3 Tips for a Successful Outsourcing Relationship
There are several obvious benefits to outsourcing. Whether you need technology solutions or support, investment management or financial planning solutions, compliance or marketing, outsourcing can help free up your time so you can focus on helping your clients’ meet their needs and achieve their goals. Understanding and managing the outsourcing relationship is critical. Here are […]
A bit of a rebound
After struggling earlier in the week, equities rallied to finish the week higher on back of strong earnings and positive economic news. Real estate, materials and consumer discretionary sectors outperformed while communication services lagged.
Crude Highest Since 2014
Crude prices crossed the $80 per barrel last week, the highest level since 2014. The energy demand rebound from the depths of COVID-19 combined with global transport bottlenecks complicating fuel distributions has raised prices for oil, gas, and coal. The rebound helped energy stocks rally for the week while airline shares lagged due to higher fuel costs. Higher oil prices will provide additional upward pressure on inflation,
September Effect
Since 1950, the Dow Jones Industrial Average has averaged a 0.8% decline, and the S&P 500 had a 0.5% drop during September, according to Investopedia. This annual anomaly is named “The September Effect.” This September was no different. Last week, equities pulled back on inflation and interest rate fears to close the month in the red for major equity indexes.
Evergrande Losses Reversed
Fears of financial contagion coming from Chinese developer Evergrande, the country’s second largest, sent stocks diving at the start of the week. By Thursday, the losses were reversed as investors became more confident that the damage was mostly limited to China.
Monthly Performance Report August 2021
To the casual eye equity markets led by the S&P 500 index-free climbs past another record gain of 2.38% in July was anything but routine. With close scrutiny as the undertow from the economic skepticism from the delta variant and emerging markets uncertainty with China’s sudden stock market crackdown temporarily splintered the global recovery. What should have been a choreographed global economic recovery instead behaved like an economic slowdown from the composition of the equity and bond markets.
Storms Stir Up Energy Stocks
Stocks finished the week lower on mixed economic data. Energy stocks gained for the week as storms in the Gulf of Mexico threatened to disrupt oil production while materials and utilities lagged. The August CPI came in lower than expected, supporting the Federal Reserve’s position that transitory factors are caused by rising prices.
5 Myths About Becoming an Independent Financial Advisor
There are a lot of misconceptions about becoming an Independent Financial Advisor. For those financial advisors considering independence, we know change can be scary and uncertain. You may be asking these questions: Will my clients follow me? Will my income be as good as it is now? How will I handle all the paperwork and […]
Is it STAGFLATION?
Some investors fear a slowing economy, while others fear higher inflation. And some fear that both will happen, which is called stagflation. We might get an indication of which is the case this week with the August sales report and the Consumer Price Index (CPI) data.
Full FDA Approval Helps Sentiment
It was a good week for equities as stocks hit new all-time highs once again. The Pfizer Vaccine’s full FDA approval helped sentiment early in the week before turning sad with the news of an attack at Kabul airport in Afghanistan. Investor sentiment ended on a high note with the Federal Reserve Chairman Powell on Friday.