The Effects Of The New Market High

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Remembering 9/11

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This week we remember all those who lost their lives or loved ones in the attack on 9/11. We will never forget that day and the impact it caused on our nation. In our office here at Fi Plan Partners we have a special section commemorating 9/11 that honors those who lost their lives on that tragic day.

New market high

This past Friday the S&P 500 hit it’s 33rd record market high. This came after the Jobs Report was released which showed the numbers did not achieve expectations. There are those forecasting that now we might not see a rate increase until the 2nd or 3rd quarter of next year.

I also want to point out that the new 10 year treasury is yielding 2.46% which started the year at 3%. It’s import to know that even though many forecasted rates going up, they have actually come down. Ironically, the Eurozone, which makes up over 20% of the world’s GDP, has started to lower it’s rates and implement quantitative easing.

Will we see another market high?

Here in the United States the Fed has made it known earlier in the year that in October they would stop quantitative easing. There are those who believe once this stops, we will see a market correction. Still others believe the opposite will happen. The analogy is like an inflated balloon that has been pushed under water. Once it is released it will come back to the surface. In like manner, some forecasters believe the market will return to normal once all the factors that have been holding it under water since 2008 release it. Some are saying we could possibly see a new market high with the S&P 500 going even higher than it is now. The NASDAQ and the Dow could also go up as many believe we are in the early stages of a U.S. economic expansion.

We are studying these scenarios very closely to see how they are going to impact our clients’ portfolios. Keep watching our video blog so we can keep you updated.

If you have any questions about your current financial situation, I’d be delighted to talk with you. You can email me here or call me at (205) 989-3498.

Greg Powell, CIMA
Wealth Consultant


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Greg Powell is President and CEO of Fi Plan Partners, 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.

The S&P 500 index is a measure of performance of the broad domestic economy through 500 stocks from major industries. The NASDAQ Composite represents all the stocks that trade on the Nasdaq. The Dow Jones Industrial Average measures the average price of a group of 30 high value stocks.

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