Posts

Nothing Recedes Like Recession

Read the weekly economic commentary from Chief Economist Scott Brown.

January 4, 2019

Financial market volatility remained elevated in the first few days of 2019, but it’s much more palatable when it is to the upside. Market participants remained concerned about a number of issues (global growth, trade policy, dysfunction in Washington), and fear remains a key factor in the outlook. Whether that fear abates or intensifies will tell the tale.

The employment report is composed of two separate surveys. The establishment survey (which covers 149,000 businesses and about 651,000 individual worksites) generates estimates of payrolls, wages, and hours. The household survey (of some 60,000 eligible households) yields reasonable estimates of the unemployment rate and labor force participation but terrible estimates of the monthly level of employment. The establishment survey covers the pay period that includes the 12th of the month (which can vary from firm to firm). The household survey is taken during the week of the 12th. The December Employment Report included annual benchmark revisions to the household survey data, but this was a very mild revision. The annual benchmark revisions to the establishment survey data (which ties the payroll estimate to actual payroll tax receipts) will be released next month, but early indications from the Bureau of Labor Statistics suggest that this will be a relatively modest revision.

Full Article Here

THOUGHTS ON THE MARKET

RAYMOND JAMES

Fighting Fear with Facts
Larry Adam, CFA, CIMA, CFP, Chief Investment Officer, PCG

Why have the markets been so volatile lately? Chief Investment Officer Larry Adam shares his thoughts about the recent market activity.

December 10, 2018

Good afternoon,

Times of market volatility often bring feelings of apprehension and uncertainty which makes it all the more important to take stock of the underlying market data. The below piece from our Chief Investment Officer Larry Adam does just that.

Thank you,
Judy & Hadyn

Read Full Raymond James Article Here

October Gleanings

How Do College Savings Affect Aid Eligibility?

Learn more about how savings contributions affect your student’s financial aid eligibility.

September 5, 2018

As you save for a child’s or grandchild’s future education, you might wonder what impact that saving will have on their chances of qualifying for financial aid. There are several types of financial aid (federal, state and institutional), but federal aid is the most widely dispersed and is based solely on financial need.

 

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Protecting Your Business from Cyberattacks

As the number of cyber breaches increases, efforts to safeguard your business should increase, too.

August 1, 2018

A recent report on data breaches says that 58% of malware attack victims are categorized as small businesses. And the attacks are increasing: 61% of small businesses have experienced a cyber breach in the past 12 months – up from 55% in 2016.

With this kind of data, it’s no wonder that the MAIN STREET (Making Available Information Now to Strengthen Trust and Resilience and Enhance Enterprise Technology) Cybersecurity Act of 2017 has been proposed. Once law, it will require the National Institute of Standards and Technology (NIST) to provide cybersecurity resources specifically geared for small businesses.

Full Article Here

 

July Gleanings

A Monthly Chart Presentation and Discussion Pulling Together the Disciplines of Economics, Fundamentals, Technical Analysis, and Quantitative Analysis Published by Raymond James & Associates

JSF VISIT TO RJ NATIONAL CONFERENCE

June 7, 2018

This last month Hadyn and I attended Raymond James’ national conference in Washington D.C. Time was spent visiting historic sites (The White House & Mount Vernon), professional development, and meeting with some of the best and brightest the financial industry has to offer. A few highlighted speakers that we heard from were Andy Friedman, commonly referred to as “one of the nation’s most sought-after speakers on all things political”, Robert Gates, former US Secretary of Defense, and Adam Alter, who spoke about our society’s current addiction to screens.

We also attended two intimate dinners – one with Jeff Saut, Raymond James’ Chief Investment strategist, and one with James Camp Co-portfolio manager of Eagle Strategic Income. Both dinners were very productive.

The conversation at dinner with James Camp centered on the discipline that it takes to stick to an investment strategy when it is out of favor with what is currently popular. In a day and age where everyone seems to have the secret to the next investment home run it was good to hear some level headed thoughts about keeping it simple and investing in high quality – so called “boring” investments.

Our night out with Jeff Saut was a real treat. We went to dinner a top the W Hotel adjacent the White House. Being able to discuss the markets one on one with Jeff was amazing. He reiterated why he thinks the markets are headed higher and we are in a secular bull market – “The economy is stronger than a garlic milkshake!”.

All in all it was a very productive trip. Every now and then it is good to step away from day to day obligations and spend time focusing on how we can better serve our clients. We cannot wait to take the insights we learned and improve our deliverables to our clients.

 

Sincerely,

Judy

 

Any opinions are those of Judy Singleton and not necessarily of Raymond James.