Commentary – Page 221 – Beacon Wealth Advisors, LLC

20 Aug

Market Update: Monday, August 20, 2018

Daily Insights Earnings season tracker got a little bit better over the past week. S&P 500 Index earnings growth is now tracking to +24.6% year over year for the second quarter, a solid 4% above June 30 expectations and 0.2% … Continue reading →

17 Aug

Weekly Update 8/17/2018 – Turkey’s Woes Continue, U.S. Holds up Relatively Well

Weekly Update 8/17/2018 – Turkey’s Woes Continue, U.S. Holds up Relatively Well US: S&P 500 Index 0.59%, Dow 0.97%, Nasdaq -0.29% Europe: STOXX Europe 600 -1.24%, German DAX -1.72%, France CAC 40 -1.29%, U.K. FTSE 100 -1.41% Asia: Japan Nikkei -0.12%, China Shanghai Composite -4.52%, Korea KOSPI -1.57% … Continue reading →

17 Aug

Technically Speaking: U.S. Dollar Strength Adds Pressure to Emerging Markets

The recent depreciation of the Turkish lira has increased volatility in global markets. Other foreign currencies such as the South African rand have followed suit, leading to U.S. dollar strength and more pressure on broad-based emerging markets. As shown in … Continue reading →

17 Aug

Market Update: Friday, August 17, 2018

Daily Insights U.S. stocks’ rocky week. The S&P 500 Index is poised for its most volatile week since early June as investors have taken cues from overseas developments. While the index is up 0.3% so far this week, it has … Continue reading →

16 Aug

Is Turkey a Reason to Sell EM?

Emerging market (EM) equities have experienced significant selling pressure this month amid the U.S. and China’s ongoing trade dispute and the crisis in Turkey, which has sparked contagion fears and threatened to send the country into recession. After yesterday’s 1.8% … Continue reading →

16 Aug

Market Update: Thursday, August 16, 2018

Daily Insights No panacea for Turkey. Structural challenges including heavy reliance on external funding for its trade and fiscal deficits are unlikely to be fixed soon. However, there are several reasons not to expect contagion, including the Turkish central bank’s … Continue reading →

15 Aug

Does “Headline” Inflation Tell the Whole Story?

Last week’s inflation data showed that pricing pressures are at their strongest point of the economic cycle. To us, these reports are much less alarming than their headline readings suggest. While signs of price and wage pressures have been building, … Continue reading →

15 Aug

Market Update: Wednesday, August 15, 2018

Daily Insights Retail sales gain for a sixth consecutive month. U.S. retail sales increased 0.5% in July, posting sixth straight months of growth for the first time since 2014 and handily beating consensus estimates (0.1%). Excluding automobiles and gas, sales … Continue reading →

14 Aug

Rates Suggest Price Stability, Not Runaway Inflation

Several indicators suggest fixed-income investors are rightfully skeptical of recent signs suggesting pricing pressures are running too high. As shown in our LPL Chart of the Day, shorter-term break-even inflation rates have dropped to their lowest levels of the year, … Continue reading →

14 Aug

Market Update: Tuesday, August 14, 2018

Daily Insights Fixed income sentiment and inflation. Shorter-term breakeven inflation rates have dropped to their lowest levels of the year, implying market expectations for persistent inflation continue to dwindle. Today on the LPL Research blog, we analyze fixed income’s tempered … Continue reading →

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