February 26, 2018 Weekly Economic Update
Demand is high, prices are high, and inventory is slim. In view of these factors, the 4.8% year-over-year fall for existing home sales just reported by the National Association of Realtors is not surprising.
February 2018 Monthly Economic Update
Bulls took charge of Wall Street as 2018 began: the Dow Jones Industrial Average rose 5.79% in the first month of the year, even with a mild selloff on the verge of February.
February 2018 Retirement Insight
FEBRUARY 2018 “To acquire knowledge, one must study; but to acquire wisdom, one must observe.” - Marilyn vos Savant TRAVEL TIP Before foreign trips, take an inventory of important items Keep a record of all the cards in your wallet and the telephone numbers to contact...
February 19, 2018 Weekly Economic Update
WEEKLY QUOTE “Courage is resistance to fear, mastery of fear – not absence of fear.” - Mark Twain WEEKLY TIP If at all possible, avoid taking a loan from your workplace retirement plan. If you withdraw funds from it before age 59½, you will usually incur a...
February 12, 2018 Weekly Economic Update
On Friday, the S&P 500 settled at 2,619.55, down 5.16% for the week. Thursday, it entered correction territory just nine days after its January 26 record close.
February 5, 2018 Weekly Economic Update
In January, average hourly pay was 2.9% higher than it was a year earlier. That was the key takeaway from the Department of Labor’s latest jobs report.
January 29, 2018 Weekly Economic Update
The Department of Commerce’s first estimate of fourth-quarter gross domestic product was 0.6% below the Q3 number, but still well above the 2.1% rate the nation has averaged in the recovery from the Great Recession.
January 22, 2018 Weekly Economic Update
The initial January University of Michigan consumer sentiment index came in at 94.4 last week, 1.5 points beneath its final reading of 2017 and 4.1 points under its level of one year ago.
January 2018 Retirement Insight
After you retire, your tax situation will change. Recognizing that oncoming change is crucial. Some ideas that may seem smart from a pre-retiree standpoint might be ill-advised once you have transitioned into retirement. Other retiree tax concerns may not yet be on your mind.
January 15, 2018 Weekly Economic Update
Consumers spent freely during the holidays: the latest Census Bureau report shows a nice advance for retail purchases. They improved 0.4% last month, with core retail sales up by the same amount.
