Market Update for October 30th, 2017

October 30, 2017

THIRD QUARTER SAW SOLID ECONOMIC GROWTH Friday, the Bureau of Economic Analysis issued its first estimate of Q3 GDP: 3.0%. Its report showed increases in personal spending and business stockpiling offsetting a dip in home building. The economy grew 3% or more for a second straight quarter for the first time since 2014. Growth has…

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Market Update for October 23rd, 2017

October 23, 2017

SEPTEMBER SAW SLIGHTLY MORE HOME BUYING Existing home sales advanced 0.7% last month, according to a National Association of Realtors report. This gain broke a 3-month streak of retreats. Single-family home sales rose 1.1%. Housing inventory increased 1.6% last month, but it was still 6.4% under year-ago levels.1 GROUNDBREAKING FALLS TO A 12-MONTH LOW Housing…

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Market Update for October 16th, 2017

October 16, 2017

RETAIL SALES, SENTIMENT NUMBERS IMPRESS Two economic indicators stood out last week. Retail purchases rose 1.6% during September as households and businesses replaced cars and trucks damaged in hurricanes. This was the best monthly advance recorded by the Department of Commerce since March 2015, and the gain was 1.0% even with auto buying removed. The…

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Sutley Wertzer Client Event at The Vine Wine & Tapas – October 15th, 2017

October 16, 2017

     

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Market Update for October 9th, 2017

October 10, 2017

HURRICANES HURT SEPTEMBER JOB NUMBERS For the first time in seven years, the economy went a month without payroll growth. The Department of Labor’s September employment report revealed the impact of Hurricanes Harvey and Irma: it showed 33,000 fewer people working. Average hourly wages rose 0.5% to take the annualized gain to 2.9%, but this…

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