif; font-size: 12pt; line-height: 115%;">Presented by Troy L Thompson, CFP<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>July
8, 2020<o:p></o:p></span></i></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 8pt 0in; text-align: center;">
<span style="color: black; font-family: "calibri light" , sans-serif; font-size: 2pt; line-height: 115%;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "calibri light" , sans-serif; font-size: 14pt; line-height: 115%; text-transform: uppercase;">THE WEEK
ON WALL STREET<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "calibri light" , sans-serif; font-size: 12pt; line-height: 115%;">In
a holiday-shortened week, stock prices turned higher as encouraging economic
data outweighed an increase in COVID-19 cases and a rollback in economic re-openings.<o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "calibri light" , sans-serif; font-size: 12pt; line-height: 115%;">The
Dow Jones Industrial Average rose 3.25%, while the Standard & Poor’s 500
increased by 4.02%. The Nasdaq Composite Index gained 4.62% for the week. The
MSCI EAFE Index, which tracks developed stock markets overseas, picked up
0.22%.<sup>1,2,3</sup></span></span><span class="st"><span style="font-family: "calibri light" , sans-serif; font-size: 4pt; line-height: 115%;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "calibri light" , sans-serif; font-size: 14pt; line-height: 115%; text-transform: uppercase;"><br />
Stocks Climb a Wall of Worry<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "calibri light" , sans-serif; font-size: 12pt; line-height: 115%;">Stock
prices moved higher on optimism of continued central bank support and a wave of
buying on the final trading days of the second-calendar quarter.<o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "calibri light" , sans-serif; font-size: 12pt; line-height: 115%;">On
Wednesday, investors were emboldened by news of promising results from a
COVID-19 vaccine trial. Stocks continued their move to the upside on Thursday,
sparked by a better-than-expected jobs report and a higher-than-expected read
on manufacturing activity.<span style="mso-spacerun: yes;"> </span><sup><o:p></o:p></sup></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "calibri light" , sans-serif; font-size: 4pt; line-height: 115%;"><o:p> </o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "calibri light" , sans-serif; font-size: 14pt; line-height: 115%; text-transform: uppercase;">Jobs,
Jobs, Jobs<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "calibri light" , sans-serif; font-size: 12pt; line-height: 115%;">The
ultimate measure of economic recovery is jobs for Americans, and last week,
Wall Street got an update from three different perspectives.<o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "calibri light" , sans-serif; font-size: 12pt; line-height: 115%;">First,
the ADP (Automatic Data Processing) National Employment Report, which reported
private-sector employers added 2.37 million jobs in June. Next, an update on
jobless claims, which showed 1.43 million claims, slightly higher than
estimates. And finally, the June employment report from the Bureau of Labor
Statistics, which showed 4.8 million jobs added, and the unemployment rate
falling to 11.1%. Both numbers were better than expected.<sup>4,5,6</sup><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "calibri light" , sans-serif; font-size: 12pt; line-height: 115%;"><o:p> </o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "calibri light" , sans-serif; font-size: 12pt; line-height: 115%;">While
the employment numbers painted a mostly positive picture, it’s important to
remember that the June wave of rehiring was prior to the increase in COVID-19
cases, which has caused some states to revisit their re-opening plans.<o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "calibri light" , sans-serif; font-size: 5pt; line-height: 115%;"><v:shape id="Picture_x0020_19" o:spid="_x0000_i1035" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "calibri light" , sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "calibri light" , sans-serif; font-size: 2pt; line-height: 115%;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "calibri light" , sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">T I P<span style="mso-spacerun: yes;"> </span>O F<span style="mso-spacerun: yes;">
</span>T H E<span style="mso-spacerun: yes;"> </span>W E E K<br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--></span></span><span class="st"><span style="color: #e88e0a; font-family: "calibri light" , sans-serif; font-size: 2pt; line-height: 115%;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "calibri light" , sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_20" o:spid="_x0000_i1034" style="height: 56.25pt; mso-wrap-style: square; visibility: visible; width: 56.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image002.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "calibri light" , sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="font-family: "calibri light" , sans-serif; font-size: 12pt; line-height: 115%;"><br />
</span></span><span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "calibri light" , sans-serif; font-size: 14pt; line-height: 115%;">Sell
old stuff to fund a new experience. Sell what you don’t need online and use the
proceeds to partly or fully fund your new adventure.<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "calibri light" , sans-serif; font-size: 2pt; line-height: 115%;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "calibri light" , sans-serif; font-size: 5pt; line-height: 115%;"><v:shape id="Picture_x0020_21" o:spid="_x0000_i1033" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "calibri light" , sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "calibri light" , sans-serif; font-size: 3pt; letter-spacing: -0.1pt; line-height: 115%;"><o:p> </o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "calibri light" , sans-serif; font-size: 14pt; letter-spacing: -0.1pt; line-height: 115%;">THE WEEK
AHEAD: KEY ECONOMIC DATA<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "calibri light" , sans-serif; font-size: 12pt; letter-spacing: -0.1pt;">Monday: </span></b><span style="color: black; font-family: "calibri light" , sans-serif; font-size: 12pt; letter-spacing: -0.1pt;">Purchasing Managers Index (PMI) Services Index.
Institute for Supply Management (ISM) Non-Manufacturing Index.<b style="mso-bidi-font-weight: normal;"> <o:p></o:p></b></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "calibri light" , sans-serif; font-size: 12pt; letter-spacing: -0.1pt;">Tuesday: </span></b><span style="color: black; font-family: "calibri light" , sans-serif; font-size: 12pt; letter-spacing: -0.1pt;">Job Openings and Labor Turnover Survey (JOLTS).</span><span style="color: black; font-family: "calibri light" , sans-serif; font-size: 12pt; letter-spacing: -0.1pt;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "calibri light" , sans-serif; font-size: 12pt; letter-spacing: -0.1pt;">Thursday: </span></b><span style="color: black; font-family: "calibri light" , sans-serif; font-size: 12pt; letter-spacing: -0.1pt;">Jobless Claims.</span><span style="color: black; font-family: "calibri light" , sans-serif; font-size: 12pt; letter-spacing: -0.1pt;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<span style="font-family: "calibri";"><span style="color: black; font-size: 9pt;">Source:
Econoday, July 2, 2020</span><span style="font-family: "times new roman" , serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt; text-align: justify;">
<span style="font-family: "calibri";"><span style="color: black; font-size: 9pt;">The Econoday economic calendar lists upcoming U.S. economic data
releases (including key economic indicators), Federal Reserve policy meetings,
and speaking engagements of Federal Reserve officials. The content is developed
from sources believed to be providing accurate information. The forecasts or
forward-looking statements are based on assumptions and may not materialize.
The forecasts also are subject to revision.</span><span style="color: black; font-family: "calibri light" , sans-serif; font-size: 12pt; letter-spacing: -0.1pt;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: grey; font-family: "calibri light" , sans-serif; font-size: 2pt; letter-spacing: -0.1pt; line-height: 115%;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "calibri light" , sans-serif; font-size: 14pt; letter-spacing: -0.1pt; line-height: 115%;">THE WEEK
AHEAD: COMPANIES REPORTING EARNINGS<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "calibri light" , sans-serif; font-size: 12pt; letter-spacing: -0.1pt;">Tuesday: </span></b><span style="color: black; font-family: "calibri light" , sans-serif; font-size: 12pt; letter-spacing: -0.1pt;">Paychex (PAYX), Levi Strauss (LEVI).</span><span style="color: black; font-family: "calibri light" , sans-serif; font-size: 12pt; letter-spacing: -0.1pt;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "calibri light" , sans-serif; font-size: 12pt; letter-spacing: -0.1pt;">Wednesday: </span></b><span style="color: black; font-family: "calibri light" , sans-serif; font-size: 12pt; letter-spacing: -0.1pt;">Bed, Bath & Beyond (BBBY).<b style="mso-bidi-font-weight: normal;"> <o:p></o:p></b></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "calibri light" , sans-serif; font-size: 12pt; letter-spacing: -0.1pt;">Thursday: </span></b><span style="color: black; font-family: "calibri light" , sans-serif; font-size: 12pt; letter-spacing: -0.1pt;">Delta Airlines (DAL), Walgreens Boots (WBA).</span><span style="color: black; font-family: "calibri light" , sans-serif; font-size: 12pt; letter-spacing: -0.1pt;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<span style="font-family: "calibri";"><span style="color: black; font-size: 9pt;">Source:
Zacks, July 2, 2020</span><span style="font-family: "times new roman" , serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<span style="font-family: "calibri";"><span style="color: black; font-size: 9pt;">Companies
mentioned are for informational purposes only. It should not be considered a
solicitation for the purchase or sale of the securities. Investing involves
risks, and investment decisions should be based on your own goals, time
horizon, and tolerance for risk. The return and principal value of investments
will fluctuate as market conditions change. When sold, investments may be worth
more or less than their original cost. Companies may reschedule when they
report earnings without notice.</span><span style="font-family: "times new roman" , serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: grey; font-family: "calibri light" , sans-serif; font-size: 2pt; letter-spacing: -0.1pt; line-height: 115%;"><o:p> </o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "calibri light" , sans-serif; font-size: 5pt; line-height: 115%;"><v:shape id="Picture_x0020_26" o:spid="_x0000_i1032" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "calibri light" , sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "calibri light" , sans-serif; font-size: 2pt; line-height: 115%;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "calibri light" , sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Q U O T E<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>O F<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>T H E<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>W E E K<o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="font-family: "calibri light" , sans-serif; font-size: 2pt; line-height: 115%;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "calibri light" , sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_27" o:spid="_x0000_i1031" style="height: 50.25pt; mso-wrap-style: square; visibility: visible; width: 68.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image003.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "calibri light" , sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "calibri light" , sans-serif; font-size: 18pt; line-height: 115%;">“Service is the rent we pay
to be living. It is the very purpose of life and not something you do in your
spare time.”<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "calibri light" , sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">MARION WRIGHT EDELMAN</span></i></span><span class="st"><span style="font-family: "calibri light" , sans-serif; font-size: 12pt; line-height: 115%;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "calibri light" , sans-serif; font-size: 2pt; line-height: 115%;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "calibri light" , sans-serif; font-size: 5pt; line-height: 115%;"><v:shape id="Picture_x0020_28" o:spid="_x0000_i1030" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "calibri light" , sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span class="st"><span style="font-family: "calibri light" , sans-serif; font-size: 2pt; line-height: 115%;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="border: currentColor; color: black; font-family: "arial" , sans-serif;"><v:shape id="Picture_x0020_3" o:spid="_x0000_i1029" style="height: 439.5pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image004.png">
</v:imagedata></v:shape></span><span style="color: #646464; font-family: "calibri light" , sans-serif; font-size: 9pt; letter-spacing: -0.2pt; line-height: 115%;"><span style="mso-spacerun: yes;"> </span></span><span style="color: #646464; font-family: "calibri light" , sans-serif; font-size: 9pt; letter-spacing: -0.2pt; line-height: 115%;"><o:p></o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "calibri light" , sans-serif; font-size: 5pt; line-height: 115%;"><v:shape id="Picture_x0020_23" o:spid="_x0000_i1028" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "calibri light" , sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "calibri light" , sans-serif; font-size: 2pt; line-height: 115%;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "calibri light" , sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">T H E<span style="mso-spacerun: yes;"> </span>W E E K L Y<span style="mso-spacerun: yes;">
</span>R I D D L E<o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="font-family: "calibri light" , sans-serif; font-size: 2pt; line-height: 115%;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "calibri light" , sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_24" o:spid="_x0000_i1027" style="height: 75pt; mso-wrap-style: square; visibility: visible; width: 60.75pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image005.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "calibri light" , sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "calibri light" , sans-serif; font-size: 18pt; line-height: 115%;">To date, only one bachelor
has served as President of the United States. Can you name him?<b style="mso-bidi-font-weight: normal;"><o:p></o:p></b></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "calibri light" , sans-serif; font-size: 2pt; line-height: 115%;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "calibri light" , sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">LAST WEEK’S
RIDDLE: Can you determine the numeral between 1 and 100 that is also nine times
the sum of its digits?<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "calibri light" , sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">ANSWER: 81.
