Weekly Market Impact

A Weekly Market Impact call, Phil Blancato provides insights and perspective on recent developments, as well as guidance going forward. Index performance does not reflect the deduction of any fees and expenses, and if deducted, performance would be reduced. Indexes are unmanaged and investors are not able to invest directly into any index. Past performance cannot guarantee future results. Performance data is sourced from Bloomberg, JP Morgan, Goldman Sachs, Wells Fargo, Charlie Bilello, Visual Capitalist, and First Trust. Past performance is not indicative of future results. Investing involves risk, including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss. In general, the bond market is volatile; bonds are subject to credit risk and interest rate risk (bond prices rise when interest rates fall and vice versa). This effect is usually pronounced for long-term securities. Any fixed-income security sold or redeemed prior to maturity may be subject to a substantial gain or loss. Vehicles that invest in lower-rated debt securities (commonly referred to as junk bonds or high-yield bonds) involve additional risks because of the lower quality credit of the issuers. Stocks may be subject to even greater volatility and liquidity risk. A portfolio of international investments involves special risks not present with U.S. investments due to factors such as increased volatility, currency fluctuation, and differences in auditing and other financial standards. These risks can be accentuated in emerging markets. Despite strong historical performance, securities carry risk and may not continue to perform similarly in the future. The statements provided herein are based solely on the opinions of the Ladenburg Thalmann Asset Management (Ladenburg) Research Team and are being provided for general information purposes only. Neither the information nor any opinion expressed constitutes an offer or a solicitation to buy or sell any securities or other financial instruments. Any opinions provided herein are not intended to provide legal or tax advice or investment decisions. Any political views expressed are personal opinions and are not intended as investment advice. Certain information may be based on information received from sources the Ladenburg Research Team considers reliable; however, accuracy and completeness of such information cannot be guaranteed. Certain statements contained herein may constitute "projections," "forecasts" and other "forward-looking statements" which do not reflect actual results and are based primarily upon applying retroactively a hypothetical set of assumptions to certain historical financial information. Any opinions, projections, forecasts and forward-looking statements reflect the judgment of the Ladenburg Research Team only as of the date of this document and are subject to change without notice. Ladenburg has no obligation to provide updates or changes to these opinions,...