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Weekly Market Summary – 4/29/13

Treasury yields dropped to the lowest levels in more than four months early Monday morning, as the 10-year fell as low as 1.6599 percent. With continued Federal Reserve (Fed) support taking much of the supply and other central banks and funds fighting for the remains, we expect yields to continue moving downward.

The equity markets reversed course last week and returned to their winning ways. The S&P 500 gained 1.76 percent, and the technology heavy Nasdaq gained 2.29 percent. Small-caps fared somewhat better than large-caps, and the Russell 2000 Index gained just a bit more than 2.5 percent. But it was the MSCI EAFE Index and the stocks in the developed world that posted the largest gain of 3.66 percent on the week.  Read more now.

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Weekly Market Summary – 4/17/13

Treasury yields were higher last week after having fallen to their lowest levels since the fourth quarter of 2012. The 10-year yield ended the week at 1.72 percent, up from the prior week’s 1.68-percent finish, and stood at 1.71 percent Monday morning.
Read more now.

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Social Security at 62? Or Wait? Our Free Workshop Will Tell You More

Brian BeaulieuThe decision about when to start taking Social Security is one of the most important financial security decisions someone can make. It’s no longer as simple as turning 62 and filing for the funds.

Brian Beaulieu, a chartered financial consultant at Allen Insurance and Financial, is offering workshops this spring to explain the steps to take to help reap the rewards of Social Security by pinpointing the best time for an individual and his or her spouse to start their benefits.

These workshops, all scheduled for noon to 1 p.m., are free and open to the public. There is no obligation to buy or sign up for anything.

Participants can bring a brown bag lunch; water will be provided.

Here is the schedule:

  • Southwest Harbor: Wednesday, April 24, Harbor House.
  • Rockland: Tuesday, April 30. Maine Lighthouse Museum,
    Park Drive.
  • Camden: Thursday, May 2.  Camden Public Library.
  • Belfast: Wednesday, May 8. Waldo CountyYMCA.

Allen Insurance and Financial is an employee-owned insurance, employee benefits, and financial services company based in Camden. Call 800-439-4311.

Securities and Advisory Services offered through Commonwealth Financial Network®, www.FINRA.org/www.SIPC.org, a Registered Investment Adviser. Fixed insurance products and services offered by Allen Insurance and Financial and L.S. Robinson Co. are separate and unrelated to Commonwealth.  31 Chestnut St., CamdenME04843. This communication is strictly intended for individuals residing in the states of AZ, CO, CT, DE, FL, HI, IN, LA, MA, MD, ME, MO, NH, NJ, NM, NY, PA, SC, TN, TX, UT, VA, VT, WA.  No offers may be made or accepted from any resident outside these states due to various state regulations and registration requirements regarding investment products and services.

 

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Weekly Market Summary – 4/1/13

Both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs last week, gaining 0.83 percent and 0.46 percent, respectively, in the process.

U.S. Treasury rates were lower heading into the holiday weekend. The yield on the 10-year Treasury stood at 1.83 percent early Thursday morning; it was up slightly to 1.87 percent as of Monday, April 1.

Read the Allen Insurance and Financial Weekly Market Summary for April 1, 2013.  

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Weekly Market Summary – 3/25/13

Early Monday morning, Treasury yields were approximately the same as they were one week ago. The 10-year yield stood at 1.95
percent on Monday, after testing the lower part of its trading range, 1.89 percent, late last week.

Equity markets reacted negatively last week to the news that Cyprus needed a bailout from the European Union. The S&P 500 was
down as much as 1.5 percent in the first two days of trading before recouping some losses later in the week.

Read more now in our Weekly Market Summary.

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Weekly Market Summary – 2/28/13

The yield on the 10-year Treasury started this week where it ended the last, at 1.97 percent. Treasury investors don’t seem to have been troubled by commentary from the most recent Federal Open Market Committee (FOMC) meeting, in which some members expressed concerns about continued asset purchasing. Read more now.