(8+1 = 9, 81 is 9x the sum of 9)<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "calibri light" , sans-serif; font-size: 2pt; line-height: 115%;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "calibri light" , sans-serif; font-size: 5pt; line-height: 115%;"><v:shape id="Picture_x0020_29" o:spid="_x0000_i1026" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "calibri light" , sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p></o:p></span></i></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #a6a6a6; font-family: "calibri light" , sans-serif; font-size: 2pt; line-height: 115%;"><o:p> </o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "calibri light" , sans-serif; font-size: 12pt; line-height: 115%;">Troy L Thompson may be
reached at 515-432-5421 or troy@thompsonfinancialinc.com <br />
www.thompsonfinancialinc.com<br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--><o:p></o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "calibri light" , sans-serif; font-size: 12pt; line-height: 115%;">Know
someone who could use information like this? <br />
</span></b><span style="font-family: "calibri light" , sans-serif; font-size: 12pt; line-height: 115%;">Please
feel free to send us their contact information via phone or email. (Don’t worry
– we’ll request their permission before adding them to our mailing list.)</span><span style="font-family: "calibri light" , sans-serif; font-size: 3pt; line-height: 115%;"><o:p></o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "calibri light" , sans-serif; font-size: 5pt; line-height: 115%;"><v:shape id="Picture_x0020_31" o:spid="_x0000_i1025" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span style="color: #a6a6a6; font-family: "calibri light" , sans-serif; font-size: 10pt; line-height: 115%;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #a6a6a6; font-family: "calibri light" , sans-serif; font-size: 1pt; line-height: 115%;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: "calibri";">Troy Thompson, CFP<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: "calibri";">DBA Thompson Financial and Hanson Asset Strategies<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: "calibri";">Securities offered through FIRST HEARTLAND CAPITAL, INC.
Member FINRA & SIPC.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<o:p><span style="font-family: "calibri";"> </span></o:p></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: "calibri";">Thompson Financial is not affiliated with FIRST HEARTLAND
CAPITAL, INC.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "calibri light" , sans-serif; font-size: 8pt; line-height: 115%;">Investing involves risks, and investment decisions should be
based on your own goals, time horizon, and tolerance for risk. The return and
principal value of investments will fluctuate as market conditions change. When
sold, investments may be worth more or less than their original cost. <o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "calibri light" , sans-serif; font-size: 8pt; line-height: 115%;">The forecasts or forward-looking statements are based on
assumptions, may not materialize, and are subject to revision without notice. <o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "calibri light" , sans-serif; font-size: 8pt; line-height: 115%;">The market indexes discussed are unmanaged, and generally,
considered representative of their respective markets. Index performance is not
indicative of the past performance of a particular investment. Indexes do not
incur management fees, costs, and expenses. Individuals cannot directly invest
in unmanaged indexes. Past performance does not guarantee future results.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "calibri light" , sans-serif; font-size: 8pt; line-height: 115%;">The Dow Jones Industrial Average is an unmanaged index that is
generally considered representative of large-capitalization companies on the
U.S. stock market. Nasdaq Composite is an index of the common stocks and
similar securities listed on the NASDAQ stock market and is considered a broad
indicator of the performance of technology and growth companies. The MSCI EAFE
Index was created by Morgan Stanley Capital International (MSCI) and serves as
a benchmark of the performance of major international equity markets, as
represented by 21 major MSCI indexes from Europe, Australia, and Southeast
Asia. The S&P 500 Composite Index is an unmanaged group of securities that
are considered to be representative of the stock market in general.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "calibri light" , sans-serif; font-size: 8pt; line-height: 115%;">U.S. Treasury Notes are guaranteed by the federal government as
to the timely payment of principal and interest. However, if you sell a
Treasury Note prior to maturity, it may be worth more or less than the original
price paid. Fixed income investments are subject to various risks including
changes in interest rates, credit quality, inflation risk, market valuations,
prepayments, corporate events, tax ramifications and other factors.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "calibri light" , sans-serif; font-size: 8pt; line-height: 115%;">International investments carry additional risks, which include
differences in financial reporting standards, currency exchange rates,
political risks unique to a specific country, foreign taxes and regulations,
and the potential for illiquid markets. These factors may result in greater
share price volatility. <o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "calibri light" , sans-serif; font-size: 8pt; line-height: 115%;">Please consult your financial professional for additional
information.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "calibri light" , sans-serif; font-size: 8pt; line-height: 115%;">This content is developed from sources believed to be providing
accurate information. The information in this material is not intended as tax
or legal advice. Please consult legal or tax professionals for specific
information regarding your individual situation. This material was developed
and produced by FMG Suite to provide information on a topic that may be of
interest. FMG is not affiliated with the named representative, financial
professional, Registered Investment Advisor, Broker-Dealer, nor state- or
SEC-registered investment advisory firm. The opinions expressed and material
provided are for general information, and they should not be considered a
solicitation for the purchase or sale of any security.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "calibri light" , sans-serif; font-size: 8pt; line-height: 115%;">Copyright 2020 FMG Suite.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "calibri light" , sans-serif; font-size: 8pt; line-height: 115%;">CITATIONS:<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<a href="https://www.blogger.com/u/1/null" name="_Hlk1133051"></a><a href="https://www.blogger.com/u/1/null" name="_Hlk2950709"><span style="mso-bookmark: _Hlk1133051;"><span style="color: #767171; font-family: "calibri light" , sans-serif; font-size: 8pt; line-height: 115%;">1. The
Wall Street Journal, July 2, 2020<br />
2. The Wall Street Journal, July 2, 2020<br />
3. The Wall Street Journal, July 2, 2020</span><span style="font-family: "calibri";"> <br />
</span></span></a><span style="mso-bookmark: _Hlk2950709;"><span style="mso-bookmark: _Hlk1133051;"><span style="color: #767171; font-family: "calibri light" , sans-serif; font-size: 8pt; line-height: 115%;">4.
MarketWatch, July 1, 2020</span><span style="font-family: "calibri";"> <br />
</span></span></span><span style="mso-bookmark: _Hlk2950709;"><span style="mso-bookmark: _Hlk1133051;"><span style="color: #767171; font-family: "calibri light" , sans-serif; font-size: 8pt; line-height: 115%;">5.
CNBC, July 2, 2020</span><span style="font-family: "calibri";"> <br />
</span></span></span><span style="mso-bookmark: _Hlk2950709;"><span style="mso-bookmark: _Hlk1133051;"><span style="color: #767171; font-family: "calibri light" , sans-serif; font-size: 8pt; line-height: 115%;">6. The
Wall Street Journal, July 2, 2020<br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--></span></span></span><span style="mso-bookmark: _Hlk2950709;"></span><span style="mso-bookmark: _Hlk1133051;"><span style="color: #646464; font-family: "calibri light" , sans-serif; font-size: 8pt; line-height: 115%;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="mso-bookmark: _Hlk1133051;"><span style="color: #646464; font-family: "calibri light" , sans-serif; font-size: 8pt; line-height: 115%;">CHART CITATIONS:<o:p></o:p></span></span></div>
<span style="mso-bookmark: _Hlk1133051;"></span>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="color: #767171; font-family: "calibri light" , sans-serif; font-size: 8pt; line-height: 107%;">The Wall Street Journal, July 2, 2020<br />
The Wall Street Journal, July 2, 2020<br />
Treasury.gov, July 2, 2020</span><span style="color: #767171; mso-themecolor: background2; mso-themeshade: 128;"><o:p></o:p></span></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2406513828224710444.post-41609645337933492252020-06-30T15:03:00.003-05:002020-06-30T15:03:31.997-05:00Economic Update for the week of June 30th, 2020
<br />
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
</div>
<span style="font-family: "Calibri Light",sans-serif; font-size: 14pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin;"><div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 14pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin;">In this week’s recap: a rise in COVID-19 cases inspires
turbulence in markets, tapping the brakes on economic recovery.<o:p></o:p></span></i></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 8pt 0in; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 36pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;">Weekly Economic Update</span></b><b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 36pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></b></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 8pt 0in; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shapetype coordsize="21600,21600" filled="f" id="_x0000_t75" o:preferrelative="t" o:spt="75" path="m@4@5l@4@11@9@11@9@5xe" stroked="f">
<v:stroke joinstyle="miter">
<v:formulas>
<v:f eqn="if lineDrawn pixelLineWidth 0">
<v:f eqn="sum @0 1 0">
<v:f eqn="sum 0 0 @1">
<v:f eqn="prod @2 1 2">
<v:f eqn="prod @3 21600 pixelWidth">
<v:f eqn="prod @3 21600 pixelHeight">
<v:f eqn="sum @0 0 1">
<v:f eqn="prod @6 1 2">
<v:f eqn="prod @7 21600 pixelWidth">
<v:f eqn="sum @8 21600 0">
<v:f eqn="prod @7 21600 pixelHeight">
<v:f eqn="sum @10 21600 0">
</v:f>
<v:path gradientshapeok="t" o:connecttype="rect" o:extrusionok="f">
<o:lock aspectratio="t" v:ext="edit">
</o:lock><v:shape id="Picture_x0020_1" o:spid="_x0000_i1036" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></v:path></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:formulas></v:stroke></v:shapetype></span><i style="mso-bidi-font-style: normal;"><span style="color: #376b8d; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></i></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
<span style="color: grey; font-family: "Calibri Light",sans-serif; font-size: 1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 128;"><span style="font-family: Times New Roman; font-size: small;"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin;">Presented by Troy L Thompson, CFP<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>June
30, <span style="mso-spacerun: yes;"> </span>2020<o:p></o:p></span></i></span></span></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 8pt 0in; text-align: center;">
<span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p> </o:p></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;">THE WEEK
ON WALL STREET<o:p></o:p></span></b></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">A
jump in COVID-19 cases dampened investor enthusiasm last week, sending stock
prices lower on worries that rising infections could derail the economic
recovery.<span style="mso-spacerun: yes;"> </span><o:p></o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">The
Dow Jones Industrial Average slumped 3.31%, while the Standard & Poor’s 500
retreated 2.86%. The Nasdaq Composite Index lost 1.90% for the week. The MSCI
EAFE Index, which tracks developed stock markets overseas, declined 1.28%.<sup>1,2,3</sup>
</span></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 4pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;">A Rocky
Week for Stocks<o:p></o:p></span></b></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Investors
began the week overlooking a jump in COVID-19 cases in some early reopening
states, sending stocks higher and powering the Nasdaq Composite to close above
10,000 and establish a new record high on successive days. But the market
quickly reversed course as investors reacted to data showing a troubling spike
in nationwide COVID-19 cases.<sup>4</sup><o:p></o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">In
Thursday’s trading, stocks opened lower but rallied late in the day on no
apparent news. Stocks resumed their decline on Friday, falling on news that
Texas and Florida were rolling back some reopening plans amid rising COVID-19
infections.<sup>5</sup></span></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 4pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;">COVID-19
Cases <o:p></o:p></span></b></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Investor
expectations for an economic rebound took a hit last week, following reports of
an increase in nationwide COVID-19 cases. The pace of infections had picked up
in 33 states, with the seven-day average of new cases higher than the average
over the last two weeks.<sup>6</sup> <o:p></o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">While
traders understood that reopening and increased testing would lead to an uptick
in reported cases, the numbers were a bit unsettling. The week’s action
reminded investors that the market remains tightly tethered to COVID-19
developments.<o:p></o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;"><span style="mso-spacerun: yes;"> </span><o:p></o:p></span></b></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_19" o:spid="_x0000_i1035" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-size: small;"><span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">T I P<span style="mso-spacerun: yes;"> </span>O F<span style="mso-spacerun: yes;">
</span>T H E<span style="mso-spacerun: yes;"> </span>W E E K<br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--></span></span><span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-size: small;"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_20" o:spid="_x0000_i1034" style="height: 56.25pt; mso-wrap-style: square; visibility: visible; width: 56.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image002.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><br />
</span></span><span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Ward
off impulse buying with a 30-day list. If you feel like you have to have
something, put it on your 30-day list. See if you still have the urge to buy it
after 30 days. Chances are? You won’t.<o:p></o:p></span></i></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></i></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_21" o:spid="_x0000_i1033" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 3pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></b></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">THE WEEK
AHEAD: KEY ECONOMIC DATA<o:p></o:p></span></b></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Wednesday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">ADP (Automatic Data Processing) Employment Report.
