November 2017

Red Light, Green Light

2017-11-22T12:44:03+00:00

From the desk of Lori Aufderhar, Summit’s Director of Operations/Retirement Coach: Let’s play Green light/Red light …… At any given moment, press pause and ask yourself, “Is what I’m doing bringing me energy or draining my energy?” Think Green light/Red light for a moment. You are pressing pause at life’s stop light, it’s turned yellow [...]

Red Light, Green Light 2017-11-22T12:44:03+00:00

Tax Reform Winners: Sectors to Watch

2017-11-20T13:10:47+00:00

Recently released tax reform proposals from both the House and Senate are being scrutinized by politicians, investors, and corporations alike. As the bill works its way through Congress, many changes are likely; but, for now, we’ll focus on which equity segments are likely to benefit most from a lower corporate tax rate. Overall, companies that [...]

Tax Reform Winners: Sectors to Watch 2017-11-20T13:10:47+00:00

Let’s Talk Turkey

2017-11-20T13:01:46+00:00

As we head into Thanksgiving week, investors have many things for which to be thankful; from a global bull market in equities, led partly by a strong resurgence in corporate earnings, to very few signs of a recession starting over the next 12-18 months. There are a few near-term catalysts we’re watching, but there are also many [...]

Let’s Talk Turkey 2017-11-20T13:01:46+00:00

Market Update: Looking Under The Surface

2017-11-20T12:49:01+00:00

Market Recap Major averages fell modestly Friday; small capsrallied. Dow -0.4%, S&P 500 Index -0.3%, and Nasdaq -0.2%. For the week, S&P 500 -0.1%; Nasdaq +0.5%, Russell 2000 Index +1.2%. Telecommunications led equity sectors, consumer discretionary also outperformed; technology, utilities underperformed. Treasuries mixed with more curve flattening. 10-year yield -3 basis points (0.03%) to 2.35%. WTI Crude oil jumped 1.5% to $56.55/bbl. due to increased confidence on extension of OPEC production cap at its meeting [...]

Market Update: Looking Under The Surface 2017-11-20T12:49:01+00:00

Vision Board Class

2017-11-22T13:01:24+00:00

Start pursuing the life you imagine – begin with identifying the pieces of the puzzle, the components of what you want your new life to look like, by taking vision board classes provided by Summit’s own Lori Aufderhar, Director of Operations/Retirement Coach, speaker, and author of “Not It” An Approach to Life. Learn step by [...]

Vision Board Class 2017-11-22T13:01:24+00:00

Exit by Johnson & Johnson bolsters Medtronic’s insulin pump dominance

2017-11-13T14:44:39+00:00

Top Takeaways: Medtronic has emerged as a major winner in the $1.7 billion U.S. market for insulin pumps and supplies Last year, Medtronic scored approval for the world’s only pump system that is designed to be able to automatically self-adjust insulin doses based on glucose readings. The company recorded $1.9 billion in worldwide annual revenue [...]

Exit by Johnson & Johnson bolsters Medtronic’s insulin pump dominance 2017-11-13T14:44:39+00:00

One Year After The Election, Where Does The Trump Rally Rank?

2017-11-13T13:12:09+00:00

It’s hard to believe, but the U.S. Presidential Election was a year ago today. Per Ryan Detrick, Senior Market Strategist at LPL Financial, “Although no one at the time would have believed it, the 12 months since Election Day have been among the least volatile ever for equity markets; not to mention the solid 21% [...]

One Year After The Election, Where Does The Trump Rally Rank? 2017-11-13T13:12:09+00:00

Climbing Together

2017-11-13T13:31:15+00:00

The Nasdaq has closed at more new all-time highs in 2017 than in any other year in history—as Ryan Detrick, Senior Market Strategist at LPL Financial, discussed with Brian Sullivan on CNBC Trading Nation earlier this week. Although that’s big news, the Nasdaq isn’t the only index posting a significant number of new highs this year. In [...]

Climbing Together 2017-11-13T13:31:15+00:00

Market Updated: Fail, then succeed?

2017-11-13T12:57:34+00:00

Market Recap Major equity averages little changed overall; well-received earnings helped offset news that effective date of a lower corporate tax rate may be delayed into 2019. Dow -0.2%, S&P 500 Index -0.1%, Nasdaq flat, Russell 2000 Index flat. Stocks’ eight-week winning streak–longest in four years–ended Friday. Small caps lagged for the week, partly due to tax reform challenges, with Russell 2000 losing 1.3%; Dow [...]

Market Updated: Fail, then succeed? 2017-11-13T12:57:34+00:00

B42LATE

2017-11-20T13:01:08+00:00

From the desk of Lori Aufderhar, Director of Operations/Retirement Coach: My husband and I were on a road trip recently to visit family, discussing what we want to do during retirement and even before. My parents had just visited and my Dad reminded me to do things while I still can. As we were driving [...]

B42LATE 2017-11-20T13:01:08+00:00

Market Update: Tax Reform Moving Forward?

