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- Market Minutes for the week of April 18th 04/22/16Market Minutes for the week of April 18th: “Bad dreams are more likely the result of strong cheeses than suppressed guilt” – David Brown U.S. industrial production fell by 0.6% in March after falling by the same amount in February. Weakness in mining, machinery, and oil and gas are most certainly the main culprits but a slowdown in automobile production may be at hand. Initial jobless claims fell by another 6,000 last week, dropping even lower into the lowest levels since 1973. The bottom line is that outside of manufacturing and oil and gas, layoffs remain modest. As the labor market continues to tighten, employers are holding on to the employees they’ve got. The Index of Leading Economic Indicators rose by 0.2% in March. The LEI is a closely followed barometer of economic health and includes components such as manufacturing new orders, stock prices and average weekly initial claims for Read more...
- Women and Investing: Breaking Up Is Hard To Do 04/19/16You may have noticed that more of your age 50 and older friends are divorcing. It’s not just your circle of friends, research shows that greater numbers of such couples are seeking divorce resulting in the fact that “gray” divorce has doubled since 1990, according to Investment News. This has occurred even though the U. S. divorce rate has stayed stable. So why do I raise this issue? Because it often has significantly negative ramifications for the couple’s retirement resources and resulting security when they complete their work lives. Ironically this is occurring among the older population while fewer seniors are considered to be living in poverty, largely due to social security income. But, poverty levels can vary by marital status. A study entitled “Marital Biography, Social Security and Poverty” and authored by I-Fen Lin, Susan Brown and Anna Hammersmith indicates that the share of baby boomers living in poverty Read more...
- Market Minutes for the week of April 11th 04/15/16Market Minutes for the week of April 11th: “Do or do not, there is no try.” – Yoda Jim Paulsen, chief investment strategist at Wells Capital Management sees signs of a global economic lift, “Yesterday’s unemployment claims number, another strong jobs report, if that continues, those wage numbers are going to go up. If you look at economic surprise indices, they’re rising in the last few months almost everywhere except Japan. Euro zone, the emerging markets, China, Great Britain, here, Canada.” According to the Fed’s Beige Book, economic activity rose across most of its districts in March. Growth in demand for nonfinancial services picked up to a moderate pace. As for manufacturing, only the Cleveland and Kansas City districts reported declines in activity. The Empire state manufacturing survey came in at +9.56 in April. The consensus estimate was for +3.0 and last month’s reading was +0.62. Quite an improvement. The Read more...
- Market Minutes for the week of April 4th 04/08/16Market Minutes for the week of April 4th: “The world is not fair, and often fools, cowards, liars and the selfish hide in high places.” – Bryant H. McGill. There is an innocent-looking, green-trimmed, white, five-story building in the Cayman Islands: the Ugland House office on South Church Street. “The unassuming but appropriately named Ugland House is currently the home of over 18,500 corporate entities that reside there for the express purpose of avoiding U.S. taxes. It houses hedge funds and other partnerships as well as some of the largest U.S. corporations…”, explains Doug Kass. All of which benefit from the 0.0% tax rate of the Cayman Islands. U.S. manufacturers expanded the pace of activity in March, ending a five-month streak of declining factory activity. The Institute for Supply Management (ISM) said that its manufacturing index rose to 51.8 in March from 49.5 in February…..a very strong move. The Institute for Read more...
When: May 24, 2016 4:00 PM Where: MacKenzie's Chop House
Join Cascade Investment Advisor Jan Weiland for this empowering and educational gathering that helps women expand their financial literacy and enjoy a more active role in investing. The event is free, but registration is required.
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