Wealth Management News & Resources
August 27, 2018
BULL MARKET MAKES HISTORY
At the close on August 22, the current bull marked its 3,453th day, a record by S&P Dow Jones standards. Between March 9, 2009 and last Wednesday, the S&P 500 advanced 323%, with an annualized return of about 19%.
August 20, 2018
MID-SUMMER MEANT BUYING FOR CONSUMERS
According to new Census Bureau data, retail sales were 0.5% improved in July. Core retail sales (all categories except car and truck buying) rose 0.6% last month. The only sour note was the revision the Bureau made to June’s headline and core retail sales advances.
August 13, 2018
INFLATION AT 2.9%, CORE INFLATION AT 2.4%
Friday, the Department of Labor reported these annualized gains through July of this year for the Consumer Price Index. Both the headline and core CPIs rose 0.2% last month, matching the consensus forecast of economists polled by Reuters.
August 6, 2018
ECONOMY ADDS 157,000 NET NEW JOBS
Employers expanded their payrolls in July, but new Department of Labor data showed the hiring pace slowing down. May and June gains, however, were revised up by a combined 59,000, bringing average monthly job growth over the past three months to 224,000.
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In the past several months the team of professionals here at Eckhoff Wealth Management, LLC and Eckhoff and Company have been performing dozens of analyses for clients who own investment property.
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