What's New in Our Blog
- Market Minutes for the week of September 19th 09/23/16Market Minutes for the week of September 19th: “Opportunities are never lost. Someone will take the ones you miss” — Andy Rooney According to a survey of corporate CEO’s from the Business Roundtable, they are somewhat downbeat on the economic growth outlook. The group sees the economy continuing to be stuck in neutral leading to lower sales and reduced capital spending. Caterpillar CEO Doug Oberhelman: “The continued lack of action on an aggressive pro-growth policy agenda that includes tax reform, trade expansion and a smarter approach to federal regulation contributes to an economy that continues to perform below its potential.” Eagle-eyed First Trust Economist Brian Wesbury, does not expect a recession any time soon. By the middle of 2017? Maybe. According to Brian, one of the best signals of an impending recession has been medium and heavy truck sales. In the past fifty years, any time sales have dropped substantially Read more...
- Market Minutes for the week of September 12th 09/16/16Market Minutes for the week of September 12th: “To live is the rarest thing in the world. Most people exist, that is all.” – Oscar Wilde What’s wrong with the stock market all of a sudden? After a summer of calm, volatility is back in a big way. Here is what is bothering investors: 1.) A fear that the Fed will soon raise short-term rates into a lackluster economic recovery. If our central bank raises rates while others don’t, the dollar could strengthen and damage demand for U.S. exports. 2.) Is the much anticipated “bond bubble” about to burst? Long bond rates in Japan and Germany have suddenly risen, which in turn has caused our 10-year Treasury bond to go from 1.53% to 1.73% in less than a week. When this happens in a slow growing economy, stocks sell-off fearing weaker profits in the future. 3.) The stock market earlier Read more...
- Market Minutes for the week of August 22nd 08/26/16Market Minutes for the week of August 22nd: “I’ve learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.” – Maya Angelou In a speech today at the annual Jackson Hole symposium, Fed Chair Janet Yellen said that the “case for an increase in the federal funds rate has strengthened in recent months.” Does this mean as early as September? Possibly if the trends in the labor markets remain strong. Next week’s employment report will be an important one for the Fed. The Chicago Fed’s national economic activity index climbs to a 12-month high. The index rose 0.27% in July vs a gain of 0.05% in June. The Commerce Department reported that durable goods orders (U.S. non-defense, excluding aircraft) rose 4.4% in July. It is the largest gain since January and followed a revised 0.5% rise Read more...
- Market Minutes for the week of August 15th 08/19/16Market Minutes for the week of August 15th: “Don’t cry because it’s over, smile because it happened.” – Dr. Seuss The Atlanta Fed updates its quarterly estimate of GDP as the numbers come in and thus gives us an interesting point in time view of the economy’s activity during the quarter. Last week the Atlanta Fed upped its forecast for real GDP growth in the 3rd quarter to 3.8%. The July Leading Economic Indicators Index rose by 0.4% to 124.2 after rising 0.3% in June. Hmmm. The Philadelphia Fed reports that its current August business activity index rose to 2.0 from a -2.9 in July. The Commerce Department reports that retail sales in July were flat at 0.00% vs 0.8% in June. Core sales declined by 0.3% vs +0.9% in June. Vehicle sales rebounded by 1.1%. Furniture sales rose as well but the real strength remained in online retailing where Read more...
When: October 18, 2016 5:00 PM Where: Cheyenne Village
“Starting To Design / Taking Stock” - In this Building Block, you will take your vision of the future and turn it into an actionable plan for your financial and legal life. The workshop is free but registration is required.
The World Is Flat and Only Ivy League Colleges Are Good: Myth, Reality, and Wisdom in College PlanningWhen: October 20, 2016 6:30 PM Where: El Paso Club
Join us for this exclusive College Planning workshop with nationally recognized education consultant Dr. Steven Antonoff. The workshop is free but registration is required.
It is Our Mission to protect and enhance our client's financial well-being. It is Our Tradition to build a bright, highly professional team that is dedicated to sound financial judgment, strong family values and the ability to daily care for our clients, our staff, our families, and our community.