Purchasing Managers Index (PMI) Manufacturing Index. Institute for Supply
Management (ISM) Manufacturing Index. Federal Open Market Committee (FOMC)
Minutes.<b style="mso-bidi-font-weight: normal;"> <o:p></o:p></b></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Thursday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Employment Situation Report. Jobless Claims. Factory
Orders.</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Source:
Econoday, June 26, 2020</span><span style="font-family: "Times New Roman",serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">The Econoday economic calendar lists upcoming U.S. economic data
releases (including key economic indicators), Federal Reserve policy meetings,
and speaking engagements of Federal Reserve officials. The content is developed
from sources believed to be providing accurate information. The forecasts or
forward-looking statements are based on assumptions and may not materialize.
The forecasts also are subject to revision.</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: grey; font-family: "Calibri Light",sans-serif; font-size: 2pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">THE WEEK
AHEAD: COMPANIES REPORTING EARNINGS<o:p></o:p></span></b></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Monday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Micron Technologies (MU).<b style="mso-bidi-font-weight: normal;"> <o:p></o:p></b></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Tuesday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">FedEx Corp. (FDX), Conagra Brands (CAG).</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Wednesday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Constellation Brands (STZ), General Mills (GIS).<b style="mso-bidi-font-weight: normal;"> <o:p></o:p></b></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Source:
Zacks, June 26, 2020</span><span style="font-family: "Times New Roman",serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Companies
mentioned are for informational purposes only. It should not be considered a
solicitation for the purchase or sale of the securities. Investing involves
risks, and investment decisions should be based on your own goals, time
horizon, and tolerance for risk. The return and principal value of investments will
fluctuate as market conditions change. When sold, investments may be worth more
or less than their original cost. Companies may reschedule when they report
earnings without notice.</span><span style="font-family: "Times New Roman",serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: grey; font-family: "Calibri Light",sans-serif; font-size: 2pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_26" o:spid="_x0000_i1032" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><span style="font-size: small;">Q U O T E<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>O F<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>T H E<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>W E E K<o:p></o:p></span></span></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-size: small;"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_27" o:spid="_x0000_i1031" style="height: 50.25pt; mso-wrap-style: square; visibility: visible; width: 68.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image003.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 18pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">“Amusement to an observing
mind is study.”<o:p></o:p></span></i></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-size: small;"><span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">BENJAMIN
DISRAELI</span></i></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></i></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_28" o:spid="_x0000_i1030" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-size: small;"><span style="border: currentColor; color: black; font-family: "Arial",sans-serif; mso-no-proof: yes;"><v:shape id="Picture_x0020_3" o:spid="_x0000_i1029" style="height: 433.5pt; mso-wrap-style: square; visibility: visible; width: 461.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image004.png">
</v:imagedata></v:shape></span><span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 9pt; letter-spacing: -0.2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Verdana; mso-bidi-font-size: 7.0pt; mso-bidi-font-style: italic; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_23" o:spid="_x0000_i1028" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><span style="font-size: small;">T H E<span style="mso-spacerun: yes;"> </span>W E E K L Y<span style="mso-spacerun: yes;">
</span>R I D D L E<o:p></o:p></span></span></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-size: small;"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_24" o:spid="_x0000_i1027" style="height: 75pt; mso-wrap-style: square; visibility: visible; width: 60.75pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image005.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 18pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Can you determine the numeral
between 1 and 100 that is also nine times the sum of its digits?<b style="mso-bidi-font-weight: normal;"><o:p></o:p></b></span></i></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></i></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><span style="font-size: small;">LAST WEEK’S
RIDDLE: What is the only planet within our solar system that rotates clockwise?<o:p></o:p></span></span></i></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><span style="font-size: small;">ANSWER: Venus.<o:p></o:p></span></span></i></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></i></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_29" o:spid="_x0000_i1026" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p></o:p></span></i></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;">Troy L Thompson, CFP may be
reached at 515-432-5421 or <a href="https://www.blogger.com/u/1/null">troy@thompsonfinancialinc.com</a><o:p></o:p></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;">www.thompsonfinancialinc.com<br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--><o:p></o:p></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;">Know
someone who could use information like this? <br />
</span></b><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;">Please
feel free to send us their contact information via phone or email. (Don’t worry
– we’ll request their permission before adding them to our mailing list.)</span><span style="font-family: "Calibri Light",sans-serif; font-size: 3pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_31" o:spid="_x0000_i1025" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 10pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p></o:p></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 8.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;"><span style="font-size: small;">Troy Thompson, CFP<o:p></o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;"><span style="font-size: small;">DBA Thompson Financial and Hanson Asset Strategies<o:p></o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;"><span style="font-size: small;">Securities offered through FIRST HEARTLAND CAPITAL, INC.
Member FINRA & SIPC.<o:p></o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<o:p><span style="font-family: Calibri; font-size: small;"> </span></o:p></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;"><span style="font-size: small;">Thompson Financial is not affiliated with FIRST HEARTLAND
CAPITAL, INC.<o:p></o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">Investing involves risks, and investment decisions should be
based on your own goals, time horizon, and tolerance for risk. The return and
principal value of investments will fluctuate as market conditions change. When
sold, investments may be worth more or less than their original cost. <o:p></o:p></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">The forecasts or forward-looking statements are based on
assumptions, may not materialize, and are subject to revision without notice. <o:p></o:p></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">The market indexes discussed are unmanaged, and generally,
considered representative of their respective markets. Index performance is not
indicative of the past performance of a particular investment. Indexes do not
incur management fees, costs, and expenses. Individuals cannot directly invest
in unmanaged indexes. Past performance does not guarantee future results.<o:p></o:p></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">The Dow Jones Industrial Average is an unmanaged index that is
generally considered representative of large-capitalization companies on the
U.S. stock market. Nasdaq Composite is an index of the common stocks and
similar securities listed on the NASDAQ stock market and is considered a broad
indicator of the performance of technology and growth companies. The MSCI EAFE
Index was created by Morgan Stanley Capital International (MSCI) and serves as
a benchmark of the performance of major international equity markets, as
represented by 21 major MSCI indexes from Europe, Australia, and Southeast
Asia. The S&P 500 Composite Index is an unmanaged group of securities that
are considered to be representative of the stock market in general.<o:p></o:p></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">U.S. Treasury Notes are guaranteed by the federal government as
to the timely payment of principal and interest. However, if you sell a
Treasury Note prior to maturity, it may be worth more or less than the original
price paid. Fixed income investments are subject to various risks including
changes in interest rates, credit quality, inflation risk, market valuations,
prepayments, corporate events, tax ramifications and other factors.<o:p></o:p></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">International investments carry additional risks, which include
differences in financial reporting standards, currency exchange rates,
political risks unique to a specific country, foreign taxes and regulations,
and the potential for illiquid markets. These factors may result in greater
share price volatility. <o:p></o:p></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">Please consult your financial professional for additional
information.<o:p></o:p></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">This content is developed from sources believed to be providing
accurate information. The information in this material is not intended as tax
or legal advice. Please consult legal or tax professionals for specific
information regarding your individual situation. This material was developed
and produced by FMG Suite to provide information on a topic that may be of
interest. FMG is not affiliated with the named representative, financial
professional, Registered Investment Advisor, Broker-Dealer, nor state- or
SEC-registered investment advisory firm. The opinions expressed and material
provided are for general information, and they should not be considered a
solicitation for the purchase or sale of any security.<o:p></o:p></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">Copyright 2020 FMG Suite.<o:p></o:p></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">CITATIONS:<o:p></o:p></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<a href="https://www.blogger.com/u/1/null" name="_Hlk1133051"></a><a href="https://www.blogger.com/u/1/null" name="_Hlk2950709"><span style="mso-bookmark: _Hlk1133051;"><span style="color: #767171; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-themecolor: background2; mso-themeshade: 128;">1 – The
Wall Street Journal, June 26, 2020<br />
2 – The Wall Street Journal, June 26, 2020<br />
3 – The Wall Street Journal, June 26, 2020<br />
4 – Marketwatch.com, June 23, 2020<br />
5 – FoxBusiness.com, June 26, 2020<br />
6 – The Wall Street Journal, June 25, 2020<o:p></o:p></span></span></a></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
<span style="mso-bookmark: _Hlk2950709;"></span>
</span></div>
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="mso-bookmark: _Hlk1133051;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">CHART CITATIONS:<o:p></o:p></span></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
<span style="mso-bookmark: _Hlk1133051;"></span>
</span></div>
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="color: #767171; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 107%; mso-ascii-theme-font: major-latin; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-themecolor: background2; mso-themeshade: 128;">The Wall Street Journal, June 26, 2020<br />
The Wall Street Journal, June 26, 2020<br />
Treasury.gov, June 26, 2020</span><span style="color: #767171; mso-themecolor: background2; mso-themeshade: 128;"><o:p></o:p></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<span style="font-family: Times New Roman; font-size: small;">
</span></div>
</span><div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
</div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2406513828224710444.post-19352579893588456982020-06-23T14:06:00.000-05:002020-06-23T14:06:42.762-05:00Economic Update for the week of June 23rd, 2020
<br />
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 14pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin;">In this week’s recap: as fears of economic shutdown
diminish, the U.S. economy gains momentum.<o:p></o:p></span></i></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 8pt 0in; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 36pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;">Weekly Economic Update</span></b><b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 36pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></b></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 8pt 0in; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shapetype coordsize="21600,21600" filled="f" id="_x0000_t75" o:preferrelative="t" o:spt="75" path="m@4@5l@4@11@9@11@9@5xe" stroked="f">
<v:stroke joinstyle="miter">
<v:formulas>
<v:f eqn="if lineDrawn pixelLineWidth 0">
<v:f eqn="sum @0 1 0">
<v:f eqn="sum 0 0 @1">
<v:f eqn="prod @2 1 2">
<v:f eqn="prod @3 21600 pixelWidth">
<v:f eqn="prod @3 21600 pixelHeight">
<v:f eqn="sum @0 0 1">
<v:f eqn="prod @6 1 2">
<v:f eqn="prod @7 21600 pixelWidth">
<v:f eqn="sum @8 21600 0">
<v:f eqn="prod @7 21600 pixelHeight">
<v:f eqn="sum @10 21600 0">
</v:f>
<v:path gradientshapeok="t" o:connecttype="rect" o:extrusionok="f">
<o:lock aspectratio="t" v:ext="edit">
</o:lock><v:shape id="Picture_x0020_1" o:spid="_x0000_i1036" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></v:path></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:formulas></v:stroke></v:shapetype><span style="color: grey; font-family: "Calibri Light",sans-serif; font-size: 1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 128;"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin;">Presented by Troy L Thompson, CFP<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>June
23, 2020<o:p></o:p></span></i></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 8pt 0in; text-align: center;">
<span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;">THE WEEK
ON WALL STREET<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Stocks
moved higher last week on news of more Federal Reserve market support and
diminished concerns that new COVID-19 cases might lead to another economic
shutdown. <o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">The
Dow Jones Industrial Average rose 1.04%, while the Standard & Poor’s 500
gained 1.86%. The Nasdaq Composite Index jumped 3.73% for the week. The MSCI
EAFE Index, which tracks developed overseas stock markets, increased 1.88%.<sup>1,2,3</sup></span></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 4pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;">Investor
Sentiment<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">News
on Monday that the Fed would be expanding its bond-buying program to include
the debt of individual companies sparked a sharp jump in stocks. The momentum
gained through the week as investors focused on positive economic signals,
especially with retail sales. A midweek report of an effective COVID-19
treatment for critically ill patients boosted investor optimism.<o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Market
sentiment also was helped by talk of more fiscal stimulus and a report that
China would be moving ahead with agricultural purchases to comply with phase
one of the trade deal, easing concerns over growing friction in the U.S.-China
relationship.<span style="mso-spacerun: yes;"> </span><sup><o:p></o:p></sup></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 4pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;">Mixed
Economic Data<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Last
week’s economic data illustrated the uneven nature of the nation’s nascent
economic recovery.<o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Retail
sales, which were up by 17.7% in May, reflected a strong, encouraging rebound
in the U.S. consumer. Consumer spending was particularly strong in clothing,
furniture, sporting goods, and autos.<sup>4,5</sup> <o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">But
industrial production (up by only 1.4%) and new housing starts (ahead by just
4.3%) showed tepid rebounds, indicating that recovery has yet to reach all corners
of the American economy. Jobless claims posted their best number since
mid-March (1.5 million), but remained high by historical standards.<sup>6,7,8</sup><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;">Final
Thoughts<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Last
week saw the flare-up of border tensions in two geopolitical hotspots: North Korea
and the disputed border region between China and India. The hope, of course, is
that escalation can be avoided through diplomacy, but any heightening in
tensions may become a concern for global markets.</span></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 3pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_19" o:spid="_x0000_i1035" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">T I P<span style="mso-spacerun: yes;"> </span>O F<span style="mso-spacerun: yes;">
</span>T H E<span style="mso-spacerun: yes;"> </span>W E E K<br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--></span></span><span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_20" o:spid="_x0000_i1034" style="height: 56.25pt; mso-wrap-style: square; visibility: visible; width: 56.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image002.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><br />
</span></span><span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Update
your will. It is just as important as having one. If you drafted a will years
ago, the information is likely in need of some adjustments. Be sure to revisit
your will often and keep it up to date.<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_21" o:spid="_x0000_i1033" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 3pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">THE WEEK AHEAD:
KEY ECONOMIC DATA<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Monday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Existing Home Sales.<b style="mso-bidi-font-weight: normal;"> <o:p></o:p></b></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Tuesday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">New Home Sales.</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Thursday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Durable Goods Orders. Gross Domestic Product (GDP).
