MWM Weekly Update

The Week of May 20, 2019

MWM Weekly Update

The Week of May 20, 2019

Greetings,                

We have several highlights from last week’s market activity, as well as stories from our community.  As always, 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.

MARKETS WILL BE CLOSED:

  • Monday, May 27 for Memorial Day (Markets and Office)

In the Markets

Last Week
  • The DJIA finished the week at 25764, down .69% on the week.  The S&P 500 closed at 2859.53, off -.76% on the week. The NASDAQ finished down -1.27% on the week.  U.S. 10-year Treasury ended the week yielding 2.39%.   In the energy markets, crude oil settled at $62.71.  Year-to-date the S&P 500 is up 14.07%.
  • Retail sales fell 0.2% in April, but are still 3.1% above April 2018. Food and beverage store sales rose 0.2% in April, and gas station sales jumped 1.8%. However, building material and garden equipment and supplies dealers saw sales drop 1.9% last month, electronics and appliance store sales fell 1.3%, and sales for motor vehicle and parts dealers decreased by 1.1%. Non-store (online) retail sales lost 0.2% in April, but are up 9.0% from April 2018.
  • U.S. import prices advanced 0.2% in April, after increasing 0.6% in March. The April advance was driven by higher fuel prices, which more than offset decreasing prices for non-fuel imports. Despite the recent monthly advances, import prices declined 0.2% for the 12-month period ended in April, driven by lower non-fuel prices. Prices for U.S. exports rose 0.2% in April after a 0.6% rise in March, as non-agricultural exports outpaced declining agricultural exports. U.S. export prices rose 0.3% over the 12-month period ended in April. Of particular note, prices for imports from China declined 0.2% in April, and have decreased 1.1% since April 2018 — the largest over-the-year drop since May 2017. On the other hand, prices for exports to China rose 0.6% in April, but have otherwise declined 2.7% over the past 12 months. Increased U.S. tariffs on Chinese imports this month will likely change this scenario in May.
this Week
  • Earnings reports for Nordstrom, Home Depot, and Target come out this week. These will give us an idea of how strong consumer confidence is.
  • The housing sector is also in the news this week with the April figures for sales of both new and existing homes on tap. New home sales have picked up the past few months, but sales of existing properties have dragged, primarily due to scant inventory and rising prices.

Source: Broadridge Financial Solutions

Articles & Education

How Rebalancing Helps Keep Your Portfolio on Track

Revisiting your allocation helps keep your financial plan aligned with your goals, risk tolerance and time horizon.
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4 Reasons to Rethink Cash as an Asset Class

The flexibility and stability of cash is hard to beat. Just don’t hold onto too much of it.
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Investment Term of the Week

In the News

Last Week
this Week

In the Community

Doggie Dash

On May 11th MWM team member, Theresa Bedard and her dog Yogi, attended the 2019 Doggie Dash!  It is the largest dog walk/run fundraiser on the west coast with nearly 6,000 dogs in attendance.  This event at Portland’s Waterfront Park raises funds to help the Oregon Humane Society find homes for pets as well as provide medical care and fight animal cruelty.

Raymond James is not affiliated with the above organization and/or charitable cause.

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

Raymond James is not affiliated with and does not endorse the opinions or services of Paul Nicely or Eaton Vance.

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.

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