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MARKET WEEK: MAY 21, 2018

Small and mid caps outperformed large caps during moderate trading last week. Both the Dow and S&P 500 closed the week down around 0.5%, while the Nasdaq fell a bit more. The small caps of the Russell 2000 posted notable weekly gains and edged closer to the Nasdaq in year-to-date performance. While investors may have moved away from stocks last week, they didn't necessarily put their money in long-term bonds, as prices fell and yields climbed higher.
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Changing Market: Municipal Bonds After Tax Reform

January is typically a strong month for the municipal bond market, but 2018 began with the worst January performance since 1981, driven by rising interest rates and uncertainty over changes in the Tax Cuts and Jobs Act (TCJA).1 The muni market stabilized through April 2018, but uncertainty remains.2 The tax law changed the playing field for these investments, which could affect supply and demand.
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MARKET WEEK: APRIL 30, 2018

An avalanche of corporate earnings reports impacted the market last week. Unfortunately, there were enough lackluster corporate earnings statements to prompt investors to exercise caution, resulting in a relatively flat week for equities. The Dow fell the most — over 0.5% — while the S&P 500 essentially broke even. The remaining indexes listed here lost some value by last week's end. As it stands, only the Nasdaq and the Russell 2000 are ahead of their year-end values, ...
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MARKET WEEK: APRIL 23, 2018

Favorable first-quarter earnings reports helped push stocks higher for the second consecutive week. Led by the small caps of the Russell 2000, each of the benchmark indexes listed here posted gains by the end of last week. The energy sector continued to post strong returns, boosted by rising crude oil prices, which are approaching $70 per barrel. Treasury yields climbed as prices fell following a sell-off of Treasury bonds.
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New Medicare Cards Are Coming

If you receive Medicare, you will be getting a new Medicare card in the mail. To help prevent fraud and fight identity theft, Medicare is removing Social Security Numbers from Medicare cards. Your new card will have a new Medicare Number that's unique to you.
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MARKET WEEK: APRIL 16, 2018

Surging energy stocks led a market rebound last week as each of the benchmark indexes listed here posted gains. Although stocks closed higher by week's end, volatility continued to be the benchmark during the week as investors remain uneasy amidst the turbulent political climate. The trade war rhetoric may have been replaced by escalating strife in Syria. Of the indexes listed here, the Nasdaq climbed the highest, followed by the Russell 2000.
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Trade Tactics: New Metals Tariffs Reflect U.S. Policy Shift

On March 8, 2018, President Trump imposed a global tariff of 25% on steel imports and 10% on aluminum imports.1 A tariff is a tax on a particular class of imported goods or services that is designed to help protect domestic industries from foreign competition.
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MARKET WEEK: APRIL 9, 2018

In likely reaction to the potential trade war with China, stocks fell last week, stripping away the previous week's gains. Last week, China responded to the Trump administration's proposal to increase tariffs on Chinese goods by announcing that it would impose 25% tariffs on several American imports, including soybeans and big-ticket items like automobiles and aircraft. In total, over 100 U.S. exports to China were included in the increased tariffs, affecting upwards of $50 billion.
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QUARTERLY MARKET REVIEW: JANUARY-MARCH 2018

The first quarter of 2018 began as the fourth quarter of 2017 ended: with strong market gains. The Nasdaq led the way by the end of January, posting a monthly increase of almost 7.40%, followed by the large caps of the Dow (5.79%) and the S&P 500 (5.62%). The employment sector remained strong, with 239,000 new jobs added in January and average hourly earnings climbing 0.3%. Consumer prices rose 0.5% in January, while personal income increased 0.4%.
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MARKET WEEK: APRIL 2, 2018

Each of the benchmark indexes listed here posted weekly gains last week, as stocks recovered from the prior week's steep losses. The S&P 500 and Dow posted returns exceeding 2.0%, respectively, followed by the Russell 2000 and the Nasdaq. While many of the markets were closed for Good Friday, last week was relatively slow in trading overall, albeit somewhat fruitful.
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MARKET WEEK: MARCH 26, 2018

