(October 28th to November 1st, 2019) ~ Presented by Blanke Schein Wealth Management ~ RECAP: stock indices again set records, the Fed makes its third rate cut of the year, October’s employment report is a nice surprise, and U.S. and Chinese trade negotiators make some progress. THE WEEK ON WALL STREET A better-than-forecast jobs report prompted a stock […]
Understanding Homeowners Insurance Provided by Blanke Schein Wealth Management If you arrange a mortgage, your lender will want you to have homeowners insurance. This coverage is critical for protecting your home and personal property against various potential liabilities. A homeowners insurance policy is actually a package of coverages. These policies commonly offer the following […]
(September 2nd to September 6th, 2019) ~ Presented by Blanke Schein Wealth Management ~ RECAP: the three Wall Street benchmarks advance as investors respond to newly scheduled U.S.-China trade talks and see a silver lining in the latest employment and manufacturing data. TRADE TALKS POISED TO RESTART Trade representatives from the U.S. and China are planning to head back […]
(August 12th to August 16th, 2019) ~ Presented by Blanke Schein Wealth Management ~ RECAP: equities are hit by considerable volatility, following developments in the bond market as well as the U.S.-China trade dispute. THE WEEK ON WALL STREET U.S. stock indices saw significant ups and downs last week, with traders looking for economic cues from Treasury yields […]
(August 5th to August 9th, 2019) ~ Presented by Blanke Schein Wealth Management ~ RECAP: China jolts the markets by devaluing the yuan, aggregate second-quarter earnings top analyst projections, and stocks retreat for the week. THE WEEK ON WALL STREET Stocks spent much of last week rebounding from a Monday drop that reflected nervousness about the U.S.-China […]
(July 22nd – July 26th, 2019) ~ Presented by Blanke Schein Wealth Management ~ RECAP: stocks rise, data shows economic growth slowing from the first quarter, and the stage is set for further U.S.-China trade discussions. THE WEEK ON WALL STREET Last week, investors assessed earnings and the initial estimate of second-quarter economic growth, while awaiting the Federal […]
(July 15th – July 19th, 2019) ~ Presented by Blanke Schein Wealth Management ~ RECAP: stocks dip as earnings season begins; investors wait for the July Federal Reserve meeting, while considering retail sales data and comments from Fed officials. THE WEEK ON WALL STREET Stock benchmarks retreated during the first week of the second-quarter earnings season. As […]
(July 8th – July 12th, 2019) ~ Presented by Blanke Schein Wealth Management ~ RECAP: the S&P 500 and Dow Jones Industrial Average close at historic peaks after bulls consider Capitol Hill testimony from Federal Reserve Chairman Jerome Powell; tame inflation persists. THE WEEK ON WALL STREET Friday, the S&P 500 settled above 3,000 for the first […]
(July 1st – July 5th, 2019) ~ Presented by Blanke Schein Wealth Management ~ In this week’s recap: stocks hit record peaks, then descend after the Friday release of the June jobs report; further tariffs are planned for European imports. THE WEEK ON WALL STREET AU.S. stock benchmarks opened a new quarter positively. The S&P 500 gained […]
HAS CONSUMER SPENDING MAINTAINED ITS PACE? A new Department of Commerce report states that consumer spending rose 0.2% in February as consumer incomes improved 0.4%. These numbers replicated January’s gains. Even so, the personal savings rate hit a 6-month peak of 3.4% in February, suggesting that spending may have leveled off in the first quarter. […]
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