Weekly Updates

Weekly Update: November 11, 2019-Dow, S&P 500 Extend Win Streaks

November 11, 2019


Table of Contents



Featured Article: Dow, S&P 500 Extend Win Streaks


Economic Calendar


Quote of the Week


Recipe of the Week: WWII “Soldier Kisses” Cookies


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


Dow, S&P 500 Extend Win Streaks

Domestic and international stocks rose last week. Risk appetite outweighed concerns about the state of U.S.-China trade discussions.

The Dow Jones Industrial Average, Nasdaq Composite, S&P 500, and MSCI EAFE all ended the week with gains. Blue chips led the way, as the Dow added 1.22%. The Nasdaq improved 1.06%; the S&P, 0.85%. The EAFE, tracking developed stock markets away from North America, was up 0.76%. The Dow recorded its third straight weekly gain; the S&P, its fifth.

Will Tariffs Phase Out or Remain?
Thursday, a spokesman for China’s commerce ministry said that U.S. and Chinese trade representatives had “agreed to remove” existing tariffs in “phases,” while working toward a new trade deal.

On Friday morning, President Trump told the media …

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Weekly Update: November 4, 2019 – More Historic Highs

November 5, 2019


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Featured Article: More Historic Highs


Economic Calendar


Quote of the Week


Recipe of the Week: Brunch Frittata


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


More Historic Highs

A better-than-forecast jobs report prompted a stock market rally Friday, two days after traders witnessed another interest rate cut by the Federal Reserve. Both the S&P 500 and Nasdaq Composite ended the week at historic peaks, while the Dow Jones Industrial Average settled less than 12 points under its all-time record close. The Nasdaq rose 1.74% for the week; the S&P gained 1.47%. The Dow added 1.44%. MSCI’s EAFE benchmark, which measures developed stock market performance outside the U.S. and Canada, improved 0.58%.

This net increase far surpassed the gain of 85,000 projected by a Bloomberg poll of economists. These job gains occurred even as last month’s General Motors strike impacted hiring in the manufacturing sector. Unemployment rose slightly to 3.6% in October, an effect of more people entering the job market. Likewise, the U-6 rate, counting both unemployed and underemployed, Americans ticked up to 7.0%.

Last week, the central bank made its third quarter-point rate cut since July, leaving the target range for…

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Weekly Update: October 28, 2019 – S&P 500 Nearly Makes History

October 28, 2019


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Featured Article: S&P 500 Rise Nearly Makes History


Economic Calendar


Quote of the Week


Recipe of the Week: Snickerdoodle Spider Cookies


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living



Happy 75th Birthday, Lula!

We want wish our client, Lula a very happy 75th birthday. Some people don’t just motivate, they inspire. You’re an inspiration to so many, Lula! We hope you enjoyed your party. Thank you for including us in your celebration!


S&P 500 Rise Nearly Makes History

The S&P 500 came within 0.1% of a record close Friday. Stocks were lifted last week by positive news on U.S.-China trade negotiations, plus earnings announcements. The Nasdaq Composite posted the largest weekly gain of the three major U.S. stock indices. It rose 1.90%. Last week also brought gains of 0.70% for the Dow Jones Industrial Average and 1.22% for the S&P. The MSCI EAFE, a benchmark for developed stock markets outside the U.S., rose 1.14%.

Friday, the Office of the U.S. Trade Representative stated that parts of a new trade deal with China were near completion. No specifics were given as of Friday’s close, but the USTR noted that negotiators had “made headway” on key issues. Analysts think both sides may cancel certain tariffs as part of a deal. President Trump has said that he would like to sign a new trade accord with China’s President, Xi Jinping, next month.

Rising to a final October mark of 95.5, the University of Michigan’s Consumer Sentiment Index advanced 2.3 points month-over-month. During August and September…

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Weekly Update: October 21, 2019 – Nasdaq Composite, S&P 500 Rise

October 21, 2019


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Featured Article: Nasdaq Composite, S&P 500 Rise


Economic Calendar


Quote of the Week


Recipe of the Week: Cider-Braised Chicken Thighs


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


Nasdaq Composite, S&P 500 Rise

Earnings helped give the Nasdaq Composite and S&P 500 a slight lift last week, offsetting investor disappointment over the small scope of the preliminary U.S.-China trade deal reached on October 11. Blue chips took a small weekly loss. The Nasdaq and S&P respectively gained 0.40% and 0.54% on the week. The Dow Jones Industrial Average retreated just 0.17%. Outdoing these three benchmarks, the MSCI EAFE index tracking stocks in developed overseas markets rose 1.35%.

According to stock market analytics firm FactSet, 15% of S&P 500 companies had reported results through Friday’s close. Of those companies, 84% announced that net profits topping projections, and 64% said that revenues had exceeded forecasts. One big question is whether overall earnings for S&P 500 firms will show year-over-year growth. There was no year-over-year earnings gain evident in either Q1 or Q2.

Shoppers scaled back their purchases in September. The Census Bureau announced…

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Weekly Update: October 14, 2019 – Trade Winds Move the Market

October 14, 2019


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Featured Article: Trade Winds Move the Market


Economic Calendar


Quote of the Week


Recipe of the Week: Pretty-in-Pink Deviled Eggs to Celebrate Breast Cancer Awareness Month


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


Trade Winds Move the Market

Stock prices pushed higher last week, as investors remained hyper-focused on any new developments with the U.S. trade negotiations with China.