Volatility is the catchword when describing the market lately. Investors had better buckle up for a bumpy ride from here on, at least according to indications from the Chicago Board Options Exchange (Cboe) Volatility Index®, which attempts to provide a forward-looking expectation of price fluctuation in the S&P 500 based on stock option trading. The Cboe Volatility Index® soared from 15.80 on March 16 to 24.87 last Friday. Last week's market performance was one of the worst in years, ...
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IRS Releases Updated Form W-4 and Withholding Calculator

The IRS has released a new version of Form W-4 and a revised Withholding Calculator on irs.gov (IR-2018-36). These updated tools can help you check your 2018 tax withholding to determine if it's still appropriate following passage of the Tax Cuts and Jobs Act in December 2017. The IRS urges taxpayers to use these tools to make sure they have the right amount of tax withheld from their paychecks, taking into account significant changes to the tax law for 2018.
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Federal Income Tax Returns Due for Most Individuals

The federal income tax filing deadline for most individuals is Tuesday, April 17, 2018. That's because April 15 falls on a Sunday, and Emancipation Day, a legal holiday in Washington, D.C., falls on Monday, April 16, this year.
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MARKET WEEK: MARCH 19, 2018

Market volatility has been fueled by investor concerns of accelerating inflation. However, last week's Consumer Price Index, retail sales, and Producer Price Index reports showed inflationary trends in February were subdued. Nevertheless, stocks posted weekly losses, possibly resulting from investor fears that the administration's trade policy could drive up costs for domestic manufacturers. Each of the indexes listed here lost value by last week's end, led by the large caps of the Dow and S&P
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There's Still Time to Contribute to an IRA for 2017

There's still time to make a regular IRA contribution for 2017! You have until your tax return due date (not including extensions) to contribute up to $5,500 for 2017 ($6,500 if you were age 50 by December 31, 2017). For most taxpayers, the contribution deadline for 2017 is April 17, 2018.
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MARKET WEEK: MARCH 12, 2018

Last week's jobs report appears to have quelled investor fears, at least for the time being. Each of the indexes listed here posted impressive weekly gains, led by the tech-heavy Nasdaq and the small-cap Russell 2000, each of which gained over 4.0%. While the February employment figures saw over 300,000 new jobs added, meager wage growth didn't support accelerating inflation. Last week's rebound also pushed the major indexes ahead of their 2017 year-end values.
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MARKET WEEK: MARCH 5, 2018

Trade wars: That was the ominous phrase that spooked many investors toward week's end, as President Trump announced plans to implement a tariff of 25% on steel imports and 10% on aluminum imports. While no one can say for certain whether such tariffs will actually materialize, Trump's pronouncements were enough to send stocks tumbling on Thursday and Friday morning, only to recover somewhat by the market's close Friday afternoon.
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MARKET MONTH: FEBRUARY 2018

Despite some positive economic signs, rising consumer confidence, and favorable corporate earnings reports, February marked the end of the 10-month winning streak for the benchmark indexes listed here. Concerns over rising inflation and interest rates triggered a notable sell-off early in the month and pushed volatility to the forefront.
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Correction Time: The Market Takes a Hit

After reaching all-time highs on January 26, 2018, the Dow Jones Industrial Average and the S&P 500 went into a two-week slide that saw both stock indexes drop by more than 10%, a decline that is typically considered a market correction.
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Tax Cuts and Jobs Act: 529 Plans Expanded

Tax Cuts and Jobs Act: 529 Plans Expanded Which states offer a 529 plan state tax benefit? A total of 35 states and the District of Columbia offer a full or partial state income tax deduction for contributions to a 529 plan (however, most restrict the deduction to contributions made to the in-state plan only). California, Delaware, Hawaii, Kentucky, New Jersey, and North Carolina do not offer a state income tax deduction; and Alaska, Florida, Nevada, New Hampshire, ...
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MARKET WEEK: FEBRUARY 26, 2018

For the second week in a row, stocks closed the week ahead. Each of the benchmark indexes listed here ended the holiday-shortened week with marginal gains, led by the Nasdaq, which climbed 1.35%. While equities may have advanced modestly, volatility was prevalent during the week, as investors may be concerned that rising inflation will prompt the Federal Reserve to increase interest rates next month.
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Tax Cuts and Jobs Act

The Tax Cuts and Jobs Act legislation has been passed by Congress and awaits the president's signature. The Act makes extensive changes that affect both individuals and businesses. Some key provisions of the Act are discussed below. Most provisions are effective for 2018. Many individual tax provisions sunset and revert to pre-existing law after 2025; the corporate tax rates provision is made permanent. Comparisons below are generally for 2018.
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Junk Jitters: What's Behind the Exodus from High-Yield Bonds?

