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The Caldwell Trust Company Blog

Investor Sentiment - Strong Initial Q2 GDP Numbers Released

Posted by Chris McGee, CFA CAIA

  • Domestic equity market returns mixed on the week.
  • Bond yields inch up
  • Strong initial Q2 GDP numbers released

For the second week in a row both the S&P 500 and the Dow Jones Industrial Average turned in positive results while the tech heavy NADAQ declined. The Dow was up over 1.5% for the week; the S&P 500 over .5%, and the NASDAQ declined just over 1%. The easing of trade tensions may have helped money flow into some of the more cyclical sectors like Industrials and Materials.

Facebook’s earnings results – slowing subscriber growth and less optimistic guidance – renewed concerns over the dominance of a handful of technology stocks driving market performance. Financial issues have also posted a strong month which has hurt the NASDAQ’s performance on a relative basis (compared to the S&P 500 and Dow) as of late. That said, the Technology and Consumer Discretionary (heavily influenced by Amazon) sectors have dominated performance for both the last 3 months and year-to-date.  Read More
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Topics: Market Preview

5 Life Occurrences When Your Estate Plan Should Be Updated

Posted by Jan Miller

If you already have your will, trust, and other estate planning documents in place, congratulations. You’ve taken an important step toward ensuring your wishes will be carried out when you die, or during periods of lifetime incapacity. However, don’t make the mistake of thinking your documents are carved in stone; they’re not. In fact, you should review them every three years or even more frequently, such as when reviewing your financial plan. Several types of life events could necessitate changes to your existing estate planning documents:

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Topics: Trusts & Estate Planning

Investor Sentiment - Q2 Earnings Coming in Strong

Posted by Chris McGee, CFA CAIA

  • Domestic equities flat; bond yields rise slightly.
  • As expected Q2 earnings coming in strong.
  • Investors' continue to focus on news flow.

The domestic equity markets spent a considerable amount of time last week going nowhere. All three major indices were for all intents and purposes flat. The only bright spot was that financial stocks finally led all sectors advancing over 1% on the week. Overall, the financials that have reported have exceeded earnings estimates and forward guidance has been decent. Loan growth for the banks could be stronger and the interest rate environment could be more constructive. Energy stocks were the worst performers declining almost 2% as the sector continues to be among the most volatile. Telecommunication issues had yet another poor showing.

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Topics: Market Preview

What You as an Employee Should Know About Retirement Plan Rollovers: Options, Steps, and Considerations

Posted by Tony Blasini, CPC, QPA

If your current or former employer offers a qualified retirement plan, such as a Profit Sharing, 401(k), 403(b), SIMPLE IRA or SEP, you can take your vested balance with you when you leave by “rolling over” the balance from your plan account to an IRA rollover account. If your rollover meets IRS requirements, the transaction will not be a taxable event and your money will continue to grow tax-deferred. Generally, rollovers must be made within 60 days of the money being distributed (unless it is a Direct or Trustee to Trustee rollover) in order to meet IRS requirements, although there are certain limited exceptions when the IRS may waive that requirement.

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Topics: Retirement Plan Services

Additional Tax Reform in Sight?

Posted by Chris McGee, CFA CAIA

We are always looking to add value to client relationships. One way to achieve this is to make our clients aware of potentialities that have a decent chance of becoming reality. Along these lines we want to give everyone a “heads up” on talk of additional tax stimulus which is gaining traction in political circles in D.C.

While attending an annual economic conference in Washington this spring the idea of indexing capital gains for inflation was brought up. Subsequently, a number of articles have appeared in the financial press, and of late an Op-Ed piece in the Wall Street Journal.

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Topics: Trusts & Estate Planning

Investor Sentiment - Signs of Economic Growth and Inflation Accelerating

Posted by Chris McGee, CFA CAIA

  • Stocks have strong week
  • Banks report mixed Q2 results
  • Many high-profile companies report earnings next week
  • Signs of economic growth and inflation accelerating

Equity returns were strong across the board last week as all three major domestic market indices advanced 1.50% or better. The Dow Jones Industrial Average is once again in positive territory for the year as the index gained 2.30%. Q2 earnings season kicked off with Pepsi turning in great results on Tuesday. Three big banks reported Friday and results were mixed. J P Morgan beat both top and bottom line estimates. Citi beat profit estimates but came up short on revenue expectations. Wells Fargo missed both revenue and earnings estimates. All three stocks traded off and the financials as a sector declined for the day. For all the positives supporting an advance in the banks and financials the sector continues to underperform.

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Topics: Market Preview

Your Digital Assets Can Be Protected: Here's 5 Assets To Consider Including When Estate Planning

Posted by Sandy Pepper

When most people are ready to develop their estate plan, they want to develop a strong plan for the future and ensure that all of their assets and property go to the right people. Yet many times, they forget about the online assets they use each and every day. That’s because it’s easy to overlook just how much these assets are worth and what happens to these assets when you go. For one thing, there’s the emotional value; your online activity is an extension of yourself. For another, there’s real monetary value — depending on the source, the average American has between $35,000 and $55,000 in digital assets.

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Topics: Digital Assets, Trusts & Estate Planning

Investor Sentiment - Major Equity Market Indices All Advance

Posted by Chris McGee, CFA CAIA

  • Major equity market indices all advance
  • Rotation over the last month into defensive sectors
  • Another strong quarter of earnings (Q2) about to begin
  • Yield curve is flattening once again

In the abbreviated trading week all three major domestic indices advanced. The NASDAQ lead the way with a gain of 2.37%, the S&P 500 advanced 1.52%, and the Dow Jones Industrial Average was up .76% for the week. The Dow’s performance was actually pretty good given the tariff situation. Health Care and Technology were the best performing sectors both up in excess of 2.50% on the week. Utilities and Telecom sectors also posted strong gains.

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Topics: Market Preview

Executive Summary - Monthly Market Commentary June 2018

Posted by Chris McGee, CFA CAIA

Half way through the year the domestic capital markets continue to consolidate as they have since the late January equity market sell-off and spike in Treasury yields. The fundamental underpinnings of the markets remain solid and increasingly the news flow out of Washington is dominating short term market action. With the exception of the technology driven NASDAQ domestic equity market returns are relatively flat with the S&P 500 index returning 1.67% and the Dow Jones Industrial Average down 1.81% at mid-year. The NASDAQ is up 8.79% for the year. Of note is the pick up in equity market volatility which has moved towards historically normal levels from the ultra-low levels of last year. Read More
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Topics: Market Preview

 


 

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