Our experts delve into a case study of a couple who are dissatisfied with their current investment policy statement and asset allocation.
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.
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.
Our experts discuss a case study centered on a newly divorced mother who now needs to re-evaluate her financial priorities now that she is a single-income family.
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%.
Our experts address listener’s questions on WisdomTree Investments, analyzing the dividend payout for stocks and REITs, and why you should evaluate them differently. They also discuss investments in Palo Alto Networks and Snyder’s-Lance.
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.
Our experts discuss using a retirement plan rollover as a funding for a business start-up.
The week began just slightly up after last Friday’s red session. While the broader market experienced gains, the overall results were tempered with a tumble in Biotechnology stocks following criticism from Hilary Clinton and the New York Times. Global stocks fell the next day, dragged down by shares of miners and other raw materials producers. Biotechnology drug makers suffered another day of criticism, resulting in their stock prices declining. Stock prices in Europe fell on news that Volkswagen’s clean diesel engines produce more emissions than U.S. and European standards allow. U.S. stock markets continued to lag mid-week with crude oil falling to $44.48 a barrel. Down trading sessions on Thursday and Friday cumulated the week’s red results. Labor Department data showed new jobless claims climbed by 3,000 to 267,000.
Our stock analysts discuss Volkswagen’s scandal of circumventing emissions tests with their clean diesel engines. They explore how the problems with diesel engines may affect other engine makers from sports car maker Porsche to industrial truck engine maker Cummins.