Last week’s economic data
Last week was another good week for the markets both domestically and internationally. Economic data in retail sales and durable goods orders beat expectations and we are continuing to see an increase in consumer spending. Home sales continue to be a bright spot as it rose 6.1% in March.
Economic data reports to watch
Hopefully last week’s trends will continue this week as we will be watching for the GDP report and the Fed announcement from their meeting this Wednesday. The topic will be interest rates and there are very low expectations that they will raise them at this time.
Earnings report update
So far 201 S&P 500 companies have reported their earnings and the numbers are down 2.3%. While that sounds bad, 73% are those are beating expectations. Another 150 companies will report this week so we will be watching this closely and will update our followers soon.
From a price performance view, the market still looks good as people are voting with their dollars, unswayed by mainstream media’s fear reporting.
One important story not in the news
A “back page item” that is not getting much media attention is that the Japanese Prime Minister is here in the United States to meet with President Obama. We believe this is very important to investors as Japan and the U.S. are getting closer to a trade agreement called the Pacific Trade Partnership. As this partnership would open up a greater amount of trade, this could significantly boost the U.S. economy in large caps especially in the auto and agricultural industries.
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fi-Plan Partners is an independent investment firm in Birmingham, AL, serving clients across the nation through financial planning, wealth management and business consulting. fi-Plan Partners creates strategies in the best interest of their clients using both fee based investing and transactional investing.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.
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