TRADE TENSIONS CONTINUE TO DO DAMAGE TO THE MARKETS: Late Thursday, President Trump threatened to impose escalating tariffs on Mexico beginning June 10, and markets responded by moving down 1% on Friday. This has exacerbated the trade tensions that already exist with China and which have been causing falling stock prices all month. For the…
DetailsTENSION CAUSES STOCK SETBACK, REPRISE: Trade tension between the world’s two largest economies, China and the U.S. continued to weigh on stock markets. The S&P 500 had another negative week, and the Dow Jones Industrial Average suffered its fifth consecutive week of losses, the longest such streak since 2011. Growing rhetoric by politicians about the…
DetailsINFLATION STILL TAME: The U.S. Federal Reserve Bank has set its inflation target at 2%. It works hard to keep the U.S. far away from deflation, and it does not want runaway inflation. To the Fed, Goldilocks territory is 2%. The Consumer Price Index (CPI) gained 0.3% in April. If you take out the more…
DetailsU.S. LABOR MARKET KEEPS HUMMING: In April, the U.S. economy added 263,000 new jobs. That is the 103rd consecutive month of positive job creation in the U.S. The unemployment rate dropped to 3.6%, the lowest it has been since December 1969. The drop in the unemployment rate was caused by the large increase in jobs…
DetailsSTRONG G.D.P. GROWTH IN FIRST QUARTER: U.S. economic growth, as measured by Gross Domestic Product, grew at an annual rate of 3.2% in the first quarter according to the U.S. Commerce Department. No one was forecasting growth that high. This is the best first quarter showing in four years. The high number was driven largely…
Details
April 24, 2019 Dear Clients and Friends: It is truly a pleasure to serve you. In this letter, we want to update you with what has happened recently in the broader markets and provide you with some insight about where the economy is headed as well as information on changes we have made…
DetailsRETAIL SALES PICK UP: Over the past few months, U.S. retail sales numbers have been lackluster. In March, sales rose at their fastest pace in a couple of years rising 1.6% from the prior month and 3.6% from March of last year. Spending on autos, gasoline, furniture and clothing rose. UNEMPLOYMENT CLAIMS GO DOWN…
Details118 MONTHS AND COUNTING: Now that the economic recovery has continued into April, it is now into its 118th month, making this the second longest recovery in U.S. history, according to the National Bureau of Economic Research. The longest was 120 months from March 1991 to March 2001. In three months, this will be the…
DetailsHIRING PICKS UP IN MARCH: After a February lull, hiring picked up again in March. The U.S. economy added 196,000 jobs and the unemployment rate held steady at 3.8%. The Labor Force Participation Rate ticked down (it has been in a tight range for about six years now). Wages in March were 3.2% higher than…
DetailsGREAT IMAGERY: Two things happen this time of year. The weather begins to heat up, and the baseball season starts. Even for those who do not religiously follow baseball, you can’t help but catch the “hope springs eternal” attitude that warmer weather and a “new beginning” brings. All baseball teams start with a clean slate…
Details© Copyright 2008-2018 Compass Ion Advisors, LLC. All Rights Reserved
Securities offered through APW Capital, Inc., Member FINRA/SIPC. 100 Enterprise Drive, Suite 504, Rockaway, NJ 07866 (800)637-3211. | finra.org
Certain representatives of Compass Ion Advisors are also Registered Representatives offering securities through Comprehensive Asset Management and Servicing, Inc., Member FINRA/SIPC
100 Enterprise Drive, Suite 504 | Rockaway, NJ 07866 | (800) 637-3211
Check the background of this firm on FINRA’s BrokerCheck.