Wealth Management News & Resources
October 29, 2018
FIRST ESTIMATE OF Q3 GDP: 3.5%
A 4.0% gain in consumer spending and a 3.3% advance in government spending helped strengthen the economy in the three months ending in September. Bureau of Economic Analysis data shows that the past two quarters represent the best 6-month period for U.S.
Time To Work With Your Financial Professionals To Optimize Your Situation
I know, you never knew there was a “Planning Season.” You know about “Tax Season,” but never knew there was a season for planning.
As we further integrate accounting, tax and wealth management services, we want to encourage people to take the time to meet with their team of professional advisors now to see if there are strategies and tactics to improve your situation.
October 22, 2018
HOMES MOVE AT THE SLOWEST PACE IN 3 YEARS
Existing home sales slumped 3.4% in September as the annualized sales rate decelerated to a degree unseen since November 2015. In reporting this, the National Association of Realtors cited the usual factors: climbing mortgage rates, tight inventory, and ascending prices (the median sale price in September was $258,100, up 4.2% in 12 months).
October 15, 2018
UNCERTAINTY BREEDS SELLING, FOLLOWED BY A RELIEF RALLY
On Friday, Wall Street rebounded from a disquieting slump that saw the blue chips take an almost 1,400 point dive. The S&P 500 gained 1.42% to snap a 6-session losing streak, the Nasdaq Composite rose 2.29% to fight back from a correction, and the Dow rose 1.15%.
October 8, 2018
10-YEAR TREASURY YIELD HITS A 7-YEAR PEAK
Friday, the yield on the 10-year note reached 3.23%, its highest level since 2011. Its yield rose dramatically last week, influenced by hawkish comments from Federal Reserve chair Jerome Powell and reports showing minimal unemployment and a swiftly expanding business sector.
Subscribe to Our Wealth Management News Summary
Receive our occasional newsletter, and unsubscribe any time.