Weekly Updates

Weekly Update: September 16, 2019 – Dow Logs 8-Day Win Streak

September 17, 2019


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Featured Article: Dow Logs 8-Day Win Streak


Economic Calendar


Quote of the Week


Recipe of the Week: Fall Chicken Casserole


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


Dow Logs 8-Day Win Streak

Stocks edged toward all-time peaks during a relatively calm week marked by easing trade tensions. Friday marked the eighth straight daily advance for the Dow Jones Industrial Average.

Small-cap shares, as tracked by the Russell 2000 index, rose 4.85% in five days. The S&P 500 improved 0.96% for the week, while the Dow and Nasdaq Composite respectively advanced 1.57% and 0.91%. Foreign shares added 1.22%, according to the MSCI EAFE index.

A Delay for Planned October Tariff Hikes
Existing tariffs on $250 billion of Chinese imports were slated to rise from 25% to 30% on October 1, but the White House decided Thursday to postpone the increase until October 15, in a “gesture of good will” honoring a request from Chinese Vice Premier Liu He.

Bloomberg reported last week that some White House officials were considering an “interim” trade agreement that could pause some import taxes on Chinese products, so long as China agrees to…

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Weekly Update: September 9, 2019-Dow, Nasdaq, S&P 500 Advance

September 10, 2019


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Featured Article: Dow, Nasdaq, S&P 500 Advance


Economic Calendar


Quote of the Week


Recipe of the Week: Egg Muffins


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


Dow, Nasdaq, S&P 500 Advance

Stocks rose last week, with help from two developments: the announcement of further U.S.-China trade talks as well as August hiring and manufacturing numbers that seemed to bolster the argument for a rate cut by the Federal Reserve.

The broad U.S. equity market, as represented by the S&P 500, added 1.79% during a 4-day trading week. The Dow Jones Industrial Average improved 1.49%; the Nasdaq Composite, 1.76%. Foreign shares tracked by the MSCI EAFE index gained 1.69%.

Trade Talks Poised to Restart
Trade representatives from the U.S. and China are planning to head back to the negotiating table early next month. This news came Thursday from China’s ministry of commerce, which confirmed a verbal agreement among Secretary of the Treasury Steven Mnuchin, U.S. Trade Representative Robert Lighthizer, and Chinese Vice Premier Liu He.

Formal trade discussions between the U.S. and China last happened in …

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Weekly Update: September 3, 2019-Stocks Rally as August Ends

September 3, 2019


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Featured Article: Stocks Rally as August Ends


Economic Calendar


Quote of the Week


Recipe of the Week: Potato Salad


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


Stocks Rally as August Ends

The Week on Wall Street
Fears of an impasse in the U.S.-China trade dispute lessened last week. While additional U.S. tariffs on Chinese imports were scheduled to take effect on September 1, China’s government communicated that it would refrain from taking retaliatory measures for the moment.

U.S. stock benchmarks advanced during the week. The S&P 500 rose 2.79% across five trading days, and the Nasdaq Composite and Dow Jones Industrial Average respectively gained 2.72% and 3.02%. The MSCI EAFE international index added just 0.25%.

Positive News in the Trade Dispute
Thursday, a spokesman for China’s commerce ministry said that negotiations could resume this month, and that discussions need to focus on “removing the new tariffs to prevent escalation.”

In addition, officials in Beijing indicated they would…

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Weekly Update: August 26, 2019-China Announces More Tariffs

August 27, 2019


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Featured Article: China Announces More Tariffs


Economic Calendar


Quote of the Week


Recipe of the Week: DIY Pesto


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


China Announces More Tariffs

The Week on Wall Street
Traders assumed that the week’s biggest news event would be Federal Reserve Chairman Jerome Powell’s speech at the annual Jackson Hole banking conference. Instead, China seized the headlines by announcing new tariffs on U.S. goods.

Domestic stocks ended up lower for the week. The Nasdaq Composite fell 1.83%; the S&P 500, 1.44%; the Dow Jones Industrial Average, 0.99%. International stocks posted a weekly gain: the MSCI EAFE benchmark rose 0.96%.

Beijing Plans New Tariffs
Friday morning, China’s finance ministry stated it would levy import taxes of 5-10% on an additional $75 billion of American imports. One set of tariffs is slated to start September 1, targeting U.S. crops, meats, and seafood. A second set, effective December 15, will put tariffs on U.S.-made cars and car parts. In total, these taxes are scheduled for more than 5,000 American products.
Friday evening, the White House announced…

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Weekly Update: August 19, 2019-Equities Face Some Volatility

August 19, 2019


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Featured Article: Equities Face Some Volatility


Economic Calendar


Quote of the Week


Recipe of the Week: Homemade Vanilla Ice Cream


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


Equities Face Some Volatility

The Week on Wall Street
U.S. stock indices saw significant ups and downs last week, with traders looking for economic cues from Treasury yields and also developments in the tariff fight between the U.S. and China.
The S&P 500 lost 1.03% on the week; the Dow Jones Industrial Average and Nasdaq Composite respectively declined 1.53% and 0.79%. Overseas shares also retreated: the MSCI EAFE index lost 2.34%.

Attention on the Bond Market
Wednesday, the yield of the 2-year Treasury bond briefly exceeded that of the 10-year Treasury bond. When this circumstance occurs, it signals that institutional investors are less confident about the near-term economy. That view is not uniform. Asked whether the U.S. was on the verge of an economic slowdown, former Federal Reserve Chair Janet Yellen told Fox Business “the answer is most likely no,” noting that the economy “has enough strength” to avoid one.

