Market Commentary

Coming Retirement Changes

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retail sales calendar

Congress is contemplating making sweeping changes to retirement accounts for non-government employees. For most of us, that means changes to our 401K plans or IRAs. About half or more private company employees have no access to retirement plans but the new retirement legislation winding its way through the government would change that. Some of the […]

Market Commentary

Home Prices

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Despite the small cracks seen in the sales of new and used homes as they have weakened in recent months, the prices of those homes are not showing any signs of a slowdown. For June, the most recent month we have for prices, showed an increase of 6.8% year-over-year according to the CoreLogic Home Price […]

Market Commentary

Patterns

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The stock indexes are near their highs for the year. The broader market still has some work to do but the NASDAQ, with the FAANG stocks leading the way, broke above the highs for the year. That high came in late January just before a fast 10% correction in February. Since then it has been […]

Market Commentary

Economic Data

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There were a number of economic reports out this week and everyone already knows about our strong jobs market and trade deficit, but few dig into the nuts and bolts of the economy and the reports that describe what those nuts and bolts are holding together. Two of the bolts seem to be loosening. The […]

Market Commentary

Inflation News

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Normally to determine inflation the Consumer Price Index (CPI) and Producer Price Index (PPI) are the most widely reviewed reports that give a broad look at inflation numbers for the consumer and producer. Another way to analyze inflation is to review the Employment Cost Index that comes out quarterly and monthly Personal Income report. The […]

Market Commentary

Second Quarter GDP

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The second quarter GDP number came in at 4.1%, a striking number so far into an economic recovery. Normally at this late stage of the economic cycle, with the recession of nine years ago, the economy would be softening not strengthening. The tax reform and reduction of restrictive regulation has to be given much of […]

Market Commentary

Housing Cracks

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It might be too early to state that housing is beginning to falter, but we have had three months in a row of falling existing home sales numbers and new home sales slumped in June. Many experts are claiming that the lack of inventory is the primary reason for the weakness. I think we are […]

Market Commentary

What are Leading Economic Indicators?

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This week June’s LEI (Leading Economic Indicator) were released by the Conference Board. This report is a concise statement of 10 of the leading indicators, although there are more, and gives it to us in the form of a percentage move up or down. These indicators are used to prognosticate the future direction of the […]

Market Commentary

June’s Retail Sales

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June’s retail sales came in higher than expected at .5% growth but that was not the impressive news out for this report. It was good news, but the surprise was the revision for May’s number. The initial report for May was .8% growth; a number that all experts would agree was very strong. However, in […]

Market Commentary

Inflation Fears

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We have been commenting on inflation for months as the Federal Reserve continues to increase the overnight interest rate it charges banks on money they borrow. The Fed has avoided using the excuse for raising rates because they are abnormally low, and are instead focusing on inflation as their reasoning. This is not wrong, as […]