#308 Big News North of the Border

This Week

We have a big week ahead with data coming out on consumer spending, mortgage applications, nonfarm payrolls, and the ISM manufacturing index. We watch the nonfarm payrolls closely every month and we believe that hurricane Florence could cause an impact on the data so we are watching it even closer this month. ISM manufacturing data was at a 14-year record in August of this year. Economists think when the data comes out for September it will still be very good because of how high August was. Also, we have had enough time that some of the trade and tariff impact is starting to settle in. The data from the end of September will be something to look at to see what kind of impacts we have creeping in.


News came out over the weekend that the U.S. and Canada have reached a trade deal. Canada has joined Mexico to help rework NAFTA, the largest trade block in the world. It creates a unified force in North America that could potentially help with other trade deals that are on the table. Sometimes we feel like trade deals are always moving backwards but we’ve witnessed some positivity over the last month. Last week the U.S. signed a deal with South Korea and, around the same time, Japan and the European Union co-wrote an article to China about their trade practices. All of that plus the trade deal with the U.S. and Canada shows a lot of strength from a trade standpoint. The agreement between the U.S. and Canada wasn’t expected to fall in to place but shows consumer confidence and has had a positive impact on the market.


Ashley Page, JD, MBA
Senior Vice President
Wealth Consultant
Email Ashley Page here

Trey Booth, CFA®, AIF®
Senior Vice President
Wealth Consultant
Email Trey Booth here

Adam Vansant
Associate Vice President
Wealth Consultant
Email Adam Vansant here


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.

Economic forecasts set forth in this presentation may not develop as predicted.

No strategy can ensure success or protect against a loss.
Stock investing involves risk including potential loss of principal.

Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.

Schedule an appointment today!

Meet with us and begin planning your Better, Richer, Fuller® life.

Make an appointment

Subscribe to Our Insights

Every Monday & Thursday, our video blog gives you everything you need to know about the trends moving today’s markets with concise analysis.