What Will the Election Do to the Market?

2016 Election

Will volatility seize Wall Street? Or will calm prevail? Wall Street has had a rather calm summer. How about fall? Will volatility increase before and after Election Day?     So far, the market is performing roughly in line with historical patterns. In 19 of the prior 22 presidential election years, the S&P 500 advanced from June … Read more

Weekly Economic Update 8/29/2016

YELLEN HINTS AT A RATE HIKE Speaking Friday at the Federal Reserve’s annual retreat in Jackson Hole, Wyoming, Fed chair Janet Yellen commented that “the case for an increase in the federal funds rate has strengthened in recent months.” That statement was interpreted by some economists as a sign that the central bank could adjust … Read more

Weekly Market Commentary 8/29/2016

Weekly Market Commentary 8-29-2016

The Markets Attention investors: U.S. interest rates may be moving up and it might happen this year. During last Friday’s speech at the Federal Reserve’s annual economic symposium in Jackson Hole, Wyoming, Fed Chairwoman Janet Yellen signaled that a rate hike is probably coming but, as usual, she didn’t offer any specifics about the timing: … Read more

Weekly Economic Update 8/22/2016

IS A 2016 INTEREST RATE HIKE STILL POSSIBLE? According to the minutes from the Federal Reserve’s July monetary policy meeting, some Federal Open Market Committee members felt “that economic conditions would soon warrant taking another step in removing policy accommodation.” Others favored waiting longer to adjust rates, contending that the strong hiring seen in recent … Read more

Retirement Newsletter August 2016

Retirement Newsletter August 2016

MONTHLY NEWS AND INFORMATION FOR CURRENT AND FUTURE RETIREES WHO CLAIMS SOCIAL SECURITY AT 62, AND WHY? According to the Center for Retirement Research at Boston College, 48% of men and 42% of women take Social Security benefits as soon as they are eligible for them. A baby boomer who claims those benefits at age … Read more

Weekly Market Commentary 8/22/2016

Weekly Market Commentary 8-22-2016

The Markets Last week, Wall Street was speculating about monetary policy with the enthusiasm of commentators trying to predict who will bring home Olympic gold. The Federal Open Market Committee (FOMC) is expected to introduce another rate hike before the end of 2016, according to the BBC, and it has just three opportunities to deliver … Read more

Weekly Economic Update 8/15/2016

RETAIL SALES WEAKEN July was the first month since March without a gain in U.S. retail purchases. The Census Bureau’s latest report showed retail sales were flat last month, a disappointment in the wake of June’s 0.8% climb. Car and truck sales advanced 1.1% during July, but, minus auto buying, retail sales were actually down … Read more

Weekly Market Commentary 8/15/2016

Weekly Market Commentary 8-15-2016

The Markets How do you measure stock market valuation? If you look at conventional measures – like price-to-earnings (P/E) ratios – then U.S. stock markets appear to be pricey. The Wall Street Journal reported trailing 12-month P/E ratios are high when compared to 10-year averages. High P/E ratios haven’t dampened investors’ interest in U.S. stocks, … Read more

Monthly Economic Update August 2016

Monthly Economic Update August 2016

THE MONTH IN BRIEF The post-Brexit bounce turned into a sustained rally across July. Second-quarter earnings were not as gloomy as anticipated, and core economic indicators often matched or surpassed expectations. Housing news was generally good, and the latest jobs report showed employers hiring in spectacular fashion. Panic did not spread through European markets; in … Read more

Weekly Economic Update 8/8/2016

TWO STRAIGHT MONTHS OF IMPRESSIVE JOB GAINS The Department of Labor provided Wall Street and Main Street with some great news Friday. Last month, the population of Americans with full-time jobs rose by 255,000. About 70,000 of the workers hired in July found employment within the professional and business services sectors. In addition, the huge … Read more