Money Talks – October 10, 2015

This week on “Money Talks” Senior Associate K.C. Smith, CFP®, and Research Analyst Nick Antonucci join Troy Harmon, CFA, CVA, to discuss the drop in the ISM Nonmanufacturing Index, the U.S. foreign trade deficit and mortgage activity. The hosts also explore a case study of a young couple who are displeased with their current asset allocation and Investment Policy Statement. They also answer listeners’ questions on Adobe Systems Inc., Helen of Troy, Jarden Corp. and how much one can contribute to multiple 401(k)s.

Market Roundup: Strong Week for the Markets

The week began with a strong rally that propelled the S&P 500 index to its biggest five-day percentage gain since 2011 as investors bet low interest rates would stick around for longer as a result of the weaker-than-expected jobs report released last Friday. The Institute for Supply Management’s non-manufacturing index hit 56.9, which was well shy of August’s reading of 59 and expectations of 57.5. The markets were mixed on Tuesday while the Commerce Department data showed the U.S. trade deficit grew nearly 16% to $48.3 billion in August. Exports slipped by 2% to $185.1 billion. Stocks led the markets back into green territory Wednesday with Energy stocks trading higher despite a dip in crude oil prices. The rally continued Thursday when the Federal Reserve released comments from their September meeting. The report showed that members believed it would be prudent to wait until risks eased before tightening monetary policy, noting that weaker Chinese growth and market volatility would prove an obstacle to inflation hitting the Fed’s 2% target rate. The week was capped off with strong gains across several sectors. 

Money Talks – October 3, 2015

This week on “Money Talks,” Senior Associate D.J. Barker, CWS®, joins hosts Matt Hames, CTFA, and Troy Harmon, CFA, CVA, to discuss the week’s market moves, personal income, consumer confidence and the ISM Manufacturing Index. They also take a look at a case study about a woman who is recently divorced and needs to reassess her financial decisions now that she is a single parent. The experts also answer listeners’ questions on analyzing the dividend payout for stocks and REITs, and investments in WisdomTree Investments, Palo Alto Networks and Snyder’s-Lance.

Market Roundup: Despite Economic Reports, Markets Rallied to Post Gains for the Week

The U.S. markets began the week closing well into red territory on Monday. Technology stocks traded lower on a variety of economic data. Personal Income grew by 0.3% in August, missing expectations of a 0.6% advance. August’s personal income was also down from an upwardly revised 0.5% jump in July, while real spending ticked up 0.4% last month, bettering July’s rate. U.S. pending home sales also retreated in August. Consumer confidence improved in September with the Conference Board’s consumer sentiment index’s final reading coming in at 103, up from 101.3 in August. Indices closed Wednesday’s session on a positive note, as Technology stocks rallied. The ISM Manufacturing Index dipped to 50.2 last month from 51.1 in August. Indices ended the week on a positive note, with Energy stocks leading the rally. Labor Department data showed an addition of 142,000 jobs in September; however, the results were well shy of an expected 200,000 jobs. The unemployment rate held tight at 5.1%.

Money Talks – September 26, 2015

This week on “Money Talks,” hosts Jennifer Thomas, CFP®, Scott Keller, CFA, and Troy Harmon, CFA, CVA discuss the week’s market action, the Fed’s news that affected the market, and earnings from AutoZone, Carnival Corp., and Darden Restaurants. The hosts also discuss Volkswagen’s scandal of circumventing emissions tests with their clean diesel engines. They answer listeners’ questions on casino operator Pinnacle Entertainment, health care company Centene Corp. and small-cap technology company NIC, Inc. The experts also delve into a case study on using a 401(k) rollover as a business startup.