FED FRIDAY® (FF) is an economic outlook and risk management forum sponsored by Mulvihill Asset Management, LLC® ("MAM"). FF is a registered continuing education sponsor. MAM is a Registered Investment Adviser (RIA) located in Richardson, Texas. Registration of an Investment Advisor does not imply any level of skill or training. The oral and written communications of an Advisor provide you with information which you may use to evaluate or retain an advisor. MAM may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements. The FF website may contain information about meetings, and general economic and market comments, and information about MAM. MAM’s web site is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, MAM’s web site on the Internet should not be construed by any individual as a solicitation to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Any subsequent, direct communication by MAM representatives with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For information pertaining to the registration status of MAM, please contact the state securities regulators for those states in which MAM maintains a notice filing. A copy of MAM’s current ADV Part II is available from MAM upon request. Past performance may not be indicative of future results. Therefore, no individual should assume that future performance of any specific investment strategy will be profitable or equal the corresponding indicated performance level. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will either be suitable or profitable for an individual’s investment portfolio. No portion of the FF or MAM websites content or links should be interpreted as investment, legal, accounting or tax advice.