2017-11-06T11:32:59+00:00

Market Recap Stocks up again amid tax bill focus, tier 1 economic data, key earnings. S&P 500 Index+0.3%, Dow +0.1%, Nasdaq (+0.7%) posted its record 63rd new closing high of 2017. Sector returns mixed. Key earnings helped technology top sector list, biotechnology drove healthcare strength; financials lagged. Negative breadth on NYSE (1.1:1) despite green day amid ~avg. volume. 10-year note little changed, yielding 2.33%; dollar mostly higher. Commodities– WTI [...]

Market Update: Tax Reform Moving Forward? 2017-11-06T11:32:59+00:00

Retirement Coaching & Vision Board Class

2017-11-01T11:00:02+00:00

I’m Lori Aufderhar, Director of Operations and Retirement Coach at Summit Investment Advisors.  After helping people with their finances for over 25 years through insurance, investments and life coaching, I’m excited to bring this service to Summit to help with retirement planning. I want to help you create the best retirement you can imagine with [...]

Retirement Coaching & Vision Board Class 2017-11-01T11:00:02+00:00

October 2017

The Best Six Months of the Year Could Get Even Better

2017-10-30T12:29:18+00:00

So much for “sell in May and go away.” The S&P 500 Index has gained more than 6% during the historically worst six months of the year and could finish higher each of the six months (from May to October) for the first time since 1980. Then again, 2017 has been breaking records left and right, so [...]

The Best Six Months of the Year Could Get Even Better 2017-10-30T12:29:18+00:00

What Will Stocks Do Under a New Fed Chair?

2017-10-30T12:16:14+00:00

President Trump is reportedly set to announce his selection for the next Chair of the Board of Governors of the Federal Reserve (Fed) in the very near future, with Jerome Powell emerging as the likely nominee. Though he’s yet to make a final decision, reports suggest that a final decision will come before November 3. [...]

What Will Stocks Do Under a New Fed Chair? 2017-10-30T12:16:14+00:00

Market Update: What to watch in November

2017-10-30T11:58:20+00:00

Market Recap Friday’s technology rally powered Nasdaqsurge. Biggest one-day performance gap between Dow, Nasdaq since 2002. S&P 500 Index up for the seventh straight week, longest streak since 2014. Dow +0.11%, S&P 500 +0.8%, Nasdaq +2.2%. Positive breadth on NYSE (1.6:1) in Friday’s session on above average volume. Strong earnings drove rally in technology(+2.9%), consumer discretionary (+1.6%) sectors. Treasuries rallied, despite solid gross domestic product (GDP) data, [...]

Market Update: What to watch in November 2017-10-30T11:58:20+00:00

Medtronic launches trial for mitral valve aimed at market worth billions

2017-10-25T11:44:31+00:00

Top Takeaways: Medtronic's experimental new mitral valve, called the Intrepid, has been implanted in the first of 1,200 patients in a clinical trial on people who have mitral regurgitation. The Intrepid is implanted without open-heart surgery, making it possible to treat patients who might otherwise be considered inoperable with traditional tools. Medtronic hopes to show [...]

Medtronic launches trial for mitral valve aimed at market worth billions 2017-10-25T11:44:31+00:00

The Wide World of Cryptocurrencies

2017-10-23T12:16:50+00:00

Bitcoin is back in the news. It hit a new high of $5,800 on Friday, October 13, but then fell nearly 9% after the U.S. Commodity Futures Trading Commission (CFTC) issued a report reiterating that cryptocurrencies may fall under the agency’s jurisdiction in certain circumstances. While bitcoin continues to enjoy the broadest name recognition, there are now [...]

The Wide World of Cryptocurrencies 2017-10-23T12:16:50+00:00

Does Dow 23,000 Mean Anything?

2017-10-23T12:02:00+00:00

The Dow Jones Industrial Average (Dow) closed above 23,000 for the first time ever on Wednesday, marking the fourth 1,000-point milestone cleared so far in 2017. To put that into perspective, no other year has cleared more than two 1,000-point intervals. Of course, the percentage increase needed to reach each subsequent interval gets smaller; still, [...]

Does Dow 23,000 Mean Anything? 2017-10-23T12:02:00+00:00

Market Update: That’s A Lot Of Sixes

2017-10-23T11:52:06+00:00

Market Recap Stocks rally on tax reform hopes after Senate agreed on a budget resolution, a needed step to achieve tax reform. S&P 500 Index (+0.5%) rose for the sixth straight week. Dow +0.7%, Nasdaq +0.4%. Financials, industrials led. So-called Trump (or reflation) trades in favor; defensive sectors lagged. Strong breadth. NYSE breadth positive (1.5:1) with volume (120%) solidly above recent averages. Yields higher on policy optimism. 10-year [...]

Market Update: That’s A Lot Of Sixes 2017-10-23T11:52:06+00:00

Explaining the New Highs in Three Charts

2017-10-16T12:53:48+00:00

Friday saw the Nasdaq close at a new high, while the Dow, and S&P 500 Index made new intraday highs but sold off late to just miss new closing highs.  Of course, we’ve been seeing a lot of new highs this year (not that we’re complaining) as equity markets continue to climb higher with the [...]

Explaining the New Highs in Three Charts 2017-10-16T12:53:48+00:00