February 2018

Tax season – best time to capture your financial inventory

2018-02-16T11:56:19+00:00

From the desk of Lori Aufderhar, Summit’s Director of Operations/Retirement Coach: As you prepare for your tax return, remember this is an ideal time to create your “Where’s it at?” Financial Inventory System. What’s that you ask? In Chapter 10 – Your Financial Goals from my book, “Not It” An Approach to Life, I write [...]

Tax season – best time to capture your financial inventory 2018-02-16T11:56:19+00:00

Market Update: White House Infrastructure Plan

2018-02-12T11:24:54+00:00

Market Recap Domestic equities dipped into correction territory after persistent volatile trading; S&P 500 Index ended down (-5.2%) for second consecutive week. Stocks finished off week’s lows with broadly positive Friday performances. S&P 500 +1.5%, Dow +1.4%, Nasdaq +1.4%, Russell 2000 +1.0%. Bounce higher led by technology, risk-off utilities and REITs outperformed as well. Energy–the sole negative performing sector for the day. Treasury yields extended climb higher. 10-year yield +3 basis points(+0.03%) [...]

Market Update: White House Infrastructure Plan 2018-02-12T11:24:54+00:00

How Normal Is This Correction?

2018-02-12T11:16:58+00:00

The S&P 500 Index officially pulled back into correction territory last week for the first time since early 2016. The widely accepted definition of a correction is a 10% decline from the most recent high. What made this correction so unique is that it was the first time the S&P 500 has ever gone from [...]

How Normal Is This Correction? 2018-02-12T11:16:58+00:00

Preventing Gray Divorce – Investing In The Couple Relationship

2018-02-12T11:06:41+00:00

From the desk of Lori Aufderhar, Summit’s Director of Operations/Retirement Coach: One couple I know of created a pre-retirement agreement, much like a prenuptial agreement. She was already retired, and when he retired, she sat him down and asked him to review and sign the agreement she created. This agreement listed things that are not [...]

Preventing Gray Divorce – Investing In The Couple Relationship 2018-02-12T11:06:41+00:00

Tom Terrific? The Super Bowl Indicator Might Disagree

2018-02-02T12:26:57+00:00

The Super Bowl indicator suggests that stocks rise for the full year when the Super Bowl winner comes from the original National Football League (now the NFC), but when an original American Football League (now the AFC) team wins, stocks fall. We would be the first to admit that this indicator has no connection to [...]

Tom Terrific? The Super Bowl Indicator Might Disagree 2018-02-02T12:26:57+00:00

Market Update: Solid Jobs Report

2018-02-02T12:01:29+00:00

Market Recap U.S. equities closed mixed after up-and-down trading. Few catalysts behind day’s movement, but caution remains as yields could be a headwind for future gains. S&P 500 Index flat, Dow +0.1%, Nasdaq -0.4%, Russell 2000 +0.3%. Telecommunications finished largely ahead (+2.5%); energy, financials outperforming as well. Rate-sensitive REITs, utilities notable laggards after significant yield advance. Market breadth diverged again between NYSE (-1.2:1), Nasdaq (+1.1:1); NYSE trade volume slightly above 30-day [...]

Market Update: Solid Jobs Report 2018-02-02T12:01:29+00:00

January 2018

Introducing Gray Divorce – the Couples Conundrum

2018-01-29T12:04:00+00:00

From the desk of Lori Aufderhar, Summit’s Director of Operations/Retirement Coach: Did you know that 1 in 4 people experiencing divorce in the US are 50 or older, and that divorce rates of seniors doubled in the last 20 years? Were you aware that two thirds of “gray divorce” is initiated by women? When planning [...]

Introducing Gray Divorce – the Couples Conundrum 2018-01-29T12:04:00+00:00

Why Midterm Years Can Slip Up Bull Markets

2018-01-29T11:20:06+00:00

Equities were met with tremendous success during the first year of President Trump’s term, but now we’re headed into the much more historically troublesome midterm year. As Ryan Detrick, Senior Market Strategist at LPL Financial notes, “Midterm years tend to be a banana peel for markets, as they see the largest pullbacks out of the [...]

Why Midterm Years Can Slip Up Bull Markets 2018-01-29T11:20:06+00:00

Market Update: Busy Earnings Week

2018-01-29T11:12:15+00:00

Market Recap Major U.S. indexes rose to cap off fourth straight weekly gain. Corporate earnings, positive takeaways from gross domestic product (GDP) report among drivers. S&P 500 Index +1.2%, Dow +0.9%, Nasdaq +1.3%, Russell 2000 +0.4%. All sectors finished higher. Healthcare, technology led on earnings in pharmaceuticals, semiconductors space, respectively. Breadth positive on NYSE (1.2:1), Nasdaq (1.6:1) amid slightly below-avg. volume (~97% of 30-day avg.). Treasury yields higher across the curve; 10-yr. yield [...]

Market Update: Busy Earnings Week 2018-01-29T11:12:15+00:00

Key Drivers of Fourth Quarter Earnings Growth

2018-01-22T12:35:31+00:00

Fourth quarter earnings season is in full swing and expectations remain high for U.S. companies. Today we will take a look at the sectors that are driving earnings growth. Once again, the energy sector is expected to see the strongest year-over-year earnings growth. But it’s important to keep in mind that earnings for the group [...]