Jobless Claims.</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Friday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Consumer Sentiment.</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Source:
Econoday, June 19, 2020</span><span style="font-family: "Times New Roman",serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">The Econoday economic calendar lists upcoming U.S. economic data
releases (including key economic indicators), Federal Reserve policy meetings,
and speaking engagements of Federal Reserve officials. The content is developed
from sources believed to be providing accurate information. The forecasts or
forward-looking statements are based on assumptions and may not materialize.
The forecasts also are subject to revision.</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: grey; font-family: "Calibri Light",sans-serif; font-size: 2pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">THE WEEK
AHEAD: COMPANIES REPORTING EARNINGS<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Wednesday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">KB Home (KBH).<b style="mso-bidi-font-weight: normal;">
<o:p></o:p></b></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Thursday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Accenture Plc (ACN), Darden Restaurants (DRI).</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Source:
Zacks, June 19, 2020</span><span style="font-family: "Times New Roman",serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Companies
mentioned are for informational purposes only. It should not be considered a
solicitation for the purchase or sale of the securities. Investing involves
risks, and investment decisions should be based on your own goals, time
horizon, and tolerance for risk. The return and principal value of investments
will fluctuate as market conditions change. When sold, investments may be worth
more or less than their original cost. Companies may reschedule when they
report earnings without notice.</span><span style="font-family: "Times New Roman",serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: grey; font-family: "Calibri Light",sans-serif; font-size: 2pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_26" o:spid="_x0000_i1032" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Q U O T E<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>O F<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>T H E<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>W E E K<o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_27" o:spid="_x0000_i1031" style="height: 50.25pt; mso-wrap-style: square; visibility: visible; width: 68.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image003.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 18pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">“We do not quit playing
because we grow old, we grow old because we quit playing.”<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">OLIVER WENDELL
HOLMES</span></i></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_28" o:spid="_x0000_i1030" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: Calibri;"><span style="border: currentColor; color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-hansi-font-family: Calibri; mso-no-proof: yes;"><v:shape id="Picture_x0020_3" o:spid="_x0000_i1029" style="height: 433.5pt; mso-wrap-style: square; visibility: visible; width: 461.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image004.png">
</v:imagedata></v:shape></span><span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 9pt; letter-spacing: -0.2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Verdana; mso-bidi-font-size: 7.0pt; mso-bidi-font-style: italic; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_23" o:spid="_x0000_i1028" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">T H E<span style="mso-spacerun: yes;"> </span>W E E K L Y<span style="mso-spacerun: yes;">
</span>R I D D L E<o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_24" o:spid="_x0000_i1027" style="height: 75pt; mso-wrap-style: square; visibility: visible; width: 60.75pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image005.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 18pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">What is the only planet
within our solar system that rotates clockwise?<b style="mso-bidi-font-weight: normal;"><o:p></o:p></b></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">LAST WEEK’S
RIDDLE: The names of two U.S. state capital cities rhyme but share no vowels.
Can you name the two cities?<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">ANSWER: Austin
and Boston.<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_29" o:spid="_x0000_i1026" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p></o:p></span></i></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;">Troy L Thompson, CFP may be
reached at 515-432-5421 or troy@thompsonfinancialinc.com <br />
www.thompsonfinancialinc.com<o:p></o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;">Know
someone who could use information like this? <br />
</span></b><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;">Please
feel free to send us their contact information via phone or email. (Don’t worry
– we’ll request their permission before adding them to our mailing list.)</span><span style="font-family: "Calibri Light",sans-serif; font-size: 3pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_31" o:spid="_x0000_i1025" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 10pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 8.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">Troy Thompson, CFP<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">DBA Thompson Financial and Hanson Asset Strategies<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">Securities offered through FIRST HEARTLAND CAPITAL, INC.
Member FINRA & SIPC.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<o:p><span style="font-family: Calibri;"> </span></o:p></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">Thompson Financial is not affiliated with FIRST HEARTLAND
CAPITAL, INC.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">Investing involves risks, and investment decisions should
be based on your own goals, time horizon, and tolerance for risk. The return
and principal value of investments will fluctuate as market conditions change.
When sold, investments may be worth more or less than their original cost. <o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">The forecasts or forward-looking statements are based on
assumptions, may not materialize, and are subject to revision without notice. <o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">The market indexes discussed are unmanaged, and generally,
considered representative of their respective markets. Index performance is not
indicative of the past performance of a particular investment. Indexes do not
incur management fees, costs, and expenses. Individuals cannot directly invest
in unmanaged indexes. Past performance does not guarantee future results.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">The Dow Jones Industrial Average is an unmanaged index
that is generally considered representative of large-capitalization companies
on the U.S. stock market. Nasdaq Composite is an index of the common stocks and
similar securities listed on the NASDAQ stock market and is considered a broad
indicator of the performance of technology and growth companies. The MSCI EAFE
Index was created by Morgan Stanley Capital International (MSCI) and serves as
a benchmark of the performance of major international equity markets, as
represented by 21 major MSCI indexes from Europe, Australia, and Southeast
Asia. The S&P 500 Composite Index is an unmanaged group of securities that
are considered to be representative of the stock market in general.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">U.S. Treasury Notes are guaranteed by the federal
government as to the timely payment of principal and interest. However, if you
sell a Treasury Note prior to maturity, it may be worth more or less than the
original price paid. Fixed income investments are subject to various risks
including changes in interest rates, credit quality, inflation risk, market
valuations, prepayments, corporate events, tax ramifications and other factors.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">International investments carry additional risks, which
include differences in financial reporting standards, currency exchange rates,
political risks unique to a specific country, foreign taxes and regulations,
and the potential for illiquid markets. These factors may result in greater
share price volatility. <o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">Please consult your financial professional for additional
information.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">This content is developed from sources believed to be
providing accurate information. The information in this material is not
intended as tax or legal advice. Please consult legal or tax professionals for
specific information regarding your individual situation. This material was
developed and produced by FMG Suite to provide information on a topic that may
be of interest. FMG is not affiliated with the named representative, financial
professional, Registered Investment Advisor, Broker-Dealer, nor state- or
SEC-registered investment advisory firm. The opinions expressed and material
provided are for general information, and they should not be considered a
solicitation for the purchase or sale of any security.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">Copyright 2020 FMG Suite.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">CITATIONS:<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<a href="https://www.blogger.com/u/1/null" name="_Hlk1133051"></a><a href="https://www.blogger.com/u/1/null" name="_Hlk2950709"><span style="mso-bookmark: _Hlk1133051;"><span style="color: #767171; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-themecolor: background2; mso-themeshade: 128;">1 – The
Wall Street Journal, June 19, 2020<br />
2 – The Wall Street Journal, June 19, 2020<br />
3 – The Wall Street Journal, June 19, 2020<br />
4 – The Wall Street Journal, June 16, 2020<br />
5 – The Wall Street Journal, June 16, 2020<br />
6 – MarketWatch, June 16, 2020<br />
7 – CNBC, June 17, 2020<br />
8 – The Wall Street Journal, June 18, 2020<o:p></o:p></span></span></a></div>
<span style="mso-bookmark: _Hlk2950709;"></span>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="mso-bookmark: _Hlk1133051;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">CHART CITATIONS:<o:p></o:p></span></span></div>
<span style="mso-bookmark: _Hlk1133051;"></span>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="color: #767171; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 107%; mso-ascii-theme-font: major-latin; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-themecolor: background2; mso-themeshade: 128;">The Wall Street Journal, June 19, 2020<br />
The Wall Street Journal, June 19, 2020<br />
Treasury.gov, June 19, 2020</span><span style="color: #767171; mso-themecolor: background2; mso-themeshade: 128;"><o:p></o:p></span></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2406513828224710444.post-11124349956644226512020-06-16T16:44:00.001-05:002020-06-16T16:44:42.968-05:00Economic Update for the week of June 16th, 2020
<br />
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 14pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin;">In this week’s recap: increase in COVID-19 cases, matched
with downbeat Federal Reserve forecast, weighed on markets.<o:p></o:p></span></i></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 8pt 0in; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 36pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;">Weekly Economic Update</span></b><b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 36pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></b></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 8pt 0in; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shapetype coordsize="21600,21600" filled="f" id="_x0000_t75" o:preferrelative="t" o:spt="75" path="m@4@5l@4@11@9@11@9@5xe" stroked="f">
<v:stroke joinstyle="miter">
<v:formulas>
<v:f eqn="if lineDrawn pixelLineWidth 0">
<v:f eqn="sum @0 1 0">
<v:f eqn="sum 0 0 @1">
<v:f eqn="prod @2 1 2">
<v:f eqn="prod @3 21600 pixelWidth">
<v:f eqn="prod @3 21600 pixelHeight">
<v:f eqn="sum @0 0 1">
<v:f eqn="prod @6 1 2">
<v:f eqn="prod @7 21600 pixelWidth">
<v:f eqn="sum @8 21600 0">
<v:f eqn="prod @7 21600 pixelHeight">
<v:f eqn="sum @10 21600 0">
</v:f>
<v:path gradientshapeok="t" o:connecttype="rect" o:extrusionok="f">
<o:lock aspectratio="t" v:ext="edit">
</o:lock><v:shape id="Picture_x0020_1" o:spid="_x0000_i1036" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></v:path></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:formulas></v:stroke></v:shapetype><span style="color: grey; font-family: "Calibri Light",sans-serif; font-size: 1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 128;"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin;">Presented by Troy L Thompson, CFP<span style="mso-spacerun: yes;"> </span>June 16, 2020<o:p></o:p></span></i></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 8pt 0in; text-align: center;">
<span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;">THE WEEK
ON WALL STREET<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Investor
sentiment turned negative last week, amid an increasing number of COVID-19
cases in states where re-opening has been underway as well as a subdued
economic forecast from the Federal Reserve. <o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">The
Dow Jones Industrial Average dropped 5.55%, while the Standard & Poor’s 500
lost 4.78%. The Nasdaq Composite Index slipped 2.30% for the week. The MSCI
EAFE Index, which tracks developed stock markets overseas, fell 3.10%.<sup>1,2,3</sup>
</span></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 4pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;">Reality
Bites<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">The
optimism that drove stock prices higher these past several weeks slipped away
on reports of a jump in COVID-19 cases, which sparked worries of a second wave
slowing the economic recovery. A sober forecast for the economy by the Federal
Reserve further dampened investor sentiment.<o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">The
week started upbeat with “re-opening” stocks, e.g., financials, transportation,
retailers, travel and leisure, and industrials, leading the way higher. But the
momentum was soon lost as stocks turned mixed on Tuesday and Wednesday and then
moved decidedly downward, with the S&P 500 losing 5.9% on Thursday.<sup>4</sup>
<o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Amid
a volatile week, big technology companies resumed their market leadership, with
the NASDAQ Composite closing above 10,000 for the first time. Stocks pared
their losses on Friday, but it wasn’t enough.<sup>5<o:p></o:p></sup></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 4pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;">Fed
Forecasts Economic Growth and Interest Rates<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">On
Wednesday, the Federal Reserve said that it would keep the federal funds rate
near zero and maintain its monthly purchases of Treasury bonds and
mortgage-backed securities. <o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">The
Fed also issued its forecasts for 2020-2022, indicating that it saw its
benchmark federal funds rate remaining at zero, with inflation at 0.8% for 2020,
increasing to 1.6% in 2021, then to 1.7% in 2022. Fed officials also expect the
economy to shrink by 6.5% this year, with Gross Domestic Product growing 5% and
3.5% in 2021 and 2022, respectively. Their forecast for unemployment predicts a
steady decline over the next 2½ years, from 9.3% by the end of 2020 to 5.5% in
2022.<sup>6</sup> </span></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 3pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_19" o:spid="_x0000_i1035" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">T I P<span style="mso-spacerun: yes;"> </span>O F<span style="mso-spacerun: yes;">
</span>T H E<span style="mso-spacerun: yes;"> </span>W E E K<br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--></span></span><span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_20" o:spid="_x0000_i1034" style="height: 56.25pt; mso-wrap-style: square; visibility: visible; width: 56.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image002.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><br />
</span></span><span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">If
you’re trying to save money or track your spending, consider using cash. Cash
is real. You can see it, and you know when you’re out of it. Money becomes more
abstract when you use a credit or debit card, leaving you more open to
financial choices that you may later regret.<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_21" o:spid="_x0000_i1033" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 3pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">THE WEEK
AHEAD: KEY ECONOMIC DATA<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Tuesday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Retail Sales. Industrial Production.</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Wednesday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Housing Starts.<b style="mso-bidi-font-weight: normal;">
<o:p></o:p></b></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Thursday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Jobless Claims. Index of Leading Economic
Indicators.</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Source:
Econoday, June 12, 2020</span><span style="font-family: "Times New Roman",serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">The Econoday economic calendar lists upcoming U.S. economic data
releases (including key economic indicators), Federal Reserve policy meetings,
and speaking engagements of Federal Reserve officials. The content is developed
from sources believed to be providing accurate information. The forecasts or
forward-looking statements are based on assumptions and may not materialize.
