Money Talks – July 15, 2017

This week on “Money Talks,” Roger Tutterow, Ph.D., Kennesaw State University professor of Economics and Henssler’s Chief Economic Adviser, joins Bil Lako, CFP®, and Troy Harmon, CFA, CVA to discuss U.S. employment, Wholesale Trade and the Producer Price Index. Roger also leads a discussion on the economy including the Fed’s decision to reduce their balance sheet, long-term interest rates, housing and how the unwinding of quantitative easing may affect the global economy.

Market Roundup: Both the Dow and S&P 500 Reach Record Highs

While the Large-Cap indices reached new highs during the week, the tech-heavy NASDAQ had the best week, climbing more than 2.50%. The major indices closed with mixed moves on Monday, as the Dow Jones Industrial Average ended fractionally in the red zone, and the S&P 500 Index and NASDAQ posted gains. Technology sector stocks led the rally. The markets experienced mixed moves on Tuesday with the Dow and NASDAQ closing higher while the S&P 500 ended slightly down. Crude oil climbed 1.4% to settle at $45.04 a barrel after the Energy Information Administration cut its price forecasts over the next two years. Midweek, Federal Reserve Chairwoman Janet Yellen addressed a slowdown in inflation, which resulted in a rally in both stocks and bonds. The rally continued Thursday with the Dow closing at a new record level. Retail store stocks jumped up on optimistic earnings from several well-known brands, despite reports that retail sales fell 0.2% in June, indicating consumers have apparently curtailed their spending. On another note, the Department of Labor reported that initial jobless claims fell by 3,000 to 247,000 for the week ending July 7. The Dow traded up, setting another new record level on Friday. In earnings moves, several large bank stocks reported stronger-than-anticipated quarterly results. Finally, in a preliminary reading from the University of Michigan, the Consumer Sentiment index dipped to 93.1 for July from 95.1 in June.

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.