For the one-week period ending on November 15, 2017, investors withdrew a net $4.43 billion from U.S. funds holding high-yield bonds (often called junk bonds) — the third largest exodus from such funds on record.1 The high-yield market stabilized over the next two days, but the mass sell-off rang alarm bells for some market analysts.
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MARKET WEEK: DECEMBER 4, 2017

Equities surged for much of last week until an abrupt decline midday last Friday culled some of the earlier gains. Nevertheless, of the indexes listed here, only the Nasdaq lost value from the prior week. The Dow led the way posting an impressive gain of 2.86%, followed by the S&P 500, which climbed over 1.5%. Reports that the Senate was close to passing a tax reform bill may have heightened investor confidence as trading picked up during the week.
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What Will You Pay for Medicare in 2018? (Corrected)

The Centers for Medicare & Medicaid Services (CMS) has announced that the standard monthly Part B premium in 2018 will remain $134 (or higher, depending on your income). In 2017, most Medicare beneficiaries who received Social Security benefits paid a lower monthly premium ($109, on average). However, this is likely to change in 2018.
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MARKET WEEK: NOVEMBER 27, 2017

Stocks rebounded last week in spite of the market shutting down for the Thanksgiving holiday. Each of the benchmark indexes listed here posted weekly gains, led by the Russell 2000, which posted one of its largest weekly advances this year. The tech-heavy Nasdaq was next, followed by the Global Dow. The large caps of the S&P 500 and Dow enjoyed moderately strong returns. For the year, the Nasdaq is approaching an increase of 30.0%.
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Proposed Tax Reform Legislation

On November 2, 2017, House Republicans released their comprehensive tax reform plan, the Tax Cuts and Jobs Act. Then, on November 9, 2017, Senate Republicans released their own plan. The two plans have much in common, but also have significant differences. Some key provisions of these tax proposals are discussed below. Of course, provisions may change as the legislation winds its way through Congress. Most provisions, if enacted, would be effective for 2018.
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MARKET WEEK: NOVEMBER 20, 2017

Last week saw a mixed bag of returns as the large caps of the Dow and S&P 500 lost value for the second consecutive week, while the tech-heavy Nasdaq and small caps of the Russell 2000 posted gains. Major gains from consumer companies such as Wal-Mart Stores, which reported its strongest sales in several years, weren't enough to offset falling energy stock prices. On the other hand, the Nasdaq posted a gain of almost .50%, while the Russell 2000 was the leader by far, climbing 1.19%.
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MARKET WEEK: NOVEMBER 13, 2017

Trepidation over proposed tax reform took a toll on large caps last week, ending what had been a run of consecutive weekly positive returns. The small caps of the Russell 2000 were particularly hit, sending that index down over 1.30%. Rising oil prices pushed energy stocks higher, but not enough to offset falling stock prices across much of the market. A light economic calendar probably accounted for long-term bond yields remaining largely unchanged from the prior week.
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Spanish Showdown, Slow Brexit

With separatists in Catalonia pushing for independence, Spain's democratic government is facing a constitutional crisis. Meanwhile, little progress has been made in negotiations on the terms of the United Kingdom's pending exit from the European Union. Geopolitical tensions can affect economies and move financial markets. Here's a closer look at these two political standoffs taking center stage in Europe, either of which could influence national growth prospects as well as some international in
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MARKET WEEK: NOVEMBER 6, 2017

The benchmark indexes were mixed last week as large caps and tech stocks performed well, while small caps took quite a hit. The S&P 500 closed the week posting gains for the eighth straight week. The small caps of the Russell 2000 lost almost 1.0%. Technology and energy stocks performed well. Economic and political news also may have shaped the market last week as the Fed decided to hold short-term interest rates steady, and the president nominated a new chairman of the central bank to succeed .
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IRA and Retirement Plan Limits for 2018

