Stocks Muted, Big Week Ahead
Weekly Update – January 28, 2019
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For the first time in months, U.S. markets experienced little movement last week.
[i]
The Dow and NASDAQ did have their 5
th
week of gains in a row, but their increases were small: 0.12% and 0.11%, respectively. Meanwhile, the S&P 500 broke its 4-week winning streak with a 0.22% loss.
[ii]
Internationally, the MSCI EAFE also posted modest returns, gaining 0.47% for the week.
[iii]
What topics were on investors’ minds?
Despite the relative lack of market drama last week, investors still had plenty to consider. For example, the following details emerged:
·
Conflicting messages came out on trade tension with China.
·
The International Monetary Fund (IMF) downgraded its forecast for global growth.
·
Corporate earnings season continued.
[iv]
In addition, the longest Federal government shutdown in history ended. After 35 days, the House and Senate voted unanimously to reopen the partially closed government. President Trump signed the bill, which includes funding through February 15.
[v]
This week could provide far more action in the markets when a number of key details emerge.
[vi]
What’s ahead this week?
These last days of January provide several noteworthy updates, including:
·
Federal Reserve Meeting
: Most people expect that the Fed will not increase rates this week. However, many investors will be studying how the central bank describes its plans for 2019 and assessment of the economy’s strength.
[vii]
·
Corporate Earnings
: This week, 126 S&P 500 companies will release their earnings data.
[viii]
Major reports could help provide insight into everything from U.S. consumers to global industry.
[ix]
·
China Negotiations
: Chinese Vice Premier Liu and his delegation are coming to Washington to conduct additional trade discussions.
[x]
As we have discussed for months, the ongoing tension is affecting markets as investors look for clarity on what may lie ahead.
[xi]
One data point we may not receive this week is the initial reading of 4
th
quarter 2018 Gross Domestic Product.
[xii]
This report is one of many affected by the Federal government shutdown. Although the government has reopened, we have yet to receive the latest data on retail sales, new home sales, durable goods orders, and more.
[xiii]
As the week unfolds, we will analyze all of the information that does come out—and continue to look for ways to pursue our clients’ long-term goals in the current economic environment. If you have any questions about how these details affect your financial life, we’re here to talk.
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ECONOMIC CALENDAR*
Tuesday:
Consumer Confidence
Wednesday:
ADP Employment Report, GDP
Thursday:
Jobless Claims
Friday:
Motor Vehicle Sales, PMI Manufacturing Index, ISM Mfg Index, Construction Spending, Consumer Sentiment
*The Federal government shutdown may delay some data releases.
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"Happiness is found in the absence of expectation and a continuous focus on appreciation."
– Tony Robbins
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6 slices prosciutto (you can use bacon as a replacement)
2 oranges, zest, and juice (zest them first, then squeeze the juice)
1 - 2 additional oranges, sectioned (supremed)
2 Tbsp. balsamic vinegar
2 Tbsp. honey
1 - 2 cloves garlic, peeled
¾ tsp. salt
¾ tsp. freshly ground black pepper
¾ cup extra virgin olive oil
10 to 12 oz. fresh, pre-washed spinach
Directions:
1. Preheat the oven to 350°F. Place the prosciutto slices on a baking sheet and bake until just crisp, about 10 minutes. Let cool, then crumble the prosciutto slices into a container. If you’re using bacon, cut it into small pieces and cook on the stovetop in a frying pan until crisp.
2. Combine the orange zest, orange juice, balsamic vinegar, honey, garlic, salt, and pepper in a blender. Blend until smooth. Keep blending and slowly add the olive oil until combined.
3. Place the spinach into a large bowl. Put in the supremed orange sections and prosciutto (or bacon), then add a little of the dressing at a time as not to overdress. Serve immediately.
Recipe adapted from Food Network
[i]
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Watch Out for Tax Scams
Each year, thousands of taxpayers fall victim to phone and email phishing scams that are designed to obtain your personal information and/or your money. You could receive telephone calls offering sweepstakes, winnings, or tech support. These numbers can be blocked on most cell phones. Or you may receive emails claiming to be from the IRS (this is known as phishing when an illegitimate entity purports to represent a legitimate organization). Don’t open these emails or their attachments; they could contain a virus or other malware. Here’s a short list of scams and how to report them:
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Crooks impersonating the IRS to obtain banking and other information
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FBI-themed ransomware scam
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Last-minute email scams
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Fictitious “Federal Student Tax” scam targeting students and parents and demanding payment
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Automated calls requesting tax payments in the form of iTunes or other gift cards
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Pretending to be from the tax preparation industry
You can report IRS or Treasury-related fraudulent calls or emails to phishing@irs.gov.
* This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.
Tip adapted from IRS.gov
[i]
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Maintain Your Angle
If you're having trouble generating power with your swing, you might be losing the angle before you make contact with the ball. Here's what you should be doing:
From the top of your backswing, drop your hands rapidly and bring the club down. At the bottom, the club shaft should form nearly a 90° angle with your arm.
You don't want to break your wrist angle early because you'll lose all of the power generated by the swing. Take a few practice swings and work on keeping the angle of your wrist and feeling the transition before you make contact.
Tip courtesy of Ryan Moore, PGA
[i]
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Lift Your Mood with an Essential Oil Diffuser
Diffusers are ultrasonic devices that, when filled with water and essential oils, emit a mist with an essence that can lift your spirits. Here are a few tips to help you get started:
Start with simple blends or single notes:
Use scents that you like. Try combining 4 - 12 drops of lavender and rosemary or eucalyptus and spearmint. You also can try single oils to diffuse: lavender, peppermint, lemon, or frankincense.
Blending basics:
Creating fragrances works best if you combine top notes (lemon, peppermint), middle notes (rose, tea tree), and base notes (vanilla, sandalwood).
Location, location, location:
Choose a good location. Make sure your diffuser is sitting on a level surface and is not adjacent to any nearby furniture that could be damaged by the mist. Lay a towel nearby if needed.
Water it:
Fill the water to the recommended fill line. Be sure not to overfill. If you add too much, the diffuser may not work properly.
Keep it clean:
Rinse your diffuser after use and use a small brush to clean with warm water. You can use a cotton swab and alcohol to clean the ultrasonic chip in the bottom of the diffuser.
Tip adapted from Loving Essential Oils
[i]
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Community Cleanup, Keep Your Block Clean
For 20 years, the Great American Cleanup has conducted grassroots projects that engage volunteers to clean up and remove litter from parks, streets, and other public spaces. In fact, in 2017, 186 million pounds of litter were collected by volunteers across the country. You can take action on your own with some simple tips to set an example and help to keep America clean. Remember, the less litter in the area, the more likely it will stay that way.
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Pick up at least one piece of trash daily. Every bit counts.
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Keep the front of your home and the surrounding streets and curbs clean and tidy. Plant or pot plants and flowers; mow the lawn regularly.
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Teach children to put trash in trash cans and to recycle.
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Help clean up local playgrounds and parks.
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Paint over graffiti or turn it into community art projects.
●
Properly dispose of cigarette butts.
Consider starting a Great American Cleanup event of your own by visiting
www.kab.org
.
Tip adapted from Keep America Beautiful
[i]
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International investing involves special risks such as currency fluctuation and political instability and may not be suitable for all investors.
The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general.
The Dow Jones Industrial Average is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange and the NASDAQ. The DJIA was invented by Charles Dow back in 1896.
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