Truth in Wealth Building

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Listen to the Radio Show Now

Back to the Flatline

Today is the last trading day of the month and first quarter. Yesterday the S&P 500 and Dow closed at their highest level of 2016 for the second day in a row. (CNBC) Mortgage applications, fell by 1% last week. That was largely due to a drop in refinancings, which slipped 3%. The refinance share…

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Consumers feeling confident

Consumers were feeling more optimistic in March. The Consumer Confidence Index hit 96.2. Consumers surveyed believe current business conditions are good. In March, 24.9% said conditions were good, while 18.8% said conditions were bad. 15% of consumers expect business conditions to improve in the next six months, while 9.2% expect conditions to worsen. (The Conference…

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Yellen About Interest Rates

Markets are cautious this morning before a speech today by Fed chair Janet Yellen in New York. Investors will be looking for any possible clues as to the latest outlook on interest rate increases. (CNBC) Consumer spending moved up 0.1% last month. Consumer spending accounts for more than two-thirds of U.S. economic activity. Consumer spending…

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Hour 2 of Financial Focus March 26

Financial Focus Radio Show hour two of the podcast you can listen to right now.

GDP Picks Up

With four trading days left in the first quarter the Dow is slightly positive to for the year, the S&P 500 is slight negative and the Nasdaq is off nearly 4.7% in 2016. (CNBC) The Commerce Department says orders for durable goods, items meant to last three years or more, declined 2.8% in February. Manufacturing,…

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A Good Friday message

Blessed Good Friday to everyone. US markets are closed today in observance of the Christian holiday. So let’s talk about those end of the world predictions we keep hearing in financial markets. Making predictions is a lot like being a weatherman. The more sensational the claim the more attention it garners. In most cases those…

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