{"id":5933,"date":"2017-09-06T02:40:27","date_gmt":"2017-09-06T02:40:27","guid":{"rendered":"https:\/\/swwadvisors2.bradcable.com\/?p=5933"},"modified":"2017-09-06T02:40:27","modified_gmt":"2017-09-06T02:40:27","slug":"weekly-market-commentary-september-5-2017","status":"publish","type":"post","link":"https:\/\/advisors2.bradcable.com\/swwadvisorsdavid\/weekly-market-commentary-september-5-2017\/","title":{"rendered":"Weekly Market Commentary \u2013 September 5, 2017"},"content":{"rendered":"

The Markets<\/strong><\/p>\n

When it comes to economic growth, the government doesn\u2019t measure twice. It measures three times.<\/p>\n

Last week, the\u00a0Bureau of Economic Analysis<\/em>\u00a0revised its initial estimate that the gross domestic product (GDP), which is the value of all goods and services produced by a country or region, grew by 2.6 percent during the second quarter of 2017. The second estimate indicated the economy grew by 3.0 percent from April through June. The third and final GDP estimate for the second quarter will become available near the end of September.<\/p>\n

The New York Times<\/em>\u00a0reported:<\/p>\n

\u201cIf the economy were to sustain the current pace of expansion, it would be a significant uptick from the 2 percent annual growth rate that has mostly prevailed since the recovery began. A difference of a single percentage point may not sound like much, but the stakes are huge in a $19 trillion economy. The acceleration could also help lift wage growth, which has been frustratingly slow for years despite steady hiring, a surging stock market, and rising home prices.\u201d<\/p>\n

While second quarter\u2019s growth spurt was welcome news, it was overshadowed by the devastation wrought by Hurricane Harvey in Texas and across a swath of the Gulf Coast. Initial estimates of the property damage inflicted by the storm stand between $30 and $40 billion, reported\u00a0Yahoo! Finance<\/em>.<\/p>\n

Historically, hurricanes have impacted U.S. economic growth and Harvey is likely to be no different. An economist from\u00a0Goldman Sachs<\/em>\u00a0explained the usual progression of economic consequences to\u00a0Yahoo! Finance<\/em>:<\/p>\n

\u201c\u2026major hurricanes in the past have been associated with a temporary slowdown in retail sales, construction spending, and industrial production, as well as a pickup in jobless claims\u2026However, GDP effects are ambiguous, as the level of economic activity typically returns to its previous trend \u2013 or even somewhat above \u2013 reflecting a boost from rebuilding efforts and a catch-up in economic activity displaced during the hurricane.\u201d<\/p>\n

We send our thoughts and prayers to all of those affected by Hurricane Harvey.<\/p>\n

IF YOU DON\u2019T LIVE NEAR YOUR PARENTS AND OLDER FAMILY MEMBERS,<\/strong>\u00a0you may want to learn more about Social Security\u2019s Representative Payment Program (RPP).\u00a0The Center for Retirement Research at Boston College (CRRBC)<\/em>\u00a0published a brief in August that provided some insight into the need for the program:<\/p>\n

\u201cMany older individuals with cognitive impairment, including the vast majority of people with dementia, need help managing their finances. For retirees receiving Social Security benefits, the Representative Payee Program can serve as one source of this help. In the Representative Payee Program, a retiree\u2019s benefit is sent to another person (often a relative) who spends it on the retiree\u2019s behalf and submits records to Social Security documenting that the expenditures were in the beneficiary\u2019s best interest.\u201d<\/p>\n

Currently, not many people take advantage of the program. More than 10 percent of people who are age 65 or older have dementia, but just 9 percent of that group has a payee.<\/p>\n

That doesn\u2019t mean retirees aren\u2019t getting the help they need. Most are, according to\u00a0CRRBC<\/em>. Ninety-five percent of people with dementia have someone to help \u2013 an unimpaired spouse, nursing home staff, or adult children. Two-thirds have assigned power of attorney to a trusted party.<\/p>\n

If your parents are older and you haven\u2019t talked with them about how to handle issues related to finances and aging, it may be a good time to open a dialogue. Daily Caring suggests you, \u201cApproach the conversation around the most important considerations for older adults: safety, freedom, peace of mind, social connection, and being able to make choices.\u201d<\/p>\n

Weekly Focus \u2013 Think About It<\/strong><\/p>\n

\u201cBest thing about being in your 90s is you\u2019re spoiled rotten. Everybody spoils you like mad and they treat you with such respect because you\u2019re old. Little do they know, you haven\u2019t changed. You haven\u2019t changed in [the brain]. You\u2019re just 90 every place else\u2026Now that I\u2019m 91, as opposed to being 90, I\u2019m much wiser. I\u2019m much more aware and I\u2019m much sexier.\u201d
\n–Betty White, American actor and comedienne<\/em><\/p>\n

