This wouldn’t be a presidential election year if we weren’t frequently asked, “Should I invest now? Wait until after November? Retreat to cash until 2017?” In addition, it seems that everyone wants to know how the election results will affect the stock market. This year is no different, except there seems to be more partisanship and anxiety due to current political developments. Partisans on opposite ends of the political spectrum are predicting doom and gloom if their presidential candidate and political party aren’t elected. Even those in the middle are wondering the same and potential changes to and within the Republican party add a new twist to historic data. Read Entire Article Here
The H Group Blog
Investment and Financial Planning news from some of the best in the business.
Fred King, CFP® from our Portland office and Larry Hanslits, CFP® from our Salem office are wrapping up their spring quarter stints as adjunct professors at Oregon State University. Both were teaching graduate level courses that will partially enable the students to sit for the CFP® exam. Fred taught General Principles of Financial Planning and Larry taught the Taxation module. Both Fred and Larry agree that teaching has forced them to sharpen their skills and be at the top of their games. In Larry’s words, “These students are bright and engaging, and with them in the wings, the future of financial planning profession looks bright.” Read Entire Article Here
- Economic data for the week was dominated by strong U.S. housing numbers, while durable goods and sentiment lagged. Comments from FOMC members alluded to a stronger chance of an interest rate hike in coming months.
- Equity markets around the world gained on the week, with continued strength in oil prices and an improvement in economic and geopolitical sentiment somewhat. With interest rates flattish, bond prices didn't experience much movement during the week.
What's the probability of the Fed taking action this summer?
It depends on the week. Without being flippant, economic data and comments from FOMC members themselves have varied dramatically, making such a forecast challenging. This is a question that has continued to baffle economists globally, who like to think they have a good handle on these things. In fact, some have gone to the trouble of altering their evaluation models to account for the probabilistic uncertainty that can't be measured well through other means.Read Entire Article Here
We’d like to give you a heads up that our phones and email will temporarily be off-line Friday, May 27 from 2:00-5:00 PDT, when our IT team will be conducting a full test of our backup system. This process will take down phones, email, and internet briefly during that time. If you can’t get through, please try later. Better yet, try to contact us Friday morning. Read Entire Article Here
The Employee Benefit Research Institute (EBRI) recently released its 26th annual Retirement Confidence Survey.1 The good news is that workers in 2016 are more confident about retirement than they were last year and especially from the lows of 2008-2013. A total of 64% of those workers surveyed report that they are either very confident or somewhat confident that they will be able to live comfortably in retirement. This is up from 58% in 2015. Read Entire Article Here
- Economic data on the manufacturing side was lackluster, with indexes contracting again. Inflation was again generally contained, and housing came in a bit better than expected, while the FOMC minutes from April surprised somewhat—being more biased towards tightening than some observers first thought.
- Equity markets in the U.S. and developed foreign markets moved slightly higher on the week generally as investors absorbed the more hawkish set of Fed minutes, while emerging markets lost ground. Bonds declined as interest rates ticked up along the yield curve. Commodities gained with a continued recovery in oil prices.
Many people approaching retirement want to know how much of a nest egg they will need to support their retirement goals. "What's my number?" is the typical question. This is a good question and one we routinely answer for our clients. However, once clients retire, some of them are reluctant to drawn down the sum of money they have accumulated for the purpose of providing retirement cash flow. Others go the other direction and spend too much because they feel rich with a huge amount of money burning a hole in their pockets. Read Entire Article Here
- In a slow week for economic data, retail sales gained more than expected, while consumer sentiment also came in showing strength. Jobless claims were the sole weak spot, but this may have been the result of one-off seasonal adjustments.
- Stock markets fell across the globe along with poor retail earnings, while bonds gained with interest rates ticking downward. Due to a variety of cross-currents, crude oil prices rose again, into the upper $40's/barrel.
What happened to retail stocks last week?
We don’t often comment on idiosyncrasies of individual sectors from week-to-week as the short-term returns aren’t often that meaningful or are self-correcting, but
- The Weekly Review May 21, 2018
- The Weekly Review May 14, 2018
- Are we in for another round of high oil prices?
- The Weekly Review May 7, 2018
- Weekly Review - April 30, 2018
- Weekly Review - April 23, 2018
- Weekly Review - April 16, 2018
- How meaningful are these ongoing tariff threats?
- Weekly Review - April 9, 2018
- Weekly Review - April 2, 2018