Money Talks – June 2, 2018

This week on “Money Talks,” Chief Investment Officer Troy Harmon, CFA, CVA, is joined by Tax Manager Dan DiLuzio, C.P.A., and Managing Associate D.J. Barker, CWS®, to discuss first-quarter earnings season, consumer confidence, and the second reading of first-quarter gross domestic product. Dan brings to the table a unique way to preserve our natural resources while getting a tax deduction with conservation easements. The experts also answer a variety of listeners’ questions, including those on biopharmaceutical company, Celgene, and technology company, Ciena Corporation. They also discuss Italy’s current debt crisis and buying municipal bonds over U.S. Treasury bonds.

Market Roundup: Markets Fractionally Higher in Holiday-Shortened Week

The U.S. markets were closed Monday in observance of Memorial Day, and Tuesday, the major indices slipped into the red zone amid political uncertainty in Italy and a drop in crude oil prices. In one of two consumer confidence readings, the Conference Board showed confidence climbed to 128 for May from 125.6 in April. Last Friday, the University of Michigan Consumer Sentiment Survey showed sentiment dipped 0.8 points to 98 for May. Stocks rebounded off Tuesday’s drop by mid-week, as Financials, Materials, and Energy sector stocks led the upswing. In a revised reading, real gross domestic product grew 2.2% in the first quarter, down from the 2.9% expansion in the fourth quarter and slightly shy of the 2.3% initially reported in the first quarter. Additionally, the Federal Reserve’s Beige Book showed moderate economic expansion across all districts from mid-April through early May. Thursday, stocks slipped on news the United States plans to impose steel tariffs on Europe, Canada, and Mexico. On another note, consumer spending increased 0.6% in April while personal incomes edged up 0.3%. Looking elsewhere, Department of Labor data showed initial jobless claims decreased last week, with first-time claims falling by 13,000 to 221,000. On Friday, stocks stepped up on stronger-than-anticipated monthly employment details. Department of Labor data showed the U.S. economy added 223,000 jobs in May versus expectations of 188,000. Unemployment dipped from 3.9% to 3.8%.

Money Talks – May 19, 2018

This week on “Money Talks,” John Dickson, C.P.A., CVA, CFP®, joins Troy Harmon, CFA, CVA, and K.C. Smith, CFP®, to discuss the previous week’s University of Michigan Consumer Sentiment Survey as well as this week’s Retail Sales and Industrial Production. John shares with the hosts some unique tax opportunities for Georgia residents: Georgia Film Credits and Georgia’s Rural Hospital Tax Credit. He explains the benefits of applying for tax credits and how the Rural Hospital Tax Credit can also qualify for a charitable deduction on your federal return. The experts also answer listeners’ question on putting your parent’s house in your name, stocks T-Mobile and AES Corp., and municipal bonds. They also delve into bitcoin and crypto currency and debate on what makes them disruptive.

Case Study: Direct Your State Taxes to Rural Hospitals and Receive a Charitable Donation Deduction

Tax Manager John Dickson, C.P.A., CVA, CFP®, joins Troy Harmon, CFA, CVA, and K.C. Smith, CFP®, to share some unique tax opportunities for Georgia residents: Georgia Film Credits and Georgia’s Rural Hospital Tax Credit. He explains the benefits of applying for tax credits and how the Rural Hospital Tax Credit can also qualify for a charitable deduction on your federal return.

Market Roundup: Moderate Trading as Investors Moved Away from Stocks

The Dow Jones Industrial Average kicked off the week with its eighth consecutive day of gains as trade tensions between the United States and China have eased. Both the S&P 500 Index and the NASDAQ Composite also posted gains. The ease was short-lived as Stocks slipped amid trade, growth, and geopolitical stress, closing in the red on Tuesday. Healthcare and Technology brands led the retreat. Stocks stepped up amid a variety of economic news on Wednesday, as industrial production gained 0.7% in April, marking the third consecutive monthly increase. The uptick in March was also revised higher. Meanwhile, housing starts decreased by 3.7% in April, although single-family starts were 0.1% ahead of March’s number and they are up by 10.5% from April 2017. Stocks dipped again on Thursday, while initial jobless claims increased for the week ended May 12. The Department of Labor report showed new claims climbed by 11,000 to 222,000. Indices ended mixed on Friday with the Dow closing slightly in the green. The S&P 500 and NASDAQ traded fractionally lower, weighed down by Energy and Financial sector stocks. For the week, both the Dow and S&P 500 closed the week lower, about 0.5%, while the Nasdaq fell a bit more.

Money Talks – May 12, 2018

This week on “Money Talks,” Chief Investment Officer Troy Harmon, CFA, CVA, is joined by Managing Associate Shawna Theriault, C.P.A., CFP®, CDFA®, and Senior Associate Jarrett McKenzie, CFP®, CWS®, to discuss the April employment situation, the Producer Price Index, the Consumer Price Index and wholesale trade. They also delve into geopolitical tensions with North Korea and China. Shawna and Jarrett talk about a common question for most investors, “How much life insurance should I have?” The planners’ conversation covers how life insurance protects the financial plan and can help ensure goals are met even if something unfortunate should happen. The experts also answer listeners’ questions on Ross Stores, and how one 401(k) beneficiary can and cannot share her windfall with her siblings.

Case Study: The Need for Life Insurance Is as Unique as Your Financial Plan

Managing Associate Shawna Theriault, C.P.A., CFP®, CDFA®, and Senior Associate Jarrett McKenzie, CFP®, CWS®, join Chief Investment Officer Troy Harmon, CFA, CVA, to talk about a common question for most investors, “How much life insurance should I have?” The planners’ conversation covers how life insurance protects the financial plan and can help ensure goals are met even if something unfortunate should happen.