Money Talks – December 3, 2016

This week on “Money Talks,” Troy Harmon, CFA, CVA, is joined by Principal Jennifer J. Thomas, CFP®, and Managing Associate, Shawna Theriault, CFP®, C.P.A., to discuss third quarter gross domestic product, the Conference Board Consumer Confidence Index, the Fed’s Beige Book and the ISM Manufacturing Index. Shawna and Jennifer discuss the options available for meaningful charitable giving, including establishing charitable trusts, family foundations and donor advised funds. The hosts also address a variety of listener questions, including stocks Holly Frontier Corp. and Union Pacific Corp. Jennifer and Shawna address questions on the tax liability for nonqualified stock options, talking to elderly parents about their finances and examining the fees a financial planner charges for services.

Market Roundup: Week of Mixed Moves on Growing GDP and Cut in Oil Production

Indices kicked off the week closing in red territory on Monday as investors swept profits off the table in light of recent gains. Stocks stepped up on Tuesday amid a variety of economic news. The second estimate of third-quarter GDP showed the economy grew at a 3.2% pace, which exceeded the preliminary estimate of 2.9% growth. Additionally, consumer confidence ticked up in November. Conference Board data showed sentiment rose to 107.1 from 98.6 in October, exceeding expectations of 101.2. The markets ended trading with mixed results on Wednesday. The Dow Jones Industrial Average closed to the positive side while the S&P 500 Index and NASDAQ shed some points. Energy brands led advancers on news of an Organization of the Petroleum Exporting Countries (OPEC) deal to reduce output. OPEC agreed to cut production by 1.2 million barrels per day, or about 4.5% of current production. Crude oil ticked up on the news. In economic news, the Chicago PMI hit 57.6 in November, well beyond an October reading of 50.6. Also, the Fed’s Beige Book report showed moderate economic growth in most regions of the country. On Thursday, the Dow rose 51 points, marking its biggest monthly gain in November since March while the S&P and NASDAQ were relatively flat. The S&P 500 eked out a slight gain Friday, but posted its first weekly decline since the election. Friday’s jobs report showed unemployment falling to its lowest level in nine years in November; however, this did little to affect overall performance as the Dow fell 0.1% for the day, but held onto a 0.1% gain for the week. The S&P and the NASDAQ posted weekly declines for the first time since the week ended Nov. 4.

Money Talks – November 19, 2016

This week on “Money Talks” Tax Manager Dan DiLuzio, C.P.A., joins Research Analysts Nick Antonucci and Jacob Keen, and Managing Associate K.C. Smith, CFP®, to discuss November consumer sentiment, retail sales, the Producer Price and Consumer Price indices, industrial production and interest rates. Dan leads the group in a case study discussion about year-end tax moves for individuals and businesses, some of the notable changes for the 2017 tax season and some of President-elect Trump’s proposed tax law changes. The experts also answer listeners’ questions on Compass Minerals International, Kelly Services Inc., matured savings bonds, ProShares Ultra NASDAQ Biotechnology ETF and talking to your parents about their finances.

Market Roundup: Positive Week on a Variety of Economic Releases

The markets started the week relatively flat, but by Tuesday, stocks began to climb as blue-chip energy brands led the way up on a jump in crude oil prices. The Retail Sales report released showed sales exceeded expectations in October, with sales increasing by 0.8%, up from 0.6% in September, and beyond an expected 0.6% uptick. Indices closed with mixed moves on Wednesday, with both the Dow Jones Industrial Average and the S&P 500 Index ending in the red zone, while the NASDAQ added some points. Financial brands pared recent gains while technology stocks rebounded. In economic releases, the Energy Information Administration numbers showed an addition of 5.3 million barrels in the last week versus expectations of 1.5 million barrels, which resulted in a slip in West Texas Intermediate Crude prices. According to the latest report from the Federal Reserve, Industrial Production remained unchanged in October after decreasing 0.2% in September. Looking elsewhere, the U.S. Producer Price Index remained unchanged in October versus an expected increase of 0.3%. The markets closed with gains on Thursday thanks to a variety of economic news. Initial jobless claims decreased, with new claims falling by 19,000 to 235,000, marking a 43-year low. . Labor Department data showed the Consumer Price Index ticked up in October, as headline CPI climbed by 0.4% versus a forecast for a 0.3% gain. The core CPI, which excludes food and energy, rose 0.1%. Markets closed in the red zone on Friday with blue chips trading lower amid mixed earnings results.

Money Talks – November 12, 2016

This week on “Money Talks,” Troy Harmon, CFA, CVA, is joined by Principal Jennifer J. Thomas, CFP® and Senior Associate Jarrett McKenzie, CFP®, CWS® to discuss the market’s reaction to the country’s historical presidential election. They also touch on earnings and International Trade. Jarrett and Jennifer delve into a case study of a couple who are taking more money than they need out of their retirement accounts because of required minimum distributions. The planners discuss ways to minimize the RMDs and how to reinvest the assets. The hosts round out the show with listeners’ questions on online retailer Etsy, anticipated spending in retirement and why it is important to keep track of cost basis information.