Here is a quick update on the market and economic issues you need to be aware of as an investor to live confidently.
Before we start, I want to welcome Bobby Norman who is the newest member of our Portfolio Strategies Team. He brings a wealth of knowledge and value to our team. Read more about Bobby here.
Current economic issues
The media is still talking about the same economic issues that really haven’t changed since last week. These issues are the economies of Europe, Japan, and China, along with the Ebola scare. The markets are watching closely this week as the Federal Reserve starts to talk again about ending Quantitative Easing.
Economic issues in Europe
We saw positive movement in the markets last week in Europe as Mario Draghi, the President of the European Central Bank, made some effective comments. Towards the end of the week there were about two dozen European Banks that were expected to fail a stress test to measure their banking system. The results have just been released and we are assessing those now.
International watch list
Since this is the last week of the month, there is a lot of economic data coming out. In Europe the Spanish GDP numbers will be release and in Asia investors will see reports from Japan on their retail sales, CPI (Consumer Price Index), and PPI (Producer Price Index) which is a gauge of inflation.
The most important economic issues for investors
This is a big week for the US economy which last week had mixed data. Of all the economic issues, the number one thing investors will be watching this week is what the Fed will say about ending Quantitative Easing. Also, investors will see the final numbers for second quarter GDP and durable goods orders.
Keep in mind that the members of the Fed do not want to be known as the people who brought the country to a halt. This means there is an excellent chance they will remain dovish or not end QE3 at all just because of all the other events going on in the world.
Our investment approach
We’ve moved towards a more conservative approach in our portfolios but are constantly researching and analyzing the markets to make adjustments seeking to protect our clients. Do you have questions regarding your investments? We would be delighted to talk with you. You can email us here or call us at (205) 989-3498.
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.