News and Insights

Dick Larkin's Palm Beach Post Weekly Column: Muni Credit Wrap-up for 2016

12/26/2016 | My apology to Charles Dickens by saying “It was the best of times, it was the worst of times”.

Roland Stoever: Market Week: December 19, 2016

12/19/2016 | The fallout from the increase in the federal funds rate saw bond yields rise, with the yield on 10-year Treasuries hitting a 2-year high. Bond prices tend to fall (and yields rise) when interest rates increase.

Dick Larkin's Palm Beach Post Weekly Column: GOVERNMENT PENSION FUNDS

12/19/2016 | Detroit’s and Puerto Rico’s financial melt-downs highlighted attention to benefits which will continue to be paid long after this fiscal year. Governments could pay pension benefits for 10-15 years or more even with unfunded liabilities as high as 50%. This is the case, even if government contributions are not made.

Roland Stoever : Market Week: December 12, 2016

12/12/16 | Following a week of tepid movement in the major stock market indexes, equities picked up the pace last week, reaching new record highs.

Dick Larkin's Palm Beach Post Weekly Column: School District Debt: a Safe Bet

12/12/2016 | In most of the country, primary and secondary education is provided by independently elected boards that have their own taxing power, separate from the cities they serve. In those situations, fiscal distress or bankruptcy of a city does not affect payments on school district debt.

Dick Larkin's Palm Beach Post Weekly Column: ELECTRIC UTILITY BONDS

12/05/2016 | In municipals, there are three types of bonds paid from electric utility operations. The safest are city/state operated retail systems, which are basically legal monopolies selling an essential service. Some of these systems can see ratings as high as “AAA”.

Roland Stoever: Market Week: December 5, 2016

12/05/2016 | Robust gains that marked the last few weeks turned to modest declines last week.

Roland Stoever : Market Month: November 2016

12/01/2016 | The economy picked up the pace in November, as did the stock market. After getting off to a sluggish start during the early part of the month, equities soared following the results of the presidential election.

Roland Stoever: Market Week: November 28, 2016

11/28/2016 | Based on the performance of stock market indexes, it was another banner week for equities amidst slow trading volume.

Dick Larkin's Palm Beach Post Weekly Column: Tax-Free Industrial Revenue Bonds

11/28/2016 | These bonds (IRBs for short) as a class, probably have the highest credit risk that you may not be repaid on time or in full. That said, the interest rate yields are the highest in the industry.

Stoever Glass Wealth Management Client (Schwab Alliance)

Schwab is a registered broker-dealer, and is not affiliated with Stoever Glass Wealth Management or any advisor(s) whose name(s) appear(s) on this website. Stoever Glass Wealth Management is/are independently owned and operated. Schwab neither endorses nor recommends [{Stoever Glass Wealth Management}, unless you have been referred to us through the Schwab Advisor Network®. (This bracketed language is for use by Schwab Advisor Network members only.)] Regardless of any referral or recommendation, Schwab does not endorse or recommend the investment strategy of any advisor. Schwab has agreements with Stoever Glass Wealth Management under which Schwab provides Stoever Glass Wealth Management with services related to your account. Schwab does not review the Stoever Glass Wealth Management website(s), and makes no representation regarding information contained in the Stoever Glass Wealth Management website, which should not be considered to be either a recommendation by Schwab or a solicitation of any offer to purchase or sell any securities.