Investment Group for the Mansfield, OH, Area
The success of a portfolio is directly tied to your uniquely developed investment plan. In the investment planning process, he can capture your current investment information as well as the goals and objectives you are seeking to achieve. With that information, he can develop a personalized investment strategy for you and research different investment product solutions towards achieving your financial goals.
Financial and Economic Brief - June 20, 2017
• Home Construction Slowing - According to the U.S. Commerce Department, housing starts fell 5.5% in May to a seasonally adjusted annual rate of 1.09 million units.
• Foreign Stock Funds on the Rise - The most popular category of foreign stock funds returned an average of 14.9% this year and funds that focus on stocks from China and other emerging markets have returned 18.1%.
• Oil Prices Steady, For Now - Oil prices have steadied, after rising production in the U.S., Libya and Nigeria over the past month, which has “taken the edge off” an OPEC-led initiative to cut production.
Financial and Economic Brief - June 13, 2017
• Wholesale Inventories Slip - According to the U.S. Commerce Department, wholesale inventories dropped 0.5% in April.
• Gymboree Files for Bankruptcy - Gymboree, a children's clothing retailer, announced it reached an agreement with lenders that will allow it to stay open as it begins a restructuring process.
• Tech Stocks Fall - Technology stocks fell across Europe and Asia, and were set to fall again on Wall Street after the worst day for Apple (AAPL.O) shares in over a year.
Financial and Economic Brief - June 6, 2017
• May Jobs Numbers Lower Than Expected - Overall, there was “weak hiring and sluggish wage growth” in May. There were 138,000 jobs added, and average hourly wages rose just 2.5% on an annual basis.
• Yuan Rises Against Dollar - The yuan rose 0.5% against the dollar on Thursday, bringing its progress in the past four trading days to 1.2%.
• New Factory Orders Drop - According to the Commerce Department, new orders fell in April for the first time in five months.
Financial and Economic Brief - May 30, 2017
• Aggressive Rate Hikes to Come? - According to Dallas Fed President Robert Kaplan, there may be a “fairly aggressive path of rate hikes coupled with reductions in the central bank's balance sheet” for the rest of 2017.
• May Jobs Report Due This Week - Several economic reports are due this week with particular focus on the May employment report, which will show whether the job market was able to maintain its upswing.
• Oil Oversupply Worries - Oil prices fell on worries that cuts to oil output by the world's big exporters may not be enough to deplete a global glut that has depressed the market for almost three years.
Financial and Economic Brief - May 23, 2017
• U.S. Stocks Rise - The Dow Jones industrial average rose about 100 points, the S&P 500 rose 0.4%, and the Nasdaq composite grew half a percent.
• Changing Leadership at Ford Motors - Ford Motors fired CEO Mark Fields because of the company’s falling stock price, down 37% since July 2014, and uncertainty about the future.
• Import Taxes on Sugar - China recently announced that it will impose “hefty penalties” on sugar imports.
Financial and Economic Brief - May 16, 2017
• NY Manufacturing Drops in May - According to the Federal Reserve Bank of New York, manufacturing in New York State dropped for the first time in seven months to minus 1 in May, from 5.2 in April (a reading below zero is an indication of contraction).
• Energy Ministers Agree to Extend Cuts - The energy ministers of Saudi Arabia (OPEC) and Russia (non-OPEC) recently met and agreed to do “whatever it takes to achieve the desired goal of stabilizing the market.”
• U.S. China Beef Deal - President Trump and his trade team took steps to clear two trade disputes with China that have negatively affected the U.S. livestock business for years.