Domestic stock indices advanced to new highs last week, as government and corporate reports painted a positive picture of the U.S. economy.
Back in Victorian England , the British periodical The Strand would delight its European readers with true stories of exotic American oddities. One such example was the Philadelphia Phonograph School of Languages for Parrots run by a woman identified only as Mrs. Hope.
During an abbreviated week of trading, the domestic stock markets were relatively tranquil as a whole, although certain sectors saw significant movements. The S&P 500 Health Care sector dropped –4.4% last week, as companies felt increased political pressure to curb health care costs.
It’s earnings season again! Time to binge watch some 10-Q’s being filed on the SEC website. The big banks always begin every earnings season. On Friday, JP Morgan and Wells Fargo set the pace for the season with a top-line (revenue) and bottom-line (net income) beat. This morning both Citigroup and Goldman Sachs missed on the top-line while beating the bottom-line.
Recently, the international market research firm YouGov surveyed Americans about their daily financial habits. One interesting data tidbit was that over 55% of the respondents said that they stop to pick up pennies that they find lying on the ground. Is this a wise activity to undertake when all factors are considered? Well, let’s try an analysis.
The general coarsening of public discourse as time passes can be disconcerting, but it is important to remember that in the past, proper manners could become pretentious and down right ridiculous.
Executive Wealth Management has just been recognized as a 2019 Best Places to Work for Financial Advisers by InvestmentNews, a leading financial publication.