What's New in Our Blog
- 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 Seuss The Atlanta Fed updates its quarterly estimate of GDP as the numbers come in and thus gives us an interesting point in time view of the economy’s activity during the quarter.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...
- Blueprints: ABLE Act Accounts – Up and running in three states 08/09/16The world changed this year for individuals with developmental disabilities. For the first time since the legislation that created Supplemental Security Income in 1972, individuals with developmental disabilities will be able to have an investment account that they can control that can hold more than $2,000 without disrupting benefits. Three states have made it possible for individuals to have ABLE Act accounts. More are sure to follow soon. Nebraska, Tennessee and Ohio are the first three to offer ABLE accounts. Legislation says that you have to use the state plan where the account owner resides, unless that state does not offer a plan. So if you live in Colorado, you can use any of the three plans available right now. Colorado, where I live, is working on getting their ABLE plan up and running soon. These accounts represent a big step towards a greater degree of independence for people with Read more...
- Market Minutes for the week of August 1st 08/05/16Market Minutes for the week of August 1st: “I want to stay as close to the edge as I can without going over. Out on the edge, you see all kinds of things you can’t see from the center.” – Kurt Vonnegut Peter Boockvar: “The U.S. economy grew just 1.2% in the second quarter in real terms and 3.4% in nominal terms. Analysts had expected 2.5% real growth and 4.4% in nominal terms. The Commerce Department also revised first-quarter GDP growth down to just 0.8% from a previous +1.1% reading. Personal spending rebounded to a 4.2% gain from +1.6% in the first quarter … The gains stemmed from increased spending on both goods and services. However, private investment was the real drag [on GDP], falling almost 10% and taking 170 basis points from GDP. Within the private-investment sector, commercial-real-estate construction fell 7.9% and residential real estate construction fell 6%. Equipment Read more...
When: September 07, 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.
When: September 20, 2016 5:00 PM Where: Cheyenne Village
“Dreaming About Your Future” - In this Building Block, you will create a vision of your future — and get the tools you need to start the planning process. The workshop is free but registration is required.
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