Key Drivers of Fourth Quarter Earnings Growth 2018-01-22T12:35:31+00:00

Market Update: Government Shutdown

2018-01-22T11:31:22+00:00

Market Recap Stocks pushed higher; Russell 2000 (+1.3%) hit fresh record high as investors shrugged off debt ceiling stalemate in Washington. S&P 500 +0.4%, Dow +0.2%, Nasdaq +0.6%. Consumer sectors and bank stocks led; rate-sensitive utilities trailed on rising Treasury yields. NYSE breadth positive (2.0:1) amid above-avg. volume (~133% of 30-day avg.). Treasuries fell across the curve; 10-yr. yield +3 basis points (+0.03%) to 2.66%. Commodities: WTI crude oil -1.0%, COMEX gold +0.4% to [...]

Market Update: Government Shutdown 2018-01-22T11:31:22+00:00

Market Update: Friday’s News

2018-01-15T11:38:44+00:00

Market Recap Domestic markets resumed their climb. China’s pushback on claims of reducing U.S. Treasury purchases and strong oil provided tailwind. Dow +0.8%, S&P 500 Index +0.7%, Nasdaq +0.8%. Energy and consumer discretionary up soundly; rate-sensitive utilities, REITscontinue to underperform. Treasury yields moved downwards; 10-yr. yield -2 basis points to 2.54%. NYSE breadth widely positive (3.4:1), volume a little light ~98% of 30-day avg. Commodities: WTI crude oil started very strong, [...]

Market Update: Friday’s News 2018-01-15T11:38:44+00:00

Busy

2018-01-15T11:28:17+00:00

From the desk of Lori Aufderhar, Summit’s Director of Operations/Retirement Coach: I hear many retirees say they are busier now than when they were working. Busy doing what? Is it the kind of busy that you want, or is it someone else’s busy since “you have time now”? A successful retirement takes work. You can’t [...]

Busy 2018-01-15T11:28:17+00:00

Investment Implications of the New Tax Law

2018-01-08T11:40:08+00:00

The new tax law has important implications for major corporations, small businesses, and individual taxpayers, and will likely shift the trajectory for economic growth, the federal budget, monetary policy, and perhaps most critically for investors—corporate profits. The $1.5 trillion tax cut is a complex, 1,000-page law intended to spur economic activity through a reduction in [...]

Investment Implications of the New Tax Law 2018-01-08T11:40:08+00:00

Market Update: Four New Highs To Start 2018

2018-01-08T11:29:55+00:00

Market Recap Major U.S. indexes capped off week-long rally with strong gains despite lackluster payrolls data. S&P 500 Index +0.7%, Dow +0.9%, Nasdaq+0.8%, Russell 2000 +0.3%. Technology stocks jumped +1.2% to lead sectors, energy, utilities finished slightly lower. Breadth on NYSE (1.5:1), Nasdaq was positive (1.5:1); NYSE volume ~91% of 30-day avg. Treasury yields mostly higher with some curvesteepening; 10-yr. note +2 basis points (+0.02%) to 2.47%. Commodities: WTI crude oil -0.7% to [...]

Market Update: Four New Highs To Start 2018 2018-01-08T11:29:55+00:00

Stock Market Hits & Misses for 2017

2018-01-03T14:16:59+00:00

At the end of each year, we find value in reviewing what we got right and what we got wrong. Postmortems can help us learn from our missteps and reinforce the processes that led to our successful recommendations. So here are our equity hits and misses in 2017: HITS Emerging markets. Our bullish call on emerging [...]

Stock Market Hits & Misses for 2017 2018-01-03T14:16:59+00:00

Market Update: Nasdaq 7,000

2018-01-03T14:09:53+00:00

Market Recap U.S. equities kick off new year with gains.Manufacturing data came in positive (details below), political news remained light. S&P 500 Index +0.8%, Dow+0.4%, Nasdaq +1.5%. Energy stocks led despite flat day for WTI crude oil; rate-sensitive sectors utilities, REITs lagged. Positive breadth on NYSE (1.6:1), Nasdaq (1.9:1) amid ~90% trading volume vs. 30-day avg. Treasury yields higher across the curve amid reflation positioning; 10-yr. yield +5 basis points (+0.05%) to 2.46%. U.S. [...]

Market Update: Nasdaq 7,000 2018-01-03T14:09:53+00:00

Goodbye, Work Wardrobe

2018-01-03T12:51:28+00:00

From the desk of Lori Aufderhar, Summit’s Director of Operations/Retirement Coach: Retirees tell me one of the first things they do after retiring is go through their wardrobe and get rid of all the career clothes. They are so ready to shed the “work outfits,” or some say “uniforms,” from their lives. “Not so fast!” [...]

Goodbye, Work Wardrobe 2018-01-03T12:51:28+00:00

December 2017

What Do Corporate Profits Tell Us About the Business Cycle?

2017-12-18T12:11:34+00:00

Perhaps the number one question that investors ask—and with good reason—is: When will the U.S. economy enter recession? (Though bitcoin questions are gaining ground.) Having at least an educated guess as to when the next recession might occur can save investors a lot of money—in theory. Bear markets associated with recessions have produced an average [...]

What Do Corporate Profits Tell Us About the Business Cycle? 2017-12-18T12:11:34+00:00