The forecasts also are subject to revision.</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: grey; font-family: "Calibri Light",sans-serif; font-size: 2pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">THE WEEK
AHEAD: COMPANIES REPORTING EARNINGS<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Tuesday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Oracle (ORCL), Lennar (LEN).</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Thursday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Kroger (KR).</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Source:
Zacks, June 12, 2020</span><span style="font-family: "Times New Roman",serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Companies
mentioned are for informational purposes only. It should not be considered a
solicitation for the purchase or sale of the securities. Any investment should
be consistent with your objectives, time frame and risk tolerance. The return
and principal value of investments will fluctuate as market conditions change.
When sold, investments may be worth more or less than their original cost.
Companies may reschedule when they report earnings without notice.</span><span style="font-family: "Times New Roman",serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: grey; font-family: "Calibri Light",sans-serif; font-size: 2pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_26" o:spid="_x0000_i1032" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Q U O T E<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>O F<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>T H E<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>W E E K<o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_27" o:spid="_x0000_i1031" style="height: 50.25pt; mso-wrap-style: square; visibility: visible; width: 68.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image003.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 18pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">“Character is much easier
kept than recovered.”<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">THOMAS PAINE</span></i></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_28" o:spid="_x0000_i1030" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: Calibri;"><span style="border: currentColor; color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-hansi-font-family: Calibri; mso-no-proof: yes;"><v:shape id="Picture_x0020_3" o:spid="_x0000_i1029" style="height: 520.5pt; mso-wrap-style: square; visibility: visible; width: 461.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image004.png">
</v:imagedata></v:shape></span><span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 9pt; letter-spacing: -0.2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Verdana; mso-bidi-font-size: 7.0pt; mso-bidi-font-style: italic; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_23" o:spid="_x0000_i1028" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">T H E<span style="mso-spacerun: yes;"> </span>W E E K L Y<span style="mso-spacerun: yes;">
</span>R I D D L E<o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_24" o:spid="_x0000_i1027" style="height: 75pt; mso-wrap-style: square; visibility: visible; width: 60.75pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image005.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 18pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">The names of two U.S. state
capital cities rhyme, but they share no vowels. Can you name the two cities?<b style="mso-bidi-font-weight: normal;"><o:p></o:p></b></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">LAST WEEK’S
RIDDLE: What is the timepiece with the most moving parts? (It’s been around for
centuries.)<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">ANSWER: The hourglass.<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_29" o:spid="_x0000_i1026" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p></o:p></span></i></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;">Troy L Thompson, CFP <span style="mso-spacerun: yes;"> </span>may be reached at 515-432-5421 or troy@troythompsonfinancialinc.com
<br />
www.thompsonfinancialinc.com<br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--><o:p></o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;">Know
someone who could use information like this? <br />
</span></b><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;">Please
feel free to send us their contact information via phone or email. (Don’t worry
– we’ll request their permission before adding them to our mailing list.)</span><span style="font-family: "Calibri Light",sans-serif; font-size: 3pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_31" o:spid="_x0000_i1025" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 10pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 8.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">Troy Thompson, CFP<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">DBA Thompson Financial and Hanson Asset Strategies<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">Securities offered through FIRST HEARTLAND CAPITAL, INC.
Member FINRA & SIPC.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<o:p><span style="font-family: Calibri;"> </span></o:p></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">Thompson Financial is not affiliated with FIRST HEARTLAND
CAPITAL, INC.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">This material was prepared by MarketingPro, Inc., and does
not necessarily represent the views of the presenting party, nor their
affiliates. The information herein has been derived from sources believed to be
accurate. Please note - investing involves risk, and past performance is no
guarantee of future results. Investments will fluctuate and when redeemed may
be worth more or less than when originally invested. This information should
not be construed as investment, tax or legal advice and may not be relied on
for the purpose of avoiding any Federal tax penalty. This is neither a
solicitation nor recommendation to purchase or sell any investment or insurance
product or service, and should not be relied upon as such. All market indices
discussed are unmanaged and are not illustrative of any particular investment.
Indices do not incur management fees, costs and expenses, and cannot be
invested into directly. All economic and performance data is historical and not
indicative of future results. The Dow Jones Industrial Average is a
price-weighted index of 30 actively traded blue-chip stocks. The NASDAQ
Composite Index is a market-weighted index of all over-the-counter common
stocks traded on the National Association of Securities Dealers Automated
Quotation System. The Standard & Poor's 500 (S&P 500) is a market-cap
weighted index composed of the common stocks of 500 leading companies in
leading industries of the U.S. economy. NYSE Group, Inc. (NYSE:NYX) operates
two securities exchanges: the New York Stock Exchange (the “NYSE”) and NYSE
Arca (formerly known as the Archipelago Exchange, or ArcaEx®, and the Pacific
Exchange). NYSE Group is a leading provider of securities listing, trading and
market data products and services. The New York Mercantile Exchange, Inc.
(NYMEX) is the world's largest physical commodity futures exchange and the
preeminent trading forum for energy and precious metals, with trading conducted
through two divisions – the NYMEX Division, home to the energy, platinum, and
palladium markets, and the COMEX Division, on which all other metals trade.
