MWM Weekly Update

The Week of January 13, 2020

MWM Weekly Update

The Week of January 13, 2020


Here are some highlights from last week’s market activity and events around our community you may enjoy reading about. We have also included some educational resources to help you live your best financial life. We remain committed to helping you navigate the ever-changing investment environment.

The following highlights should not be viewed as a recommendation, nor is this a notification of an impending change in asset allocation.  For more information, please contact your advisor with any questions.


Monday, January 20th - Martin Luther King, Jr. Day. Markets Only.
Monday, February 17th - George Washington's Birthday. Markets Only.

In the Markets

  • Last Friday's jobs report was a mixed bag of information. While 145,000 new jobs were added and the unemployment rate remained at 3.5%, wage growth was tepid in December to cap off a year of only moderate wage growth. This information, coupled with news that the Senate would receive the articles of impeachment this week, culled what was otherwise a strong week for stocks. The Dow passed 29000 earlier last week only to pull back by week's end. In any case, most of the indexes listed here posted gains last week, except for the small caps of the Russell 2000, which has gotten off to a relatively slow start in 2020. Conversely, the tech-heavy Nasdaq continues to post strong returns, climbing 1.75% last week and 2.30% ahead of its 2019 closing value.

Source: Broadridge Investor Communication Solutions, Inc.

  • This is a busy week for market-influencing economic reports, starting with the Treasury budget report for December. The government deficit has been expanding, reaching close to $1 trillion. The latest information on inflationary trends is also out with reports on consumer and producer prices. The Federal Reserve's report on industrial production is also out at the end of the week. If surveys of purchasing managers are any indication, the Fed's report on industrial production will show continued weakness in December.

Source: Broadridge Investor Communication Solutions, Inc.

Articles & Education

10 Themes That Will Affect Your 2020 Investing

What can investors expect this year? Continued economic expansion, unaltered interest rates and new equity highs, says CIO Larry Adam.
- Read More -

Laying the Groundwork for Tax Season

Smart moves at the beginning of tax season can help get your financial house in order.
- Read More -
Investment Term of the Week

In the Community

MWM Philanthropy

Our team philanthropy program is off to the races this year. We've had several team members donate time and dollars to organizations they care about! We'd like to give each a highlight - so we'll post one a week despite a good number of our staff already making determinations about where they want to give.

Nikki Ivins directed funds to the World Wildlife Fund to aid the efforts in Australia to save wildlife from wildfires. "Nearly half a billion animals have been impacted by the fires in NSW alone," according to ecologists at the University of Sydney. We appreciate Nikki's fondness of animals and her decision to make this her cause for 2020.

A Raffle Win!

Sarah attended a philanthropy event at Knot Springs on Saturday for Portland Rescue Mission. For every $10 donated, Knot Springs put names in a raffle and  Sarah WON! Her prize includes a soak for five people and a goodie bag. Talk about a win-win situation!

Please do not hesitate to call your advisor if you have any questions.
Until we speak again, have a wonderful week.

Thought of the Week

These highlights should not be viewed as a recommendation, nor is this a notification of an impending change in asset allocation. For more information, please contact your advisor with any questions. Opinions expressed in the attached article are those of Judith McGee and are not necessarily those of Raymond James. All opinions are as of this date and are subject to change without notice.

The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. This material is being provided for information purposes only and is not a complete description, nor is it a recommendation. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. Any opinions are those of McGee Wealth Management and not necessarily those of Raymond James. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct. . Investing involves risk and you may incur a profit or loss regardless of strategy selected.  The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. The Dow Jones Industrial Average (DJIA), commonly known as “The Dow” is an index representing 30 stock of companies maintained and reviewed by the editors of the Wall Street Journal. The NASDAQ composite is an unmanaged index of securities traded on the NASDAQ system. Individual investor's results will vary. Past performance does not guarantee future results. This information is not intended as a solicitation or an offer to buy or sell any security referred to herein. Asset allocation and diversification do not ensure a profit or guarantee against loss.

Raymond James is not affiliated with any of the above listed organizations.

Making Life a Richer Experience

Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC. Investment advisory services offered through McGee Wealth Management, Inc. McGee Wealth Management, Inc. is not a registered broker/dealer, and is independent of Raymond James Financial Services.

Links are being provided for information purposes only. Raymond James is not affiliated with eMoney.  Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed websites or their respective sponsors. Raymond James is not responsible for the content of any website or the collection or use of information regarding any website's users and/or members.  Raymond James financial advisors may only conduct business with residents of the states and/or jurisdictions for which they are properly registered. Therefore, a response to a request for information may be delayed. Please note that not all of the investments and services mentioned are available in every state. Investors outside of the United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this site. Contact your local Raymond James office for information and availability.

Raymond James Privacy Notice