The Dow Jones Industrial Average picked up 0.91%, while the Standard & Poor’s 500 rose 0.62%. The Nasdaq Composite index gained 0.93% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, added 2.28%.

For nearly two years, investors’ moods have seemed to swing with each twist in the ongoing trade saga between the U.S. and China. Last week was no different. On Tuesday, stock prices fell sharply on concerns that U.S.-China trade tensions had escalated. The White House announced the addition of 28 new Chinese companies to its list of firms that are banned from doing business in the U.S. Later in the day, White House officials confirmed that they had implemented travel bans on selected Chinese officials.

But prices bounced back Thursday and surged higher Friday on White House reports that suggested the trade talks between…

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Weekly Update: October 7, 2019 – Special Update: Quarterly Report

October 7, 2019


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Featured Article: Special Update – Quarterly Report


Economic Calendar


Quote of the Week


Recipe of the Week: Baked Donuts


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


Special Update – Quarterly Report

The fourth quarter started with a mixed week for equities. The Dow Jones Industrial Average lost 0.92% for the week; the S&P 500, 0.33%. In contrast, the Nasdaq Composite improved 0.54%. Overseas stocks pulled back: the MSCI EAFE index dipped 2.60%.

The Institute for Supply Management’s Manufacturing Purchasing Manager Index fell to 47.8 in September, its lowest level in ten years. Traders worried that the number reflected weakening business confidence. ISM’s latest Non-Manufacturing PMI also declined, but the 52.6 reading indicated growth in the service sector last month.

The Department of Labor said that employers added 136,000 net new workers in September. Unemployment was at 3.5%, a level last seen in December 1969. The U-6 jobless rate, which counts both the unemployed and underemployed, fell to a 19-year low of 6.9%. Monthly job creation has averaged…

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Weekly Update: September 30, 2019 – Benchmarks End Week Lower

October 1, 2019


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Featured Article: Benchmarks End Week Lower


Economic Calendar


Quote of the Week


Recipe of the Week: Slow Cooker Ziti


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living



Bryan Slovon Awarded Prestigious Financial Consultant Credential

We are proud to announce that Bryan Slovon has received the impressive credential of Master Registered Financial Consultant (MRFC®). The mark of this professional status is a pledge by Bryan to continued education, professional improvement, and ethical behavior towards his client base.

Bryan has taken his commitment of excellence to the next level by fulfilling all the requirements including experience, education, licensing, business integrity and successfully passing the rigorous MRFC exam. In this day and age of consumer scrutiny of the financial services industry and its representatives, it is significant to have proper credentials identifying a solid business background and integrity when affecting the financial future of others.

With over 25 years of service, Bryan provides his clients with a comprehensive financial planning approach by utilizing the trademarked Stuart Retirement Review® process (SRR). A process designed to help SFG clients achieve simplicity and confidence during their retirement years. The SRR process is focused on five critical areas of one’s financial life.
Income Planning, Investment Planning, Tax Planning, Health Care Planning, and Legacy Planning.
His mission is to help manage and preserve the wealth of his clients and their families so they worry more about their life and less about their money.

Benchmarks End Week Lower

Stocks retreated last week. Traders worried that the formal impeachment inquiry of President Donald Trump might distract White House officials from their pursuit of a trade deal with China, and shift the focus of Congress away from consideration of the United States-Mexico-Canada Agreement (USMCA). Also, news broke Friday that the White House was considering restricting levels of U.S. investment in Chinese firms.

The Dow Jones Industrial Average lost less than the Nasdaq Composite and S&P 500. Blue chips declined 0.43% week-over-week, while the S&P fell 1.01% and the Nasdaq dipped 2.19%. The MSCI EAFE index, tracking developed overseas stock markets, lost 0.89%.

Incomes Grow, Spending Slows
Data released Friday by the Bureau of Economic Analysis showed household incomes rising 0.4% in August. Consumer spending…

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Weekly Update: September 23, 2019 – Stocks Stage A Modest Retreat

September 23, 2019


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Featured Article: Stocks Stage a Modest Retreat


Economic Calendar


Quote of the Week


Recipe of the Week: Hash Brown Waffles for Brunch


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


Stocks Stage a Modest Retreat

Investors reacted to two major news items last week, one far more of a surprise than the other. The Federal Reserve did indeed make a rate cut, matching Wall Street expectations. Drone strikes on two of the world’s largest oil fields brought a shock to the global oil market.

At Friday’s closing bell, stocks wound up with weekly losses after news broke that Chinese trade officials were heading home from the U.S. sooner than planned. The S&P 500 retreated 0.51% week-over-week; the Dow Jones Industrial Average lost 1.05%, and the Nasdaq Composite dipped 0.72%. In developed foreign markets, shares tracked by the MSCI EAFE index fell 0.31%.

Another Quarter-Point Cut
Wednesday, the Federal Open Market Committee voted 7-3 to lower the benchmark interest rate by another 0.25%, to a range of 1.75% to 2.00%.
While traders looked for signs of future guidance on monetary policy, little emerged from the latest Fed policy statement and Fed chair Jerome Powell’s subsequent press conference. The updated dot-plot forecast showed…

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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


Table of Contents



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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