Economic data overview
There was a lot of interesting economic data from last week that helps us with our market update today. This week also brings new data that can have an impact on investors portfolios. Today we discuss how this economic data impacts you and why it is important to our portfolio strategies.
- Ashley Page, JD, MBA, Senior Vice President, Wealth Consultant
00:40: What we learned from last week’s economic data
We are watching the data from last week’s small cap companies because they tend to move before the bigger companies do. The economic data from the manufacturing and jobs report was disappointing, but the unemployment numbers came down. This is a positive for the economy.
The economic data we are watching this week is retail sales and industrial production. We want to see how the consumer and production is doing in spite of the cold weather. 70% of the S&P 500 has reported their earnings with about fifty companies reporting this week. Of the companies already giving their earnings reports, 65% exceeded analyst expectations and 66% exceeded expectations on revenue growth. This is the economic data we are closely watching because they will determine our portfolio strategies for our clients.
- Franklin Bradford, CMT, Senior Vice President, Wealth Consultant
3:18: The quit rate’s impact on the economy
The “Quit Rate” is an important piece of economic data. The term describes when a worker has enough confidence he or she will find a better job before they have a better job lined up. When this kind of economic data grows, it shows there is confidence in the economy. The quit rate can give investors a better perspective on the unemployment rate and the overall economy. When people have this kind of consumer confidence in the market, people spend more which improves the economy. This is very good news for young people entering the workforce. As middle management moves up, it opens entry level jobs and the economy expands.
- Ashley Page, JD, MBA, Senior Vice President, Wealth Consultant.
We are tracking all this economic data and more every day for our clients. We are committed to creating proactive investment strategies with this economic data for our clients’ portfolios. Please comment below as we value your questions and feedback.
Would you rather watch these videos on Facebook? Like our Page for our Weekly Economic outlook and other investing videos.
fi-Plan Partners is an independent investment firm in Birmingham, AL serving its clients across the nation through financial planning, wealth management, economic data research, and business consulting.
Securities Offered Through LPL Financial. Member FINRA/SIPC.