The Weekly Update

Week of June 12, 2017

By Christopher Much, CFP®, AIF®

Markets last week were mixed with leading tech stocks falling dramatically as some investors pulled profits. The NASDAQ took the biggest hit, finishing 1.55% down on the week—its worst week of the year. Meanwhile, the Dow rose 0.31% for the week, notching another record close on Friday. The S&P 500 fell 0.30%, and the MSCI EAFE closed the week down 1.22%.

The S&P tech sector dropped 3.3% on Friday; however, it remained up 18% for the year. Major tech stocks account for almost 13% of the total number of stocks in the S&P 500, while comprising nearly 40% of the S&P 500 increase for the year.

Internationally, Asian markets were mixed while European markets closed the week generally higher. The European equities markets took last week’s …

CTS Financial Group’s Chicago Bulls team outing

It wasn’t the result we were hoping for, but the CTS team had fun. Go #Bulls!

Is it ever too early to begin filing your taxes?

Why not get a head start?

Click on the link below for more details!

Happy Holidays from CTS!

We wish you peace and joy this holiday season; and may your New Year be filled with health, happiness and prosperity.

How do presidential elections affect the stock market? With the U.S. presidential election just a few weeks out, coupled with the unprecedented media coverage this election has garnered, many people are questioning how the upcoming presidential election might affect their investment portfolios. They are also asking if they should be making some investment changes to perhaps protect their investments due to the somewhat antagonistic nature of this year’s presidential campaign. The fact is that economists have extensively researched the effects that a presidential election has had on the stock market in the past going back for more than a century. One widely known theory (at least to investment professionals) is aptly called the “Presidential Election Cycle Theory” which was developed by stock market historian, author and theorist Yale Hirsch. This theory postulates a slowdown in financial market trends in the first year following the election. We’ll dive into this theory …

Fascinating infographic on how millennials spending habits differ from their parents.

[contentcards url=”https://finance.yahoo.com/news/theres-big-difference-between-millennials-135938503.html” target=”_blank”]

How many weeks could you live without a paycheck?

Is financial stress an area of concern for you? There may be some things you can do.

What have you done to reduce financial stress in your life?

Do you play? Why or why not?

Video: Pokemon Go Madness: New App Sends Nintendo Shares Soaring

Nintendo hasn’t fully embraced the world of mobile gaming, but the early success of Pokemon Go is giving gamers and investors a taste of the rewards the Japanese gaming company may reap if it decides to go all in. The maker of Super Mario and Zelda games has added more than $7 billion in market value since last week’s debut of a new smartphone app for its fantasy monster character franchise.

The implementation of augmented reality is fascinating. I’ve been bumped into >5 times in the past week or so walking to work!

10 Qualities All Successful People Share (that have nothing to do with talent)
– reviewed by Jonathon Much Not too long ago, the serial innovator and entrepreneur Fouad ElNaggar [the co-founder and CEO of Sapho] posted an image recognizing, “10 Qualities All Successful People Share (That Have Nothing to Do With Talent)”. While you may or may not have seen his post already, I believe it is significant enough to repost because many employers’ stress that technical ability as well as perseverance remains as the fundamental characteristics that makes a good employee; while this ethos certainly rings true, I agree with ElNaggar that those are only two of the components of an effective team member (and perhaps potential future leader).

That being said, I wanted to dig a little deeper and give my 2 cents in reviewing his list of “10 Qualities All Successful People Share (That Have Nothing …

Did you know? US Fair Labor Standards Act On May 18th, a major change to the US Fair Labor Standards Act was announced which is expected to affect around 4.2 million workers nationwide. Until recently, many employers were exempt from paying most “white collar” employees overtime pay if their yearly salary exceeded $23,666. The Obama administration has stated that the Federal salary threshold will be drastically increased to $47,476 and will continue to increase every 3 years with future inflation taken into account. The new threshold will go into effect starting December 1, 2016, which leaves many employers scrambling to come into compliance.

For those employees who are covered by the Fair Labor Standards Act; employers will need to decide the best way to proceed as they will have to:

• Increase salaries to exceed the new threshold.
• Limit work hours to 40 hours per week.
• Leave salaries the …