Recent Articles

Market Recap

While domestic and geopolitical concerns continued to make daily headlines, the major stock market indices experienced another positive quarter. The 3rd quarter extended the upward momentum, allowing equity investors to continue enjoying solid returns for 2017.
Political stories dominated the headlines during the 2nd quarter, but investors were the beneficiaries of another set of solid gains for the major market indices although the ride was somewhat bumpy. Stocks were strengthened by good corporate earnings, the prospect of possible tax cuts, and strong economic numbers in the foreign markets. This extended gains from the 1st quarter, with the Dow’s YTD change at 8.03% closing at 21,350. The S&P YTD change through 6/30/17 was 8.24% closing at 2,423 while the NASDAQ was up 14.07% closing at 6,140 for the same time period.

Investing & Economic Commentary

On Friday, the Labor Department reported that our economy added 313,000 jobs last month, about 100,000 more than analysts expected. Additionally, the prior two months numbers were revised upwards as well. The unemployment rate remained unchanged at 4.1%.
In an effort to keep our clients better informed regarding decisions in individual stock portfolios, going forward, we will be sending periodic updates after transactions are completed. As you may have already seen in your trade confirmations, we have recently established a position in McKesson (MCK).

Financial Planning

The “major tax reform” is coming to a head with the final package agreed to by the House and Senate, soon to be signed into law by the President. On the individual side, not much has really changed and, as a disappointment to the author, it isn’t any simpler. Let’s take a look at the major provisions of the individual tax law beginning 2018.
Everything is in flux, but we are starting to see some compromise across the House and Senate. Below are many (but certainly not all) of the proposed tax law changes. This is fairly high level so not all the details are provided below, but enough are provided to give you an idea of where things are headed.