August 1, 2016

Stocks Close Mixed on GDP Disappointment

Stocks Close Mixed on GDP Disappointment WEEKLY UPDATE – August 1, 2016 Stocks broke their four-week winning streak, closing mixed after the release of a surprisingly low estimate of second-quarter economic growth. For the week, the S&P 500 lost 0.07%, the Dow fell 0.75%, the NASDAQ grew 1.22%, and the MSCI EAFE added 2.36%.[1] The preliminary estimate of Q2 Gross Domestic Product (GDP) growth showed that the economy grew a paltry 1.2% last quarter versus the 2.6% growth expected.[2] Investors were understandably disappointed as they had hoped for a resurgence after a slow first quarter. Professional economists were also surprised. The New York Fed had forecasted GDP growth of 2.1% and the Atlanta Fed had predicted 2.3% growth.[3] Why the surprise? Digging deeper into the data, we find that the disappointment came from an unexpected fall in business inventories. On the positive side, the drop may boost future economic growth as businesses […]
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 […]
May 16, 2016

VIDEO: May 2016 Educational Economic Update

Hello folks, this is Justin Goodbread, CERTIFIED FINANCIAL PLANNER™ from Heritage Investors with our May 2016 educational economic update. In this video, we’ll talk about some of the economic events that influenced markets in the last month, and give you some insight into what they could mean for you as an investor. Please stay tuned at the end for a required disclosure statement.   The Federal Reserve Open Market Committee met in late April and, unsurprisingly, decided to leave interest rates where they are. Though the Fed still expects to raise rates this year, central bankers clearly intend to move carefully. Though the Federal Reserve seems ready to raise interest rates as soon as economic growth picks up, the latest economic data doesn’t support their narrative. Before the meeting, many investors were expecting a June rate hike; however, the Fed’s cautious tone and the November election make it more likely […]
May 11, 2016
April Jobs Report Shows Slower Pace of Growth

April Jobs Report Shows Slower Pace of Growth

April Jobs Report Shows Slower Pace of Growth WEEKLY UPDATE – MAY 9, 2016 April Jobs Report Markets slumped for the third week as global concerns pressured investors again, and domestic data painted a modest picture. For the week, the S&P 500 lost 0.40%, the Dow fell 0.19%, the NASDAQ dropped 0.82%, and the MSCI EAFE fell 3.19%.[1] April’s job report showed investors that the labor market continues to improve, adding 160,000 jobs last month. However, the gains were far below the consensus estimate of 200,000 new jobs. Though the unemployment rate remained unchanged at 5.0%, one estimate of the underemployment rate-measuring discouraged workers and part-timers who want full-time work-fell to 9.7% from 9.8% in March. That’s good news, because it means that workers who have struggled in the recovery may finally be catching up.[2]   However, it’s not all good news. A separate private industry report found that job […]
March 16, 2016

Bull Market Anniversary: What’s Changed in 7 Years?

WEEKLY UPDATE - MARCH 14, 2016
February 17, 2016
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