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View the latest news by 1879 Advisors affiliates, Bruderman Asset Management.
If you are a member of the media and would like to speak with a Bruderman executive, please contact Oliver Pursche, Vice Chairman & Head of Wealth Management of Bruderman Asset Management at opursche@mjbc.com.
April 2, 2020
The New York Times
The number of Americans filing claims for unemployment benefits last week shot to a record high for a second week in a row - topping 6 million - as more jurisdictions enforced stay-at-home measures to curb the coronavirus pandemic, which economists say has pushed the economy into recession.
March 27, 2020
Fox Business
Oliver Pursche, 1879 Advisers chief market strategist, says the fact that the government stepped up and took real action helped soften the market.
March 24, 2020
Wall Street Stares Down Another Bleak Week, with Coronavirus Risks Amplified
The New York Times
Economic data set to be released this week, including jobless claims, IHS Markit's manufacturing survey and consumer sentiment, will help determine where things stand, said Oliver Pursche, chief market strategist at Bruderman Asset Management.
March 17, 2020
Investors wince at Mnuchin’s idea of shortening trading hours amid coronavirus fears
New York Post
“It’s more likely that we would have shorter trading hours than shutting down the market, but I don’t believe that will do much of anything,” said Oliver Pursche, chief market strategist at Bruderman Asset Management in New York.
March 2, 2020
Wall Street surges on Biden bounce
Reuters
Wall Street roared back to life on Wednesday, with both the Dow and the S&P 500 surging more than 4%, after former Vice President Joe Biden’s strong showing in the Super Tuesday Democratic primary contests injected a dose of confidence.
February 26, 2020
Market tough when it comes to impact of viruses
MarketWatch
Oliver Pursche, Bruderman Asset Management Vice Chairman and Chief Market Strategist, join ‘Power Lunch’ to discuss the state of the markets amid the coronavirus outbreak.
February 21, 2020
Major averages snap 2-week winning streak
CNBC
Oliver Pursche, chief market strategist at Bruderman Asset Management, join ‘Closing Bell’ to discuss markets.
February 11, 2020
S&P 500, Nasdaq Eke Out New Closing Highs
New York Times / Reuters
S&P 500 and the Nasdaq inched to their second consecutive record closing highs on Tuesday as Chinese officials said the deadly coronavirus epidemic could be contained by April.
January 9, 2020
We see high single-digit returns for equities in 2020: Market Strategist
CNBC
CNBC’s “Power Lunch” team discusses the market rally with Oliver Pursche of Bruderman and Eric Freedman of U.S. Bank.
December 30, 2019
Wall Street pulls back from records as investors take profits
Reuters
The newly minted SECURE Act will change the way Americans save for retirement.
April 2, 2020
Morningstar
In one promising sign, credit markets showed more signs of resilience than in the last bout of volatility in midMarch, said Oliver Pursche, chief market strategist at broker-dealer Bruderman Brothers.
March 25, 2020
Oliver Pursche on Markets (Radio)
Bloomberg Radio
Oliver Pursche, Chief Market Strategist at 1879 Advisors, discusses market news of the day with Bryan Curtis and Kathleen Hays.
March 20, 2020
Don't let the news dictate your portfolio: market strategist
Yahoo Finance
Oliver Pursche, 1879 Advisors Chief Market Strategist, joined Yahoo Finance's Jen Rogers to talk the week's market action.
March 17, 2020
Industrials Up As U.S. Treasury Unveils $1 Trillion Stimulus Plan — Industrials Roundup
Morningstar
Both the Treasury Department and the Federal Reserve were "demonstrating today ... that they will do anything and everything they can to support the market and the economy [and] stave off a significant recession," said Oliver Pursche, chief market strategist at broker-dealer Bruderman Brothers.
March 2, 2020
Way too early to call bottom, but investors should remain cautious
CNBC - Closing Bell
Oliver Pursche, 1879 Advisors, joins ‘Closing Bell’ to discuss if the market has seen a bottom and what investors should do amid the coronavirus outbreak.
February 26, 2020
Stocks end mostly lower, as concerns about spread of coronavirus extend selloff
MarketWatch
U.S. stocks finished mostly lower Wednesday, with the Dow and S&P 500 index falling for a fifth straight day, as investors digested reports on the spread of China’s coronavirus to Europe and the Americas.
February 20, 2020
Financials Up After Strong Building Permits
Morningstar
Shares of banks and other financial institutions rose after home-building permits hit their highest level since March 2007 in January.
February 6, 2020
Technology Growth Stocks Should Do the Best, Bruderman MA Says
Bloomberg
Oliver Pursche, chief market strategist at Bruderman Asset Management, talks about U.S. stocks and bonds.
January 1, 2020
Bitcoin is a pyramid scheme, economist says
Yahoo Finance
Since Bitcoin’s parabolic rise in early 2017, we’ve seen cryptocurrency adoption within some of the world’s largest financial institutions.
December 16, 2019
Wall Street hits fresh highs on trade deal boost
Reuters
The newly minted SECURE Act will change the way Americans save for retirement.
March 30, 2020
Bloomberg
Bruderman Asset Management and 1879 Advisors Chief Market Strategist, Oliver Pursche discusses potential bottom in the markets.
March 25, 2020
'What you want to focus on is a long-term view' amid coronavirus pandemic: Strategist
Yahoo Finance
Oliver Pursche, 1879 Advisors Chief Market Strategist, joins Yahoo Finance's On The Move panel to discuss how the markets are faring amid the coronavirus outbreak.
March 18, 2020
Industrials Down Sharply As Detroit Auto Makers Cease U.S. Production — Industrials Roundup
Morningstar
"During the financial crisis, that really impacted households in two ways --depending on which industry you worked in -- layoffs -- and it was a housing value crisis," said Oliver Pursche, chief market strategist at broker-dealer Bruderman Brothers.
March 13, 2020
Plans to safeguard our clients physical and financial health with regard to the coronavirus outbreak
1879 Advisors
As you know, there has been a rise of coronavirus (also known as COVID-19) in our region. While we are taking this public health matter very seriously, we see no reason for concern or panic from the investment standpoint.
March 2, 2020
Oliver Pursche picks Amazon as Last Chance Trade
CNBC - Closing Bell
Oliver Pursche, chief market strategist breaks down why he chose Amazon as his last chance trade on ‘Closing Bell.’
February 26, 2020
U.S. Stocks to Rise in 2020, but Virus, Presidential Race Pose Risks: Reuters Poll
New York Times
The U.S. stock market is likely to rack up solid gains this year, but it's vulnerable to a correction if the effect of the coronavirus outbreak worsens or the U.S. presidential race rattles investors, according to strategists in a Reuters poll.
February 20, 2020
Wall Street drops around 1% as coronavirus fears grow
Yahoo Finance
It's emblematic of overall nervousness of the market. There's nervousness about earnings, and Apple spooked the market.
January 14, 2017
What Sectors Investors Should Be Watching
Ameritrade
Tell people more about the classes you offer. Add images, text and links, or connect data from your collection to display dynamic content.
January 1, 2020
Retirement; How the SECURE Act will impact annuity investments
Yahoo Finance
The newly minted SECURE Act will change the way Americans save for retirement.