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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

 

 

#azburnfoundation #festivaloftrees #scottsdale #burnvictims

Trees decorated by dozen's of volunteers, auctioned for thousands and is the singular fundraising event of the year.

The main tree was auctioned for $160,000! All of the proceeds are disbursed for the continuation of the programs the Burn Foundation offers for the burn survivor community.

A great event that continues to grow each year!
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A fundraiser for the AZ Burn Foundation.

3 days ago

#psfgalloway #november #marketupdate

November 28-December 2

November was good for equity investors. The S&P 500 rose +3.70% for the month and the index is up +9.79% for the year as of 11/30/2016. Remember my November 4 recap when I said that “since 1928 the stock market has returned +11.3% on average during an election year” and that it seemed pretty far- fetched because stocks were up only +3.88% for the year at the time? We are now within striking distance of that return. Meanwhile the All Country World Index (ACWI) performance was a little bit more subdued (+0.81%) as it was somewhat dragged down by Emerging Markets (-4.6%) and Europe (- 2.2%). ACWI is up +6.15% so far in 2016.

We received three good news for our economy this week. Starting with third quarter Gross Domestic Product (GDP) which was revised up significantly to +3.2% on an annualized basis vs. +2.9% for the first reading. Embedded in this upgraded was better than expected Personal Consumption Expenditures (PCE). PCE was up +2.8% for the quarter following a +4.3% increase in the second quarter. This sign of optimism is reflected in the Consumer Confidence Index released on Tuesday. Sitting at 107.1, the reading is as high as it’s been since 2007.

Secondly, the Institute of Supply Management’s Manufacturing Index also came out at 53.2 confirming that durable goods orders continue to grow with new orders leading the way. This information bodes well for 4th quarter GDP.

Keeping the best for last, Friday’s Employment Situation report indicates continued strong growth in payroll as the unemployment rate dropped sharply from 4.9% in October to 4.6% in November. The last time unemployment was this low was almost 10 years ago in August 2007. Likewise the more comprehensive U-6 unemployment rate, which includes marginally attached and part-time workers for economic reasons rather than personal preference, dropped from 9.5% to 9.3%, the lowest number since April 2008. The release did come with a couple disappointments as both labor participation and average hourly earnings declined in November. However earnings are still up +2.5% over the past year exceeding inflation by 0.9% over the same period and resulting in real wage gains for American workers.
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5 days ago

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PSF/Galloway Market Update
#psfgalloway #marketupdate #economy
November 21-25

The post-election rally continued last week and the S&P 500 finished up +1.45%. The S&P 500 is now up +4.33% for the month and +10.45% year-to-date.

It looks like our economy is humming along and possibly picking up some steam. Many of the economic releases came on Wednesday due to the Thanksgiving holiday. Durable goods (automobiles, home appliances, furniture...) were up +4.8% in October, obliterating the +1.5% consensus forecast. Spending on transportation was clearly the big gainer as it shot up +12% with the bulk of it coming from purchases of both non-defense and defense aircrafts.

New Jobless claims matched the forecast (251,000 new claims) and marked the 90th week below 300,000 which is a good sign for the labor market conditions.

Finally, the Purchasing Managers’ “Flash” Manufacturing Index was released at 53.9. As a reminder, a reading below 50 indicates a contraction in manufacturing activity and anything above 50 means that new orders, backlogs, production levels and inventories are on the rise. “Production volumes have now increased for six consecutive months and the latest rise was the strongest since March 2015 thanks to improving underlying demand and generally supportive domestic economic conditions.” (Source: Econoday). This “Flash” index is an estimate of the final number which will be released this Thursday.

Other key items to look for this week will be the first revision in the third quarter Gross Domestic Product (currently at +2.9%) on Tuesday and the November unemployment report on Friday.
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2 weeks ago

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#budget #hardwork #expenses #income #psfgalloway

How do you budget?

Stay safe!
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This is "How Do I Budget?" by Public Safety Financial/Galloway on Vimeo, the home for high quality videos and the people who love them.

2 weeks ago

#happythanksgiving #thankful #family #psfgalloway

From our family to yours, Happy Thanksgiving!

Stay safe,
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This is "THANKFUL- FB 2016" by Public Safety Financial/Galloway on Vimeo, the home for high quality videos and the people who love them.

2 weeks ago

#psfgalloway #thankyou #happythanksgiving #fromustoyou

We have many reasons to be thankful this year, thank you for being one of them!

Stay safe,
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This is "THANKS" by Public Safety Financial/Galloway on Vimeo, the home for high quality videos and the people who love them.

2 weeks ago

Public Safety Financial/Galloway added 2 new photos.

