#322 Short Week, Big News

Housing Data

Housing data is coming out this week which includes home starts and mortgage applications. The housing data so far in this recovery phase has been surprisingly weak. We have seen a little bit of a drag to the economy in this area. It will be important to keep an eye on.

Durable Goods

Durable goods data will also come out this week. This is where companies are spending capex or capital expenditures. September disappointed and we expect a weak October number as well. The start of the year started out strong but some people are estimating that tariffs have caused a dip in this area.

Consumer Spending

The final bit of data we will get this week is on consumer spending. This will be the last read we will get on the consumer before the holiday season. This number holds a lot of significance because there is a lot spending to be done before the end of the year. Last week we spoke about lower gas prices which could lead to more money to spend elsewhere. Hopefully, we can see some positive swings in some of these areas. Either way we will be able to tell a lot about how the year is going to close from this short week.

 

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.