September 5, 2016

05 Sep '16

The Markets

Attention investors: U.S. interest rates may be moving up and it might happen this year.

During last Friday’s speech at the Federal Reserve’s annual economic symposium in Jackson Hole, Wyoming, Fed Chairwoman Janet Yellen signaled that a rate hike is probably coming but, as usual, she didn’t offer any specifics about the timing. There’s a good chance the increase could occur during 2016.

Stock investors weren’t thrilled about Yellen’s comments last week, and major U.S. indices largely finished the week lower.

The overall blend in the practice this year has been a combination of dividend paying stocks, select bond holdings, a US focus on stocks with no European exposure which has been correct place to be. January of this year had an -8% sell off so and due to a careful approach that has been recovered. Thanks to all of you for patience and calm when these events happen.

Weekly Focus

Here are some quotes on Higher Education:

“The truth of it is, learning makes a silly man 10,000 times more insufferable.”

“A professor is one who talks in someone else’s sleep.”

Image courtesy of Day Donaldson, used in accordance with the Creative Commons Attribution 2.0 Generic license.

By BillSpalding
Recent comments

    All contents © copyright 2022 spaldingwealth.com // Client Relationship Summary Document

    Investment Advisory Services offered through Bill Spalding Wealth Management, Inc. - Bill Spalding, Investment Advisor Representative

    States Licensed for Securities: AL, AZ, CA, CO, FL, GA, HI, IL, LA, MD, MI, MN, MO, NC, NE, NH, NY, OH, OR, SC, TN, TX, VA, VT, WI

    States Licensed for Insurance: AL, CA, FL, GA, NC, VA

    Image Sources:

    Wealth Portal carousel image taken by John Karakatsanis, modified by Scott G. Parent and used in accordance with Creative Commons ShareAlike 2.0 license. Charging Bull parallax image taken by Glen Scarborough and used in accordance with Creative Commons ShareAlike 2.0 Generic license. Atlanta Skyline at Night carousel image taken by Chuck Koehler and used in accordance with Creative Commons 2.0 Generic license. Photos of Bodhi the dog taken by Karen Smalley and used with permission.