Hey guys Justin Goodbread doing an emergency update here on the stock market! So, February 5th, 2017 the Dow Jones it dropped 4.6% That is the worst single day in market history! Are you grabbing your babies and heading for the hills yet?
It is a decades age old question. Can money buy happiness? Ask any given person you meet and the typical answer varies. Some say no while others say yes, or at least it can help! Whatever your take on the correlation between money and happiness, there’s no denying science; and science says it does. A recent study stated that money can buy happiness if you spend it to free up your time. I don’t know about you but I think that’s a fantastic idea! According to the study, 28% of the respondents claimed they were happier when they spent money on tasks they did not like doing. I love running my tractor but I hate painting, so I’m much happier to pay someone else to paint. Another study by the AARP also demonstrated the correlation between money and happiness. They found those that saved more money toward their retirement claimed […]
No matter what your religion is, you have probably heard the Bible verse, “Love thy neighbor as thyself.” Or what many refer to as the Golden Rule, which can be found in many religions. That’s exactly what happened in Houston, TX after Hurricane Harvey made landfall in 2017. Millions around the country showed up to help with relief efforts. With the amount of devastation, all these efforts were great. Sadly, Texans will be cleaning up long after the good samaritans that came to their aid are gone. Major disasters leave in their wake more than just physical clean up. Financial reconditioning takes place as well. As a financial advisor in Knoxville, TN, I am obviously ready and up to the task of helping those dealing with financial displacement during Hurricane Harvey. However, even if you are not dealing with the devastation of this hurricane, your storm is coming and you’ll want to […]
Late December of 2016 was mixed for the markets, as the Dow increased by 0.44%, while the S&P 500 lost 0.06%, the NASDAQ dropped 0.13%, and the MSCI EAFE gave back 0.55%. We also saw a variety of data released, giving a similarly mixed view of recent economic activity. Retail sales and the Consumer Price Index showed modest gains, while industrial production and housing starts both declined. The biggest headline from last week, however, was a development the market anticipated for quite some time: The Federal Reserve decided to raise its benchmark interest rates – for only the second time since 2006. Why did the Fed raise rates? The Federal Open Market Committee (FOMC), the group of Fed officials who meet to determine interest rates and other policies choices, has a mandate to “foster maximum employment and price stability.” In its quest to uphold this mandate, the FOMC aims to […]
Do big headlines drive the markets? At first glance, last week’s headlines may lead you to think that the markets are fluctuating more than they actually are. Yes, Hillary Clinton’s emails are in the news again (more on that below), but despite that surprise, the major indexes stuck to the same range-bound performance we’ve seen for the past three months. The S&P 500 ended down 0.69%, the NASDAQ was off 1.28%, and MSCI EAFE lost 0.44%. The Dow Jones Industrial Index eked out a 0.09% increase. Three Key Events Last Week 1. FBI Announces Renewed Look at Hillary Clinton’s Emails What happened? On Friday, October 28, FBI Director James Comey sent a letter to Congress alerting them that the agency would be reviewing new Hillary Clinton emails discovered during their investigation of former Congressman Anthony Weiner. When news of Comey’s letter broke, the major indexes responded quickly-and negatively. For example, […]
Over the past few months, the election and the stock market are topics of discussion on everyone’s lips. Now we are less than a month away from the big day. Despite much debate regarding how the outcome will affect different areas, we have yet seen how it will affect the stock market. With the United States as a key driver of the global economy, the result is likely to yield a reaction. No matter which of the paths we take, we can be sure after the election things will look very different. Overall, we should see a huge impact on health care, taxes, federal regulations, immigration policies, and more in the coming years. However, before we make predictions regarding this election and the stock market; let’s see what effect previous elections had on the stock market and global economy. Which combination is best? According to history, the stock market performed […]