Volatility
Last week, for the first time in a while, we saw earnings take a back seat to politics. While earnings have been great lately, we are still searching for some bright spots amid this political uncertainty. One area we have a good feeling about is energy. Energy beat expectations by 71% on earnings and over 74% on revenue. Earnings are up 152% from this point last year. Also, the uncertainty abroad is helping our local energy producers. Our energy exports are up over 500%. These uncertainties, that usually provide dark clouds, have shaped out to be positive.
Economic Numbers
We have a loaded week of information that consists of inflation, manufacturing, retail sales and housing numbers. Economic reports have been great, but because of the uncertainty in D.C., good reports are almost a must. We are heading into the holiday season which is important because, as we have discussed numerous times, the consumer makes up 70% of our economy. If we see retail sales and consumer confidence go up we could have a good indication of how next quarter can do.
Bobby Norman, CFP®, AIF®
Senior Vice President
Wealth Consultant
Email Bobby Norman here
Trey Booth, CFA®, AIF®
Senior Vice President
Wealth Consultant
Email Trey Booth 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.
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