The maximum amount you can contribute to a traditional IRA or a Roth IRA in 2018 is $5,500 (or 100% of your earned income, if less), unchanged from 2017. The maximum catch-up contribution for those age 50 or older remains at $1,000. You can contribute to both a traditional IRA and a Roth IRA in 2018, but your total contributions can't exceed these annual limits.
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MARKET MONTH: OCTOBER 2017

Despite continuing drama in the White House and the fury of Mother Nature, stock growth remained steady for much of October. Favorable corporate earnings reports, a strong jobs sector, and growing consumer income overcame any trepidations investors may have had. Each of the benchmark indexes listed here posted monthly gains, led by the large caps of the Dow, which gained over 4% for the month and is up over 18% year-to-date. The tech-heavy Nasdaq has remained steady throughout the year, reaching
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The Economic Impact Of The 2017 Hurricanes

Royal Alliance Associates, Inc.ZIAD WEHBE, CRPS® Financial Advisor 10 Highland Heights Rochester, NY 14618 direct: 585-230-6986 fax: 585-473-0947 zwehbe@royalaa.com www.ziadwehbe401k.com The Economic Impact Of The 2017 Hurricanes     Refer a friend IMPORTANT DISCLOSURESSecurities and investment advisory services offered throug
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MARKET WEEK: OCTOBER 30, 2017

Strong third-quarter corporate earnings and an expanding gross domestic product helped push the S&P 500 and Nasdaq to new record highs last week. The Dow also gained close to 0.50%. While technology stocks led the way, health-care shares didn't fare as well, pushing the small-cap Russell 2000 to a small end-of-week loss. A fading euro may have impacted the Global Dow, which fell off a bit by last week's end. Positive economic signs also affected the bond market, which saw the yield on 10-year ..
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MARKET WEEK: OCTOBER 23, 2017

The Dow jumped 2.00% last week, reaching 23000 for the first time in its history. Strong corporate earnings and the anticipation of Congress reaching a budget resolution swayed investors toward equities. Each of the benchmark indexes listed here posted weekly gains, although not as considerable as the more narrowly focused Dow. Year-to-date, equities have surged ahead of their 2016 closing values, led by the Nasdaq (up over 23%), followed by the Dow, Global Dow, S&P 500, and the Russell 2000, ..
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November 2017 Newsletter

November 2017 Newsletter Planning Your Financial Future
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MARKET WEEK: OCTOBER 16, 2017

Each of the benchmark indexes listed here posted gains by last week's end, except for the Russell 2000, which fell 0.50%. The large caps of the Dow and S&P 500 enjoyed moderate increases, as did the Global Dow, which gained the most last week. Most impressively, the Nasdaq ended the week at a new all-time record. While equities marginally increased in value, investors favored gold and long-term bonds, both of which saw prices rise.
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Hurricane Disaster Tax Relief

Hurricane Disaster Tax Relief In a four-week period, the United States was struck by three Category 4 hurricanes. The resulting damage is staggering. As humanitarian relief efforts continue, new legislation provides tax relief for those affected by the storms. Additional tax relief provisions have been announced by the IRS. Disaster Tax Relief Act of 2017 The Disaster Tax Relief and Airport and Airway Extension Act of 2017 (the "Act"), signed into law on September 29, 2017, ...
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Deadline Approaching for Undoing a 2016 Roth IRA Conversion

If you converted a traditional IRA to a Roth IRA in 2016 and your Roth IRA has sustained losses, you may want to consider whether it makes sense to undo (recharacterize) your conversion. You have until October 16, 2017, to undo your 2016 conversion.* A recharacterization can help you avoid paying income tax on IRA assets that have lost value since the conversion. When you recharacterize, your conversion is treated for tax purposes as if it never happened.
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Market Week: October 9, 2017

