author avatar
admin

Jul 30, 2018

Quarterly Market Summary and Outlook – July 2018

Nine Years Old

The economic recovery began in July 2009 – that according to the National Bureau of Economic Research, the official arbiter of recessions and economic expansions. A quick review of the math and it means the current expansion just turned nine years old, or 108 months. To add perspective, we have now surpassed the long-running expansion of the 1960’s by two months and we are now within striking distance of the all-time longest expansion, which ran through the 1990’s and lasted exactly……Quarterly Market Summary and Outlook – July 2018

 

Reproduction Prohibited without Express Permission. Copyright FDP Wealth Management. All rights reserved. Advisory Services offered through FDP Wealth Management, LLC, a state Registered Investment Adviser and Valmark Advisers, Inc. a SEC Registered Investment Advisor. Securities offered through ValMark Securities, Inc., Member FINRA/SIPC. 130 Springside Drive, Suite 300, Akron, OH 44333-2431 800.765.5201 Prosperity Partners and FDP Wealth Management, LLC are separate entities from ValMark Securities, Inc. and Valmark Advisers, Inc. Prosperity Partners, FDP Wealth Management, LLC, ValMark Securities, Inc., Valmark Advisers Inc., and their representatives do not offer tax advice. You should consult your tax professional regarding your individual circumstances. Indices are unmanaged and cannot be invested directly in. Past performance is not a guarantee of future results.

Indices are unmanaged and do not incur fees, one cannot directly invest in an index. You should consult your tax professional regarding your individual circumstances. This information is provided by Financial Jumble, LLC. Financial Jumble, LLC is a separate entity from ValMark Securities, Inc. and ValMark Advisers, Inc.

RELATED POSTS

Hiring Ramps Up

Well, that was a pleasant surprise. The US Bureau of Labor Statistics (BLS) reported that nonfarm payrolls rose by 172,000 in May, more than double the 80,000 economists had expected, according to a Wall Street Journal survey.

An AI Boost to Jobs

What’s driving bond yields higher? Since the recent low, the 10-year Treasury yield has climbed nearly three-quarters of a percentage point. The 10-year is a key benchmark because many borrowing rates, including mortgage rates, closely track its movements.

Bond Yields on the Rise

What’s driving bond yields higher? Since the recent low, the 10-year Treasury yield has climbed nearly three-quarters of a percentage point. The 10-year is a key benchmark because many borrowing rates, including mortgage rates, closely track its movements.

A Profits Gusher

S&P 500 corporate profits are surging in the first quarter, helping to push both the S&P 500 Index and the tech-heavy Nasdaq Composite to new highs this month.

April Flowers: A Brighter Jobs Picture

On Thursday, the US Bureau of Economic Analysis reported that Gross Domestic Product (GDP), the largest measure of goods and services, expanded at an annual rate of 2.0% in the first quarter.