Market Commentary: Putting Socks on an Octopus

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On Capitol Hill, yeoman’s work is needed to achieve consensus on the thorniest of issues, the legislative product of the most contentious of negotiations. This week, the whips on both sides of the aisle and in both chambers of Congress are hard at work trying to rapidly round up votes for a bill that will suspend the debt limit, set some new federal spending guidelines, and address other issues that have, for various reasons, suddenly fallen under the umbrella of extreme urgency. It is not unlike the annual effort to enact a budget framework and then an omnibus spending bill. The whole process is described as being like trying to put socks on an octopus.

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Market Commentary: Pointing Fingers

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Fingers are being pointed in every direction down in the nation’s capital and there is evidently not much humor to lighten the mood. Hard-working Americans once again, through no fault of their own, face serious financial problems as a result of the pandemic, inflation and various fiscal and monetary policies. . Total consumer debt has risen past $17 trillion for the first time according to the New York Fed, and the share of current debt becoming delinquent has increased for the fifth straight quarter for most types of credit.

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Medford Leas (May 2023)

HJ Sims completes $37 million Bank Financing, for campus renewal and replacement projects, at attractive long-term fixed interest rates and terms for New Jersey non-profit LPC – successfully navigating volatile financing conditions.

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HJ Sims 2nd Annual Private Wealth Management Summit

HJ Sims is pleased to announce our second annual Private Wealth Management Summit. The internal Summit will be hosted on June 19th through June 21st at The Boca Raton resort in Boca Raton, FL. The theme of this year’s Summit is alternative investments, a hot topic in private wealth management.

The Summit is an opportunity for HJ Sims financial professionals to gather for education, collaboration, inspiration and a little fun under the sun. As we continue to grow, it is important for advisors to stay on top of the pulse in the industry so they can share their knowledge and provide clients with their best service.

The Summit will feature education sessions on products, solutions and technology advancements from leaders in the alternative investment space — including Apollo Global Management, First Trust, PCS, Nexpoint, Skyway Capital Markets and Saybrus Insurance Strategies, WhiteHawk.

Thank you to our sponsors!

The information contained herein is subject to change without notice. Under no circumstances shall this constitute an offer to sell or solicitation of an offer to buy. Investments involve risk including the possible loss of principal. HJ Sims is a member of FINRA and SIPC, and is not affiliated with The Boca Raton, NexPoint, First Trust, Apollo, WhiteHawk, Saybrus, Skyway Capital Markets, or PCS.

Market Commentary: Who Wants This Job?

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All great leaders are defined by how they lead during times of uncertainty and danger. Right now, in the midst of great uncertainty over when or whether our leadership will come to agreement on a new debt limit and spending priorities, we are mostly going
easy on our elected officials. There are few cries for impeachment, no major civil unrest and no major recall elections underway despite high inflation, high interest rates, sky-high federal and household debt, rampant crime, and our grim outlook for the economy.

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Market Commentary: On the Brink Again

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We are near the peak of another debt ceiling drama, one that will keep the world on edge for several more weeks. In the back rooms and basements of federal buildings throughout Washington, away from the principals and cameras, the proverbial frenzy of negotiations is underway. History repeats itself again with a new cast.

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2023 LeadingAge New Jersey & Delaware Annual Meeting + Expo

HJ Sims is proud to be attending and presenting at the 2023 LeadingAge New Jersey & Delaware Annual Meeting + ExpoWe look forward to connecting. 

Education Session:

Planning the Future: For Those Who Don’t Own a Crystal Ball  
Thursday, June 22, 2023 | 9:45 am – 11:00 am 

Astronomical construction costs and disruptive supply chain issues are key factors delaying or effectively freezing many expansion initiatives and capital projects. Combine those with a focus on the historic labor shortage and lingering effects of the COVID Pandemic, and it is clear why so many senior living organizations have put plans on hold in order to weather the storm. For many organizations, these challenges may create an exciting opportunity to plan for the future. In this highly competitive and ever-changing market, realigning and repositioning assists is critical in order to sustain the organization longer term. 

This session will showcase two organizations in particular, who chose master planning at this precise time; even while other capital projects were already in progress. Presbyterian Senior Living (PSL) is a not-for-profit organization, providing retirement and senior care services for more than 90 years. Headquartered in Dillsburg, Pennsylvania, they provide comprehensive services and accommodations to more than 6,000 seniors in 30 locations across the mid-Atlantic region of Pennsylvania, Maryland, Ohio and Delaware. Focused on their campus in North-west Philadelphia, PSL sought an exercise that would clearly identify a plan for the future that would offer new housing types it hadn’t envisioned before. Parker Health System was founded more than 110 years ago, as a place where people could age in a home-like setting. Since then, Parker has led the way in aging services and has been committed to challenging, changing, and expanding the idea of what it means to grow older in America. Parker has been in planning mode for a number of years, focusing on enhancing and better aligning each of its campuses and now in the midst of an enterprise-wide effort, guided by the premise of heightening performance and outcomes. This session will offer insight on driving factors; mission, finances, personnel, leading to a clear path towards a sustainable future for the organizations and residents they serve. The panelists will outline and discuss key elements of the process including; identification of need and performance of an asset, allocation of resources and access to funding, reflection on mission, selection of a key professional partners, understanding of logistics and communication to residents and staff, and final evaluation.


  • James Bodine, Executive Vice President 
  • Steve Leone, Principal, Spiezle Architectural Group, Inc.
  • Dan Davis, President & CEO Presbyterian Senior Living
  • Pam Smith, Director of Business Development for Parker Life


Market Commentary: April Showers Bring… What Next?

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May has arrived with its extra hours of sunlight and the excitement of imminent graduations, reunions, weddings and summer vacations. The dark days of winter and muds of early spring are in the rearview mirror, with all around us looking green and bright. Well, not everything. We just got the taxes behind us, the school year is about to end, and it is prime time for enjoying baseball, basketball, hockey and the NFL draft. But, seemingly out of the blue, we have become seized by worry about our bank accounts now that we have seen three of the four largest bank failures in our history occur in the last two months. Our hopes for buying a new home have been dashed by mortgage rates that are right around the highs of 2003; the 30-year fixed rate is 6.98%. Our wish to sell our home is vexed by the limited pool of eligible buyers who have seen 134 straight months of home price increases.

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