Money Talks – November 11, 2017

This week on “Money Talks,” Troy Harmon, CFA, CVA, is joined by Managing Associate D.J. Barker, CWS®, and Senior Associate Jarrett McKenzie, CFP®, CWS®, to discuss the breather the market took this week from the steady rally of the past month. They discuss why the market looks expensive and what investors can do for their portfolios. D.J. and Jarrett discuss a common financial planning situation where a family is concerned about protecting assets from an heir’s future ex-spouse. The experts round out the show answering listener questions on injecting money into the economy; tax loss selling Under Armour, Kroger, and Allergan; and an investor who wants to pause on his retirement savings.

Market Roundup: Run of Consecutive Weekly Positive Returns Ends

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%. Small gains on Wednesday led to record highs for the three major indices, as a jump among technology brands bolstered a dip in financials. A bit of a breather came on Thursday when Technology brands traded lower. In economic releases, the Department of Labor showed new jobless claims increased by 10,000 to 239,000, missing expectations. Trading was mixed on Friday with the Dow and S&P 500 closing in the red zone while the NASDAQ ticked up slightly. Consumer confidence is on the wane for November according to the University of Michigan’s consumer sentiment index. The index reading slipped 2.9 points to 97.8 versus expectations of 100.9. Trepidation over proposed tax reform took a toll on large caps during the week, ending what had been a run of consecutive weekly positive returns.

Money Talks – November 4, 2017

This week on “Money Talks,” Troy Harmon, CFA, CVA, is joined by fellow Research Analyst Nick Antonucci, CVA, and Managing Associate Shawna Theriault, CPA, CFP ®, CDFA ®, to discuss the week’s market movements, sector analysis, and economic releases including consumer confidence, housing news, and the ISM Manufacturing index. Shawna shares some advice for families when it comes to planning for incapacity, whether it be for aging parents who can no longer take care of themselves, or an accident that leaves you unable to make financial or health decisions for yourself. The experts address a variety of listener questions including the run up of the Financials sector, IRA rollovers, bond ladders, and electronic accessories company Zagg, Inc.

Case Study: Even Married Couples Need to Discuss Power of Attorney

This week, Managing Associate Shawna Theriault, CPA, CFP®, CDFA®, joins Chief Financial Officer Troy Harmon, CFA, CVA, and Research Analyst Nick Antonucci, CVA, to share some advice for families when it comes to planning for incapacity, whether it be for aging parents who can no longer take care of themselves, or an accident that leaves you unable to make financial or health decisions for yourself.

Market Roundup: Slight Gains for Large Caps, Buoyed by Earnings and Economic Reports

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. Nominal income edged up 0.4% last month versus a 0.2% increase in August, and exceeded expectations of a 0.2% jump. Corporate earnings releases boosted the market on Tuesday with Consumer Discretionary, Energy and Technology sectors showing leadership. Consumer confidence reached its highest level in almost 17 years in October, according to The Conference Board’s Consumer Confidence Survey. Boosted by what is perceived as a strong jobs market and improving business conditions, consumers expressed confidence in the present economy while expecting it to improve in the near term. Midweek, the indices closed mixed with the Dow Jones Industrial Average and S&P 500 Index stepping up while the NASDAQ shed points. Moves were mixed in the wake of comments from the Federal Open Market Committee’s two-day meeting. The Fed left interest rates unchanged at 1% to 1.25%, but said it would consider lifting them before year’s end on signs the economy was gaining momentum. Additionally, the president nominated a new chairman of the central bank to succeed Janet Yellen. Friday was dominated by economic reports the Purchasing Managers’ Index and the ISM Non-Manufacturing Survey. PMI registered 54.6 in October, up from 53.1 in September, while the services sector grew in October, registering 60.1, which is the highest reading since the index debut in 2008.

Money Talks – October 28, 2017

This week on “Money Talks,” Chief Investment Officer Troy Harmon, CFA, CVA, is joined by Principal Jennifer Thomas, CFP,®, and Managing Associate K.C. Smith, CFP®, to discuss sector performance for the week, the quarter and the year, and market valuations, and how they relate to the fundamentals of the economy. K.C. brings a discussion on the importance of disability insurance for families with an emphasis on those who are self-employed. The experts round out the show answering a variety of listener questions, including some on Jones Lang LaSalle, publicly traded companies run by women, Medicare part C, and more.