Weekly Reading List - Leumi USA

Greetings, 

After a few weeks off, welcome to the latest edition of Leumi’s Weekly Reading List.  I hope that you and your loved ones are healthy and out of harm’s way.   

On the June 26th writing of this piece, the first article I linked to discussed the accelerating number of COVID-19 cases in many parts of the U.S.  Despite that trend continuing, the stock market has steadily risen over the past few weeks.  Michael Zaremsky, Leumi’s Head of U.S. Private Banking, offers his opinion on why there seems to be a disconnect between the headlines we see in the news and the strength of the market in this interview with Zev Brenner.   

As always, I found the articles below to be interesting, helpful, or entertaining.

Mortgage Rates Fall to Another Record Low – This episode of the WSJ Your Money Briefing podcast discusses current mortgage rates, what may be to come, and the state of the housing market.  

JPM Sees A Cash Flood Driving Stocks to RecordsThe Wealth Advisor examines JP Morgan’s view on how cash currently on the sidelines could lead to more support for a rising stock market.  

How Big Tech Makes Their Billions – The Visual Capitalist provides an interesting breakdown and comparison of the revenue streams of five of the largest U.S. tech companies.    

Blank Check Mergers Are Becoming a Lot More CommonMorning Brew explains the increasing popularity of special purpose acquisition companies (SPAC), also known as “blank check companies.”

21 Summer Cocktails to Help You Cool Off – With bars and restaurants still operating at reduced capacities (or closed altogether), Food & Wine provides recipes for 21 summer cocktails one can make at home.  

I hope you enjoy!

Best regards, 

Best regards,
Brian M. Stigliano, CFP® | Vice President  Financial Planning & Insurance Manager 
350 Madison Ave | New York, NY 10017 | Tel: 212.407.4344
Brian.Stigliano@leumiusa.com 

Bank Leumi USA (BLUSA) is a subsidiary of Bank Leumi le-Israel, B.M., an Israeli bank founded in 1902. In the U.S., banking products and services are provided through BLUSA, and brokerage products and services are provided by Leumi Investment Services Inc (LISI). LISI is a member of FINRA (www.finra.org) and SIPC (www.sipc.org), and is a wholly-owned subsidiary of BLUSA. Non-deposit investment products offered through Bank Leumi USA and LISI are:
  • Not insured by the FDIC or any other federal or government entity
  • Not guaranteed by BLUSA, Bank Leumi le-Israel, B.M., or any other bank
  • Subject to investment risks, including possible loss of the principal amount invested
The Weekly Reading List contains links to articles published by third-party sources. Neither BLUSA nor LISI make any guarantee, representation, or warranty as to the accuracy or completeness of statements or information by any third-parties. The Weekly Reading List should not be construed as legal, tax, accounting, securities, or investment advice, an offer to enter into a transaction, an investment allocation strategy, or the solicitation of an offer to enter into a transaction by any Leumi Group Unit. Investing involves risk, including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.

Any forecasts or estimates should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. There is no guarantee that results will be achieved. Past performance is not an indicator of future results. There can be no assurance that estimated returns or projections will be realized or that actual returns or performance results will not materially differ from those estimated.

The articles which are provided for reference in the Weekly Reading List do not necessarily represent the views of the author, Bank Leumi USA (“BLUSA”), Leumi Investment Services Inc. (“LISI”), or other units of the Leumi Group (each, a “Leumi Group Unit” and collectively, “Leumi Group Units”).

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