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As police officers and fire fighters stand committed to protecting the public,
Public Safety Financial/Galloway stands committed to serving the financial needs of public servants.

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Founded in 1999 by Mike Galloway, a United States Marine Corps veteran and retired
Mesa Police Lieutenant. Public Safety Financial/Galloway has a clear mission.
Address the specialized issues surrounding government pensions, DROP rollovers,
deferred compensation, and investment accounts. We offer a “one-stop” solution
for public servants’ investment needs.

With over 280 years of combined public safety expertise
and over 260 years of financial service experience, the Public Safety Financial/Galloway team
is deeply invested in your family’s financial success.

For more information, please call 877.778.2351.

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INTEGRITY     EXPERIENCE    COMMITMENT

 

 

Public Safety Financial/Galloway at Public Safety Financial/Galloway.

Choose Wisely
#psfgalloway #retirement #money #financialplanning

Retirement Strategies – Choose Wisely!
Saving and Planning for retirement is important; but once you are retired, it is just as important to know where your money is.
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17 hours ago

Public Safety Financial/Galloway added 2 new photos.

#psfgalloway #marketupdate #financial #advisor

September 19-23

It was a fairly strong week for the US Stock market with the S&P 500 rising +1.19% since last Friday. The index is now almost flat for the month (-0.19%) and up +7.62% for 2016.

The key announcement for this week came from the Federal Open Market Committee (FOMC) which decided to do stand pat. Though the board acknowledge that conditions have improved considerably, with unemployment approaching its incompressible rate and labor participation improving (despite the aging population), members were concerned that raising the overnight rate now would cause “unnecessary risk” for the labor market. In addition, the stubbornly low level of inflation remains an important concern. As a reminder the main reason for targeting 2% inflation is that it motivates people to spend now (which keeps the economy going) rather than later when prices have gone up.

Of note is that dissenting voices were louder this time as the decision to keep rates unchanged was passed by a vote of 7 to 3, which is as narrow a margin as it has been in a while. According to the Wall Street Journal “Ms. Yellen said Fed officials had struggled to reach a consensus, though she said the disagreement was mostly about a narrow question of timing.” Meanwhile the “Fed Dot Plot” which indicates where each of the Fed’s 17 voting and non-voting members see future interest rates has shifted downward since June, suggesting a more cautious outlook on the future. The darker dots represent the median forecast for each year.

Although Fed chair Janet Yellen has said that the board is not politically motivated and that it may very well choose to raise interest rates at the next meeting, which will take place one week before the elections, history tells a different story. Going back to 1990, the Fed has changed its target rate 4 times in the two months that preceded a presidential elections. Three of those changes were decreases (source: MarketWatch). Instead Fed-funds futures forecast a 57% chance of a December increase.
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3 days ago

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#firefighter #discoball #sponsorship #golftournament

PSF/Galloway is proud to sponsor the United Phoenix Fire Fighters Charities at their DY-NO-MITE Golf Tournament and Disco Ball!

When: October 1st, 2016
Where: Pointe Tapatio Resort

phoenixfirefightersball.com

Pictured: Chief Russ Kirk, also Director of Community Programs for United Phoenix Fire Fighters Charities, Debra Neslon & Captain P.J. Dean, also Secretary for United Phoenix Fire Fighters Charities
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1 week ago

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Public Safety Financial/Galloway added 2 new photos — at Public Safety Financial/Galloway.

PSF/Galloway Market Update

September 12-14

Volatility continued to run a bit higher than recent history yet the S&P 500 managed to eke out a slight gain for the week (+0.53%). The index is down -1.36% so far in September and still up +6.34% for 2016.

The best news of the week came out on Tuesday when the U.S. Census Bureau released its annual 2015 American Community Survey:

•After sliding for years, median household income received a big boost in 2015, rising +5.2% to $56,516. The jump in median income is the largest one on record going back to 1984. After adjusting for inflation, we are now less than 2.5% away from the all-time high reached at the peak of the technology boom in 1999.
•Poverty also took a step back to a level near the beginning of the recession sparked by the global financial crisis in 2007 and well below the 2009 peak. The 1.2% decline in the poverty rate between 2014 and 2015 means that 3.5 million fewer Americans now fall below the poverty threshold.
•The income gender gap is very slowly narrowing. On average women earn about 79.6 cents on the dollar compared to men up from 71.6 in 1990. On a more positive note, recent studies have shown that the gap narrows considerably (to 95%) when comparing equivalent jobs.
•The percentage of uninsured people dropped below 10% for the first time in 2015. In addition, according to CNN “… more recent government data found that the uninsured rate fell to 8.6% in the first quarter of this year. Some 27.3 million people lacked health coverage, according to the National Health Interview Survey, published by the Centers for Disease Control and Prevention.”


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2 weeks ago

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Public Safety Financial/Galloway added 2 new photos — at Octane Raceway.

#racing #competition #workplacefun

PSF/Galloway was in need of some fun time and what better way to do that than racing at Octane Raceway in Scottsdale!

Missed a few people, but Jennifer Johnston, wife of Advisor Casey Johnston, still managed to come out on top!
pictured:
PSF/Galloway group
CEO, Mike Galloway and Jennifer Johnston
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3 weeks ago

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Public Safety Financial/Galloway added 2 new photos — at Public Safety Financial/Galloway.

#psfgalloway #marketupdate #publicsafety #financialadvisor
Sept. 5 – Sept. 9, 2016

It was a volatile Friday for the US stock market. The S&P 500 finished the week down -2.38% and is now up +5.71% year-to-date.