Additional risks are associated with international investing, such as currency
fluctuations, political and economic instability and differences in accounting
standards. This material represents an assessment of the market environment at
a specific point in time and is not intended to be a forecast of future events,
or a guarantee of future results. MarketingPro, Inc. is not affiliated with any
person or firm that may be providing this information to you. The publisher is
not engaged in rendering legal, accounting or other professional services. If
assistance is needed, the reader is advised to engage the services of a
competent professional. The market indexes discussed are unmanaged and
generally considered representative of their respective markets. Individuals
cannot directly invest in unmanaged indexes. Past performance does not
guarantee future results. The return and principal value of investments will
fluctuate as market conditions change. When sold, investments may be worth more
or less than their original cost.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">CITATIONS:<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<a href="https://www.blogger.com/u/1/null" name="_Hlk1133051"></a><a href="https://www.blogger.com/u/1/null" name="_Hlk2950709"><span style="mso-bookmark: _Hlk1133051;"><span style="color: #767171; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-themecolor: background2; mso-themeshade: 128;">1 – </span></span></a><a href="https://www.blogger.com/u/1/null" name="_Hlk42869802"><span style="mso-bookmark: _Hlk1133051;"><span style="mso-bookmark: _Hlk2950709;"><span style="color: #767171; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-themecolor: background2; mso-themeshade: 128;">The Wall Street Journal, June
12, 2020</span></span></span></a><span style="mso-bookmark: _Hlk1133051;"><span style="mso-bookmark: _Hlk2950709;"><span style="color: #767171; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-themecolor: background2; mso-themeshade: 128;"><br />
2 – The Wall Street Journal, June 12, 2020<br />
3 – The Wall Street Journal, June 12, 2020<br />
4 – The Wall Street Journal, June 11, 2020<br />
5 – <a href="https://www.blogger.com/u/1/null" name="_Hlk42869790">CNBC, June 12, 2020</a><br />
6 – CNBC, June 10, 2020<o:p></o:p></span></span></span></div>
<span style="mso-bookmark: _Hlk2950709;"></span>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="mso-bookmark: _Hlk1133051;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">CHART CITATIONS:<o:p></o:p></span></span></div>
<span style="mso-bookmark: _Hlk1133051;"></span>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="color: #767171; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 107%; mso-ascii-theme-font: major-latin; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-themecolor: background2; mso-themeshade: 128;">The Wall Street Journal, June 12, 2020<br />
The Wall Street Journal, June 12, 2020<br />
Treasury.gov, June 12, 2020</span><span style="color: #767171; mso-themecolor: background2; mso-themeshade: 128;"><o:p></o:p></span></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2406513828224710444.post-28562574859023323452020-06-10T13:31:00.002-05:002020-06-10T13:31:04.601-05:00Economic Update for the week of June 10th, 2020
<br />
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
<i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 14pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin;">In this week’s recap: U.S. jobs report and a surging market
build optimism for global economic recovery.<o:p></o:p></span></i></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 8pt 0in; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 36pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;">Weekly Economic Update</span></b><b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 36pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></b></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 8pt 0in; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shapetype coordsize="21600,21600" filled="f" id="_x0000_t75" o:preferrelative="t" o:spt="75" path="m@4@5l@4@11@9@11@9@5xe" stroked="f">
<v:stroke joinstyle="miter">
<v:formulas>
<v:f eqn="if lineDrawn pixelLineWidth 0">
<v:f eqn="sum @0 1 0">
<v:f eqn="sum 0 0 @1">
<v:f eqn="prod @2 1 2">
<v:f eqn="prod @3 21600 pixelWidth">
<v:f eqn="prod @3 21600 pixelHeight">
<v:f eqn="sum @0 0 1">
<v:f eqn="prod @6 1 2">
<v:f eqn="prod @7 21600 pixelWidth">
<v:f eqn="sum @8 21600 0">
<v:f eqn="prod @7 21600 pixelHeight">
<v:f eqn="sum @10 21600 0">
</v:f>
<v:path gradientshapeok="t" o:connecttype="rect" o:extrusionok="f">
<o:lock aspectratio="t" v:ext="edit">
</o:lock><v:shape id="Picture_x0020_1" o:spid="_x0000_i1036" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></v:path></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:formulas></v:stroke></v:shapetype><span style="color: grey; font-family: "Calibri Light",sans-serif; font-size: 1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 128;"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin;">Presented by Troy L Thompson, CFP<span style="mso-spacerun: yes;"> </span>June 10, 2020<o:p></o:p></span></i></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 8pt 0in; text-align: center;">
<span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;">THE WEEK
ON WALL STREET<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 0pt;">
<span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; mso-ascii-theme-font: major-latin; mso-bidi-theme-font: major-latin; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin;">A
positive jobs report sent stocks soaring last Friday, capping a solid week as
evidence of a global economic recovery outweighed concerns over civil unrest
and tensions with China.</span><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; mso-ascii-theme-font: major-latin; mso-bidi-theme-font: major-latin; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-theme-font: major-latin; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin;"><br />
<span style="color: black;">The Dow Jones Industrial Average jumped 6.81%, while
the Standard & Poor’s 500 advanced 4.91%. The tech-heavy Nasdaq Composite Index
lagged, climbing 3.42%. The MSCI EAFE Index, which tracks developed stock
markets overseas, gained 5.52%.<sup>1,2,3<o:p></o:p></sup></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 4pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;"><o:p> </o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;">Stocks
March Higher<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Despite
multiple headwinds, stocks rode a wave of optimism over economic recovery and
were encouraged by signs that a feared spike in COVID-19 had not occurred.<o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Firming
oil prices and positive global manufacturing data helped boost stocks during
the week. The market continued to be led by industry sectors that were most
battered in the March decline, as price advances slowed in growth-oriented
stocks, primarily technology names.<o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">After
a pause on Thursday, stocks surged on Friday when a jobs report surprisingly showed
2.5 million new jobs in May, with the unemployment rate falling to 13.3%. Wall
Street expected a jobs decline of over 8 million and an unemployment rate of
19.5%.<sup>4,5<o:p></o:p></sup></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 4pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;">A Wall
of Worry<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">While
the markets continued to move higher last week, many investors are concerned
that the recovery may be hindered by simmering tensions with China and the
civil unrest that erupted last week.<o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">China
has been a longstanding source of market worry, but the civil unrest introduces
a new challenge. For now, the market appears to have shrugged off these
concerns.<o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; text-transform: uppercase;">FINAL THought<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">This
past Wednesday marked the best 50-day gain for the S&P 500 in the index’s
history. During a period that approximates the lifespan of a mosquito, stock
market sentiment has swung from near-absolute despair in late March to
positively bullish.<sup>6<o:p></o:p></sup></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Often,
the most impactful lessons in life tend to be those most recently learned. If
the last three months have offered investors any lesson, it may be that trying
to time the market is a challenging proposition.</span></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 3pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_19" o:spid="_x0000_i1035" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">T I P<span style="mso-spacerun: yes;"> </span>O F<span style="mso-spacerun: yes;">
</span>T H E<span style="mso-spacerun: yes;"> </span>W E E K<br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--></span></span><span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_20" o:spid="_x0000_i1034" style="height: 56.25pt; mso-wrap-style: square; visibility: visible; width: 56.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image002.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><br />
</span></span><span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 14pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Exercise
is not only wise, but it may also prove economical. In the long run, just
keeping fit may save you thousands of dollars (or more) in medical bills, which
an unhealthy person might incur.<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_21" o:spid="_x0000_i1033" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 3pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">THE WEEK
AHEAD: KEY ECONOMIC DATA<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Wednesday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Consumer Price Index (CPI). Federal Open Market
Committee (FOMC) Meeting Announcement. Federal Reserve Chair Press Conference.<b style="mso-bidi-font-weight: normal;"> <o:p></o:p></b></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Thursday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Jobless Claims.</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Source:
Econoday, June 5, 2020</span><span style="font-family: "Times New Roman",serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">The Econoday economic calendar lists upcoming U.S. economic data
releases (including key economic indicators), Federal Reserve policy meetings,
and speaking engagements of Federal Reserve officials. The content is developed
from sources believed to be providing accurate information. The forecasts or
forward-looking statements are based on assumptions and may not materialize.
The forecasts also are subject to revision.</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: grey; font-family: "Calibri Light",sans-serif; font-size: 2pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 14pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">THE WEEK
AHEAD: COMPANIES REPORTING EARNINGS<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Monday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Coupa Software (COUP).<b style="mso-bidi-font-weight: normal;"> <o:p></o:p></b></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Tuesday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Chewy (CHWY).</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Thursday: </span></b><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: text1;">Lululemon (LULU).</span><span style="color: black; font-family: "Calibri Light",sans-serif; font-size: 12pt; letter-spacing: -0.1pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-latin; mso-themecolor: text1;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Source:
Source: Zacks, June 5, 2020</span><span style="font-family: "Times New Roman",serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 8pt;">
<span style="font-family: Calibri;"><span style="color: black; font-size: 9pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Companies
mentioned are for informational purposes only. It should not be considered a
solicitation for the purchase or sale of the securities. Any investment should
be consistent with your objectives, time frame and risk tolerance. The return
and principal value of investments will fluctuate as market conditions change.
When sold, investments may be worth more or less than their original cost.
Companies may reschedule when they report earnings without notice.</span><span style="font-family: "Times New Roman",serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: grey; font-family: "Calibri Light",sans-serif; font-size: 2pt; letter-spacing: -0.1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_26" o:spid="_x0000_i1032" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">Q U O T E<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>O F<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>T H E<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>W E E K<o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_27" o:spid="_x0000_i1031" style="height: 50.25pt; mso-wrap-style: square; visibility: visible; width: 68.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image003.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 18pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">“Life is 10% of what happens
to me and 90% of how I react to it.”<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">JOHN MAXWELL</span></i></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_28" o:spid="_x0000_i1030" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="border: currentColor; color: black; font-size: 10pt; line-height: 115%; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-hansi-font-family: Calibri; mso-no-proof: yes;"><v:shape id="Picture_x0020_3" o:spid="_x0000_i1029" style="height: 528.75pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75"><span style="font-family: Calibri;">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image004.png">
</v:imagedata></span></v:shape></span><span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 9pt; letter-spacing: -0.2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Verdana; mso-bidi-font-size: 7.0pt; mso-bidi-font-style: italic; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><span style="mso-spacerun: yes;"> </span></span><span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 9pt; letter-spacing: -0.2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Verdana; mso-bidi-font-size: 7.0pt; mso-bidi-font-style: italic; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_23" o:spid="_x0000_i1028" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">T H E<span style="mso-spacerun: yes;"> </span>W E E K L Y<span style="mso-spacerun: yes;">
</span>R I D D L E<o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><span style="font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_24" o:spid="_x0000_i1027" style="height: 75pt; mso-wrap-style: square; visibility: visible; width: 60.75pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image005.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 18pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">What is the timepiece with
the most moving parts? (It’s been around for centuries.)<b style="mso-bidi-font-weight: normal;"><o:p></o:p></b></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">LAST WEEK’S
RIDDLE: Can you name two English words (longer than two letters) that both
begin and end with the letters “he” (in that order)?<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin;">ANSWER: Headache
and Heartache.<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_29" o:spid="_x0000_i1026" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p></o:p></span></i></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 2pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;">Troy L Thompson, CFP may be
reached at 515-432-5421 or www.thompsonfinancialinc.com<br />
www.thompsonfinancialinc.com<br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--><o:p></o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;">Know
someone who could use information like this? <br />
</span></b><span style="font-family: "Calibri Light",sans-serif; font-size: 12pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;">Please
feel free to send us their contact information via phone or email. (Don’t worry
– we’ll request their permission before adding them to our mailing list.)</span><span style="font-family: "Calibri Light",sans-serif; font-size: 3pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 16.0pt; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: center;">
<span style="font-family: "Calibri Light",sans-serif; font-size: 5pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_31" o:spid="_x0000_i1025" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 10pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #a6a6a6; font-family: "Calibri Light",sans-serif; font-size: 1pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 8.0pt; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">Troy Thompson, CFP<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">DBA Thompson Financial and Hanson Asset Strategies<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">Securities offered through FIRST HEARTLAND CAPITAL, INC.
Member FINRA & SIPC.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<o:p><span style="font-family: Calibri;"> </span></o:p></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri;">Thompson Financial is not affiliated with FIRST HEARTLAND
CAPITAL, INC.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt; text-align: justify;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">This material was prepared by MarketingPro, Inc., and does
not necessarily represent the views of the presenting party, nor their
affiliates. The information herein has been derived from sources believed to be
accurate. Please note - investing involves risk, and past performance is no
guarantee of future results. Investments will fluctuate and when redeemed may
be worth more or less than when originally invested. This information should
not be construed as investment, tax or legal advice and may not be relied on
for the purpose of avoiding any Federal tax penalty. This is neither a
solicitation nor recommendation to purchase or sell any investment or insurance
product or service, and should not be relied upon as such. All market indices
discussed are unmanaged and are not illustrative of any particular investment.
Indices do not incur management fees, costs and expenses, and cannot be
invested into directly. All economic and performance data is historical and not
indicative of future results. The Dow Jones Industrial Average is a
price-weighted index of 30 actively traded blue-chip stocks. The NASDAQ
Composite Index is a market-weighted index of all over-the-counter common
stocks traded on the National Association of Securities Dealers Automated
Quotation System. The Standard & Poor's 500 (S&P 500) is a market-cap
weighted index composed of the common stocks of 500 leading companies in
leading industries of the U.S. economy. NYSE Group, Inc. (NYSE:NYX) operates
two securities exchanges: the New York Stock Exchange (the “NYSE”) and NYSE
Arca (formerly known as the Archipelago Exchange, or ArcaEx®, and the Pacific
Exchange). NYSE Group is a leading provider of securities listing, trading and
market data products and services. The New York Mercantile Exchange, Inc.
(NYMEX) is the world's largest physical commodity futures exchange and the
preeminent trading forum for energy and precious metals, with trading conducted
through two divisions – the NYMEX Division, home to the energy, platinum, and
palladium markets, and the COMEX Division, on which all other metals trade.
