Money Talks – November 21, 2015

This week on “Money Talks,” Principal Bil Lako, CFP® joins Research Analysts Troy Harmon, CFA, CVA and Nick Antonucci to discuss the market’s reaction to the November 13th attacks on Paris. They discuss how this may affect interest rates and the strength of the U.S. dollar going forward. The experts also discuss how the third-quarter earnings season is wrapping up, as well as inflation indicators, the Producer Price and Consumer Price indices. The hosts also discuss a case about an investor who is confused by the investment advice he’s been given from another adviser. They demystify several terms of financial jargon that every investor should know. A listener’s question on hometown companies Delta and Home Depot is also answered.

Market Roundup: Markets Have a Strong Week Ahead of the Holiday

The markets started the week on a positive trajectory with gains in both the Energy and Utilities sectors. Trading ended mixed on Tuesday. The Energy sector weighed on the markets as a result of a downswing in crude oil. The Consumer Price Index ticked up by 0.2%. Industrial production decreased by 0.2% in October, while manufacturing output, however, increased by 0.4%. Mid-week, investors reacted favorably to minutes from the latest Federal Open Market Committee meeting. Comments from the October meeting indicated the majority of members supported a rate hike in December, although no decision had been made, and any move continues to be data dependent. The markets pulled back on Thursday with Healthcare stocks trading lower while Technology stocks traded higher. Labor Department data showed initial jobless claims decreased by 5,000 to 271,000 last week. On Friday, the markets were buoyed by news of stronger-than-anticipated sales from retailers. The weekly results ended strong ahead of the Thanksgiving holiday and the beginning of the holiday shopping season.

Money Talks – November 14, 2015

This week on “Money Talks,” Troy Harmon, CFA, CVA, is joined by Research Analyst Nick Antonucci and Senior Associate K.C. Smith, CFP®, to discuss the week’s market movements, including the Employment Situation released last Friday, the MBA Mortgage Applications Survey and the Job Openings and labor Turnover Survey. They also examine a case study of a couple looking to finance a home renovation and the borrowing options available to them. The experts also answer listeners’ questions on Jack in the Box, Panera Bread, CEVA Inc., Fitbit Inc., and the changes to Social Security’s file and suspend rule.

Market Roundup: Markets Tumble on Economic News

The week began on a down note with consumer brands dragging the markets lower. Investors were also likely worried about a potential interest rate rise and the health of the global economy. On Tuesday, the both the Dow Jones Industrial Average and the S&P 500 Index inched higher while the NASDAQ shed some points. Materials, Technology and Telecom sectors traded slightly lower. Stocks retreated amid a variety of economic news mid-week. The MBA Mortgage Applications Survey showed applications fell in the last week while mortgage rates were higher for the third consecutive week following a strong October jobs report last Friday. Barring any significant hit to the economy, the Federal Reserve will likely begin to raise rates in December. Indices closed well into red territory on Thursday with Financial and Energy stocks leading the way down. Labor Department data, released today, showed initial jobless claims held steady at 276,000 last week, while the four-week moving average increased by 5,000 to 267,750. The decline continued Friday with Energy stocks continuing to decline amid lower crude oil prices. Retail sales showed a 0.1% increase while U.S. Producer Prices decreased 0.4% in October. In a preliminary measure, the University of Michigan Sentiment Index hit 93.1 for November from 90 in October. Economists had expected a reading of 91.