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Weekly Market Summary – 7/10/12

The 10-year Treasury yield stood at 1.51 percent early Monday morning, down from the previous week when it was as high as 1.66 percent. Investors turned to these safer assets on news of weaker-than-expected job numbers, continued concerns out of Spain, and an apparent third round of quantitative easing (QE3) that may come sooner than anticipated. Read more now.

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Weekly Market Summary – 7/2/12

After four days of back-and-forth trading to start the week, equities decidedly moved to rally mode after the eurozone agreement. The S&P 500 Index gained 2.08 percent for the week. Strength in the financials sector helped boost value over growth, and small-cap stocks outperformed large-cap peers. Read more now in our Weekly Market Summary.

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Weekly Market Summary – 6/18/12

The yield on the 10-year Treasury was down to 1.52 percent early Monday morning on speculation that Spain will need a global
bailout, along with continued uncertainty in the aftermath of the Greek elections. The 10-year had retreated to 1.66 percent after
reaching an historical low of 1.43 percent on June 1.

Meanwhile, after a very measured pullback that started several weeks ago, domestic equities shrugged off the European news and marched higher last week. The S&P 500 Index was up 1.34 percent. Read more now.

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Chris Richmond Advising The Landing School on Marine Systems

Chris Richmond

Chris Richmond

Christopher Richmond of Camden, a member of the Marine System Program Advisory Committee at The Landing School, recently attended the school’s annual meeting.

Richmond, a former schooner captain, is a commercial insurance producer at Allen Insurance and Financial, specializing in the marine industry.

The Landing School, based in Arundel educates men and women for careers in the marine industry as practical designers, builders and systems technicians who work professionally on today’s vessels, adapt to the industry’s evolving technology and appreciate the traditions of the past.

Chris Richmond can be reached at email hidden; JavaScript is required

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Meet Christian Pieri, Our Summer Intern

Christian Pieri of Camden, a senior at the University of Maine in Orono, is the summer intern at Allen Insurance and Financial.
Christian PieriChristian, 22, is a 2008 graduate of Camden Hills Regional High School where he played basketball, baseball and lacrosse.
Christian applied to the Allen Insurance and Financial internship program after attending a job fair in Orono, where he met a representative from Presque Isle-based MMG Insurance, one of Allen’s business partners and decided he wanted to learn more about the role of insurance in finance, his area of study at UMO.
This summer, Christian will spend time learning all aspects of Allen Insurance and Financial’s business, including personal, business and health insurance and financial and retirement planning.
“I believe the best way to learn is through experience, and I’m hoping my time here will be educational and rewarding,” said Christian. “I find insurance intriguing. I’m looking forward to learning how the professionalism and communication skills of employees at Allen Insurance and Financial affect the business they do every day.”
Christian’s father is finance director at the Penobscot Bay YMCA in Rockport. His mother Lauren is a physician assistant. His younger brother Keegan just completed his freshman year at Bowdoin College in Brunswick. His sister Moira is a sophomore at Camden Hills.
Christian plans to graduate from UMO in December and work for a few years before pursuing a master’s degree in business administration.
 

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