Dow, Nasdaq, S&P 500 Advance

 

WEEKLY UPDATE – SEPTEMBER 10, 2019

 

“Education is the key to unlocking the world,
a passport to freedom.”

 

-Oprah Winfrey

 

 

The Week on Wall Street
Stocks rose last week, with help from two developments: the announcement of further U.S.-China trade talks as well as August hiring and manufacturing numbers that seemed to bolster the argument for a rate cut by the Federal Reserve.

 

The broad U.S. equity market, as represented by the S&P 500, added 1.79% during a 4-day trading week. The Dow Jones Industrial Average improved 1.49%; the Nasdaq Composite, 1.76%. Foreign shares tracked by the MSCI EAFE index gained 1.69%.[1][2][3]
 

 
Trade Talks Poised to Restart
Trade representatives from the U.S. and China are planning to head back to the negotiating table early next month. This news came Thursday from China’s ministry of commerce, which confirmed a verbal agreement among Secretary of the Treasury Steven Mnuchin, U.S. Trade Representative Robert Lighthizer, and Chinese Vice Premier Liu He.

 

 

 

Formal trade discussions between the U.S. and China last happened in July. China has said that it wants punitive U.S. tariffs on its products removed in the event of a deal.[4]
 

 
Weaker Hiring & Manufacturing Data
Payrolls expanded with just 130,000 net new jobs in August, according to the Department of Labor; 25,000 were temp jobs linked to the federal government’s 2020 Census. The main jobless rate stayed at 3.7%. The U-6 rate, which measures both unemployment and underemployment, rose 0.2% to 7.2%.

 

 

 

A key gauge of U.S. factory activity, the Institute for Supply Management’s manufacturing purchasing manager index, fell to 49.1 in August. A number below 50 indicates factory sector contraction. Some investors took these hiring and manufacturing reports as hints of a slowing economy, one which the Federal Reserve could potentially try to stimulate with an interest rate cut.[5][6]
 

 
What’s Ahead
August inflation data arrives this week, and if looks especially mild, it may amount to another suggestion that the Fed should ease. The European Central Bank concludes a meeting on Thursday, and Fed officials will certainly pay attention to its latest policy statement.[7]
 
THE WEEK AHEAD: KEY ECONOMIC DATA
Thursday: A new Consumer Price Index, tracking both monthly and yearly inflation.
Friday: The August retail sales report from the Census Bureau.

 

 

Source: Econoday / MarketWatch Calendar, September 6, 2019
The Econoday and MarketWatch economic calendars list upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to be providing accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts also are subject to revision.

 

 

THE WEEK AHEAD: COMPANIES REPORTING EARNINGS
Thursday: Broadcom (AVGO), Kroger (KR)

 

 

Source: Zacks, September 6, 2019
Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Any investment should be consistent with your objectives, time frame and risk tolerance. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule when they report earnings without notice.

 

 

 

 

Egg Muffins

 

[12 muffins]

Ingredients:

  • 12 eggs
  • Topping of choice, including bacon, cheddar, tomatoes, spinach, mozzarella, mushrooms, etc.
  • Salt and pepper, to taste

 

Directions:

Whether you’re sending the children or grandchildren out the door for school or are in need of a healthy, quick breakfast for yourself, these easy breakfast muffins will quickly become your secret weapon. Plus, you can cook them in the beginning of the week and store them for about four days in the fridge.

  1. Preheat the oven to 350° F and spray a 12-cup muffin tin with nonstick spray.
  2. Whisk the eggs and fill each muffin cup about halfway full.
  3. Add in your desired toppings.
  4. Bake for 20 minutes.

 

Recipe adapted from Cafe Delites[8]

 

 

 

The Best Golf Tip? Always Keep Learning

 

Even if you’ve been playing the sport for years, there’s always something you can learn when looking to get better at golf. One of the best ways to improve your game is to attend a golf school or academy. These training programs are led by highly trained instructors and players, and most feature intimate, teacher-to-student ratios and other great amenities. This face-to-face time is priceless if you want to improve your game.

