It’s the economy stupid! These famous words were a central theme of Bill Clinton’s successful campaign against George H.W. Bush. While the Clinton campaign in 1992 was focused on the recession the U.S. was facing at the time, the performance of the economy has a more significant impact on politics than you might think. This [...]
Election Collection: Does the Economy Pick the President?
U.S. Growth Springs Forward In Q3
In times of market volatility, we advise investors to focus on the big picture. Right now, the big picture is full of many bright spots. The biggest bright spot was announced last week when the U.S. Bureau of Economic Analysis released the first estimate of third quarter U.S. Gross Domestic Product (GDP). They reported that [...]
Bellatore Board Member Stephanie Bogan Blogging for InvestmentNews
We are excited to share that Stephanie Bogan, a member of Bellatore Financial’s Board and founder of Quantuvis Consulting, is now writing for InvestmentNews. She is a featured expert contributing to the blog Outside-In: Outside voices and views for advisers. Here first column, “Don’t mistake achievement for passion and purpose,” was published earlier this month [...]
Paltry Increase in Social Security for 2017
Last week the Social Security Administration announced a slight increase in Social Security benefits for the New Year. After a year with no increase in social security benefits, any increase is welcomed, but the coming year’s increase won’t pay for much more than a cup of coffee. The monthly Social Security and Supplemental Security Income [...]
Where should interest rates really be?
Last week, the Federal Reserve pleased global stock markets by leaving interest rates unchanged. The Fed felt that, even though the unemployment rate is low, the labor market still had some slack and that inflationary pressures were still not strong enough. In a nutshell, Chair Janet Yellen stated, “We judged that the case for an increase has strengthened but decided for the time being to wait for further evidence of continued progress toward our objectives.”
Why are investors so glum?
Investors are not excited about stock investing right now. In the September 15, 2016, sentiment report by The American Association of Individual Investors, they found the following: 27.9% of investors were bullish on the market moving higher (versus a long-term average of 38.5%) 36.1% of investors were neutral on the market (versus the long-term average [...]
Quiet Market Finally Speaks Up
The streak is over. Last Friday, U.S. stocks ended their streak of trading within the narrow range. Prior to Friday’s decline of -2.5% (Source: Yahoo! Finance), the S&P 500 Index went 43 trading days without moving up or down 1% in a single trading day. Since 1990, there were only 12 other time periods where [...]
A Winning Combination: Labor and the Economy
By Jonathan Scheid In honor of Labor Day and our recent jobs report, we felt it was an appropriate time to review labor around the globe. As we discussed many times in the past, job growth and employment are vital to an economy’s expansion and a nation’s well-being. With seemingly every developed nation’s central bank [...]
Down, Set, Hike!?!
By Jonathan Scheid Unemployment is down and the economy seems set for a moderate pace of growth, so it is time for another interest rate hike? That is one conclusion we could take from Janet Yellen’s, the Chairperson of the Federal Reserve, recent comments at a central bank conference in Jackson Hole, Wyoming. But, a [...]
What is Behind Post-Brexit Market Gains?
Global stock markets experienced a strong rally following the United Kingdom referendum vote. While the initial market reaction to the news of the U.K. voting to leave the European Union was quick selling, investors just as quickly changed their tune. U.S. stocks, international stocks and emerging market stocks have all been moving up over the two months following the vote.