Truth in Wealth Building

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Scary World, Scary Stock Market – 01/06/16

U.S. stocks and those around the world are lower this morning, after North Korea claimed to have successfully tested a H-bomb, knocking markets already concerned about China’s economy. (Fox) Mortgage application volume fell dramatically over the past two weeks, even when adjusted for the holidays. This was likely due to a rush in home loans…

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2016’s Biggest Misleading Headline – 01/05/16

We are ready to call this the biggest misleading financial headline of 2016.  “U.S. Stocks Post Worst Annual Losses Since 2008”. We all remember in 2008 the S&P 500 was down nearly 40%.  In 2015 the S&P 500 was down 0.7% and if you add in the dividends returned a positive of a little over…

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A Global Selloff – 01/04/16

U.S. and European stocks are dropping today, after Chinese equities plunged 7%. Spurring the sell-off, factory activity in China contracted for the 10th straight month in December. The S&P 500 snapped a three-year winning streak in 2015. The Nasdaq posted its fourth straight positive year. (CNBC) More bad news for American Express. They and Bank…

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Mood Swings for Mr Market – Janauary 6th

Equity markets have been all over the map as Mr. Market is having extreme mood swings after getting a much better than expected jobs report. Break out the medication. The private sector added 212,000 seasonally adjusted jobs in December, while government shed 12,000, driving the unemployment rate to 8.5%. That is the lowest unemployment rates…

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Jobs Picture Continues to Brighten – Janaury 5th

Good economic news in the US is getting trumped by Euro concerns. The year 2011 lives on in this respect. In general retailers posted good same store sales numbers in December, but expectations were high and some of those elevated hopes were not realized. • Costco stores were up 7%. • Ross Stores were up…

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Markets Sell On Europe – January 4th

Markets are taking a little breather out of the gate this morning after yesterday’s New Year rally. Since 1945, a positive January in an election year has never missed in predicting a full-year gain for the S&P 500, with an average 16% gain. So stay tuned. In US economic data November factory orders jumped 1.8%…

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