Month: January 2014

January
29

Provided by: Jon McGraw

Fed Notes – January 29, 2014

After the much-anticipated taper in December, what could the Fed possibly do now to follow-up? Turns out, more taper. This is despite economic data in recent weeks looking a bit less robust than in the weeks prior (however, there may be natural seasonal volatility associated with this, not to mention extreme weather). The magnitude of…

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January
27

Provided by: Jon McGraw

Markets Stutter…

Was last week a stutter step or have markets lost their balance? Anybody who knows football can tell you a lot goes into every play. Strategy, practice, game review, and preparation all affect outcomes, as do decisions and execution during games. Many, many factors influence gains and losses on the field. Similarly, numerous issues affect…

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January
27

Provided by: Jon McGraw

Economic Notes – January 27, 2014

After a fairly busy week, the MLK holiday led off a quieter one in terms of economic data releases. (-) The Markit manufacturing PMI fell from 55.0 in December to 53.7 in January (versus expectations for an unchanged reading). Within the index, new orders, output and employment all fell by up to a few points—with…

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January
20

Provided by: Jon McGraw

Economic Notes – January 20, 2014

It was a very busy week in regard to economic releases, so we had to be a bit brief for a few of the less critical pieces. (+) Retail sales for December came in stronger than anticipated on a relative basis, gaining +0.2% compared to consensus expectations of +0.1%. Removing the choppier items of autos,…

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January
13

Provided by: Jon McGraw

Trade & Jobs – Here Today, Gone Tomorrow

The People’s Republic of China (PRC) appears to have taken the words of American industrialist Henry Ford to heart. Ford said, “There is one rule for the industrialist and that is: Make the best quality of goods possible at the lowest cost possible, paying the highest wages possible.” Last week, we learned from CNBC China’s…

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January
13

Provided by: Jon McGraw

Economic Notes – January 13, 2014

(0/-) The ISM Non-manufacturing index came a bit weaker than expected, falling from November’s 53.9 to 53.0 for December (expectations called for 54.7). On the positive side, employment improved by several points, while business activity was generally flat, and new orders and inventories fell by over 6 points each. This isn’t entirely surprising, as services…

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January
06

Provided by: Jon McGraw

Out of Bubbles? Best Inventions of 2013

Like a half-full bottle of champagne that was left uncorked overnight, stock markets were anything but effervescent during the first few days of 2014. On Tuesday, December 31, the Standard & Poor’s 500 Index (S&P 500) bubbled upwards, finishing 2013 at an all-time high. On Wednesday, markets were closed as Americans celebrated the New Year….

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January
06

Provided by: Jon McGraw

Economic Notes – January 6, 2014

(+) The ISM Manufacturing survey came in stronger than expected for December, at 57.0 versus a forecasted 56.8, but was a bit lower than November’s 57.3 result. Underlying data was similarly strong, little changed from the prior month, with higher readings in new orders (actually, the best since spring 2010) and employment and a bit…

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January
01

Provided by: Jon McGraw

Put Planning in Employer Retirement Plans

Google “retirement savings success stories” and you’ll have nearly 25 million hits about successfully retiring early, amassing hundreds of thousands of dollars in retirement savings, sprinkled with articles about planning. Planning is the key, whether you’re one who diligently reviews the previous year’s progress or one who simply keeps plugging contributions into an employer-sponsored plan…

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