Wish you were with us...it was a great evening!
Till we speak again, enjoy the week!
As the holiday season progresses, the markets continue to impress. Last week, many energy, financial, and industrial sector stocks helped drive performance. Hitting record highs yet again, the S&P gained 0.35%, and the Dow jumped 0.40% for the week. Meanwhile, the NASDAQ fell slightly by 0.11%, and the MSCI EAFE rose 0.08%.
Solid labor market conditions and a rebounding retail climate are helping to support the economy as the year closes. Here are some developments that stood out last week:
Promising Labor Market Numbers
Encouraging news came on Friday when we learned that nonfarm payroll jobs rose more than expected in November, coming in at 228,000. Manufacturers have created almost 200,000 new jobs in the last 12 months and 1 million new factory jobs since 2010. We have now had 86-straight months of job gains, the longest stretch in U.S. history.
This growth in new jobs has helped to keep unemployment down, which remains at a 17-year low of 4.1%. Additionally, average hourly wages have increased by 2.5% for the year.
Retail Climate in Positive Territory
As the job market expands and people have more spending power, we're experiencing a robust retail climate. Retail stocks are rebounding after a long market lag, and holiday shopping is strong this season with predicted growth from 3.6% to 4% over last year. Further, brick-and-mortar shops are even feeling the shopping strength, emerging as some of the best performing retail investments, despite their general drop in 2017.
What Lies Ahead
Now that Congress has avoided a government shutdown - at least for a few weeks - the Senate and the House can focus on the tax bill. While progress has been made, they still need to negotiate the financial bill's terms.
Next week, investors will follow the Fed to see if it raises interest rates, as expected. In addition, the Fed could also comment on inflation expectations and address concerns about potential asset bubbles.
As the holidays wind up, we will continue to monitor the markets and focus on the fundamentals. If you have questions about how this news affects your financial life, we're here to talk. Feel free to contact us and find the answers you need.
Wednesday: Consumer Price Index, FOMC Meeting Announcement
Thursday: Jobless Claims, Retail Sales, Business Inventories
Friday: Empire State Mfg Survey, Industrial Production
Notes: All index returns (except S&P 500) exclude reinvested dividends, and the 5- year and 10-year returns are annualized. The total returns for the S&P 500 assume reinvestment of dividends on the last day of the month. This may account for differences between the index returns published on Morningstar.com
and the index returns published elsewhere. International performance is represented by the MSCI EAFE Index. Past performance is no guarantee of future results. Indices are unmanaged and cannot be invested into directly.
"We are still in the position of waking up and having a choice.
Do I make the world better today somehow, or do I not bother?"
- Tom Hanks
Beware W2 Scams*
The IRS is warning people to be safe and cautious when opening emails asking for access to W-2 files. A rising email scam attempting to steal private information can put employees' personal details at risk. Here are some common signs that scammers may include in their emails:
- Messages that appear to be from the company's executive
- Subject lines with words like "review," "manual review," or "request"
- Simple greetings, such as, "Hey, you in today?"
- Requests for a list of all employees and their W2 forms
- Follow-up emails asking for a wire transfer
* This information is not intended to be a substitute for specific individualized tax advice. We suggest you discuss your specific tax issues with a qualified tax advisor.
Strengthen Your Legs to Add Power to Your Drive
If you're looking to improve your drive, strengthening your body can give you the boost you need. Specifically, your legs can affect how well you drive. Follow this exercise to improve your muscle and posture:
- Stand so your back is fully erect and straight.
- Hold your driver vertically flat against your back - removing any curve in your spine.
- Do a lunge by stepping your right foot forward and dropping your left knee down.
- Make sure your right shin remains perpendicular to the ground with your back and club completely straight.
- Step back into place and do the same motion by leading with your left foot and dropping your right knee.
- Repeat sequence 3 days each week with 20 reps each time.
Follow this straight-back stance when you swing and add extra power to your drive.
Tip adapted from Blair O'Neal | Golf Magazine
Anemia occurs when people have too few healthy red blood cells (hemoglobin), which affects 3.5 million Americans. A variety of issues can cause the condition, including iron deficiency and lead poisoning. In some cases, bigger health issues can trigger anemia, such as hemorrhaging or cancer. To help you manage your health better, here are common symptoms to look out for:
- Abdominal pain
- Leg cramps
- Low energy and fatigue
- Nails that curve upward
- Pale skin
- Tingling sensation in hands and feet
Other symptoms exist and vary depending on the cause of anemia. Consult your doctor if you have any of these symptoms.
Tip adapted from WebMD
Use Baking Soda for Boosting Your Plants
Caring for plants, whether inside or outdoors, can often require using harsh ingredients to boost their health. Despite improving soil quality and blooms, these chemicals can further leech into the environment. You can decrease this effect by swapping harsh chemical-based products with a fertilizer using natural baking soda.
If your plants look a bit lifeless or drab in color, perk them with this simple fertilizer recipe you can make at home:
Baking Soda Plant Booster
- 1 gallon water, pure and filtered
- 1 teaspoon baking soda
- 1 teaspoon Epsom salts
- ½ teaspoon ammonia
Mix the ingredients, and water plants once a month.
Tip adapted from UrbanMeisters
Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.
Diversification does not guarantee profit nor is it guaranteed to protect assets.
International investing involves special risks such as currency fluctuation and political instability and may not be suitable for all investors.
The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general.
The Dow Jones Industrial Average is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange and the NASDAQ. The DJIA was invented by Charles Dow back in 1896.
The Nasdaq Composite is an index of the common stocks and similar securities listed on the NASDAQ stock market and is considered a broad indicator of the performance of stocks of technology companies and growth companies.
The MSCI EAFE Index was created by Morgan Stanley Capital International (MSCI) that serves as a benchmark of the performance in major international equity markets as represented by 21 major MSCI indices from Europe, Australia and Southeast Asia.
The S&P/Case-Shiller Home Price Indices are the leading measures of U.S. residential real estate prices, tracking changes in the value of residential real estate. The index is made up of measures of real estate prices in 20 cities and weighted to produce the index.
The 10-year Treasury Note represents debt owed by the United States Treasury to the public. Since the U.S. Government is seen as a risk-free borrower, investors use the 10-year Treasury Note as a benchmark for the long-term bond market.
Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.
Past performance does not guarantee future results.
You cannot invest directly in an index.
Consult your financial professional before making any investment decision.
Fixed income investments are subject to various risks including changes in interest rates, credit quality, inflation risk, market valuations, prepayments, corporate events, tax ramifications and other factors.
These are the views of Platinum Advisor Marketing Strategies, LLC, and not necessarily those of the named representative, Broker dealer or Investment Advisor, and should not be construed as investment advice. Neither the named representative nor the named Broker dealer or Investment Advisor gives tax or legal advice. All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. Please consult your financial advisor for further information.
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