Money Talks – June 27, 2015

This week on “Money Talks,” Matt Hames, CTFA, is joined by Managing Associate Charlie Holloway, CFP®, CDFA, and Research Analyst Nick Antonucci to discuss new and existing home sales, final first quarter GDP, oil inventories and personal income. Our experts also look at early retirement with reduced benefits in our case study. They also answer listeners’ questions on zero coupon municipal bonds, the best day to invest and when the next market dip may happen.

Markets End Week Slightly Lower After Focusing on Greek Debt

The markets began the week on a positive note with Financial giants, such as Goldman Sachs, JPMorgan Chase and American Express, leading the gains. The markets also reacted to a variety of economic news as well as word that a Greek debt deal may finally see the light of day. Existing home sales ticked up in May with sales climbing 5.1% to 5.35 million. The NASDAQ closed at a new record level Tuesday, on prospects of a debt solution for Greece. Meanwhile, durable goods orders slipped 1.8% in May, while April’s reading was revised down to a 1.5% decrease from a previous 1% dip. Trading closed in the red zone on Wednesday, with stocks selling off on news the International Monetary Fund had rejected Athens’ latest proposal. West Texas Intermediate crude fell 1.2%, to settle at $60.27 a barrel. On another note, real GDP declined 0.2% in the first quarter, according to a third estimate. The result was down from 2.2% growth in the prior quarter, but better than the second estimate of a 0.7% dip. Thursday’s trading also ended lower. Initial jobless claims moved higher. Labor Department data showed an increase of 3,000 to 271,000 last week. Personal income activity jumped up in May, as income climbed 0.5%, matching April’s upwardly revised gain. Spending ticked up 0.9%, following a slight 0.1% upswing in April. Indices closed out mixed on Friday. The Dow added some points while the S&P 500 and NASDAQ traded into red territory for the session. 

Money Talks – June 20, 2015

This week on “Money Talks,” Ben Crowe, CFP®, CFA, CPA, and K.C. Smith, CFP®, join hosts Matt Hames, CFTA, and Troy Harmon, CFA, CVA, to discuss the market’s performance, news in mergers and acquisitions, and oil prices. The experts also discuss the considerations of a couple making the decision to have the wife stay at home after the birth of their first child. They look at the insurance considerations, tax implications and career opportunities. They also address listeners’ questions on water purification companies and investing in drone technology.

Despite a Red Friday, Markets End Week in Green Zone

Ben Crowe, CFP®, CFA, CPA, and K.C. Smith, CFP®, join hosts Matt Hames, CFTA, and Troy Harmon, CFA, CVA, to discuss the market’s performance, news in mergers and acquisitions, and oil prices. Energy stocks weighed heavily on the markets Monday with a dip in crude oil prices. Industrial production also decreased by 0.2% for May. Tuesday brought mixed news from the housing market. U.S. housing starts decreased 11.1% in May to an annual rate of 1.04 million, from a revised 1.17 million in April. Applications for new construction permits jumped 11.8% to a 1.28 million unit rate, marking its highest point since August 2007. Midweek saw the markets advance on Federal Reserve news, although commentary from the Federal Open Market Committee meeting showed little change. The Federal Reserve left interest rates unchanged and said economic activity is expanding moderately. The central bank reduced its GDP forecast for the year to 1.8%—2.0%. On Thursday, the NASDAQ traded up to a new record level. Labor Department data showed a jump in consumer prices for May. The Consumer Price Index ticked up 0.4% versus estimates for an increase of 0.5%. The core CPI, which discounts food and energy, rose 0.1%, shy of forecasts of a 0.2% gain. On Friday, concerns over Greek debt weighed on the markets.

Money Talks – June 13, 2015

This week on “Money Talks” Ben Crowe, CFP®, CFA, C.P.A., joins Matt Hames, CTFA, and Troy Harmon, CFA, CVA, to discuss the week’s market performance, interest rates, oil inventories and import and export prices. The hosts spend time on a case study about a couple who own several investment properties, and have one that may be able to be classified as a second home. They also explore some overlooked tax deductions for taxpayers who own multiple homes. The experts also address listeners’ questions about PICO Holdings, Fidelity National Information Services, Rockwell Collins, ZELTIQ Aesthetics and MyRA.