Job #s Strong & Markets Continue to Climb!!!
2 Million Jobs have been created over the past 12 months, according to the Bureau of Labor Statistics. Out of those 2 million jobs, 697k are workers aged 65 +, or about 36% of the total gain. The question is: why are so many age 65 +’s wanting to work?! Prior to the Mortgage Crisis […]
Markets Rebound Last Week & Employment Continues the Trend!
After a couple of weeks of weakness (because thoughts the Coronavirus would slow down the global economy), the market last week changed its mind sending equity indexes back up towards record highs! The S&P 500 rose 3.21% leaving the index now up 3.17% year-to-date. The Dow Jones rose 3.06%; the Russell 2000 2.67% and the […]
Markets Impacted by Coronavirus!
Markets Impacted by Coronavirus… All equity market indexes pulled back last week as the uncertainty on the Coronavirus impact is front and center on investor minds. We certainly know the transportation sector will take at least a temporary hit. Starbucks, KFC, Pizza Hut, McDonalds, various hotel chains, and airlines will be immediately impacted. Also on […]
Markets Continue to Rise As China Phase 1 Trade Deal to be Signed!
On Wednesday January 15th, the United States and China are scheduled to ink a Phase 1 Trade Deal, that may increase global business confidence. The deal includes a roll back of a previous tariff increase from 15% to 7.5%, and the official cancellation of last December’s scheduled new 15% tariff. Also included, will be promises […]
Confused on the Secure Act? Read this!
SECURE Act is Official! “Setting Every Community Up for Retirement Enhancement” After months of speculation the SECURE Act is now official. There are several parts to the SECURE Act; however I will summarize the main provisions that will impact our clients, prospective clients and additional blog readers. Required Minimum Distributions (RMD’s) Prior to the SECURE […]
Markets, Iran, and the Secure Act!
Markets Flat in the Short New Year’s Week & Geopolitical Tension Rising! Welcome to Year 2020! This promises to be an exciting year based upon what may transpire with our 2020 Presidential Election and the campaigning over the next 11 months. Typically I do not discuss politics in our blogs, however with the feeling that political […]
Markets March Higher to End of Decade! & A Pay It Forward Story…
Wow, the end of the decade! Do you remember where you/we were a decade ago, on December 31st 2009? I certainly don’t need to remind anybody of the state of the economy at that point compared to today. So much has happened and I’ll leave the media the opportunity to report the dramatic. The much […]
Tons of News!! // China Phase One // Brexit //Impeachment
China – Phase One After the turn of the New Year, the US and China are expected to sign “Phase One” of a new trade deal. While there are many details yet to be learned, we now know that the new round of consumer oriented tariffs that were to go into place yesterday, 12/15, are […]
Jobs Report Leaves Markets Flat Last Week & December 15 Tariffs?
Jobs, Jobs, Jobs! Last Friday’s job report showed the US adding 266,000 jobs in November, bolstered by the return of formerly striking GM employees. The prior 2 months were revised adding an additional 41,000 jobs. The unemployment rate came in at 3.5%, which is an absolute WOW!!!!!! No wonder why restaurants, stores and the roads […]