The VIX (volatility) index was up over +35% on Friday which had not happened since last June. Volatility and market performance tend to be inversely correlated. Volatility usually goes up when the stock market goes down and vice versa. We had a couple of spikes earlier this year, first when the S&P 500 hit a 2016 bottom on February 11. The main concern at the time was the crash in oil prices and its implications for our economy. VIX spiked again on June 24 after the UK voted to exit the European Union.

The stock market hates uncertainties and after the S&P500’s +20% run since the bottom in February, it doesn’t take much for investors to be concerned. Voting members of the Federal Reserve Board (FED) have been a little bit more vocal about the necessity to increase rate lately. The reason why anyone is surprised is a little bit puzzling however as the FED has been looking for an excuse to raise the overnight rate all year. Barring some terrible economic news or another unforeseen event (such as the aforementioned British Exit) the expectation has been that the board will make a move for quite a while now. We should note that despite the 35% move to the upside for volatility, VIX is still about 20% below its long term average around 20, which suggests that there is room for the stock market to come down some more in the short term.
Longer term however, a rate increase would imply that the economy is doing fine. The labor market is indeed tightening and Gross Domestic Product growth is expected to come back up in the 2% to 3% range in the third and fourth quarter of 2016. As always we advise investors stay alert but not to over-react based on the daily gyrations of the stock market.
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3 weeks ago

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Public Safety Financial/Galloway at Public Safety Financial/Galloway.

PSF/Galloway Financial GPS
Check out what's new at PSF/Galloway!

If you have any questions about this video or your account, give us a call at 1-877-SQUAD-51!

Stay safe,
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3 weeks ago

Public Safety Financial/Galloway at Tempe Fire Training Center.

#psfgalloway #tempe #firefighter #financialwellness #pension

Come join PSF/Galloway RVP Chris Hoerchler and Financial Advisor Mark McPherson in Tempe as they go over Pension Reform!

For more information give us a call @ 1-877-SQUAD-51.

We will see you tomorrow, Thursday, September 8th @ 8:30am!

Stay Safe!
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3 weeks ago

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Public Safety Financial/Galloway added 2 new photos.

PSF/Galloway Market Update

August 29 – Sept. 2, 2016

August was fairly quiet with the S&P 500 finishing the month up just +0.14%. Meanwhile the MSCI All Country World Index (ACWI) was up +0.39%. Year-to-date the indices are up +7.82% and +6.39% respectively through 8/31.

We started last week with July Personal Income and Consumer Spending readings, both of which posted decent numbers. Income rose +0.4% for the month and spending was up +0.3%, suggesting that consumers are saving a little bit more. Indeed the savings rate rose +0.2% to 5.7 percent in July. Despite an increase in savings, durable goods benefited from still fairly strong auto sales even if there are signs that those numbers are beginning to cool down.

Meanwhile the manufacturing index posted its first contractionary reading since February at 49.4 (source: Econoday). Any reading below 50 indicates a contraction. This is also about 2 points below the lowest expectation from analysts. That being said this month’s contraction follows 5 solid months of expansion in manufacturing activity and may just be a temporary summer lull.

Finally we closed the week with the Employment Situation report which somewhat disappointed. The unemployment rate remains at 4.9% as non-farm payroll increased by a less than expected 151,000 new jobs. While the gains in payroll may be disappointing, this the 71st consecutive month of job growth. Our economy has created 14.2 million new jobs since October 2010 (71 months ago) for an average of 200,000 jobs a month. Despite all of that, this week’s mildly disappointing economic releases may tilt the balance to a “no-rate-change” decision when the Federal Reserve meets on September 21.
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3 weeks ago

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PSF/Galloway Market Update

August 22 - 26, 2016

This S&P 500 closed down -0.67% for the week, making for a pretty boring month of August so far. With only 3 trading days left in the month the index is up +0.02% in August and +7.68% in 2016.
Here is what Fed Chair Janet Yellen had to say about the current state of our economy as the Central Bank’s annual summit in Jackson Hole came to a close on Friday: “The Federal Open Market Committee continues to anticipate that gradual increases in the federal funds rate will be appropriate over time to achieve and sustain employment and inflation near our statutory objectives. Indeed, in light of the continued solid performance of the labor market and our outlook for economic activity and inflation, I believe the case for an increase in the federal funds rate has strengthened in recent months." (“The Federal Reserve's Monetary Policy Toolkit: Past, Present, and Future” – Federal Reserve Bank, Chair Janet L. Yellen, 8/26/2016)

Reinforcing that point, more positive economic numbers came out last week, starting with new home sales which surged 12.4% in July. The number of new homes has been increasing quite strongly over the last few years as mortgage rates have been declining to new lows and sellers have offered price incentives. Indeed, the year-over-year median price for a new home has declined -0.5% to $294,600 and the average interest rate on a 30 year mortgage is down -1.1% since August 2013. Existing home sales were down however this is mostly likely due to low inventory in the existing homes market.

Durable goods orders (planes, cars, home appliances...) rose +4.4% in July. To be fair, that’s a fairly volatile number but embedded in this month’s data is an increase in business equipment and machinery indicating that businesses may be gearing up to produce more in the near future.

Finally, the second estimate for second quarter Gross Domestic Product was revised down 10 basis points to +1.1% which is a fairly soft reading. However reduction in inventory is the major culprit for the low reading. Choosing to draw down on inventories rather than producing more items should lead to a bounce in production in the third quarter as producers need to replenish their warehouses, particularly in light of a strong increase in consumer spending (+4.4% y/y).
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1 month ago

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