Money Talks – January 9, 2016

This week on “Money Talks,” Associate Jarrett McKenzie, CFP®, CWS®, joins Matt Hames, CTFA, and Troy Harmon, CFA, CVA, to discuss the turbulent ride the market has taken at the start of 2016. They also discuss the Institute for Supply Management’s Manufacturing and Nonmanufacturing indices, international trade, mortgage applications and Interest rates. In this week’s case study, our experts explore a listener’s dilemma on timing his 401(k) contributions and whether he should pay off his mortgage before retirement, discussing the decisions from both a financial and emotional standpoint. The hosts also address listeners’ questions on oil and energy prices, companies BP and Marathon Oil, as well as, tax deductions for 529 plan contributions, and diagnostic testing service provider Quest Diagnostics.

Market Roundup: Markets End First Full Week of Trading Down Nearly 5%

A sharp selloff in China’s market resulted in a rocky trading day for the U.S. markets. Most blue chip stocks retreated, and Energy stocks traded lower on a downswing in crude oil prices. West Texas Intermediate crude dipped 0.8%, settling at $36.76 a barrel. Trading on Tuesday closed with gains, with Consumer Staples and Telecommunication stocks helping the tepid recovery from the sharp selloff that started the year. The rally was short-lived as the markets closed Wednesday in the red zone, brought down by Energy stocks. Additionally, Energy Information Administration showed an unexpected increase of 2.6 million barrels in crude inventories in the past week. Analysts were forecasting a decline in reserves. National Association of Realtors data showed a 0.9% decrease in November for pending home sales. Stocks continued to tumble Thursday following Labor Department data which showed that initial jobless claims fell by 10,000 to 277,000 last week. The decline seemed to level out on Friday when the Bureau of Labor Statistics showed an addition of 292,000 jobs in December. Looking elsewhere, manufacturing levels made a fractional retreat in December. The Institute for Supply Management’s survey slipped to 48.2 from November’s reading of 48.6.

Money Talks – January 2, 2016

Troy Harmon, CFA, CVA, Nick Antonucci and Daniel Rigby, CFA from the Henssler Research Department discuss how the markets fared in 2015 and what they believe 2016 holds. They discuss how oil prices weighed on the markets throughout the year and the first 10% decline for the markets since 2011. For 2016, the analysts discuss what they expect for inflation and market gains, and where interest rates may go in the New Year.

Money Talks — December 19, 2015

This week on “Money Talks,” Senior Associate K.C. Smith, CFP®, joins Matt Hames, CTFA, and Troy Harmon, CFA, CVA to discuss the week’s big news: The Fed raised the Fed Funds rate by 25 basis points. They also talk about the market’s economic releases, including inflation indicators the Consumer Price and Producer Price indices. The experts also focus on a case study of a family who wants to keep a family business in the family once the patriarch retires. The hosts answer listeners’ questions on Capital One Financial, Skyworks Solutions, steel companies Nucor and Posco, and Berkshire Hathaway. They also answer a question about how much one can earn while taking Social Security benefits before they become taxable. 

Market Roundup: Low Crude Oil Prices Weight on the Market While Fed Raises Interest Rates

The markets started the week on a positive note with Energy and Telecom stocks posting slight gains ahead of the December Federal Reserve meeting. The good news continued Tuesday as Energy stocks stepped up on a rebound in crude oil. Consumer prices held steady in November, as the Consumer Price Index was unchanged last month after climbing 0.2% in October. Discounting food and energy prices, the CPI jumped up 0.2% in November. The week’s rally continued on Wednesday when stocks stepped up on news from the December Federal Reserve meeting where policymakers boosted the benchmark interest rate by a quarter of a percentage point to between 0.25% and 0.50%. On another note, Energy stocks traded lower on a dip in crude oil. The markets closed trading at session low levels on Thursday. Labor Department data showed initial jobless claims decreased by 11,000 to 271,000 last week, while continuing claims fell by 7,000 to 2.238 million. The slip continued on Friday when the market closed at session lows. Stocks declined amid another downswing in oil.