Tax Manager Dan DiLuzio, C.P.A., joins Research Analysts Nick Antonucci, CVA, and Jacob Keen to discuss some advice for a small business that is well ahead of its mid-year projections. He suggests some purchases and growth techniques that may be able to save the business tax dollars.
The stock indices kicked off the week with mixed moves, as the Dow Jones Industrial Average and S&P 500 Index ended in the red zone while the NASDAQ traded up to an all-time high. In the first of several housing data points released during the week, existing-home sales fell in June, though they are still up by 0.7% from year-ago levels. Indices traded into green territory on Tuesday, with the S&P 500 closing at a new record level. Existing-home price appreciation slowed slightly in the three months ending in May, when compared to the same period in April. In other economic releases, Consumer Confidence increased in July rising to 121.1, its highest level since March. Wednesday’s trading ended with gains and the Dow closing at a new record level. In housing news, new-home sales increased in June and are up 9.1% from June 2016. The Federal Open Market Committee concluded its two-day monetary policy meeting holding interest rates at their current levels, yet noting that normalization would start “relatively soon,” leaving many to speculate an announcement on the balance sheet will come in September. On Thursday, the advance figure for seasonally adjusted initial claims for unemployment insurance was released, showing an increase of 10,000 from the previous week’s revised level. The four-week moving average held steady at 244,000 for the week ending July 22. Like the beginning of the week, the market was mixed on Friday. The Dow traded to a new record high while both the S&P 500 and NASDAQ shed some points. Crude oil ticked up with West Texas Intermediate gaining 1.4% to settle at $49.71 a barrel. Additionally, The University of Michigan’s consumer sentiment index fell to 93.4 for July from 95.1 in June. The result exceeded an expected reading of 93.1.
The “Money Talks” experts answer listeners’ questions on counter-party risk in some exchange-traded funds and how a side hustle may affect your income taxes. They also provide their opinions on sales tax holidays and whether or not the Technology sector is in a bubble. The hosts also address questions on individual stocks including Universal Corp. Service Corp. International, PVH and Ralph Lauren.
This week on “Money Talks,” Senior Associate Jarrett McKenzie, CFP®, CWS®, joins Bil Lako, CFP®, and Troy Harmon, CFA, CVA, to discuss the market’s recent moves, a review of earnings season and how the sectors are performing. Jarrett brings to the table a conversation about the types of retirement plans that can be appropriate for small businesses. The hosts also address listeners’ questions on tech stocks, Weight Watchers and whether one should invest or pay down a mortgage.
Senior Associate Jarrett McKenzie, CFP®, CWS®, joins Bil Lako, CFP®, and Troy Harmon, CFA, CVA, to discuss the types of retirement plans that can be appropriate for small businesses.
The financial markets closed Monday mixed with the Dow Jones Industrial Average and S&P 500 Index ending fractionally down while the NASDAQ added slight gains. Indices experienced mixed moves again on Tuesday with the S&P 500 and NASDAQ trading to new record highs while the Dow shed some points. New record highs were reached again on Wednesday as merger talks boosted several stocks. In economic news, housing starts jumped up in June, with new construction rising to a rate of 1.22 million annualized units, exceeding analysts’ expectations of 1.16 million annualized units. This is also up from a revised rate of 1.12 million annualized units in May. Crude oil prices increased after Energy Information Administration data showed oil reserves fell by 4.7 million barrels in the past week, versus forecasts for a decline of 3.2 million. The indices were back to trading with mixed moves on Thursday. The Dow and S&P 500 shed some points while the NASDAQ hit another record high. Despite the mixed week and record highs, Friday’s trading session ended in red territory. Year-to-date, the tech-heavy NASDAQ leads the way as it surges toward a 20.0% gain, followed by the S&P 500 and then the Dow. Low inflation may be influencing investors to move away from Treasuries, as yields fell sharply last week.
The “Money Talks” hosts address listeners’ questions on tech stocks Automatic Data Processing, NetGear and Cabot Microelectronics Corp. They also provide opinions on Weight Watchers and whether one should invest or pay down a mortgage.
This week on “Money Talks,” Roger Tutterow, Ph.D., Kennesaw State University professor of Economics and Henssler’s Chief Economic Adviser, joins Bil Lako, CFP®, and Troy Harmon, CFA, CVA to discuss U.S. employment, Wholesale Trade and the Producer Price Index. Roger also leads a discussion on the economy including the Fed’s decision to reduce their balance sheet, long-term interest rates, housing and how the unwinding of quantitative easing may affect the global economy.
Kennesaw State University Professor of Economics, Finance & Quantitative Analysis and Henssler Financial’s Chief Economic Adviser, Roger Tutterow, Ph.D., joins anchor hosts Bil Lako, CFP®, and Troy Harmon, CFA, CVA to discuss unwinding of the Federal Reserve’s quantitative easing program and how it may affect interest rates, inflation and the global economy.