Click on the links below to scroll to a particular section.
The Week on Wall Street
Stocks drifted lower last week as investors considered the possibility that the world’s two largest economies might take some time to resolve key trade issues.
The S&P 500 retreated 1.17%; the Nasdaq Composite, 2.29%; the Dow Jones Industrial Average, 0.69%. The concern over trade was felt elsewhere: the overseas developed markets benchmark, the MSCI EAFE, also lost 1.41% in five sessions.,
Market Waits for Further Trade Talk Cues
A compromise on tariffs between the U.S. and China did not seem forthcoming last week. Negotiations appeared stalled. Regardless, President Trump and Chinese President Xi are slated to meet at June’s G20 summit in Japan.
The Department of Commerce has effectively banned U.S. companies from doing business with Chinese tech giant Huawei, a major global player in 5G technology. Some analysts think China may respond with retaliatory measures.
Leading Retailers Report Earnings
Big-box stores and other major retail chains announced first-quarter results last week. While some traditional department store chains disappointed (Kohl’s, JC Penney, Nordstrom), Macy’s recorded its sixth straight quarter of comparable sales growth. Target reported a 10.8% jump in earnings in the first quarter, Walmart announced Q1 gains in earnings and revenue, and Urban Outfitters saw record sales in Q1.,
Any companies mentioned are for informational purposes only, and this should not be considered a solicitation for the purchase or sale of their securities. Any investment should be consistent with your objectives, time frame, and risk tolerance.
As new chapters in the U.S.-China trade drama continue to unfold, remember that your investment approach is built around your long-term objectives and risk tolerance. There will always be day-to-day price changes; there will always be breaking news alerts. The disciplined, long-term investor stays the course through the ups and downs.
THE WEEK AHEAD: KEY ECONOMIC DATA
Tuesday: The Conference Board’s latest monthly consumer confidence index.
Friday: May consumer spending numbers and May’s final University of Michigan consumer sentiment index (another important measure of consumer confidence levels).
Source: Econoday / MarketWatch Calendar, May 24, 2019
The Econoday and MarketWatch economic calendars list upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to be providing accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts also are subject to revision.
THE WEEK AHEAD: COMPANIES REPORTING EARNINGS
Wednesday: Dick’s Sporting Goods (DKS), PVH (PVH)
Thursday: Costco (COST), Dell (DELL), Dollar General (DG), Ulta Beauty (ULTA)
Source: Morningstar.com, May 24, 2019
Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Any investment should be consistent with your objectives, time frame and risk tolerance. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule when they report earnings without notice.
|“When obstacles arise, you change your direction to reach your goal; you do not change your decision to get there.“|
“Ice Cream Truck” Ice Cream Sandwich
Recipe adapted from Serious Eats
Lock Down with a Stronger Password
One of the best ways to secure your personal financial data, like your Social Security number and banking and credit card information, is to create a strong password. Simple and predictable passwords can be cracked by cybercriminals, and your identity can be stolen. Check out these tips to lock down your privacy:
- Create a passphrase that you can picture in your head, making it hard for cybercriminals to guess, but easy for you to remember.
- Use a different password or passphrase for each account. If necessary, consider using a password manager for multiple accounts.
- Change all factory-set passwords. Factory-set passwords are a go-to for cybercriminals. Be sure to create strong passwords for wireless devices like printers and routers.
- Use multifactor authentication. When possible, use sites with multifactor authentication. This adds another layer of protection by requiring more than just your username and password to access your account. You’ll most likely be sent a unique security code to your cell phone, which you’ll need to enter when prompted, in order to access the site.
* This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax professional.
Tip adapted from IRS.gov
Stop Caring for More Control
It’s extremely common for golfers, pro or amateur, to have a hole or holes that they routinely play poorly. You know the ones; they aren’t just adding bogeys to the scorecard. In fact, it’s closer to a total meltdown. Hitting drives into the weeds, skulling chips, leaving balls in the bunker, and finishing things off with a putting exhibition might resemble slapstick comedy more than respectable sport.
