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This Wednesday is our annual Shred Day in Corporate Woods!
It's easy ... Simply bring any paper documents you would like to have shredded to our office building parking lot Wednesday, June 21st between 9AM-Noon.
Dave Dickens and Dave Cox will be there to say hello and we'll have goodies in the office!
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Meet David Dickens NEW Grandson!
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Join us in welcoming David & Linda Dickens new grandson, David James Llewellyn. Weighing in at 7 lbs. 8 oz and 21 inches long.
As you can see by the smile on Linda's face, he has already stolen her heart!
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Phil Wins the Long Distance Award!
Phil is Melody Collins husband.
They traveled last week to Glenwood Springs, Colorado to compete in the 65th Annual Rallye.
Phil won the long distance award for driving the furthest - with 879 miles!
Did you know that enthusiasts came as far away as England to drive borrowed MGCC-RMC cars?
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KC Financial Advisors
is going social!
We have a NEW page on Facebook - Please go in and like our page
HERE
. We will share timely market articles, upcoming lunch & learns, as well as other financial news and events.
Do you use Twitter for all of your social updates? You can find and follow us HERE.
Over the next few weeks we will be adding videos to our
NEW YouTube channel to share economic updates and other topics. Be sure to subscribe!
We look forward to connecting with you!
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Complete our Survey & you will be
Entered to WIN a
Dine-In Theater Movie at AMC
$50 Gift Certificate!
We value you as our client and our community and look forward to your feedback!
Please complete our short online survey for a chance to WIN.
All surveys must be completed by Friday June 30th.
We will announce our winner on Monday, July 3rd.
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Take a Daytrip to Crystal Bridges Museum
in Arkansas!
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Explore the stunning exhibition Chihuly: In the Forest, transformed into a magical woodland amplified with live music, circus acts, art-making, a food truck, and more.
More Info
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While you're there ... Bentonville Square
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There are some incredible businesses on and off the square!
Check out Ramo d'Olivo olive oil, vinegar & wine bar. Be sure to tell Laura hi!
Table Mesa has an appetizer called 'Cheap Dates' -
Medjoohl dates stuffed with gorgonzola, cream cheese & wrapped in hardwood smoked bacon. Bon Appétit!
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Do you know of someone this week that could use KC Financial Advisor's help with their investment, estate planning &
retirement needs?
Please consider introducing us, with your name. And if they come in for an evaluation, we'll send you out for a nice dinner! We appreciate you!
We are committed to protecting your privacy and providing you with helpful and convenient service!
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Weekly Quote, Tip, Riddle & Recipe
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WEEKLY QUOTE - “We learn by example and by direct experience because there are real limits to the adequacy of verbal instruction.”
- Malcolm Gladwell
WEEKLY TIP - Do you have a child heading off to college this fall? Financially, it may be time for his or her first credit card. One idea: have your son or daughter sign up for a basic, low-limit card through a credit union or independent bank and have the monthly statements sent to you.
WEEKLY RIDDLE - What are you able to keep after you give it to someone?
Last week’s riddle:
I often stand straight and tall. I can illuminate your wall or hall. If you push me, I may fall. What am I?
Last week’s answer:
A candle.
WEEKLY RECIPE - Inspired by Table Mesa's Cheap Dates ... Here is how to make your own Bacon wrapped dates. Compliments of Pinch of Yum.
