Insights
Market Commentary
Market Commentary: Employment Numbers Beat Expectations as S&P 500 Nears February High
The U.S. economy added 1.8 million jobs in July as hiring momentum in the service sector allowed many workers to reclaim lost jobs or get new ones. The pace of hiring slowed compared to gains of 2.7 million and 4.8 million in May and June. The slowing growth reflects consumer caution as new virus cases surge and the slowing pace of economic reopening.
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Monthly Newsletters
Comparing Traditional Mortgages and Variable-Rate Mortgages in the COVID-19 Economy
Do you know what it was like to buy a house in 1982? You pulled up your Trans Am to the bank where the picture of President Regan hung on the lobby wall and got your checkbook out of your jean jacket. Then you signed up for a 30-year mortgage with a 17% interest rate!
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Market Commentary
Market Commentary: GDP Substantially Lower than Last Year, S&P Rallies in July
U.S. GDP fell 32.9% last quarter on an annualized basis. It wasn’t as bad as it looks. Annualizing the data magnifies the decline by assuming the trend will continue for a full year. A better assessment can be gained by comparing GDP to the same quarter last year.
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Videos
Q3 Market Outlook Webinar
Scott Kubie, Senior Investment Strategist at Carson Group, put together our Quarterly Market Outlook for the third quarter with multiple factors in mind. Click Here to Watch the Webinar
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Blog
Investment Account or Savings Account – What option is best for me?
Investment account or savings account? This is a great question and one I enjoy answering since I began my financial career in banking. It is important for everyone to have accounts with your local financial institution; however, over my 15 years at the bank, I started to understand that it was equally important for individuals to also have access to investment accounts in order to achieve their financial goals.
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Market Commentary
Market Commentary: S&P 500 Earnings are Strong, but Initial Unemployment Claims Increase
The increased number of COVID-19 cases appears to be pressuring employment in the U.S. Last week, the number of initial unemployment claims rose from 1.3 million to 1.4 million. (See Figure 1.) After slowly declining for weeks, the uptick shows signs of a weakening job market.
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