Data Drives More Growth

2017-10-30T12:42:02-05:00October 30, 2017|Categories: Weekly Update|

The Weekly Update

Week of October 30, 2017
By Christopher T. Much, CFP®, AIF®

Another week, another round of positive market performance. The 3 major domestic indexes again ended the week with gains and new record highs. The S&P 500 rose 0.23% and marked a 7th-straight week of increases—its longest string of weekly gains in almost 3 years. The Dow added 0.45%, and the NASDAQ grew by 1.09%. Meanwhile, international stocks in the MSCI EAFE slipped slightly, losing 0.35% for the week.

On October 25, we learned that September home sales were higher than anticipated and durable goods orders grew by 2.2% in the same month. This data provided more evidence that the economy is on solid ground. However, two other occurrences last week contributed even more to the continuing market gains: 1) Q3 GDP numbers and 2) tech companies’ corporate earnings reports.

What Drove Markets Last Week?

  1. Economic growth beat expectations.
    We …
  • Family Wealth Management Process

Taking an Active Role in Your Family’s Wealth Management Process

2021-06-10T16:21:23-05:00October 25, 2017|Categories: Resource Center|Tags: , |

Four tangible steps to follow your family’s financial roadmap

Likely, your parents haven’t shared their financial goals, intentions and legacy wishes with you. A discussion of family financial values and wealth transfer plans is an inherently difficult, albeit necessary, conversation. While no one wants to have this conversation with their parents or loved ones, we think it’s a necessary step that can provide you with the roadmap you need to follow and thoughtfully execute your family’s financial plan.

We are excited to share with you our latest piece, Taking an Active Role in Your Family’s Wealth Management Process, which suggests four tangible steps for starting this process. Download a copy of this piece now.

Another Banner Week for Markets

2017-10-23T14:31:30-05:00October 23, 2017|Categories: Weekly Update|

The Weekly Update

Week of October 23, 2017
By Christopher T. Much, CFP®, AIF®

Last week, all 3 major U.S. markets hit record highs once again. The Dow added 2.00% to notch both intraday and closing records, the S&P 500 rose 0.86%, and the NASDAQ gained 0.35%. International stocks in the MSCI EAFE dipped by 0.32% for the week.

On Thursday evening, the senate passed the blueprint for a $4 trillion budget. The vote sets the stage for a tax overhaul that could lower taxes for many families and businesses. In addition, some investors believe the promise of tax cuts could push market valuations even higher.

Other investors, however, have expressed concern about the continuing market highs. Although the economy is growing and corporate earnings are up, they fear a potential market correction.

Against this backdrop, last week marked a key milestone in financial history: the 30th anniversary of Black Monday – the largest …

More Record Highs

2017-10-16T14:02:44-05:00October 16, 2017|Categories: Weekly Update|

The Weekly Update

Week of October 16, 2017
By Christopher T. Much, CFP®, AIF®

Last Friday, all 3 major domestic indexes continued their streak of weekly gains and record highs. The S&P 500 added 0.15%, and the Dow was up 0.43%. Meanwhile, both indexes posted their 5th weekly gain in a row. In addition, the S&P 500 and Dow each hit intraday trading records on Friday. The NASDAQ also increased 0.24%, ending on a record high with a 3rd straight week of growth. International stocks in the MSCI EAFE rose as well, gaining 1.61% for the week.

What drove market performance last week?
We received a number of new reports last week, including data showing jumps in the Producer Price Index, Consumer Price Index, and Retail Sales. Recovery efforts from hurricanes contributed to the gains in all three of these readings. And they could continue to affect the markets for a while.

In …

Third Quarter Review

2017-10-09T14:49:08-05:00October 9, 2017|Categories: Weekly Update|

The Weekly Update

Week of October 9, 2017
By Christopher T. Much, CFP®, AIF®

This Monday, October 9, marks the 10-year anniversary of the S&P 500’s highest point before the Great Recession. While the ensuing decade has provided quite a rocky road for the markets at times, the recovery is undeniable. The S&P 500 is now double its peak 10 years ago.

In fact, last week, markets posted one record high after another—and the S&P 500 had its longest streak of record closes since 1997. At the markets’ close, the S&P 500 added 1.19%, the Dow gained 1.65%, and the NASDAQ grew by 1.45%. International stocks in the MSCI EAFE lost 0.07%.

These domestic gains came despite stocks stumbling slightly on Friday in reaction to disappointing jobs numbers. After 7 years of monthly growth, the September jobs report indicated the first labor market contraction since 2010, with 33,000 jobs lost. The decrease was …

Another Week of Highs

2017-10-02T15:36:35-05:00October 2, 2017|Categories: Weekly Update|

The Weekly Update

Week of October 2, 2017
By Christopher T. Much, CFP®, AIF®

Before we begin our usual weekly commentary, we wanted to take a moment to honor the victims of Sunday’s terrible attack in Las Vegas. Though details are still scarce, it is the most devastating mass shooting in U.S. history. Our thoughts are with the victims, their families, and with the community that now must cope with the aftermath of the tragedy. As we look for answers, let’s also remember to be grateful for the ones we love.

Last week’s final performance of Q3 saw the S&P 500 hit a new high and finish up 0.68%. Meanwhile, the Nasdaq beat previous records with a 1.07% gain, and the Dow notched a 0.25% increase to come within 0.1% of its all-time high. International markets, however, experienced a slight dropthe MSCI EAFE fell 0.19% for the week.

As the country continues its …

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