Retail Sales: Up 0.33% in December
The Census Bureau's Advance Retail Sales Report for December was released this morning. Headline sales came in at 0.33% month-over-month to one decimal and at below the Investing.com forecast. Core sales (ex Autos) came in at 0.75% MoM (to two decimals).
Antithesis of 1981
One of our favorite financial writers is Bloomberg’s John Authers. He recently wrote a tongue-in-cheek article about an investment company by the name of Hindsight Capital. In hindsight, or in the company’s case, Hindsight Capital, he talked about what the firm did and what you should have done over the last ten years to produce outstanding returns.
Long-Term Trends in Employment by Age Group
The Labor Force Participation Rate (LFPR) is a simple computation: You take the Civilian Labor Force (people age 16 and over employed or seeking employment) and divide it by the Civilian Noninstitutional Population (those 16 and over not in the military and or committed to an institution).
ISM Non-Manufacturing: Increase in December
The Institute of Supply Management (ISM) has now released the December Non-Manufacturing Purchasing Managers' Index (PMI), also known as the ISM Services PMI. The headline Composite Index is at 55.0 percent, up 1.1 from 53.9 last month. Today's number came in above the Investing.com forecast of 54.5 percent.
7-Difficult Trading Rules To Follow In Bull Markets
As we wrap up the decade. it is a good time to review the 7-impossible trading rules to follow in a bull market. These rules are not new, or unique, but they are the foundation of long-term investing success.
SECURE Act Passage Heightens Retirement Security
A sweeping piece of legislation affecting how individuals save and invest for their retirement, known as the “SECURE Act,” has recently been signed into law. Our investment professionals talk about the implications of the Act, and how it can enhance the retirement security of millions of Americans. And, they outline some changes in the legislation that also affect college savings plans.
S&P/Case-Shiller Home Price Index: October
With today's release of the October S&P/Case-Shiller Home Price Index, we learned that seasonally adjusted home prices for the benchmark 20-city index were up 0.4% month over month which is cut to 0.2% with inflation adjustment.
Why Making Financial Planning a True Profession May Harm Consumers
Like many financial planners, I hope for the day when we are accorded the same professional stature as lawyers and accountants. But the CFP Board should not be put at the helm of that future profession. That would harm consumers and erode the public trust we have worked so hard to engender.
King Boris’s First Test
With the United Kingdom’s withdrawal from the European Union now set to take effect on January 31, 2020, the most important challenge facing UK Prime Minister Boris Johnson is negotiating his country's new relationship with the bloc. He has every incentive to keep that process as non-controversial as possible.
Visualizing GDP: An Inside Look at the Q3 Third Estimate
The accompanying chart is a way to visualize real GDP change since 2007. It uses a stacked column chart to segment the four major components of GDP with a dashed line overlay to show the sum of the four, which is real GDP itself. Here is the latest overview from the Bureau of Labor Statistics.