A Short Note on the ETF XLF

To all clients of PWA Wealth Management who currently own the index ETF XLF (Financial Select Sector SPDR Fund) you may or may not have noticed a drop in share price over the past couple days and we wanted to let you know why this occurred.  In the past, the real estate sector and stocks within that sector were included […]

Brexit

On Thursday, citizens of the United Kingdom (Great Britain, Wales, Scotland and Northern Ireland) voted to leave the European Union. For clarity, the European Union is the politico-economic union composed of 28 countries (including the United Kingdom, Germany, France, and Spain to name a few) which promotes the free movement of people, goods, services and capital across Europe in return […]

A World Awash In Oil

One of the major stories in 2015 and 2016 has been the volatility in crude oil prices.  Oversupply in the market has driven prices down to levels not seen in over a decade.  Just 5 years ago, in April of 2011, West Texas Intermediate (WTI) crude oil prices hit $115/barrel.  Talk of “peak oil” reigned, with analysts calling for the […]

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