 <\/p>\n

* These views are those of Peak Advisor Alliance, and not the presenting Representative or the Representative\u2019s Broker\/Dealer, and should not be construed as investment advice.
\n* This newsletter was prepared by Peak Advisor Alliance. Peak Advisor Alliance is not affiliated with the named broker\/dealer.
\n* Government bonds and Treasury Bills are guaranteed by the U.S. government as to the timely payment of principal and interest and, if held to maturity, offer a fixed rate of return and fixed principal value. However, the value of fund shares is not guaranteed and will fluctuate.
\n* Corporate bonds are considered higher risk than government bonds but normally offer a higher yield and are subject to market, interest rate and credit risk as well as additional risks based on the quality of issuer coupon rate, price, yield, maturity, and redemption features.
\n* The Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general. You cannot invest directly in this index.
\n* All indices referenced are unmanaged. Unmanaged index returns do not reflect fees, expenses, or sales charges. Index performance is not indicative of the performance of any investment.
\n* The Dow Jones Global ex-U.S. Index covers approximately 95% of the market capitalization of the 45 developed and emerging countries included in the Index.
\n* 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.
\n* Gold represents the afternoon gold price as reported by the London Bullion Market Association. The gold price is set twice daily by the London Gold Fixing Company at 10:30 and 15:00 and is expressed in U.S. dollars per fine troy ounce.
\n* The Bloomberg Commodity Index is designed to be a highly liquid and diversified benchmark for the commodity futures market. The Index is composed of futures contracts on 19 physical commodities and was launched on July 14, 1998.
\n* The DJ Equity All REIT Total Return Index measures the total return performance of the equity subcategory of the Real Estate Investment Trust (REIT) industry as calculated by Dow Jones.
\n* Yahoo! Finance is the source for any reference to the performance of an index between two specific periods.
\n* Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.
\n* Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful.
\n* Past performance does not guarantee future results. Investing involves risk, including loss of principal.
\n* You cannot invest directly in an index.
\n* Consult your financial professional before making any investment decision.
\n* Stock investing involves risk including loss of principal.<\/p>\n

Sources:<\/strong><\/p>\n

https:\/\/www.bea.gov\/newsreleases\/national\/gdp\/gdpnewsrelease.htm<\/a>
\nhttps:\/\/www.nytimes.com\/2017\/08\/30\/business\/economy\/gdp.html?WT.mc_id=SmartBriefs-Newsletter&WT.mc_ev=click&ad-keywords=smartbriefsnl<\/a>
\nhttps:\/\/finance.yahoo.com\/news\/heres-economists-saying-hurricane-harveys-impact-154106784.html<\/a>
\nhttps:\/\/www.ssa.gov\/payee\/index.htm<\/a>
\nhttp:\/\/crr.bc.edu\/wp-content\/uploads\/2017\/08\/IB_17-15.pdf<\/a>\u00a0(Pages 1 and 3)\u00a0
\nhttp:\/\/dailycaring.com\/how-to-talk-with-parents-about-aging-conversation-starters\/<\/a>
\nhttps:\/\/www.thecut.com\/2014\/09\/25-famous-women-on-aging.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Last week, the Bureau of Economic Analysis\u00a0revised its initial estimate that the gross domestic product (GDP), which is the value of all goods and services produced by a country or region.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","wds_primary_category":0,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-5933","post","type-post","status-publish","format-standard","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/advisors2.bradcable.com\/swwadvisorsdavid\/wp-json\/wp\/v2\/posts\/5933","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/advisors2.bradcable.com\/swwadvisorsdavid\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/advisors2.bradcable.com\/swwadvisorsdavid\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/advisors2.bradcable.com\/swwadvisorsdavid\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/advisors2.bradcable.com\/swwadvisorsdavid\/wp-json\/wp\/v2\/comments?post=5933"}],"version-history":[{"count":0,"href":"https:\/\/advisors2.bradcable.com\/swwadvisorsdavid\/wp-json\/wp\/v2\/posts\/5933\/revisions"}],"wp:attachment":[{"href":"https:\/\/advisors2.bradcable.com\/swwadvisorsdavid\/wp-json\/wp\/v2\/media?parent=5933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/advisors2.bradcable.com\/swwadvisorsdavid\/wp-json\/wp\/v2\/categories?post=5933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/advisors2.bradcable.com\/swwadvisorsdavid\/wp-json\/wp\/v2\/tags?post=5933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}