Market Commentary

Home Prices

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The S&P CoreLogic Case-Shiller 20-City Home Price Index was reported this week and it rose 2.2%. This is for October which is the most updated information. That 2% figure is year-over-year. From September to October it was up only .1%. At the national level, prices on an annual basis came in at 3.3%. Phoenix had […]

Market Commentary

IRA Changes

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The rules of withdrawal surrounding the Inherited IRA have been changed starting in 2020. If you are not a spouse or child of an inherited IRA, you only have one choice on how to withdrawal the money. You must take all of it out within 10 years from the date of inheritance. Before you had […]

Market Commentary

Durable Goods

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shopper

A very disappointing number for Durable goods sales for November and a strong revision downward for October made for some concerns for the economy. The top line number sank 2% and the revision went from a rise of .5% to a rise of .2% in October. However, it is not as dire as at first […]

Market Commentary

Housing November 2019

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home prices

Yesterday the Housing Starts Report for November came in at a strong 1.365 million annual rate; but more importantly building permits, which is a gauge of future strength or weakness, came in at 1.482 million. It appears the housing market remains strong and with a shortage of homes to buy 2020 should see a good […]

Market Commentary

Productivity

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shopper

The third quarter productivity number was revised yesterday. Productivity is important as that goes directly to our standard of living. The more productive people are, generally, the lower cost of products and services. The number is shrinking down .2%, and little better than the first reading when it was down .3%. What we want is […]

Market Commentary

Short Term versus Long Term

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Every day political and economic news events are reported, annualized and then reflected in the stock market. Stock prices are either pushed up or down daily based on what investors and traders ‘think’, and almost all of the day-to-day movement is emotionally driven. This week is a prime example. President Trump mentioned the China trade […]

Market Commentary

ISM (Institute of Supply Managers)

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earnings report

This report is released every month and is divided into two parts, manufacturing and non-manufacturing. Non-manufacturing is frequently referred to as the service sector of our economy. We are a service sector dominate economy. On Monday, the manufacturing sector for November came in with a reading of 48.1%, falling for the fourth month in a […]

Market Commentary

Happy Thanksgiving!

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Happy Thanksgiving Here at KPP Financial we can get very focused on investments, economics and growing our clients’ money. That is our job and we love doing it. However, we all need to take a time out and focus on family. Thanksgiving is the perfect time. Even though I and my wife were not blessed […]

Market Commentary

New Home Sales

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October new homes sales fell .7% on a monthly basis to 733,000 annual rate. However, for September the number was increased from 701,000 to 738,000. September was much stronger and was a 12-year high. Therefore, a fall for October of .7% is not significant. New home sales are up 32% from a year ago with […]

Market Commentary

Housing

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Construction of new homes rose in October to 1.314 million on an annualized rate. Permits for new homes rose sharply to 1.461 million, the highest rate since 2007 before the housing bubble crashed. Permits increased across every region with the Northeast posting the largest monthly increase of 19.5%. Home builder’s sentiment appears to be improving […]