Money Talks – August 26, 2017

This week on “Money Talks,” Bil Lako, CFP®, and Troy Harmon, CFA, CVA, are joined by Senior Associate Jarrett McKenzie, CFP®, CWS®, to discuss the week’s market performance, Consumer Sentiment for August, and housing news. They also delve into the inaction we’ve seen from Washington, D.C. and how an investor should react. Jarrett brings to the table a discussion on Private College 529 Plan as an alternative to state-sponsored education savings plans. He discusses the features and provides advice for those interested in sending their child to a private college. The experts round out the show addressing listeners’ questions on Facebook, establishing an IRA or Roth IRA as a young professional and combining multiple 401(k) accounts from previous employers.

Market Roundup: Stocks Notch First Weekly

The U.S. indices closed mixed on Monday, as both the Dow Jones Industrial Average and S&P 500 Index added slight gains, while the NASDAQ shed some points. Financial and technology brands led decliners. Those moves reversed the next day as Technology companies led a broad upswing in stocks, likely because investors scooped up shares following the recent declines. The market fell Wednesday as political turbulence and disappointing earnings weighed on stocks in a quiet trading session. Crude oil prices ticked up amid a smaller-than-expected decrease in inventories. Energy Information Administration figures showed reserves fell by 3.3 million barrels in the past week versus expectations of a decline of 3.5 million barrels. The decline continued Thursday as stocks dipped on a variety of economic news. Existing home sales decreased in July. National Association of Realtors data showed home resales slipped by 1.3% last month to an annual rate of 5.44 million, versus expectations of a 0.9% increase. Looking elsewhere, initial jobless claims ticked up last week, as the Department of Labor showed new claims increased by 2,000 to 234,000. Indices ended trading with mixed moves on Friday with the Dow and S&P 500 posting gains while the NASDAQ was down. In economic news, orders for durable goods dipped in July. Orders for products designed to last three years or more decreased 6.8% last month, following a 6.4% increase in June.

Money Talks – August 19, 2017

This week on “Money Talks,” hosts Nick Antonucci, CVA, K.C. Smith, CFP®, and D.J. Barker, CWS®, discuss the market’s volatility, inflation and interest rates. Managing Associates K.C. and D.J. discuss the many financial planning areas families need to review when expanding their family with a new baby. The hosts round out the show answering listeners’ questions on the trade deficit, prime money market funds, Procter & Gamble’s proxy vote and the future of Netflix.

Market Roundup: Domestic Conflicts Heighten Investors’ Concerns

The U.S. stock indices kicked off the week with gains on Monday as investors took advantage of recent market downswings. The S&P 500 Index posted its biggest one-day gain since April. The following day, the indices closed mixed along the flat line. The Dow Jones Industrial Average ended in the green zone while the S&P 500 and NASDAQ closed fractionally in the red. Retail sales increased in July, with sales ticking up 0.6% versus expectations of a 0.4% jump. Stocks climbed Wednesday supported by a bounce-back in shares of retailers. The minutes from the Federal Open Market Committee’s July meeting were released and signaled that the unwinding of the balance sheet could occur in September. Indices closed well into the red zone on Thursday. The S&P slipped with Technology shares leading the decline, while the Dow lagged on a drop in retailers. On another note, the Department of Labor showed new jobless claims fell by 12,000 to 232,000, versus an expected drop to 240,000, from a reading of 244,000 in the previous week. The markets closed in the red zone on Friday as stocks traded lower amid “D.C. drama,” as President Trump dissolved two advisory forums comprised of top U.S. CEOs. Looking elsewhere, consumer confidence is up this month, as the University of Michigan Consumer Sentiment Survey’s preliminary reading for August showed confidence jumped 4.2 points to 97.6.

Money Talks – August 12, 2017

This week on “Money Talks”  Research Analyst Nick Antonucci, CVA, Managing Associate K.C. Smith, CFP®, and Senior Associate Jarrett McKenzie, CFP®, CWS®, are at the helm to talk about the week’s volatile movements, Productivity and Costs, Wholesale Trade and Factory Orders. The hosts also cover a financial planning situation about grandparents who want to help fund college education savings. They cover the benefits for both 529 Plans and Roth IRAs. The experts round out the show answering listeners’ questions on drug maker Pfizer, having a financial adviser manage a 401(k) Rollover, co-signing on loans, and Capital One Financial.