Mixed Markets Continue

Weekly Update — June 19, 2017 Markets remained mixed last week as the Dow closed at another record high, while the NASDAQ fell and the S&P 500 held steady. By Friday, the Dow gained 0.52%, the NASDAQ fell -0.92%, and the S&P 500 gained a slight 0.05%. Meanwhile, the MSCI EAFE remained virtually unchanged from last week, down only -0.002%. In other markets, oil closed at $44.74 a barrel, down 2.4% on the week—its fourth week of declines. Overall, European equity markets remained steady while most Asian markets recorded modest gains at week’s end. The Fed Increases Interest Rates As expected, the Fed announced last week that it raised the short-term interest rate target by 25 basis points to a range between 1.00 and 1.25%. This was the third interest rate hike by the Fed in the last six months. The Fed also announced its intention to reduce the $4.5 [...]

June 20th, 2017|Blog, Weekly Market Update|

Strong and Steady Markets

Weekly Update — May 30, 2017 The markets marched ahead last week with the S&P 500 and the NASDAQ reporting all-time records, albeit just slightly above previous highs. The S&P rose 1.43% over last week, while the NASDAQ was up 2.08%. The Dow gained 1.32% and the MSCI EAFE gained 0.14% for the week. Volatility subsided as the CBOE Volatility Index, which gauges fear in the market, fell to 9.8 at the end of the week. A few important economic developments also caught our attention. Market News for the Week Strong Corporate Earnings Corporate earnings remain a bright spot as approximately 75% of S&P 500 companies beat their Q1 earnings estimates. S&P 500 corporate earnings are averaging a 13.9% increase—the best performance in over 5 years. First Quarter GDP Revised Upward The good news is that Q1 GDP revised upward from 0.7% to 1.2% growth. However, the economy continues to [...]

May 30th, 2017|Blog, Weekly Market Update|

Volatility Returns to Markets

Weekly Update – May 22, 2017 Early last week, both the S&P and NASDAQ recorded all-time highs before tumbling along with the Dow as political concerns rose. By Friday, though, the markets had largely rebounded and steadied. The S&P 500 closed the week down 0.38%, the Dow saw a 0.44% loss, and the NASDAQ reported a 0.61% decline. The MSCI EAFE reported up 0.79% for the week. The CBOE VIX is designed to measure market volatility by using S&P 500 put and call index option prices. For most of the year, volatility in the markets has been low. However, the CBOE Volatility Index (VIX) spiked 40% midweek before falling back by week’s end, indicating a possible increase in market volatility. Through the week’s ups and downs, investors followed some other important economic developments. LAST WEEK’S DEVELOPMENTS: Solid Regional Business Index The Philadelphia Fed Business Outlook Survey again pointed to progress [...]

May 22nd, 2017|Blog, Weekly Market Update|

Markets Ignore Politics

Weekly Update – May 15, 2017 Markets tuned out noise from Washington last week and continued to focus on economic fundamentals. Mildly rebounding retail sales and strong consumer sentiment seem to point toward a modestly stronger second quarter. After a three-week winning streak, both the Dow and S&P 500 reported slight losses. The Dow closed with a 0.53% loss, and the S&P 500 reported a 0.35% decline for the week. The NASDAQ, however, rose 0.34% while the MSCI EAFE reported a modest 0.16% gain. MIXED SIGNALS CONTINUE • Soft retail earnings Consumer retail purchases were up after a first-quarter decline. Sales rose by 0.4% (just shy of the 0.6% consensus), and 9 of the 13 retail categories posted gains. As expected, early second-quarter gains suggest the first-quarter decline was just a blip. • Continuing concerns over store closings A report last month concluded that in excess of 8,600 brick-and-mortar stores [...]

May 15th, 2017|Blog, Weekly Market Update|

Women and Investing Guidebook

Women investors face many challenges to building wealth and securing their financial futures. We developed this resource as a guidebook for women who are seeking perspectives on how to take control of their financial lives. We hope you find useful information that helps you make the most of your financial well-being today and every day. Did You Know? • Women represent 53.2% of professionals in the American workforce. • 57% of women participate in the U.S. labor force. • American women who turn 65 this year have a life expectancy of 86.6 years. • American men who turn 65 this year have a life expectancy of 84.3 years. • Median weekly earnings for full-time female workers are 81% of their male counterparts. • Median annual income for mother-only families with minor children in the household is $20,900. Click here to download and continue reading our Women and Investing Guidebook. We've [...]

May 10th, 2017|Blog, Investments|

Don't Panic: 4 Level-Headed Strategies for Volatile Markets

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