So, the next time you tee up on your personal problem hole, pretend it’s a brand-new hole. Maybe, select an iron instead of driver; perhaps, lay up short of the water hazard you normally try to carry. But most important of all, try not to care what anyone thinks of your approach.
Tip adapted from Golf Digest
There are so many benefits to journaling. It alleviates stress, gives you clarity, improves memory, and may actually make you a better writer. Check out a few tips to start journaling right away.
- Write on paper. Get yourself a nice journal that you like and write in it. There are benefits to physically writing (versus typing on a keyboard) that tap into your emotions, creativity, and intelligence.
- Just write. Freely write whatever comes to mind. This journal is for you, and you’ll benefit by just putting pen to paper.
- Try a writing prompt. You can search for journal prompts online. Sometimes it’s a question, “what would I do with 1,000,000 dollars?” or sometimes a fill-in-the blank such as “the strangest thing that happened today was __________.”
- Sometimes journaling can be a list, such as a gratitude list, a list of friends and their traits, or a list of things you love.
- A little or a lot. Whether you write a little or a lot, try to make it a habit, and occasionally revisit what you wrote.
Tip adapted from Bustle
Tiny Houses with Big Sustainability
A tiny house is one that is built on wheels. This differs from a small house, which is 250 to 1,000 square feet and meets building codes with running water, heating, and cooling. The sustainability benefits are substantial with a tiny house. Here are just a few pluses:
Less space, less waste. It’s difficult to own a lot of possessions, like clothing and “stuff,” like plastics and non-recyclable packaging, which potentially have negative impact on the environment.
Built with sustainable materials. Tiny homes can be built with reclaimed wood and salvaged materials curated from yard sales, the dump, or even Craigslist. Sustainable building materials can also be purchased from companies that sell sustainably sourced materials.
Off-the-grid living. A tiny house doesn’t require electricity, running water, or flushing toilets. You can live in your tiny house and source sustainable items, like outdoor composting toilets as well as solar panels for electricity generation.
Save energy. As you might imagine, it doesn’t take a lot of energy to heat or cool a tiny house.
Tip adapted from Green Future
Share the Wealth of Knowledge!
Please share this market update with family, friends, or colleagues.
If you would like us to add them to our list,
simply click on the “Forward email” link below. We love being introduced!
If you would like to opt-out of future emails, please reply to this email with UNSUBSCRIBE in the subject line.
Insert your broker/dealer disclosures here. i.e. Securities offered through “Your B/D Name Here,” Member FINRA/SIPC.
Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.
Diversification does not guarantee profit nor is it guaranteed to protect assets.
International investing involves special risks such as currency fluctuation and political instability and may not be suitable for all investors.
The Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general.
The Dow Jones Industrial Average is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange and the NASDAQ. The DJIA was invented by Charles Dow back in 1896.
The Nasdaq Composite is an index of the common stocks and similar securities listed on the NASDAQ stock market and is considered a broad indicator of the performance of stocks of technology companies and growth companies.
The MSCI EAFE Index was created by Morgan Stanley Capital International (MSCI) that serves as a benchmark of the performance in major international equity markets as represented by 21 major MSCI indices from Europe, Australia, and Southeast Asia.
The 10-year Treasury Note represents debt owed by the United States Treasury to the public. Since the U.S. Government is seen as a risk-free borrower, investors use the 10-year Treasury Note as a benchmark for the long-term bond market.
Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.
Past performance does not guarantee future results.
You cannot invest directly in an index.
Consult your financial professional before making any investment decision.
Fixed income investments are subject to various risks including changes in interest rates, credit quality, inflation risk, market valuations, prepayments, corporate events, tax ramifications and other factors.
These are the views of Platinum Advisor Strategies, LLC, and not necessarily those of the named representative, Broker dealer or Investment Advisor, and should not be construed as investment advice. Neither the named representative nor the named Broker dealer or Investment Advisor gives tax or legal advice. All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. Please consult your financial advisor for further information.
By clicking on these links, you will leave our server, as the links are located on another server. We have not independently verified the information available through this link. The link is provided to you as a matter of interest. Please click on the links below to leave and proceed to the selected site.