Money Talks – September 17, 2016

This week on “Money Talks,” Troy Harmon, CFA, CVA, is joined by Managing Associates D.J. Barker, CWS®, and K.C. Smith, CFP®, to discuss the week’s economic news, including the Producer Price Index, Retail Sales and Industrial Production. The experts also discuss a listener’s concern about how to invest given the upcoming presidential election—should you alter your portfolio for the outcome? The hosts round out the show answering listeners’ stock questions on Elbit Systems, Energy Transfer Partners, CYS Investments and The Buckle. They also cover advice for teaching your children about money and rolling a 401(k) from a previous employer to a Roth IRA.

Market Roundup: Markets End Week Up, Despite Return to Volatile Trading

The markets kicked off the week closing well into the green zone on Monday. Many stocks rebounded from Friday’s downswing on Federal Reserve comments. In a speech on Monday in Chicago, Fed Governor Lael Brainard cautioned prudence in raising interest rates. Indices closed lower on Tuesday with Energy stocks retreating amid a drop in crude oil. West Texas Intermediate crude dipped 3% to settle at $44.90 a barrel. Additionally, the International Energy Agency reduced its demand estimates by 100,000 barrels a day for this year and by 200,000 daily barrels in 2017. The trading session closed with mixed moves on Wednesday, as the Dow Jones Industrial Average and S&P 500 shed some points while the NASDAQ added slight gains. West Texas Intermediate crude oil fell by 2.9% to settle at $43.58 a barrel. On Thursday, volatility returned to stocks after a relatively flat summer, after spending 43 trading days without a 1% move. Thursday’s 1% gain for the S&P 500 marked the fourth session out of five in which the index swung 1% or more. Financial and energy companies dragged down U.S. stocks on Friday with the three major indices falling. For the week all three indices posted weekly gains with the NASDAQ experiencing its biggest weekly jump since July.