 

 

There are top-tier schools throughout the country, even if you don’t live near one of the most-famous courses. They also range in intensity, from lessons for beginners to intensive golf workshops for seasoned players who want to fine-tune their skills. Golf Digest shares a comprehensive list of some of the best golf schools and academies in the U.S. While you might not be hitting 350-yard drives like the pros, you can definitely learn a thing or two from these highly skilled coaches (and make some golf-minded friends along the way).
Tip adapted from Golf Advisor[9]

 

 

 

 

The Benefits of Brain Training

 

We know how important it is to exercise our bodies, but exercising our brains is just as important. When we continue to learn, our brains are better for it. Here are just a few benefits of “brain training,” or exercising your brain:

 

  • Improved executive functions
  • Improved working memory
  • Improved processing speed
  • Preserved cognitive health
  • Fewer problems in daily function
  • Better control over our mental processing abilities

 

There are lots of fun ways to exercise your brain. One common way is to continue to learn new things. Attend a pottery, painting, or foreign language class in your neighborhood, or check for any discounts on community college courses. Another great way to exercise your brain is to socialize with others, spend time in nature, and practice mind puzzles, such as crosswords, Sudoku, or a game in a brain training app.

Tip adapted from American Psychological Association[10]

 

 

 

 

Green Tips for the Office and the Classroom

 

If you’re sending your kids or grandkids off to another year of school or want to implement more green tips in your own office, here are some places to start:

 

  • Inventory what you have before buying new supplies. Not only does this tip save money, but it focuses on reusing when we can.
  • Choose nontoxic office supplies. Many school and office supplies contain PVC (a dangerous plastic) and other harmful materials. Look for PVC-free binders, recycled pencils and markers, refillable pens, and recycled notebooks and printer paper.
  • Try to implement the “100-mile” diet for you and your kids, meaning that your food doesn’t come from more than 100 miles away. This is a great step in thinking local first and organic for other, nonlocal options.
  • Try to cut down on printed material. Some offices have even gone completely paperless!
  • Buy fair-trade, organic coffee, tea, and drinks for the kids.

Tip adapted from Small Footprint Family[11]

 

 

 

 

 

Disclaimer:
The Tax Advisory Group, LLC and Financial Gravity Tax, Inc. offers tax-planning and preparation services.  The Tax Advisory Group, LLC and Financial Gravity Tax, Inc. are separate and unrelated companies.  Tax services offered are to help business owner and individuals create sound tax planning strategies that are custom suited to their needs and objectives.
Investments Made Easy, LLC, is an independent investment firm. Investments Made Easy, LLC. and Financial Gravity Wealth, Inc. are separate and unrelated companies.  All investment advisory services are offered through Financial Gravity Wealth, Inc. Financial Gravity Wealth, Inc. is a Registered Investment Adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities product, service, or investment strategy. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser, tax professional, or attorney before implementing any strategy or recommendation discussed herein.
Insurance Made Easy LLC is an independent insurance firm. Insurance services offered are to help business owners and individuals create insurance strategies using a variety of insurance products custom suited to their needs and objectives.
The Wealth Training Academy in association with our attorney groups can help assist with various legal matters – all under one roof. The Wealth Training Academy themselves are not attorneys.
The Wealth Training Academy is a Teaching, Coaching, Consulting & Training Facility designed to help business owner, as well as pre- and post-retirees, regain control of their business and personal wealth. WTA also rents the facility out to other organizations and the utilization of its materials.

 

 

 

 

[1] www.wsj.com/market-data

[2] www.wsj.com/market-data

[3] quotes.wsj.com/index/XX/990300/historical-prices

[4] www.cbsnews.com/news/u-s-china-trade-talks-scheduled-for-october-beijing-says-2019-09-05/

[5] www.bloomberg.com/news/articles/2019-09-06/u-s-payrolls-rise-130-000-boosted-by-25-000-for-census-count

[6] tradingeconomics.com/united-states/business-confidence

[7] www.cnbc.com/2019/09/06/stocks-look-to-reclaim-their-all-time-highs-in-the-week-ahead.html

[8] cafedelites.com/breakfast-egg-muffins-3-ways/

[9] www.golfdigest.com/story/best-golf-schools-and-academies

[10] www.apa.org/monitor/2014/10/mind-games

[11] www.smallfootprintfamily.com/10-green-back-to-school-tips

 

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