Equities continued to surge last week as each of the benchmark indexes listed here posted notable gains — despite a late Friday's downturn. The Dow rose by 1.65%, followed by the Nasdaq, Russell 2000, and the S&P 500. Only the Global Dow failed to increase by at least 1.0%. The labor report's strong wage gains may have enticed long-term bond investors to sell, pushing prices on 10-year Treasuries lower while inflating yields.
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How a Donor-Advised Fund (DAF) Works

A donor-advised fund (DAF) offers an easy way for a donor to make significant charitable gifts over a long period of time. A DAF is similar to a private foundation but requires less money, time, legal assistance, and administration to establish and maintain. Because DAFs are public charities, they also enjoy greater tax advantages than private foundations.
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QUARTERLY MARKET REVIEW: JULY-SEPTEMBER 2017

Trading during the summer months is customarily slow, and the summer of 2017 proved no different. July kicked off the third quarter with equity markets enjoying noteworthy gains over their June closing values. Both the Dow (2.54%) and S&P 500 (1.93%) posted significant gains, as did the Global Dow (3.13%). The Nasdaq posted a very favorable 3.38% monthly increase. The yield on long-term bonds changed very little from June as investors seemed to focus on surging equities. Crude oil prices reached
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Market Week: October 2, 2017

The large caps of the Dow and S&P 500 closed last week with moderate gains, while small caps of the Russell 2000 enjoyed substantial gains. The Nasdaq also climbed over 1.0% and continues to lead in the year-to-date race, having gained almost 21.0% over its 2016 year-end value. Analysts suspect that the Trump administration's proposed tax plan, if passed, would add to the federal deficit. This possibility has helped push long-term Treasury yields higher in anticipation of the issuance of more go
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Medicare Open Enrollment Begins October 15

The Medicare open enrollment period is the time during which people with Medicare can make new choices and pick plans that work best for them. Each year, Medicare plans typically change what the plans cost and cover. In addition, your health-care needs may have changed over the past year. The open enrollment period is your opportunity to switch Medicare health and prescription drug plans to better suit your needs.
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Market Week : September 25, 2017

The benchmark indexes listed here ended last week mixed, with the large caps of the S&P 500 and Dow posting modest gains, while the tech-heavy Nasdaq fell back a bit. The small-cap Russell 2000 performed the best, gaining 1.33%. Energy stocks climbed as oil prices hit a three-month high. The yield on 10-year Treasuries climbed as prices fell. Overall, trading was rather subdued, probably in response to the strong dialogue between the United States and North Korea.
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Brick-and-Mortar : The Precarious Fate of Traditional Retail

The rise of e-commerce has been a disruptive force in the retail sector. In fact, 5,300 store closings were announced in the first half of 2017 — about three times as many as during the same period in 2016. At this pace, the 2017 total should easily exceed the 6,163 store closings in 2008, the worst year on record. Retail bankruptcies have also been on the rise, with 345 companies filing by mid-year.
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Asset Preservation

ASSET PRESERVATION Lawsuits, taxes, accidents, and other financial risks are facts of everyday life. And though you'd like to believe that you're safe, misfortune can befall even the most careful person. If you haven't done any asset preservation planning, your wealth is vulnerable to potential future creditors and, should the worst happen, you could lose everything.
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Market Week : September 18, 2017

The Markets (as of market close September 15, 2017) Stocks followed the prior week's plunge by surging to record highs last week. The Dow, S&P 500, and Nasdaq reached new all-time highs during the week, as each of the indexes listed here posted impressive gains. The small caps of the Russell 2000 led the way, gaining over 2.3%, followed by the Dow, S&P 500, Nasdaq, and the Global Dow. For the year, the Nasdaq still remains in the lead as it closes in on 20%.
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Rising Rates: Strategies for Managing Bond Risks

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Back to Basics: Diversification and Asset Allocation

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The Equifax Data Breach

The Equifax Data Breach On September 7, 2017, Equifax announced a massive data breach that exposed vital personal identification data on as many as 143 million consumers, roughly 55% of Americans age 18 and older. On September 7, 2017, Equifax, one of the three main credit reporting agencies, announced a massive data security breach that exposed vital personal identification data — including names, addresses, birth dates, and S
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Market Month : August 2017

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Market Week : September 5, 2017

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Market Week : August 28th, 2017

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