Despite a Red Friday, Markets End Week in Green Zone

Ben Crowe, CFP®, CFA, CPA, and K.C. Smith, CFP®, join hosts Matt Hames, CFTA, and Troy Harmon, CFA, CVA, to discuss the market’s performance, news in mergers and acquisitions, and oil prices. Energy stocks weighed heavily on the markets Monday with a dip in crude oil prices. Industrial production also decreased by 0.2% for May. Tuesday brought mixed news from the housing market. U.S. housing starts decreased 11.1% in May to an annual rate of 1.04 million, from a revised 1.17 million in April. Applications for new construction permits jumped 11.8% to a 1.28 million unit rate, marking its highest point since August 2007. Midweek saw the markets advance on Federal Reserve news, although commentary from the Federal Open Market Committee meeting showed little change. The Federal Reserve left interest rates unchanged and said economic activity is expanding moderately. The central bank reduced its GDP forecast for the year to 1.8%—2.0%. On Thursday, the NASDAQ traded up to a new record level. Labor Department data showed a jump in consumer prices for May. The Consumer Price Index ticked up 0.4% versus estimates for an increase of 0.5%. The core CPI, which discounts food and energy, rose 0.1%, shy of forecasts of a 0.2% gain. On Friday, concerns over Greek debt weighed on the markets.

Money Talks – June 13, 2015

This week on “Money Talks” Ben Crowe, CFP®, CFA, C.P.A., joins Matt Hames, CTFA, and Troy Harmon, CFA, CVA, to discuss the week’s market performance, interest rates, oil inventories and import and export prices. The hosts spend time on a case study about a couple who own several investment properties, and have one that may be able to be classified as a second home. They also explore some overlooked tax deductions for taxpayers who own multiple homes. The experts also address listeners’ questions about PICO Holdings, Fidelity National Information Services, Rockwell Collins, ZELTIQ Aesthetics and MyRA.

After Rough Start, Markets End Week in the Green

Ben Crowe, CFP®, CFA, C.P.A., joins Matt Hames, CTFA, and Troy Harmon, CFA, CVA, on “Money Talks” to discuss the week’s market performance, interest rates, oil inventories and import and export prices. The week began with markets closing in the red, followed by mixed results on Tuesday, as crude oil prices demanded attention from investors.  Commerce Department data showed wholesale inventories exceeded expectations, increasing by 0.4% in April. By mid-week, stocks gained on Greek debt news and a jump in crude oil. The European Central Bank boosted the amount the Greek central bank may loan to national banks to 83 billion euros, up from the previous limit of 80.7 billion euros. The upward climb continued on Thursday as data from the Department of Commerce showed retail sales increased 1.2%  in May. Crude oil took a breather Thursday. West Texas Intermediate crude slipped 1.1 percent to settle at $60.77 a barrel. Indices ended Friday’s session in the red zone. Stocks dipped amid Greek uncertainty and other economic data. The Producer Price Index increased 0.5%, exceeding an anticipated 0.4% gain. In a preliminary reading for June, the University of Michigan’s consumer sentiment index hit 94.6, a respectable jump from May’s final reading of 90.7. 

Money Talks – June 6, 2015

This week on “Money Talks” Dr. Gene Henssler is joined by Bil Lako, CFP®, Matt Hames, CTFA and Troy Harmon, CFA, CVA to discuss the Personal Income report, Manufacturing, Factory Orders, and Productivity and Costs. They also discuss the housing market and the low interest rate environment. Later in the show, they discuss a case study of a senior whose assets are likely to run out before his life expectancy. They discuss what breathing room a reverse mortgage might provide him. The experts also address listeners’ questions on spousal riders for long-term care policies and stocks Eli Lilly and Colgate-Palmolive. 

Another Week With Red Results

After last week’s red zone ending, the markets opened Monday higher on favorable economic news. The ISM Manufacturing Index climbed to 52.8, from 51.5 in April, exceeding estimates of 51.8. Elsewhere, U.S. Personal Income ticked up 0.4% in April following flat activity in March. On Tuesday, reports showed Factory Orders declined in April, which sent the markets lower. New Orders for manufactured goods fell 0.4%, a deeper dip than expected. By mid-week, strong performance in the Financial sector led the markets higher. Elsewhere, the Federal Reserve’s Beige Book, which covered activity from early April through mid-May, showed modest or moderate growth throughout most sectors. Labor markets improved or remained stable, with wages on a slight increase. On Thursday, a dip in Energy stocks weighed on the markets. That dip continued on Friday with poor performance in Telecom stocks. On another note, Labor Department data showed the economy added 280,000 jobs in May. Economists had expected an addition of 210,000 jobs. The unemployment rate edged up to 5.5% from 5.4%.