The demand for bonds has definitely pushed prices for 10-year and 30-year Treasuries higher, and their yields are now lower (bond yields usually fall as bond prices rise). The 30-year Treasury yield hit a…

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Weekly Update: August 12, 2019-Trade Tensions Affect Stocks

August 12, 2019


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Featured Article: Trade Tensions Affect Stocks


Economic Calendar


Quote of the Week


Recipe of the Week: Baked Kale Chips


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


Trade Tensions Affect Stocks

The Week on Wall Street
Stocks spent much of last week rebounding from a Monday drop that reflected nervousness about the U.S.-China trade fight. By Thursday’s closing bell, the S&P 500 had regained all its Monday losses – but it descended again on Friday.

The three big U.S. equity benchmarks finished the week lower: the S&P declined 0.46%; the Dow Jones Industrial Average, 0.75%; the Nasdaq Composite, 0.56%. A broad index of foreign shares, the MSCI EAFE, lost 0.95%.

China Devalues Its Currency
Last Monday, stocks fell 3% in reaction to the overnight weakening of the Chinese yuan. A weaker yuan makes Chinese exports cheaper for buyers who pay for them in dollars.

Critics quickly accused China of manipulating its currency to strike back at the U.S. The federal government plans to impose tariffs on nearly all Chinese products next month, likely making those goods more expensive to…

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Weekly Update: August 5, 2019-Fed Cuts Rates, Stocks Retreat

August 6, 2019


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Featured Article: Fed Cuts Rates, Stocks Retreat


Economic Calendar


Recipe of the Week: Amish Sugar Cookies


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


Fed Cuts Rates, Stocks Retreat

The Week on Wall Street
Last week, the Federal Reserve cut interest rates for the first time in more than a decade, in line with Wall Street’s expectations. Ironically, stocks had their worst week of 2019.

The S&P 500 finished the week 3.10% lower. The Dow Jones Industrial Average and the Nasdaq Composite also posted weekly losses; the blue chips fell 2.60%, while the premier tech benchmark slumped 3.92%. International stocks tracked by MSCI’s EAFE index dipped 1.06%.

Fed Cuts Benchmark Interest Rate
On Wednesday, the central bank reduced the federal funds rate by 0.25%. The latest Fed policy statement noted that “global developments” and “muted inflation” influenced …

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Weekly Update: July 29, 2019-S&P & Nasdaq Outgain Dow

July 30, 2019


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Featured Article: S&P & Nasdaq Outgain Dow


Economic Calendar


Recipe of the Week: Chili-Rubbed Ribs


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


S&P & Nasdaq Outgain Dow

The Week on Wall Street
Last week, investors assessed earnings and the initial estimate of second-quarter economic growth, while awaiting the Federal Reserve’s next announcement about interest rates.

Stocks rose for the week; particularly, tech shares. The S&P 500 gained 1.65%; the Nasdaq Composite, 2.26%. The Dow Jones Industrial Average lagged, adding just 0.14%. MSCI’s EAFE index, a gauge of equity performance in developed foreign markets, ticked up 0.01%.

Economy Grew Moderately in Q2
Analysts surveyed by Dow Jones Newswires had forecast 2.0% Gross Domestic Product (GDP) for the second quarter. The actual estimate, announced Friday by the Bureau of Economic Analysis, was slightly…

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Weekly Update: July 22, 2019-Stocks Descend from Recent Peaks

July 23, 2019





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Featured Article: Stocks Descend from Recent Peaks


Economic Calendar


Recipe of the Week: One-Pan, Cheesy Potato Casserole


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


Stocks Descend from Recent Peaks

The Week on Wall Street
Stock benchmarks retreated during the first week of the second-quarter earnings season. As some big names shared quarterly results, investors seemed more interested in what might happen at the Federal Reserve’s upcoming policy meeting.

For the week, the S&P 500 declined 1.23%. The Dow Jones Industrial Average lost 0.65%, and the Nasdaq Composite, 1.18%. International stocks, measured by the week-over-week performance of the MSCI EAFE index, were down 0.79%.

Households Bought More Last Month
Retail sales were up 0.4% in June, according to the Department of Commerce. Consumer purchases account for more than two-thirds of America’s gross domestic product, and data like this may rebut some assertions that the economy is …

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Weekly Update: July 15, 2019-S&P 500 Tops 3,000

July 16, 2019





Table of Contents



Featured Article: S&P 500 Tops 3,000


Economic Calendar


Recipe of the Week: Strawberry & Barley Summer Salad


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


S&P 500 Tops 3,000

The Week on Wall Street
Friday, the S&P 500 settled above 3,000 for the first time, after rising 0.78% for the week. The Dow Jones Industrial Average chalked up a milestone of its own: the blue chips ended the week above 27,000, gaining 1.52% on the way. Additionally, the Nasdaq Composite wrapped up the week 1.01% higher. The MSCI EAFE index, a gauge of overseas developed markets, fell 0.65%.

Stocks rallied at midweek with help from Federal Reserve Chairman Jerome Powell’s congressional testimony on monetary policy, plus the latest Fed meeting minutes.

Jerome Powell’s Statements
Wednesday, Chairman Powell told Capitol Hill lawmakers that “uncertainties around global growth and trade continue to weigh on the outlook” of the Federal Open Market Committee. He also noted that “manufacturing, trade, and investment are…

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