Money Talks – July 8, 2017

This week on “Money Talks,” Troy Harmon, CFA, CVA, is joined by Managing Associate K.C. Smith, CFP®, and Senior Associate, Jarrett McKenzie, CFP®, CWS®, to discuss the week’s market moves, year-to-date sector performance, Consumer Sentiment, Factory Orders, minutes from the last Federal Open Market Committee meeting, and the ISM Non-manufacturing Index. Jarrett and K.C. bring a discussion to the table about mid-year financial reviews, and how investors can benefit from a financial checkup this summer. The experts also address listeners’ questions on Expedia, Mueller Industries, Hillenbrand Inc., and provide some financial advice for a young man entering the work force.

Market Roundup: U.S. Markets End Holiday-Shortened Week in Green Zone

Monday’s trading was light ahead of the Independence Day holiday, which had U.S. markets closed on Tuesday. On Wednesday, the market learned U.S. Factory orders took another step back in May, losing 0.8%, exceeding consensus’ expectations. Stocks ended last week higher, despite falling energy shares. The price of crude oil closed at $44.30 per barrel, down from the prior week’s closing price of $46.33 per barrel, which contributed to the decline. Midweek the Federal Reserve released its minutes from the June meeting, which showed the Fed has a plan to reduce the size of its balance sheet, but lacks a consensus on when to begin the process. On Thursday, the ISM Non-Manufacturing Index showed that the services segment of the economy unexpectedly improved in June. The index rose from 56.9 in May to 57.4 for June, exceeding the forecast of 56.7. Expansion in the non-manufacturing sector occurred in business activity, new orders, and prices. Employment grew in the non-manufacturing sector, but at a slower pace compared to May. Both the Dow Jones Industrial Average and the S&P 500 Index closed in the green zone on Friday on the heels of June’s strong labor report, as 222,000 new jobs were added during the month. This reading was well above the 152,000 new jobs added in May. The unemployment rate inched up 0.1 percentage point to 4.4%.

Money Talks – July 1, 2017

This week on “Money Talks,” Troy Harmon, CFA, CVA, is joined by Managing Associate K.C. Smith, CFP®, and Senior Associate Jarrett McKenzie, CFP®, CWS®, to discuss housing news, durable goods and consumer confidence, as well as the final revision of first quarter GDP. In this week’s case study, the experts discuss the use of trusts to control your wealth from beyond the grave. They cover the possibilities as well as the drawbacks to doing so. The hosts round out the show by answering listeners’ questions on Amazon’s purchase of Whole Foods; Omega Healthcare Investors and evaluating REITs; Blue Apron’s IPO, and IRA Rollovers.

Market Roundup: Down Week for Stocks as Tech Sector Stumbles

Investors turned to more defensive stocks like utility companies and other dividend-paying shares, which led the S&P 500 Index to slight gains on Monday. Technology shares led Tuesday’s downswing as the Dow Jones Industrial Average and the S&P 500 saw their biggest daily declines in more than a month. In economic news, the Conference Board showed consumer sentiment increased in June despite an expected dip from analysts. By mid-week, Financial and Technology shares rebounded to lead the rally as the NASDAQ Composite posted its biggest jump since November. Thursday saw Technology stumble again, dragging down the major indices. Indices closed Friday’s session with mixed moves, as the Dow and S&P 500 tacked on some points while the NASDAQ ended trading fractionally in the red zone. In economic news, personal income growth ticked up in May. Consumer income increased 0.4% last month from a downwardly revised 0.3% gain in April. The result exceeded the forecast for a 0.1% uptick. Elsewhere, a final reading of The University of Michigan Consumer Sentiment Survey for June showed a two-point dip to 95.1, slightly better than the preliminary reading from earlier this month.

Money Talks – June 24, 2017

This week on “Money Talks” insurance expert Jim Crone, CFS®, CLU®, joins anchor hosts Bil Lako, CFP®, and Troy Harmon, CFA, CVA, to discuss Uber’s CEO stepping down, oil prices, and investors’ desire to get into the market when it is at such a high level. Jim brings to the table a look at a couple’s decision on long-term care coverage. He explores how their financial plan can show whether they can afford to self-insure and other options aside from traditional long-term care policies. The experts wrap up the show with listeners’ questions on socially responsible investing, disability insurance riders, and Genworth’s potential sale to China Oceanwide.