WEEKLY QUOTE

“An unhurried sense of time is in itself a form of wealth.”

– Bonnie Friedman

WEEKLY TIP

Grandparents might want to look at this potential tax break: two-thirds of U.S. states offer a state income tax deduction for contributions to a 529 college savings plan. Grandparents are eligible to claim such a deduction if they live in the state hosting the plan.

WEEKLY RIDDLE

I walk and run on all fours, and I laugh while stalking my prey, but I seldom go in for the kill. What animal am I?

Last week’s riddle

What has a neck, yet no head?

Last week’s answer:

A bottle.

EQUIFAX BREACH MAY IMPACT 44% of AMERICANS

Thursday evening, credit reporting agency Equifax disclosed that hackers had raided its databases this spring, accessing the personal information of up to 143 million people. Equifax believes that about 209,000 credit card numbers may have been collected in the process, plus numerous Social Security and driver’s license numbers. Consumers can visit equifaxsecurity2017.com to see if they may have been affected by the breach. Equifax is offering a free year of identity theft insurance and credit monitoring for those at risk.(1)

SERVICE SECTOR EXPANDS FASTER

At an August reading of 55.3, the Institute for Supply Management’s service sector purchasing manager index was 1.4 points improved from its July mark, indicating a quicker pace of expansion for non-manufacturing firms in the eighth month of the year. Readings above 50 indicate sector growth.(2)


More from Adams Wealth Management.

Understanding 401(k) Rollovers

July 2017 Retirement In-Sight

Understanding the Gift Tax


DEBT CEILING RAISED, WITH December 15 Deadline

Congress passed a bill to lift the federal borrowing limit Friday, after the White House and congressional leaders agreed to extend the prior, late-September deadline. This measure approves two-and-a-half more months of funding for the federal government. A $15 billion aid package for hurricane victims was also included in the legislation.(3)

THREATS WEIGH ON EQUITIES

Investors were worried about hurricanes and North Korea last week, and major index performance reflected those concerns. Across four days of trading, the Dow Jones Industrial Average lost 0.84% to 21,797.79. The S&P 500 retreated 0.59% to 2,461.43, while the Nasdaq Composite fell 1.13% to 6,360.19.(4,5)

THIS WEEK: On Monday, nothing major is scheduled. Tuesday, Apple hosts its annual launch event. On Wednesday, the August Producer Price Index appears, plus earnings from Cracker Barrel Old Country Store. The August Consumer Price Index, the latest initial unemployment claims report, and Q3 results from Oracle attract the attention of investors Thursday. August retail sales data, a report on August industrial output, and September’s preliminary University of Michigan consumer sentiment index all arrive Friday.

Sources: wsj.com, bigcharts.com, treasury.gov – 9/8/17(5,6,7,8)
Indices are unmanaged, do not incur fees or expenses, and cannot be invested into directly. These returns do not include dividends. 10-year TIPS real yield = projected return at maturity given expected inflation.


However you see your tomorrow, the best time to plan for it is today.


This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. The information herein has been derived from sources believed to be accurate. Please note – investing involves risk, and past performance is no guarantee of future results. Investments will fluctuate and when redeemed may be worth more or less than when originally invested. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All market indices discussed are unmanaged and are not illustrative of any particular investment. Indices do not incur management fees, costs and expenses, and cannot be invested into directly. All economic and performance data is historical and not indicative of future results. The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. The NASDAQ Composite Index is a market-weighted index of all over-the-counter common stocks traded on the National Association of Securities Dealers Automated Quotation System. The Standard & Poor’s 500 (S&P 500) is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy. NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the New York Stock Exchange (the “NYSE”) and NYSE Arca (formerly known as the Archipelago Exchange, or ArcaEx®, and the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services. The New York Mercantile Exchange, Inc. (NYMEX) is the world’s largest physical commodity futures exchange and the preeminent trading forum for energy and precious metals, with trading conducted through two divisions – the NYMEX Division, home to the energy, platinum, and palladium markets, and the COMEX Division, on which all other metals trade. Additional risks are associated with international investing, such as currency fluctuations, political and economic instability and differences in accounting standards. This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. MarketingPro, Inc. is not affiliated with any person or firm that may be providing this information to you. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional.

Citations.

1 – wired.com/story/how-to-protect-yourself-from-that-massive-equifax-breach/ [9/7/17]

2 – briefing.com/investor/calendars/economic/2017/09/04-08 [9/8/17]

3 – nytimes.com/2017/09/08/us/politics/hurricane-aid-debt-ceiling.html [9/8/17]

4 – finance.google.com/finance?q=INDEXDJX%3A.DJI&ei=NPyyWaCWA8mPjAHysZxQ [9/8/17]

5 – markets.wsj.com/us [9/8/17]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=9%2F8%2F16&x=0&y=0 [9/8/17]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=9%2F8%2F16&x=0&y=0 [9/8/17]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=9%2F8%2F16&x=0&y=0 [9/8/17]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=9%2F7%2F12&x=0&y=0 [9/8/17]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=9%2F7%2F12&x=0&y=0 [9/8/17]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=9%2F7%2F12&x=0&y=0 [9/8/17]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=9%2F7%2F07&x=0&y=0 [9/8/17]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=9%2F7%2F07&x=0&y=0 [9/8/17]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=9%2F7%2F07&x=0&y=0 [9/8/17]

7 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [9/8/17]

8 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [9/8/17]

EQUIFAX BREACH MAY IMPACT 44% of AMERICANS

Thursday evening, credit reporting agency Equifax disclosed that hackers had raided its databases this spring, accessing the personal information of up to 143 million people. Equifax believes that about 209,000 credit card numbers may have been collected in the process, plus numerous Social Security and driver’s license numbers. Consumers can visit equifaxsecurity2017.com to see if they may have been affected by the breach. Equifax is offering a free year of identity theft insurance and credit monitoring for those at risk.(1)

SERVICE SECTOR EXPANDS FASTER

At an August reading of 55.3, the Institute for Supply Management’s service sector purchasing manager index was 1.4 points improved from its July mark, indicating a quicker pace of expansion for non-manufacturing firms in the eighth month of the year. Readings above 50 indicate sector growth.(2)


More from Adams Wealth Management.