#psfgalloway #marketupdate #stockmarket #jobmarket

November 14-18

The stock market continued to rally in the US and the S&P 500 finished the week up +0.81%. The S&P 500 is now up +2.83% for the month and +8.87% year-to-date.

Last week was rich in economic releases starting with Retail Sales for the month of October which jumped by a better than expected +0.8% with the all-important auto sales leading the way up +1.1%, following very strong +1.9% in September. Overall, most of the subcomponents of the index showed some strength which is a good sign for 4th quarter growth as personal consumption represents about 68% of Gross Domestic Product (GDP).

New jobless claims dropped significantly last week to 235,000 new claims, much lower than the expected 257,000 and the lowest weekly number since October 1973 when the workforce was smaller than today. It appears that employers are not letting go of their employees and the trend is pointing to healthy labor market.

A strong job market leads to higher consumption which itself creates inflationary pressures. The Consumer Price Index (CPI) was released on Friday and showed a gain of +0.4% in October alone. A large part of that spike came from energy prices (gasoline was up +7%) which is very volatile. Core CPI however, which excludes the more volatile food and energy components, is up +2.1% year-over-year which is around the Federal Reserve’s stated target.
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3 weeks ago

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#holiday #spendless #startright #financialadvisor #psfgalloway

Financial stability, the best gift you can leave your loved ones.

Stay safe,
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This is "Spend Less Than You Earn" by Public Safety Financial/Galloway on Vimeo, the home for high quality videos and the people who love them.

3 weeks ago

Public Safety Financial/Galloway added 2 new photos.

PSF/Galloway sponsors East Valley Firefighters Charities’ (EVFC) at their 15th Annual Hook and Ladder Tournament.

Look for the PSF/Galloway Black Jack Table and Financial Advisor Matt Rogers!

For more information regarding EVFC and their upcoming events, please log on to firefightercharities.com

November 19, 2016
East Valley Firefighters Charities
Hook and Ladder Golf Tournament
Arizona Golf Resort
425 S Power Road, Mesa, AZ 85206
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3 weeks ago

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#psfgalloway #police #scottsdale #familiesinneed

On November 19th, 2016 PSF/Galloway will support Angels on Patrol at the 2016 Halos and Holsters event.

Founded by Retired Lt. Jacqui MacConnell, Angels on Patrol’s mission is to provide resources to families and children in need as identified by police.

For more information reading the Angels on Patrol, please log on to angelsonpatrol.org

November 19, 2016
Angels on Patrol 2016 Halos & Holsters
FireSky Resort & Spa
4925 N Scottsdale Road, Scottsdale, AZ 85251
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4 weeks ago

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#psfgalloway #marketupdate #monday #president #outcome

PSF/Galloway Market Update
November 7-11

Donald Trump stunned everyone last Tuesday when he became the 45th President of the United States. Investors initially reacted negatively to the surprise outcome and drove S&P 500 futures down more than 100 points. By the time the market opened on Wednesday however the mood had changed and the index ended the session up +1.11%. As of Friday the S&P 500 is up +3.8% for the week, +1.9% in November and +7.9% Year-to-date.

Half of the country voted for the candidate who built his campaign on the promise of large scale changes rather than for the better known entity, causing the other half and many more abroad to be thoroughly concerned about the future. Here are a few points that hopefully will alleviate some of that concern:

 Donald Trump will inherit a fairly healthy economy. U.S. GDP growth is picking up steam, unemployment has dropped below 5% and corporate earnings have regained some momentum and are now growing at a double digit pace year-over-year. In addition the global economy is also warming up and the world’s Purchasing Manager Index (PMI) is growing at the highest rate in the last two years.

 A rate hike by the Federal Reserve in December is now less likely though far from improbable. However in the unlikely event that our economy started to sputter the Fed will stand at the ready to help sustain long term growth.

 Despite the rhetoric heard on the campaign trails Americans should expect policy changes but not a policy storm. There are many fiscally conservative senators and representatives in Congress who will likely reign in some of the changes that were promised during the campaign and we should expect Donald Trump (or any President-elect) to be more pragmatic once he enters the oval office. It is unlikely that laws and trade agreements would be rescinded without workable substitutes.

 The growing inequalities among the U.S. population cannot be ignored and are likely to be at least partially the source of the election result. It is doubtful that infrastructure spending, tax reform and other promises made during the campaign will be fully enacted however even a partial implementation could help narrow some of that gap.

 Finally as far as investors are concerned, remember that the stock market is more dependent on economic cycles than on the political party in power.
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4 weeks ago

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#veteransday #psfgalloway #november #thankyou

Thank you for your service!

Happy Veteran's Day!

Stay Safe,
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4 weeks ago

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