The week began on a mixed note with the Dow Jones Industrial Average gaining while the S&P 500 index was off a few points. Indices closed in the red zone on Tuesday, when early market momentum faded during afternoon trading. In economic news, the Census Bureau reported that the international trade deficit increased $3.8 billion to $48.7 billion in October over September.
Chief Investment Officer, Troy Harmon, CFA, CVA, and Research Analyst, Nick Antonucci, CVA, discuss how the market fared in November and take a look ahead at December, focusing on tax reform, a possible interest rate hike from the Federal Reserve, and our economic outlook as we wrap up the year. hensslervideo_personal_finance
The indices kicked off the week with mixed action as the Dow Jones Industrial Average posted gains while the S&P 500 Index and NASDAQ dipped on a variety of economic news. New-home sales ticked up in October with sales rising 6.2% from the revised September rate and increased 18.7% from October 2016. New record levels were hit on Tuesday, as stocks stepped up on progress in the GOP tax bill.
In today’s Marietta Daily Journal, Bil Lako, CFP®, provides his opinions on if it is time to get out of the market and go to cash. Spoiler Alert: The market’s fundamentals are solid.
Bil Lako, CFP® explains that you actually want to owe a lot of tax on your investment portfolio because that means you’re making a lot of money.
Principal Jennifer Thomas, CFP®, and Managing Associate K.C. Smith, CFP®, join Chief Investment Officer Troy Harmon, CFA, CVA, to discuss investors who hold on to a concentrated stock position because they don’t want to pay taxes on the gains. They look at General Electric as a current example, and how a concentrated position can be detrimental to your overall portfolio.
Last week was a mixed bag of returns as the Large Caps of the Dow Jones Industrial Average and S&P 500 lost value for a second consecutive week, while the tech-heavy NASDAQ posted gains. The market kicked off the week Monday with slight gains led by Consumer Discretionary sector stocks on a variety of economic news and strong sales numbers. Indices ended the trading day in red territory on Tuesday.
Indices landed in new record territory on Monday, as Energy stocks ramped up on an increase in crude oil prices. West Texas Intermediate crude gained 3.1% to settle at $57.35 a barrel. The S&P 500 Index’s five-day winning streak was snapped Tuesday, slipping less than 0.1% for the day. The tech-heavy NASDAQ also fell while the Dow Jones Industrial Average gained nearly 0.1%.
Chief Investment Officer, Troy Harmon, CFA, CVA, and Research Analyst, Nick Antonucci, CVA, discuss the latest on the economy including consumer sentiment; current stock valuations, economic fundamentals, and actions from The Fed.
The benchmark indices were mixed last week as large caps and tech stocks performed well, while small caps took quite a hit. The S&P 500 closed the week posting gains for the eighth straight week. The market kicked off the week with lackluster performance as the major indices closed in the red zone on Monday. One bright spot was an economic report that showed personal income ticked up in September.