Understanding 401(k) Rollovers

July 2017 Retirement In-Sight

Understanding the Gift Tax


DEBT CEILING RAISED, WITH December 15 Deadline

Congress passed a bill to lift the federal borrowing limit Friday, after the White House and congressional leaders agreed to extend the prior, late-September deadline. This measure approves two-and-a-half more months of funding for the federal government. A $15 billion aid package for hurricane victims was also included in the legislation.(3)

THREATS WEIGH ON EQUITIES

Investors were worried about hurricanes and North Korea last week, and major index performance reflected those concerns. Across four days of trading, the Dow Jones Industrial Average lost 0.84% to 21,797.79. The S&P 500 retreated 0.59% to 2,461.43, while the Nasdaq Composite fell 1.13% to 6,360.19.(4,5)

THIS WEEK: On Monday, nothing major is scheduled. Tuesday, Apple hosts its annual launch event. On Wednesday, the August Producer Price Index appears, plus earnings from Cracker Barrel Old Country Store. The August Consumer Price Index, the latest initial unemployment claims report, and Q3 results from Oracle attract the attention of investors Thursday. August retail sales data, a report on August industrial output, and September’s preliminary University of Michigan consumer sentiment index all arrive Friday.

Sources: wsj.com, bigcharts.com, treasury.gov – 9/8/17(5,6,7,8)
Indices are unmanaged, do not incur fees or expenses, and cannot be invested into directly. These returns do not include dividends. 10-year TIPS real yield = projected return at maturity given expected inflation.


However you see your tomorrow, the best time to plan for it is today.


This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. The information herein has been derived from sources believed to be accurate. Please note – investing involves risk, and past performance is no guarantee of future results. Investments will fluctuate and when redeemed may be worth more or less than when originally invested. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All market indices discussed are unmanaged and are not illustrative of any particular investment. Indices do not incur management fees, costs and expenses, and cannot be invested into directly. All economic and performance data is historical and not indicative of future results. The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. The NASDAQ Composite Index is a market-weighted index of all over-the-counter common stocks traded on the National Association of Securities Dealers Automated Quotation System. The Standard & Poor’s 500 (S&P 500) is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy. NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the New York Stock Exchange (the “NYSE”) and NYSE Arca (formerly known as the Archipelago Exchange, or ArcaEx®, and the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services. The New York Mercantile Exchange, Inc. (NYMEX) is the world’s largest physical commodity futures exchange and the preeminent trading forum for energy and precious metals, with trading conducted through two divisions – the NYMEX Division, home to the energy, platinum, and palladium markets, and the COMEX Division, on which all other metals trade. Additional risks are associated with international investing, such as currency fluctuations, political and economic instability and differences in accounting standards. This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. MarketingPro, Inc. is not affiliated with any person or firm that may be providing this information to you. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional.

Citations.

1 – wired.com/story/how-to-protect-yourself-from-that-massive-equifax-breach/ [9/7/17]

2 – briefing.com/investor/calendars/economic/2017/09/04-08 [9/8/17]

3 – nytimes.com/2017/09/08/us/politics/hurricane-aid-debt-ceiling.html [9/8/17]

4 – finance.google.com/finance?q=INDEXDJX%3A.DJI&ei=NPyyWaCWA8mPjAHysZxQ [9/8/17]

5 – markets.wsj.com/us [9/8/17]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=9%2F8%2F16&x=0&y=0 [9/8/17]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=9%2F8%2F16&x=0&y=0 [9/8/17]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=9%2F8%2F16&x=0&y=0 [9/8/17]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=9%2F7%2F12&x=0&y=0 [9/8/17]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=9%2F7%2F12&x=0&y=0 [9/8/17]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=9%2F7%2F12&x=0&y=0 [9/8/17]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=9%2F7%2F07&x=0&y=0 [9/8/17]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=9%2F7%2F07&x=0&y=0 [9/8/17]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=9%2F7%2F07&x=0&y=0 [9/8/17]

7 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [9/8/17]

8 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [9/8/17]

September 11, 2017 Weekly Economic Update ultima modifica: 2017-09-11T08:00:45-05:00 da Adams Wealth Management

Get in Touch

600 S Tyler St #2100
Amarillo TX 79101

Other Information:

Adams Wealth Management Group LLC (“Adams Wealth Management”) is a registered investment adviser offering advisory services in the State of Texas and in other jurisdictions where exempted. Registration does not imply a certain level of skill or training. The presence of this website on the Internet shall not be directly or indirectly interpreted as a solicitation of investment advisory services to persons of another jurisdiction unless otherwise permitted by statute. Follow-up or individualized responses to consumers in a particular state by Adams Wealth Management in the rendering of personalized investment advice for compensation shall not be made without our first complying with jurisdiction requirements or pursuant an applicable state exemption.

All written content on this site is for information purposes only. Opinions expressed herein are solely those of Adams Wealth Management, unless otherwise specifically cited. Material presented is believed to be from reliable sources and no representations are made by our firm as to another parties’ informational accuracy or completeness. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation.

All investing involves risk, including the potential for loss of principal. There is no guarantee that any investment strategy or plan will be successful.

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