Month: November 2012

November
26

Provided by: Jon McGraw

Cliff? What Fiscal Cliff?

Cliff?  What fiscal cliff? Stock prices rose last week to their best weekly gain in five months as investors cheered the start of the holiday shopping season, encouraging economic data from Germany and China, improved housing data, and confidence from President Obama and Congressional leaders that the fiscal cliff will be avoided. Is this the…

Continue Reading

November
26

Provided by: Jon McGraw

Economic Notes – November 26, 2012

It was a relatively short week for economic data due to Thanksgiving, causing many to end the week on Wednesday afternoon, but some interesting housing numbers were worthy of mention. Existing home sales rose in October by +2.1%, which was a surprise relative to the expected lower by -0.1% result. The gain was the result…

Continue Reading

November
24

Provided by: Jon McGraw

Hire a Veteran!

Are you a veteran looking for work or a loan to start a business? The City of Kansas City, MO recently announced hiring preferences will be given to honorably discharged veterans who have served for a period of six months or longer, or who were disabled during their service in a qualifying period. For the purposes…

Continue Reading

November
19

Provided by: Jon McGraw

What is your sell discipline?

The announcement last week that Hostess Brands, the maker of iconic treats such as Twinkies and Ding Dongs, was going out of business highlights the need for investors to have a solid risk management strategy. As you contemplate making an investment, here are three things important to know: The rationale for the investment and the…

Continue Reading

November
19

Provided by: Jon McGraw

Economic Notes – November 19, 2012

It was a busy week as far as economic releases were concerned. Expect many of the individual numbers to be affected at least to some degree by Hurricane Sandy and its aftermath. Retail sales fell -0.3% for the week, which ended up being a shade weaker than the consensus drop of -0.2%. Much of the…

Continue Reading

November
17

Provided by: Jon McGraw

Schwab IMPACT Conference…

I was in Chicago last week at the Schwab Impact Conference where we had the opportunity to hear firsthand from several key players on todays stage.  I have to report Schwab has done a great job of making this one of the ‘must attend’ events of the year. I thought I’d highlight three of my favorite keynote sessions:…

Continue Reading

November
12

Provided by: Jon McGraw

Economic Notes – November 12, 2012

The election was the big event this week, and it happened to be a light week for economic releases. Non-Manufacturing ISM was a bit weaker than expected at 54.2 in October versus an expected 54.5. Some parts of the report were weak, such as forward-looking new orders and business activity, but employment strengthened. The ISM…

Continue Reading

November
05

Provided by: Jon McGraw

A Longer Point of View and No More Steering Wheels

Special Note: As the week wore on, the devastation from Hurricane Sandy became ever more apparent. And, while we talk about the financial markets in this commentary, we know that what happens on Wall Street pales in comparison to the tragedy and hardship facing many people in the northeast. Our thoughts and prayers go out…

Continue Reading

November
05

Provided by: Jon McGraw

Economic Notes – November 5, 2012

Last week, superstorm Sandy closed markets for Monday and Tuesday and put a damper on most routine governmental and financial services, especially on the East Coast. We wish our partners affected in the part of the country the best during the recovery process. Anecdotal stories that have come our way paint a picture of damage…

Continue Reading