Money Advice

The U.S./China trade spat shows no signs of letting up

Posted by The Simply Money Advisors Team on Jul 16, 2018 1:43:58 PM

After the U.S. imposed tariffs on $34 billion of Chinese goods on July 6th, China immediately retaliated with tariffs on the same amount of US goods. Because of China's retaliation, the U.S. announced last week, on July 10th, tariffs on $200 billion of Chinese goods that could go into effect around August 23rd.

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Topics: Economy

Are growing recession fears warranted?

Posted by The Simply Money Advisors Team on Jun 25, 2018 11:05:09 AM

Recession fear has been rising over the past few weeks with some investors worried the Federal Reserve, our nation’s central bank, will raise short-term interest rates too quickly, causing the economy to shrink.

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Topics: Economy

Our trade ‘spat’ with China escalates

Posted by The Simply Money Advisors Team on Jun 18, 2018 11:55:56 AM

Last week was perhaps the most highly anticipated week of the year with the U.S./North Korea summit, the Federal Reserve hiking short-term interest rates, the U.S. releasing its list of Chinese products subject to tariffs, and China stating they will respond with tariffs of equal scale. One normally would have expected tremendous stock volatility, but stocks were calm.

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Topics: Economy

All eyes on trade talks and North Korean summit

Posted by The Simply Money Advisors Team on Jun 11, 2018 2:41:54 PM

It’s a big week in the U.S. and abroad with plenty of important economic data, key central bank meetings, the U.S./North Korea summit, and of course, continued talk about trade with other countries.

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Topics: Economy

U.S. and China declare trade war truce, higher interest rates and oil prices the new concern

Posted by The Simply Money Advisors Team on May 21, 2018 12:22:37 PM

The U.S. and China have declared a truce on the trade war that has been troubling Wall Street. Over the weekend, Treasury Secretary Steven Mnuchin said, “We are putting the trade war on hold. Right now, we have agreed to put the tariffs on hold...”

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Topics: Economy

Oil prices rising, but U.S. economy still healthy

Posted by The Simply Money Advisors Team on May 14, 2018 12:13:22 PM

U.S. relations with the rest of the world dominated headlines last week and will likely take center stage again this week.

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Topics: Economy

Unemployment rate reached 17-year low as more people leave the workforce

Posted by The Simply Money Advisors Team on May 7, 2018 1:44:15 PM

The devil is in the details. Even though April's unemployment rate dropped from 4.1% to 3.9%, hitting a 17-year low, it wasn't because significantly more people found jobs. It was actually due to 236K people dropping out of the labor force. In a separate part of the April jobs report, businesses reported they were employing 164K more people than the prior month. 

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Topics: Economy

GDP and corporate earnings exceed expectations

Posted by The Simply Money Advisors Team on Apr 30, 2018 3:13:32 PM

Wall Street’s nerves were high at the start of last week, as interest rates jumped with the yield on 10-year government bond hitting 3%. Fortunately, strong earnings from companies like Facebook and Amazon helped ease those nerves and lift markets. 

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Topics: Economy

Economic growth pulls back, yet earnings remain strong

Posted by The Simply Money Advisors Team on Apr 23, 2018 2:04:47 PM

Corporate earnings will again be the most important item for Wall Street this week.

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Topics: Economy

Positive developments on trade; earnings season now in spotlight

Posted by The Simply Money Advisors Team on Apr 16, 2018 12:07:44 PM

A trade war with China has been the major fear gripping the markets over the past few weeks, but fortunately, tensions eased last week thanks to conciliatory comments from President Trump and Chinese President Xi.

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Topics: Economy

Disclaimer

Please remember that past performance may not be indicative of future results.  Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Simply Money Advisors), or any non-investment related content, made reference to directly or indirectly will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful.  Due to various factors, including changing market conditions and/or applicable laws, this content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained here serves as the receipt of, or as a substitute for, personalized investment advice from Simply Money Advisors. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. Simply Money Advisors is neither a law firm, a certified public accounting firm, nor a tax advisory firm and no portion of the blog content should be construed as legal, accounting, or tax advice. Please consult your own attorney, accountant, and tax advisor for legal, accounting, and tax advice. A copy of the Simply Money Advisors’ current written disclosure statement discussing our advisory services and fees is available for review upon request. Advisory services offered through Simply Money Advisors, a SEC registered investment adviser. Insurance services are offered through Simply Money Insurance Agency, a separate entity from Simply Money Advisors. Simply Money™ and the spiral symbol are trademarks of Simply Money IP Holdings, LLC.

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