Full Recipe Here
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FED DELIVERS EXPECTED & UNEXPECTED NEWS
As Wall Street anticipated, the Federal Reserve raised interest rates on June 14. The Federal Open Market Committee voted 8-1 to take the benchmark interest rate north by a quarter-point to the 1.00-1.25% range. The Fed also said it would begin to reduce its $4.5 trillion balance sheet at some point “this year” by slowing reinvestments. As a start, it will let $6 billion per month in Treasury holdings run off, along with $4 billion per month in agency debt and mortgage-linked securities. This implies upward pressure on long-term interest rates.(1,2)
RETAIL SALES, HEADLINE INFLATION BOTH RETREAT
The Consumer Price Index declined 0.1% in May, noted the Bureau of Labor Statistics; core consumer inflation rose 0.1%. A bigger May decline came for retail purchases – the Census Bureau said that they fell 0.3% even with car sales factored out.(3)
HOUSING STARTS SLIP
The Census Bureau’s new residential construction snapshot showed groundbreaking at an 8-month low, with total housing starts down 5.5% in May. Total building permits decelerated 4.9% last month to their slowest pace since April 2016.(4)
GAUGE OF SENTIMENT DESCENDS
In its preliminary June edition, the University of Michigan’s consumer sentiment index fell short of expectations. Economists, polled by Briefing.com, forecast a reading of 97.0 for the index, but it came in at 94.5.3
DOW 30 OUTPACES S&P 500
Rising 0.53% in five days, the Dow Jones Industrial Average ended the week at 21,384.28. The S&P 500 made a weekly advance of 0.06% to a Friday close of 2,433.15. Tech shares kept selling off, resulting in the Nasdaq Composite’s 0.90% weekly descent to a Friday settlement of 6,151.76. The Dow Jones Utility Average had the best week among consequential U.S. equity indices, rising 1.75%.(5)
THIS WEEK: Nothing major is scheduled for Monday. Tuesday, Adobe Systems, FedEx, La-Z-Boy, Lennar, and Red Hat all present earnings. Wednesday offers May existing home sales figures and earnings announcements from CarMax, Oracle, and Winnebago. Earnings news from Accenture, Barnes & Noble, Bed Bath & Beyond, Carnival, and Sonic arrives Thursday, plus new initial jobless claims numbers. Friday, investors consider May new home sales and Q2 results from Finish Line.
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Sources: wsj.com, bigcharts.com, treasury.gov - 6/16/175, (6,7,8)
Indices are unmanaged, do not incur fees or expenses, and cannot be invested into directly. These returns do not include dividends. 10-year TIPS real yield = projected return at maturity given expected inflation.
Please feel free to forward this article to family, friends or colleagues.
If you would like us to add them to our distribution list, please reply with their address. We will contact them first and request their permission to add them to our list.
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Disclosures:
Investment Advisory Services are offered through Brookstone Capital Management, LLC, an SEC Registered Investment Advisor. KC Financial Advisors and Brookstone Capital Management LLC are separate companies. These views should not be construed as investment advice. Neither Brookstone Capital Management LLC nor any named representative gives tax or legal advice. All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. Please consult your financial advisor for further information.
The information herein has been derived from sources believed to be accurate. Please note - investing involves risk, and past performance is no guarantee of future results. Investments will fluctuate and when redeemed may be worth more or less than when originally invested. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. All market indices discussed are unmanaged and are not illustrative of any particular investment. Indices do not incur management fees, costs and expenses, and cannot be invested into directly. All economic and performance data is historical and not indicative of future results. The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. The NASDAQ Composite Index is a market-weighted index of all over-the-counter common stocks traded on the National Association of Securities Dealers Automated Quotation System. The Standard & Poor's 500 (S&P 500) is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy. NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the New York Stock Exchange (the “NYSE”) and NYSE Arca (formerly known as the Archipelago Exchange, or ArcaEx®, and the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services. The New York Mercantile Exchange, Inc. (NYMEX) is the world's largest physical commodity futures exchange and the preeminent trading forum for energy and precious metals, with trading conducted through two divisions – the NYMEX Division, home to the energy, platinum, and palladium markets, and the COMEX Division, on which all other metals trade. Additional risks are associated with international investing, such as currency fluctuations, political and economic instability and differences in accounting standards. This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. MarketingPro, Inc. is not affiliated with any person or firm that may be providing this information to you. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional.
Citations.
Citations.
1 - marketwatch.com/story/fed-raises-interest-rates-to-reduce-balance-sheet-this-year-2017-06-14 [6/14/17]
2 - businessinsider.com/federal-reserve-rate-hike-plan-to-unwind-45-trillion-balance-sheet-2017-6 [6/14/17]
3 - briefing.com/investor/calendars/economic/2017/06/12-16 [6/16/17]
4 - reuters.com/article/us-usa-economy-idUSKBN197277 [6/16/17]
5 - markets.wsj.com/us [6/16/17]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F16%2F16&x=0&y=0 [6/16/17]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F16%2F16&x=0&y=0 [6/16/17]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F16%2F16&x=0&y=0 [6/16/17]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F15%2F12&x=0&y=0 [6/16/17]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F15%2F12&x=0&y=0 [6/16/17]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F15%2F12&x=0&y=0 [6/16/17]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F15%2F07&x=0&y=0 [6/16/17]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F15%2F07&x=0&y=0 [6/16/17]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F15%2F07&x=0&y=0 [6/16/17]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [6/16/17]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [6/16/17]
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KC Financial Advisors
10975 Grandview Dr. ,
Ste. 190,
Overland Park, KS 66210
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