July 20, 2016

What U.S. Investors Need to Know About Brexit

What U.S. Investors Need to Know About Brexit Hey Guys, this is Justin Goodbread, Certified Financial Planner and Co-CEO of Heritage Investors with a special edition video update on Britain’s recent vote to exit the European Union. With all of the market turmoil, we felt this was a good time to reach out and share our perspective. Please stay tuned at the end for a required disclosure statement. We’re going to answer five main questions in this call: What is the Brexit, and why does it matter? How could the Brexit affect U.S. markets? What impact could the Brexit have on the global economy? How could the Brexit affect the U.S. economy? And what should investors be doing right now? So, let’s start by taking a step back and asking: How did Britain get here? To answer that, we have to go back in time and take a look at some history of Britain and the European Union. Britain originally voted to join the European Economic Community in 1973. In 1975, Britons voted to remain within the new European Community, which then becomes the modern European Union in 1991.[i] Economic and political circumstances have changed drastically since the 90s, and […]
April 14, 2016
Stocks Post Worst Week

Stocks Post Worst Week Since February

Stocks Post Worst Week Since February WEEKLY UPDATE – APRIL 11, 2016 Stocks tumbled last week on downward revisions to U.S. economic growth and worries about global growth.[1] For the week, the S&P 500 fell 1.21%, the Dow lost 1.21%, and the NASDAQ gave up 1.30%.[2] After a rosier-than-expected fourth quarter, economic forecasts suggest that the economy barely grew in the first three months of 2016. A report showing that wholesale inventories declined in February caused estimates of Q1 real economic growth to plummet from 0.7% to just 0.1%. In mid-March, the estimate was as high as 2.3%, but forecasts are dropping fast.[3] A couple of things to keep in mind: 1) these are very early estimates that are missing a lot of data; 2) early forecasts are very sensitive to updates to the data. Other economists think that the seasonal bias against first-quarter results could be pushing down estimates and that underlying economic growth could be closer to 2.0%. We’ll know more when the first estimate of Q1 Gross Domestic Product (GDP) growth comes out on April 25.[4] Last week, attention turned to the upcoming Fed meeting at the end of April. Minutes from the March meeting show that […]