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US futures are slightly higher ahead of the Fed’s rate hike decision

US futures are slightly higher ahead of the Fed’s rate hike decision.  The FOMC two day meeting will conclude at 2pm eastern and the market is expecting the Fed to announce their first rate hike of 2017.  In economic data, CPI rose 0.1 percent in February, retail sales also rose 0.1 percent and the Empire State Manufacturing index came in at 16.4.  Oil is trading slightly higher with crude and brent trading up over 1 percent.  European markets are trading close to flat and markets in Asia closed mixed. 

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United Asset Strategies cited as “one of the most successful advisory shops in the U.S.” by Barron’s in their March 11, 2017 issue.

Lee DeLorenzo called an “expert navigator and a patient but opportunistic investor” by Barron’s Advisor Editor Steve Garmhausen in the Advisor’s Profile page of this week’s issue.

The Garden City-based company develops, implements and monitors sophisticated plans and asset allocation solutions comprised of fixed income and equity strategies, alternative investments and hedges including options trading for our wealth management and corporate clients. Lee and her team of professional advisors run multiple strategies, including total return, momentum, growth and income and dividend investing.  Right now, Lee sees opportunity in materials, energy and health care.  Lee and her team select companies based, in part, on value, momentum and the chance for higher pricing or spending.

For 37 years, Lee has been a steward to her clients and staff and has always remained fiercely independent, acting as a fiduciary in all that she does. In Lee’s words, “At United Asset Strategies, we always put our clients first.  We are committed to exceptional service and prudent, disciplined daily money management.” 

For the complete article please visit:

http://www.barrons.com/articles/a-top-advisors-blend-of-patience-and-opportunism-1489210550

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US futures are mixed this morning as investors remain cautious ahead of the Fed’s two day meeting

US futures are mixed this morning as investors remain cautious ahead of the Fed’s two day meeting.  The Fed’s meeting will begin Tuesday and conclude Wednesday with markets expectation of a rate hike at 93 percent.  Oil is looking to stabilize after falling sharply last week as Brent and crude oil is mostly unchanged this morning hovering around $51 and $48 respectively.  Asian markets closed higher led by the Hang Seng and markets in Europe are trading slightly higher.

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The US added 235,000 jobs compared to estimates of 190,000

US futures are higher this morning following a better than expected jobs report.  The US added 235,000 jobs compared to estimates of 190,000 and the unemployment rate came in at 4.7 percent.   The better than expected jobs report may have cemented a rate hike from the Fed when they meet next week.  Oil markets look to recover as both crude and brent are trading slightly higher.  Asian markets closed mostly higher led by the Nikkei and markets in Europe are trading higher tracking the US futures.

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US futures are slightly lower this morning following the ECB’s decision to keep rates unchanged

US futures are slightly lower this morning following the ECB’s decision to keep rates unchanged.  The ECB also said it would potentially increase its QE program if the euro zone economic outlook worsen.  In economic data, weekly jobless claims came in at 243,000 compared to estimates of 235,000 and import prices rose 0.2 percent.  Asian markets closed mostly lower led by the Shanghai and the Hang Seng following data that showed China’s producer price index rose by 7.8 percent which was higher than expected.  Markets in Europe are trading mostly lower led by the FTSE.

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