Additional risks are associated with international investing, such as currency
fluctuations, political and economic instability and differences in accounting
standards. This material represents an assessment of the market environment at
a specific point in time and is not intended to be a forecast of future events,
or a guarantee of future results. MarketingPro, Inc. is not affiliated with any
person or firm that may be providing this information to you. The publisher is
not engaged in rendering legal, accounting or other professional services. If
assistance is needed, the reader is advised to engage the services of a
competent professional. The market indexes discussed are unmanaged and
generally considered representative of their respective markets. Individuals
cannot directly invest in unmanaged indexes. Past performance does not
guarantee future results. The return and principal value of investments will
fluctuate as market conditions change. When sold, investments may be worth more
or less than their original cost.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">CITATIONS:<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<a href="https://www.blogger.com/u/1/null" name="_Hlk1133051"></a><a href="https://www.blogger.com/u/1/null" name="_Hlk2950709"><span style="mso-bookmark: _Hlk1133051;"><span style="color: #767171; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-themecolor: background2; mso-themeshade: 128;">1 – The
Wall Street Journal, June 5, 2020<br />
2 – The Wall Street Journal, June 5, 2020<br />
3 – The Wall Street Journal, June 5, 2020<br />
4 – CNBC, June 5, 2020<br />
5 – CNBC, June 5, 2020<br />
6 – The Wall Street Journal, June 4, 2020<o:p></o:p></span></span></a></div>
<span style="mso-bookmark: _Hlk2950709;"></span>
<br />
<div class="MsoNormal" style="line-height: 115%; margin: 0in 0in 8pt;">
<span style="mso-bookmark: _Hlk1133051;"><span style="color: #646464; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 115%; mso-ascii-theme-font: major-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: major-latin;">CHART CITATIONS:<o:p></o:p></span></span></div>
<span style="mso-bookmark: _Hlk1133051;"></span>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="color: #767171; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 107%; mso-ascii-theme-font: major-latin; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-themecolor: background2; mso-themeshade: 128;">The Wall Street Journal, June 5, 2020<br />
The Wall Street Journal, June 5, 2020</span><span style="color: #767171; mso-themecolor: background2; mso-themeshade: 128;"><br /><span style="font-family: Calibri;">
</span></span><span style="color: #767171; font-family: "Calibri Light",sans-serif; font-size: 8pt; line-height: 107%; mso-ascii-theme-font: major-latin; mso-bidi-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-themecolor: background2; mso-themeshade: 128;">Treasury.gov,
June 5, 2020</span><span style="color: #767171; mso-themecolor: background2; mso-themeshade: 128;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="color: #767171; mso-themecolor: background2; mso-themeshade: 128;"><o:p><span style="font-family: Calibri;"> </span></o:p></span></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2406513828224710444.post-84203850555333577132020-06-04T15:46:00.001-05:002020-06-04T15:46:31.880-05:00Economic Update for the week of June 4th, 2020<br />
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in 10pt; text-align: center;">
<i style="mso-bidi-font-style: normal;"><span style="font-family: "cambria" , serif; font-size: 14pt;">In this week’s recap: solid gains following a short trading
week; economic reopening inspires optimism.<o:p></o:p></span></i></div>
<br />
<div align="center" class="MsoNormal" style="margin: 8pt 0in 10pt; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "cambria" , serif; font-size: 36pt; line-height: 115%;">Weekly Economic Update</span></b><b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "cambria" , serif; font-size: 36pt; line-height: 115%;"><o:p></o:p></span></b></div>
<br />
<div align="center" class="MsoNormal" style="margin: 8pt 0in 10pt; text-align: center;">
<span style="font-family: "cambria" , serif; font-size: 5pt; line-height: 115%;"><v:shapetype coordsize="21600,21600" filled="f" id="_x0000_t75" o:preferrelative="t" o:spt="75" path="m@4@5l@4@11@9@11@9@5xe" stroked="f">
<v:stroke joinstyle="miter">
<v:formulas>
<v:f eqn="if lineDrawn pixelLineWidth 0">
<v:f eqn="sum @0 1 0">
<v:f eqn="sum 0 0 @1">
<v:f eqn="prod @2 1 2">
<v:f eqn="prod @3 21600 pixelWidth">
<v:f eqn="prod @3 21600 pixelHeight">
<v:f eqn="sum @0 0 1">
<v:f eqn="prod @6 1 2">
<v:f eqn="prod @7 21600 pixelWidth">
<v:f eqn="sum @8 21600 0">
<v:f eqn="prod @7 21600 pixelHeight">
<v:f eqn="sum @10 21600 0">
</v:f>
<v:path gradientshapeok="t" o:connecttype="rect" o:extrusionok="f">
<o:lock aspectratio="t" v:ext="edit">
</o:lock><v:shape id="Picture_x0020_2" o:spid="_x0000_i1036" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></v:path></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:formulas></v:stroke></v:shapetype><span style="color: grey; font-family: "cambria" , serif; font-size: 1pt; line-height: 115%;"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "cambria" , serif; font-size: 12pt; line-height: 115%;">Presented by Troy
L Thompson, CFP<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>June 4, 2020<o:p></o:p></span></i></span></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 8pt 0in 10pt; text-align: center;">
<span style="color: black; font-family: "cambria" , serif; font-size: 2pt; line-height: 115%;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "cambria" , serif; font-size: 14pt; line-height: 115%; text-transform: uppercase;">THE WEEK ON WALL STREET<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt; text-align: justify;">
<span class="st"><span style="font-family: "cambria" , serif; font-size: 12pt; line-height: 115%;">The
shortened week, which began with a powerful two-day rally of trading, was
enough to drive the markets into another week of solid gains.<o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt; text-align: justify;">
<span class="st"><span style="font-family: "cambria" , serif; font-size: 12pt; line-height: 115%;">The
Dow Jones Industrial Average rose 3.75%, while the Standard & Poor’s 500
advanced 3.01%. The Nasdaq Composite Index climbed 1.77% for the week. The MSCI
EAFE Index, which tracks developed stock markets overseas, gained 6.18%.<sup>1-3</sup></span></span><span class="st"><span style="font-family: "cambria" , serif; font-size: 4pt; line-height: 115%;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "cambria" , serif; font-size: 14pt; line-height: 115%; text-transform: uppercase;">Rising Optimism<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt; text-align: justify;">
<span class="st"><span style="font-family: "cambria" , serif; font-size: 12pt; line-height: 115%;">Returning
from Memorial Day weekend, stocks surged on rising optimism over economic re-opening,
declines in new infections, and progress in the development of a vaccine.<o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt; text-align: justify;">
<span class="st"><span style="font-family: "cambria" , serif; font-size: 12pt; line-height: 115%;">Stocks
continued their march higher, lifted by signs that the White House and Congress
may be working together to put together another stimulus package. But the
momentum lost steam, in part due to news of China’s vote to override Hong
Kong’s autonomy. Comments by President Trump on the last day of trading eased
concerns.<sup>4,5</sup><span style="mso-spacerun: yes;"> </span><sup><o:p></o:p></sup></span></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt; text-align: justify;">
<span class="st"><span style="font-family: "cambria" , serif; font-size: 4pt; line-height: 115%;"><o:p> </o:p></span></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "cambria" , serif; font-size: 14pt; line-height: 115%; text-transform: uppercase;">Rotation in Leadership<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt; text-align: justify;">
<span class="st"><span style="font-family: "cambria" , serif; font-size: 12pt; line-height: 115%;">The
recovery from the March lows has been powered by large-cap growth stocks,
especially the mega-cap technology names. However, this week saw new sectors
leading the market higher, notably the financials and industrials, while the
technology and health care sectors lagged.<o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt; text-align: justify;">
<span class="st"><span style="font-family: "cambria" , serif; font-size: 12pt; line-height: 115%;">This
leadership rotation is being referred to by some market commentators as the “re-opening
trade.”<span style="mso-spacerun: yes;"> </span>If these sectors are to remain
leaders, it may hinge on a steady economic recovery and escaping a second wave
of COVID-19 infections.<o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt; text-align: justify;">
<span class="st"><span style="font-family: "cambria" , serif; font-size: 2pt; line-height: 115%;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span style="font-family: "cambria" , serif; font-size: 5pt; line-height: 115%;"><v:shape id="Picture_x0020_19" o:spid="_x0000_i1035" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "cambria" , serif; mso-ascii-theme-font: major-latin; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "cambria" , serif; font-size: 2pt; line-height: 115%;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "cambria" , serif; mso-ascii-theme-font: major-latin; mso-hansi-theme-font: major-latin;">T I P<span style="mso-spacerun: yes;"> </span>O
F<span style="mso-spacerun: yes;"> </span>T H E<span style="mso-spacerun: yes;"> </span>W E E K<br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--></span></span><span class="st"><span style="color: #e88e0a; font-family: "cambria" , serif; font-size: 2pt; line-height: 115%;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span style="font-family: "cambria" , serif; mso-ascii-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_20" o:spid="_x0000_i1034" style="height: 56.25pt; mso-wrap-style: square; visibility: visible; width: 56.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image002.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "cambria" , serif; mso-ascii-theme-font: major-latin; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span class="st"><span style="font-family: "cambria" , serif; font-size: 12pt; line-height: 115%;"><br />
</span></span><span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "cambria" , serif; font-size: 14pt; line-height: 115%;">Spammers
love to create emails that mimic ones from your bank or credit card issuer. How
can you be safe? Never use a “click here to log in” link. Always go directly to
the website address for your bank or credit card provider and log in there.<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "cambria" , serif; font-size: 2pt; line-height: 115%;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span style="font-family: "cambria" , serif; font-size: 5pt; line-height: 115%;"><v:shape id="Picture_x0020_21" o:spid="_x0000_i1033" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "cambria" , serif; mso-ascii-theme-font: major-latin; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "cambria" , serif; font-size: 3pt; letter-spacing: -0.1pt; line-height: 115%;"><o:p> </o:p></span></b></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "cambria" , serif; font-size: 14pt; letter-spacing: -0.1pt; line-height: 115%;">THE WEEK AHEAD: KEY ECONOMIC DATA<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 10pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "cambria" , serif; font-size: 12pt; letter-spacing: -0.1pt;">Monday: </span></b><span style="color: black; font-family: "cambria" , serif; font-size: 12pt; letter-spacing: -0.1pt;">Purchasing Managers Manufacturing
Index (PMI). Institute for Supply Management (ISM) Manufacturing Index.<b style="mso-bidi-font-weight: normal;"> <o:p></o:p></b></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 10pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "cambria" , serif; font-size: 12pt; letter-spacing: -0.1pt;">Wednesday: </span></b><span style="color: black; font-family: "cambria" , serif; font-size: 12pt; letter-spacing: -0.1pt;">Automated Data Processing (ADP)
Employment Report. PMI Services Index. ISM Non-Manufacturing Index.<b style="mso-bidi-font-weight: normal;"> <o:p></o:p></b></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 10pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "cambria" , serif; font-size: 12pt; letter-spacing: -0.1pt;">Thursday: </span></b><span style="color: black; font-family: "cambria" , serif; font-size: 12pt; letter-spacing: -0.1pt;">Jobless Claims.</span><span style="color: black; font-family: "cambria" , serif; font-size: 12pt; letter-spacing: -0.1pt;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 10pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "cambria" , serif; font-size: 12pt; letter-spacing: -0.1pt;">Friday: </span></b><span style="color: black; font-family: "cambria" , serif; font-size: 12pt; letter-spacing: -0.1pt;">Employment Situation Report.</span><span style="color: black; font-family: "cambria" , serif; font-size: 12pt; letter-spacing: -0.1pt;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 10pt;">
<span style="font-family: "calibri";"><span style="color: black; font-size: 9pt;">Source:
Econoday, May 29, 2020</span><span style="font-family: "times new roman" , serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 10pt; text-align: justify;">
<span style="font-family: "calibri";"><span style="color: black; font-size: 9pt;">The Econoday economic calendar lists upcoming U.S. economic data
releases (including key economic indicators), Federal Reserve policy meetings,
and speaking engagements of Federal Reserve officials. The content is developed
from sources believed to be providing accurate information. The forecasts or
forward-looking statements are based on assumptions and may not materialize.
The forecasts also are subject to revision.</span><span style="color: black; font-family: "cambria" , serif; font-size: 12pt; letter-spacing: -0.1pt;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt;">
<span style="color: grey; font-family: "cambria" , serif; font-size: 2pt; letter-spacing: -0.1pt; line-height: 115%;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #e88e0a; font-family: "cambria" , serif; font-size: 14pt; letter-spacing: -0.1pt; line-height: 115%;">THE WEEK AHEAD: COMPANIES REPORTING
EARNINGS<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 10pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "cambria" , serif; font-size: 12pt; letter-spacing: -0.1pt;">Tuesday: </span></b><span style="color: black; font-family: "cambria" , serif; font-size: 12pt; letter-spacing: -0.1pt;">Dick’s Sporting Goods (DKS), Tiffany
(TIF), Zoom Video (ZM), Crowdstrike (CRWD).</span><span style="color: black; font-family: "cambria" , serif; font-size: 12pt; letter-spacing: -0.1pt;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 10pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "cambria" , serif; font-size: 12pt; letter-spacing: -0.1pt;">Wednesday: </span></b><span style="color: black; font-family: "cambria" , serif; font-size: 12pt; letter-spacing: -0.1pt;">Cloudera (CLDR), Campbell Soup (CPB).<b style="mso-bidi-font-weight: normal;"> <o:p></o:p></b></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 10pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "cambria" , serif; font-size: 12pt; letter-spacing: -0.1pt;">Thursday: </span></b><span style="color: black; font-family: "cambria" , serif; font-size: 12pt; letter-spacing: -0.1pt;">Broadcom (AVGO), Docusign (DOCU),
Slack Technologies (WORK).</span><span style="color: black; font-family: "cambria" , serif; font-size: 12pt; letter-spacing: -0.1pt;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 10pt;">
<span style="font-family: "calibri";"><span style="color: black; font-size: 9pt;">Source:
Zacks, May 29, 2020</span><span style="font-family: "times new roman" , serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 10pt;">
<span style="font-family: "calibri";"><span style="color: black; font-size: 9pt;">Companies
mentioned are for informational purposes only. It should not be considered a
solicitation for the purchase or sale of the securities. Any investment should
be consistent with your objectives, time frame and risk tolerance. The return
and principal value of investments will fluctuate as market conditions change.
