<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=2055643904680562&amp;ev=PageView&amp;noscript=1">

The Caldwell Trust Company Blog

Market Preview Week of 9/25/17 - Investor Sentiment

Posted by Chris McGee, CFA CAIA

  • The Federal Reserve holds short rates steady
  • Unwinding of the Fed's balance sheet commences
  • Impacts of Harvey & Irma to distort economic releases
  • S&P 500 Q3 earnings expected to grow 4.5%
  • Equity markets mixed on the week

As was widely anticipated the Federal Reserve Open Market Committee elected to keep short term rates steady in a range of 1% - 1.25%. The Fed will commence reducing the size of its balance sheet in October by not reinvesting proceeds from maturing securities. In theory, the “run off” of Treasuries and Mortgage Backed securities could push longer maturity yields higher over time. The last couple of weeks have seen longer term interest rates move higher in anticipation of the Fed’s actions.  The Fed has emphasized it will implement its program slowly, and its intentions have been well telegraphed though are unprecedented. Rising rates implies principal loss for bondholders. We are currently conservatively postured in portfolios from an interest rate perspective. We don’t intend to make any major changes to our fixed income positioning and will monitor the impact of the Fed’s balance sheet reduction.

 

Read More
0 Comments | View Comments

Topics: Market Preview

Are You Losing Sleep Over Your Finances?

Posted by Tony Blasini, CPC, QPA

Would it surprise you to learn that more Americans are losing sleep over their finances now than they did during the Recession? Nearly two-thirds of all Americans (65%) are losing sleep over their money worries, which is up 3% from the financial crisis, and more than a third of those (37%) are sleepless thanks to worrying about their retirement. But planning for retirement doesn’t have to fuel your anxiety. Today’s post will give you an overview of how much you need to save for retirement, discuss planning for retirement, and share tips to help you get started.

Read More
0 Comments | View Comments

Topics: Retirement Plan Services

Market Preview Week of 9/18/17 - Investor Sentiment

Posted by Chris McGee, CFA CAIA

  • Domestic equity markets continue to move higher
  • The Dow puts in its best weekly performance of the year
  • Domestic bonds yields reverse and move higher

Events external to the capital markets continue to have negligible impact on the markets’ steady climb upward. All three major equity indices were up over 1% last week with the Dow Jones Industrial Average posting its best gain of the year (up 2%+). The markets’ ignored, for the most part, yet another North Korean missile launch, fallout from hurricane Irma, and politics in Washington.

The yield on the benchmark 10-year Treasury bond reversed and moved higher closing the week with a yield of 2.2%. The Federal Open Market Committee (FOMC) meets Tuesday and Wednesday, it is expected that rates will not be raised. It is expected that they will announce commencement of reducing the size of their balance sheet through bond sales. Janet Yellen will hold a news conference Wednesday afternoon after the close of their meeting.

 

Read More
0 Comments | View Comments

Topics: Market Preview

Could Selling Your Business be Enough for Your Retirement?

Posted by Tony Blasini, CPC, QPA

You may be like a lot of small business owners (39%) and generally plan on selling your business to fund your retirement, especially if your revenue is about $500,000 (52%). Are you also among the 30% that have no succession plan for their company, or the 17% that haven’t even identified a potential buyer? It’s an unfortunate misconception in small business retirement planning to think that just selling a company is a safe bet for long-term goals.

Read More
0 Comments | View Comments

Topics: Retirement Plan Services

Market Preview Week of 9/12/17 - Investor Sentiment

Posted by Chris McGee, CFA CAIA

  • Domestic equities trade off on the week
  • Hurricane relief passed in Washington with strings attached
  • Domestic bonds and gold continue to rally
  • Relatively quiet on the earnings and economic front next week

Domestic equity markets were down slightly for the week in lackluster trading. Markets were preoccupied with the aftermath of hurricane Harvey and the anticipation of hurricane Irma. Congress passed and the President signed into law a $15+ billion aid package for the two hurricanes tied to extending the government’s funding and suspending its debt limit until early December. The major equity indices domestically remain in a trading range and while up since mid-year, have not advanced meaningfully.

Hurricanes Harvey and Irma, and continued worries over North Korea’s nuclear threat helped domestic bonds rally once again this week. The yield on the benchmark 10-year Treasury bond is approaching 2%. While we have commented previously on domestic lackluster growth and very low inflation, the financial media has increasingly noted the apparent lack of inflation globally and its ultimate impact on interest rates. Time will tell but with the coming economic disruptions from Harvey and Irma economic data in the short term may become more muddied adding uncertainty to the markets.

 

Read More
0 Comments | View Comments

Topics: Market Preview

Office Hours following Hurricane Irma

Posted by Kelly Caldwell

We hope you and your families are safe and well.

All of our staff have been contacted and all have successfully weathered this signifcant hurricane and remain safe. We are so thankful. Second, both offices are in good shape and only experienced landscaping debris. In case you need anything, our office hours the next following days for both offices are as follows: 

Read More
0 Comments | View Comments

Topics: Corporate

Gentle Reminder to Obtain Cash Prior to Storm

Posted by Kelly Caldwell

As everyone is preparing for the approach and potential impacts of Hurricane IRMA, we wish to remind you to obtain cash today or tomorrow to have on hand for groceries and other needs as they arise after the storm. The wind gusts could take down power lines and that leaves most retailers with the ability to only accept cash. We are here to certainly assist you on this front. 

We do plan to close our offices tomorrow, Friday, September 8th, at noon. As of now, it is expected that we will resume normal operations on Tuesday, September 12th. Emergency communications from clients during this time will be monitored and managed to the best of our ability.  More updates will be made available on Facebook so follow us there.  

Be safe everyone.

Godspeed to all,

R.G. "Kelly" Caldwell
President & CEO

Read More
0 Comments | View Comments

Topics: Corporate

Don’t Let Money Take Control of Your Retirement

Posted by Tony Blasini, CPC, QPA

Would it surprise you to learn that more Americans are losing sleep over their finances now than they did during the Recession? Nearly two-thirds of all Americans (65%) are losing sleep over their money worries, which is up 3% from the financial crisis, and more than a third of those (37%) are sleepless thanks to worrying about their retirement. But planning for retirement doesn’t have to fuel your anxiety. Today’s post will give you an overview of how much you need to save for retirement, discuss planning for retirement, and share tips to help you get started.

Read More
0 Comments | View Comments

Topics: Retirement Plan Services

 


 

Leave a comment for this blog post:

Follow Caldwell Trust Company

 facebook  twitter  linkedin  icon_youtube  icon_pinterest

Subscribe to Email Updates

Recent Posts