Weekly Market Commentary 4/26/2016

The Markets U.S. stock markets finished last week in heady territory. The Dow Jones Industrial Average closed at 18,003. Its all-time closing high is 18,312. The Standard & Poor’s 500 Index was less than 1 percent below its intraday trading record, which was set last year. Despite strong stock market performance, optimism was in short … Read more

Weekly Economic Update 4/25/2016

Economic Update

HOME SALES REBOUND Bouncing back from a drop of 7.3% in February, existing home sales improved 5.1% last month. In its March report, the National Association of Realtors announced a median sale price of $222,700, 5.7% higher than a year ago.1,2 BUILDERS BREAK GROUND ON FEWER PROJECTS While home sales increased last month, the pace … Read more

Weekly Economic Update 4/18/2016

Economic Update

HOW WEAK WAS FIRST-QUARTER GROWTH? Economists have reason to wonder given the latest retail sales, industrial output, and inflation figures. Overall retail purchases fell 0.3% in March, though they rose 0.2% minus auto buying; analysts polled by MarketWatch expected a 0.1% gain for the headline number and a 0.5% gain for the core number. Industrial … Read more

Weekly Market Commentary 4/18/2016

Weekly Market Commentary 4-18-2016

The Markets Isn’t it remarkable that China’s growth is so consistent? A columnist from The Washington Post once opined that China “produces an astonishing number of astonishing numbers.” Last week’s GDP announcement, which helped push markets higher, may fall into that category. China’s official statistics agency reported the country’s gross domestic product (GDP) grew by … Read more

Retirement Newsletter April 2016

MONTHLY NEWS AND INFORMATION FOR CURRENT AND FUTURE RETIREES COPING WITH SUDDEN RETIREMENT Many of us may retire earlier than we anticipate. In fact, a recent Voya Financial survey found this to be true for 60% of Americans. The reasons for a forced retirement varied from health issues (16% of respondents) and job loss (11% … Read more

Weekly Economic Update 4/11/2016

Economic Update

FED: APRIL MIGHT BE TOO SOON FOR A RATE HIKE That was the message Wall Street gleaned from the Federal Reserve’s March policy meeting minutes. Several Fed officials, the minutes stated, felt that “raising the target range as soon as April would signal a sense of urgency” that would be untimely. Another passage noted broad … Read more

1st Quarter Economic Update

Quartlery Economic Update

A review of 1st Quarter 2016 THE QUARTER IN BRIEF In investing, patience is often a virtue. For an illustration of why it matters, simply look at the opening quarter of 2016. Stocks plunged in January and fell further in early February, and a bear market seemed a possibility. Then, Wall Street turned around. The … Read more

Terrorism & the Financial Markets

Wall Street has the potential to recover quickly from geopolitical shocks. In the past few months, the world has seen several high-profile terrorist attacks. Incidents in the U.S., Belgium, Pakistan, Lebanon, Russia, and France have claimed more than 500 lives and injured approximately 1,000 people. Beyond these incidents, many other deaths and injuries have been … Read more