When sold, investments may be worth more or less than their original cost.
Companies may reschedule when they report earnings without notice.</span><span style="font-family: "times new roman" , serif; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt;">
<span style="color: grey; font-family: "cambria" , serif; font-size: 2pt; letter-spacing: -0.1pt; line-height: 115%;"><o:p> </o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span style="font-family: "cambria" , serif; font-size: 5pt; line-height: 115%;"><v:shape id="Picture_x0020_26" o:spid="_x0000_i1032" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "cambria" , serif; mso-ascii-theme-font: major-latin; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "cambria" , serif; font-size: 2pt; line-height: 115%;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "cambria" , serif; mso-ascii-theme-font: major-latin; mso-hansi-theme-font: major-latin;">Q U O T E<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>O F<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>T H E<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>W E E K<o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span class="st"><span style="font-family: "cambria" , serif; font-size: 2pt; line-height: 115%;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span style="font-family: "cambria" , serif; mso-ascii-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_27" o:spid="_x0000_i1031" style="height: 50.25pt; mso-wrap-style: square; visibility: visible; width: 68.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image003.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "cambria" , serif; mso-ascii-theme-font: major-latin; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "cambria" , serif; font-size: 18pt; line-height: 115%;">“Nothing can stop the man with the right
mental attitude from achieving his goal; nothing on earth can help the man with
the wrong mental attitude.”<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "cambria" , serif; mso-ascii-theme-font: major-latin; mso-hansi-theme-font: major-latin;">THOMAS
JEFFERSON</span></i></span><span class="st"><span style="font-family: "cambria" , serif; font-size: 12pt; line-height: 115%;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #e88e0a; font-family: "cambria" , serif; font-size: 2pt; line-height: 115%;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span style="font-family: "cambria" , serif; font-size: 5pt; line-height: 115%;"><v:shape id="Picture_x0020_28" o:spid="_x0000_i1030" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "cambria" , serif; mso-ascii-theme-font: major-latin; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt;">
<span class="st"><span style="font-family: "cambria" , serif; font-size: 2pt; line-height: 115%;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span style="border: currentColor; color: black; font-family: "arial" , sans-serif;"><v:shape id="Picture_x0020_3" o:spid="_x0000_i1029" style="height: 520.5pt; mso-wrap-style: square; visibility: visible; width: 461.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image004.png">
</v:imagedata></v:shape></span><span style="color: #646464; font-family: "cambria" , serif; font-size: 9pt; letter-spacing: -0.2pt; line-height: 115%;"><o:p></o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span style="font-family: "cambria" , serif; font-size: 5pt; line-height: 115%;"><v:shape id="Picture_x0020_23" o:spid="_x0000_i1028" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 468pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "cambria" , serif; mso-ascii-theme-font: major-latin; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "cambria" , serif; font-size: 2pt; line-height: 115%;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span class="st"><span style="color: #e88e0a; font-family: "cambria" , serif; mso-ascii-theme-font: major-latin; mso-hansi-theme-font: major-latin;">T H E<span style="mso-spacerun: yes;"> </span>W E E
K L Y<span style="mso-spacerun: yes;"> </span>R I D D L E<o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span class="st"><span style="font-family: "cambria" , serif; font-size: 2pt; line-height: 115%;"><o:p> </o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span style="font-family: "cambria" , serif; mso-ascii-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-no-proof: yes;"><v:shape id="Picture_x0020_24" o:spid="_x0000_i1027" style="height: 75pt; mso-wrap-style: square; visibility: visible; width: 60.75pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image005.jpg">
</v:imagedata></v:shape></span><span class="st"><span style="font-family: "cambria" , serif; mso-ascii-theme-font: major-latin; mso-hansi-theme-font: major-latin;"><o:p></o:p></span></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "cambria" , serif; font-size: 18pt; line-height: 115%;">Can you name two English words (longer than
two letters) that both begin and end with the letters “he” (in that order)?<b style="mso-bidi-font-weight: normal;"><o:p></o:p></b></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "cambria" , serif; font-size: 2pt; line-height: 115%;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "cambria" , serif; mso-ascii-theme-font: major-latin; mso-hansi-theme-font: major-latin;">LAST
WEEK’S RIDDLE: What animal could become extinct worldwide, yet reappear about a
year later?<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #646464; font-family: "cambria" , serif; mso-ascii-theme-font: major-latin; mso-hansi-theme-font: major-latin;">ANSWER:
A mule, the offspring of a male donkey and a female horse.<o:p></o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "cambria" , serif; font-size: 2pt; line-height: 115%;"><o:p> </o:p></span></i></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span style="font-family: "cambria" , serif; font-size: 5pt; line-height: 115%;"><v:shape id="Picture_x0020_29" o:spid="_x0000_i1026" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span class="st"><i style="mso-bidi-font-style: normal;"><span style="color: #a6a6a6; font-family: "cambria" , serif; mso-ascii-theme-font: major-latin; mso-hansi-theme-font: major-latin; mso-themecolor: background1; mso-themeshade: 166;"><o:p></o:p></span></i></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt;">
<span style="color: #a6a6a6; font-family: "cambria" , serif; font-size: 2pt; line-height: 115%;"><o:p> </o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span style="font-family: "cambria" , serif; font-size: 12pt; line-height: 115%;">Troy L Thompson, CFP may be reached at 515-432-5421
or troy@thompsonfinancialinc.com <br />
www.thompsonfinancialinc.com<br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--><o:p></o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "cambria" , serif; font-size: 12pt; line-height: 115%;">Know someone who could use
information like this? <br />
</span></b><span style="font-family: "cambria" , serif; font-size: 12pt; line-height: 115%;">Please feel free to send us
their contact information via phone or email. (Don’t worry – we’ll request
their permission before adding them to our mailing list.)</span><span style="font-family: "cambria" , serif; font-size: 3pt; line-height: 115%;"><o:p></o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;">
<span style="font-family: "cambria" , serif; font-size: 5pt; line-height: 115%;"><v:shape id="Picture_x0020_31" o:spid="_x0000_i1025" style="height: 2.25pt; mso-wrap-style: square; visibility: visible; width: 460.5pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/LISALA~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span style="color: #a6a6a6; font-family: "cambria" , serif; font-size: 10pt; line-height: 115%;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt;">
<span style="font-family: "calibri";">Troy Thompson, CFP<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt;">
<span style="font-family: "calibri";">DBA Thompson Financial and Hanson Asset Strategies<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt;">
<span style="font-family: "calibri";">Securities offered through FIRST HEARTLAND CAPITAL, INC.
Member FINRA & SIPC.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt;">
<o:p><span style="font-family: "calibri";"> </span></o:p></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt;">
<span style="font-family: "calibri";">Thompson Financial is not affiliated with FIRST HEARTLAND
CAPITAL, INC.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt; text-align: justify;">
<span style="color: #646464; font-family: "cambria" , serif; font-size: 8pt; line-height: 115%;">This
material was prepared by MarketingPro, Inc., and does not necessarily represent
the views of the presenting party, nor their affiliates. The information herein
has been derived from sources believed to be accurate. Please note - investing
involves risk, and past performance is no guarantee of future results.
Investments will fluctuate and when redeemed may be worth more or less than
when originally invested. This information should not be construed as
investment, tax or legal advice and may not be relied on for the purpose of
avoiding any Federal tax penalty. This is neither a solicitation nor
recommendation to purchase or sell any investment or insurance product or
service, and should not be relied upon as such. All market indices discussed
are unmanaged and are not illustrative of any particular investment. Indices do
not incur management fees, costs and expenses, and cannot be invested into
directly. All economic and performance data is historical and not indicative of
future results. The Dow Jones Industrial Average is a price-weighted index of
30 actively traded blue-chip stocks. The NASDAQ Composite Index is a
market-weighted index of all over-the-counter common stocks traded on the
National Association of Securities Dealers Automated Quotation System. The
Standard & Poor's 500 (S&P 500) is a market-cap weighted index composed
of the common stocks of 500 leading companies in leading industries of the U.S.
economy. NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the New
York Stock Exchange (the “NYSE”) and NYSE Arca (formerly known as the
Archipelago Exchange, or ArcaEx®, and the Pacific Exchange). NYSE Group is a
leading provider of securities listing, trading and market data products and
services. The New York Mercantile Exchange, Inc. (NYMEX) is the world's largest
physical commodity futures exchange and the preeminent trading forum for energy
and precious metals, with trading conducted through two divisions – the NYMEX
Division, home to the energy, platinum, and palladium markets, and the COMEX
Division, on which all other metals trade. Additional risks are associated with
international investing, such as currency fluctuations, political and economic
instability and differences in accounting standards. This material represents
an assessment of the market environment at a specific point in time and is not
intended to be a forecast of future events, or a guarantee of future results.
MarketingPro, Inc. is not affiliated with any person or firm that may be
providing this information to you. The publisher is not engaged in rendering
legal, accounting or other professional services. If assistance is needed, the
reader is advised to engage the services of a competent professional. The
market indexes discussed are unmanaged and generally considered representative
of their respective markets. Individuals cannot directly invest in unmanaged
indexes. Past performance does not guarantee future results. The return and
principal value of investments will fluctuate as market conditions change. When
sold, investments may be worth more or less than their original cost.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt;">
<span style="color: #646464; font-family: "cambria" , serif; font-size: 8pt; line-height: 115%;">CITATIONS:<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt;">
<a href="https://www.blogger.com/u/1/null" name="_Hlk1133051"></a><a href="https://www.blogger.com/u/1/null" name="_Hlk2950709"><span style="mso-bookmark: _Hlk1133051;"><span style="color: #948a54; font-family: "cambria" , serif; font-size: 8pt; line-height: 115%;">1 – The Wall
Street Journal, May 29, 2020<br />
2 – The Wall Street Journal, May 29, 2020<br />
3 – The Wall Street Journal, May 29, 2020<br />
4 – CNBC.com, May 28, 2020<br />
5 – FoxBusiness.com, May 29, 2020<o:p></o:p></span></span></a></div>
<span style="mso-bookmark: _Hlk2950709;"></span>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt;">
<span style="mso-bookmark: _Hlk1133051;"><span style="color: #646464; font-family: "cambria" , serif; font-size: 8pt; line-height: 115%;">CHART CITATIONS:<o:p></o:p></span></span></div>
<span style="mso-bookmark: _Hlk1133051;"></span>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt;">
<span style="color: #948a54; font-family: "cambria" , serif; font-size: 8pt; line-height: 115%;">The Wall Street Journal, May 29,
2020<br />
The Wall Street Journal, May 29, 2020<br />
Treasury.gov, May 29, 2020<br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--></span><span style="color: #948a54; mso-themecolor: background2; mso-themeshade: 128;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0in 0in 10pt;">
<o:p><span style="font-family: "calibri";"> </span></o:p></div>
<br />
<div align="center" class="MsoNormal" style="line-height: normal; margin: 8pt 0in; text-align: center;">
</div>
Unknownnoreply@blogger.com0