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.

Market Roundup: Indices Eke Out Slight Gains for the Week

Indices closed in red territory on Monday as Technology brands sold off, dragging the Dow Jones Industrial Average down. The broader S&P 500 Index saw weakness in Energy and Telecommunications as well. The Dow rose to a new record close on Tuesday, with action dominated by corporate earnings. The S&P and NASDAQ shook off early choppiness and spent the trading session in positive territory. However, by the closing bell, both indices shed a portion of their daily highs, yet still closed with gains. Indices closed down on Wednesday. Many investors likely took advantage of elevated valuations, selling and recognizing profits. The day was also plagued with a string of disappointing earnings, creating one of the worst days for the market in several months. On Thursday, the Dow and S&P 500 Index traded into positive territory while the NASDAQ shed some points. In economic reports, initial jobless claims jumped up last week, as the Department of Labor reported new claims increased by 10,000 to 233,000, which was shy of an expected uptick to 235,000. Indices closed with gains on Friday, with Technology stocks among the leading advancers in the wake of favorable earnings details. Finally, consumer confidence ticked up in October as The University of Michigan’s index hit 100.7, up 5.6 points from a September reading, marking its highest level since January 2004.

Money Talks – October 21, 2017

This week on “Money Talks,” Research Analysts Nick Antonucci, CVA, and Jacob Keen are joined by Tax Manager Dan DiLuzio, C.P.A. They discuss the Consumer Price Index and Consumer Sentiment Survey from last week, Industrial Production, the Fed’s Beige Book, and Atlanta’s possibility of being chosen for Amazon’s second headquarters. Dan shares with the group how victims of disasters can claim a casualty loss on their tax returns. The experts also answer listeners’ questions on drug maker Teva Pharmaceuticals; banking and investment stocks Voya Financial, Legg Mason, and OneMain Holdings; technology giant IBM, and tax deductions for spousal support.

Market Roundup: Record Setting Week With Dow Closing Above 23,000

The major indices closed Monday’s trading session at new record heights. The optimism was led by Technology, Financial, and Energy sector stocks. The climb continued the next day as both the Dow Jones Industrial Average and S&P 500 index closed at new record levels. Several Healthcare sector stocks posted gains following the release of quarterly results, which boosted other stocks in the sector up on the news. In economic news, industrial production ramped up at a faster-than-expected rate in September. Federal Reserve figures show production increased by 0.3% last month to 104.6, versus an expected upswing of 0.2%, and up from a decline of 0.7% in August. Record levels were reached again on Wednesday with the Dow closing above 23,000 for the first time on a variety of economic news. The Federal Reserve’s Beige Book report, which covered activity in September through early October, showed modest or moderate expansion in all 12 districts. Thursday’s activity started weak, but ended nearly flat. In the weekly jobless claims report, initial claims for unemployment insurance continued to decline, falling 22,000 to 222,000 for the week ending October 14. Indices ended trading at new record levels on Friday, with the Dow and S&P 500 having posted six straight weeks of gains.