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Weekly Market Review

Weekly Market Review

Good afternoon,

We couldn’t come up with any big picture, overarching, super important, need to address, pay attention topics this week (some weeks are like that) so we thought we’d just comment on a few headlines we’ve seen lately.

“Americans continue their march to low tax states.”

Well duh. Are you paying attention CA, NY, CT, NJ, et. al? If you tax them, they will leave. AZ, TX, NV and FL are the winners in this game.    

“National Debt tops $22 trillion.”

Well wow, that’s a lot of debt. Before we go blaming anyone in particular for this situation, let’s remember that’s it’s taken a while to get here through both red and blue administrations. If you’d like to know how much the debt has increased by President, check out this article,

So $22 trillion is the bad news. Remember that $1 million is equal to 1000 thousands. $1 billion is equal to 1000 millions. $1 trillion is equal to 1000 billions. So our debt now sits at 22,000 billions. Which is mostly likely insurmountable. The good news is that the interest on that huge debt is only about 2.5% (source,

Which is well within the US’s ability to pay. At least for now. So as long as all $22 trillion of debt isn’t called in at the same time, which it won’t be, we are still very much able to afford the interest payments. Then again, if $22t is called in at one time, all we’d have to do to pay it off is print more money.

Here is more than you ever wanted to know about the national debt,

“Texas oil production hits new record.”

Well yeah. The smart people in that business have been getting more efficient and effective while reducing production costs for years. The US is energy independent right now. We shall never have to buy another barrel of oil from anyone else ever again. In the next 5 years, we’ll be a net exporter of oil and natural gas. OPEC isn’t going away, but their relevance is dwindling rapidly.

“And the #1 cause of stress to Americans is….money,”   

Well certainly. We know that money is not the most important thing in the world, but it’s right up there with oxygen. So it’s natural to worry about it. It’s natural to be stressed about it. The article goes on to say that making a plan and focusing on the plan can help reduce the anxiety. How convenient that the WMR is in a position to help with that. We’re not really in the finance business, we’re in the make people’s lives better however we can business.

“El Chapo Guzman found guilty on all counts,”

Well finally. Guilty of 10 federal criminal counts against him. He is said to have earned in excess of $14 billion from his years in the drug business.

Pitchers and catchers have reported for spring training. Rest of players to follow in a few days.

Well thank goodness. A bright spot on the horizon to this dreary, cold, gray winter. We can’t take much more of this so seeing the players report for camp gives us some hope.

We’ll finish this week with a question,

Q - What did the thesaurus eat for breakfast?

A - Synonym rolls.

LF25 – “There’s no difference between a pessimist who says, ‘Oh, it’s hopeless, so don’t bother doing anything,’ and an optimist who says, ‘Don’t bother doing anything, it’s going to turn out fine anyway.’ Either way, nothing happens.” – Yvon Chouinard (courtesy of Tim Ferriss)

Have a great week.

Michael J. Acho, MBA, CFP®

Private Wealth Advisor


Lincoln Financial Advisors/Sagemark Consulting

1000 Town Center, 26th Floor

Southfield, MI 48075

248-948-5100 direct

248-948-5101 fax

248-933-4339 cell




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