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WEEKLY MARKET COMMENTARY

 

Furstenau Wealth Update

July 6, 2020

 

The Markets

 

What a quarter!

 

Who could have guessed a global pandemic would produce outsized stock market returns? Near the end of last quarter (March 23), the Standard & Poor’s 500 Index was down 30.75 percent for the year, and it looked like 2020 was going to be a disappointing year for many investors.

 

Since then, the S&P 500 has gained 39 percent, reported The Economist. It rose 20 percent from March 31 to June 30. The Dow Jones Industrial Average also did well, delivering its second best quarterly showing since 1938. The Nasdaq Composite finished the quarter in positive territory.

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Furstenau Wealth Update

June 29, 2020

 

The Markets

 

Blame it on the coronavirus.

 

Stock markets in the United States and Europe retreated last week as the number of new COVID-19 cases increased steadily in America. On Thursday, there were more than 44,000 new cases, the highest daily total to date, according to data from the Centers for Disease Control.

 

“The turn has created a new puzzle for investors, many of whom had started focusing on 2021 earnings expectations as the next performance-driver for stocks. The old market gauges, like manufacturing surveys, jobs tallies, and retail sales, feel like lagging indicators. The new leading indicators deal with the disease. Yet tracking its progress is tricky even for epidemiologists who have studied these issues for decades,” reported Avi Salzman of Barron’s.

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Furstenau Wealth Update

June 22, 2020

 

The Markets

 

Could it be the upside surprises?

 

U.S. stock markets have marched higher despite a pandemic, an economic downturn, and social justice protests – and a lot of people have wondered why.

 

Greg Rosalsky of Plant Money spoke with Nobel Prize-winning economist Robert Shiller about, “…the mass psychology of a gazillion buyers and sellers, who each are telling themselves their own stories about why they're making the trades they're making.”

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Furstenau Wealth Update

June 15, 2020

 

The Markets

 

The Nasdaq Composite dipped its toes into record territory last week before retreating.

 

Stock indices in the United States rallied early last week on optimism about the reopening of businesses across the country. The Nasdaq Composite rose to 10,000 for the first time ever, before tumbling lower.

 

Nicholas Jasinski of Barron’s reported, “What caused the rally to sputter this past week? Nothing particularly new or unexpected. On Wednesday, Federal Reserve Chairman Jerome Powell emphasized the long, slow path back to previous levels of employment and economic activity, in contrast to the market’s lightning-fast recovery. Shocking.”

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ARTICLES

 

July 08, 2020

The widespread impact of coronavirus has had everyone on edge. And while some parts of the economy are opening up, I’ve been hearing from many of you who are rightfully concerned about ongoing market uncertainty.

Seeing your portfolio balance fluctuate dramatically is worrisome for any investor, especially newer investors who have only seen the market rise, and older investors who are near or in retirement. But before you panic, remind yourself that shock and surprise are hallmarks of the stock market. How long will this last? What’s next? No one knows for sure, but there are positive things you can do to keep your investments on track and help you stay cool, calm and collected.

Read on for 5 things you can do now!

June 25, 2020

How can we know what the best investments to make in 2020 will be? Well, we can’t, at least not exactly. But we can look at the trends, add in some time-honored wisdom, and make some bankable plans.

June 18, 2020

Tax-loss harvesting is a strategy that can help investors minimize any taxes they may owe on capital gains or their regular income. It can also improve overall investment returns. As a strategy, tax-loss harvesting involves selling an investment that has lost value, replacing it with a reasonably similar investment, and then using the investment sold at a loss to offset any realized gains.

June 03, 2020

It seems there are generally two camps when it comes to finances: those who swear by their financial plans and those who do not have one. The planners tend to have every step mapped out for the next twenty to forty years with specific savings and investing goals. The ones who do not have a plan have a vague idea that things will work out for them if they put a little bit towards retirement each month. They may have debt and no solid plan to purchase a house.

Unfortunately, without a financial plan, it can be a lot more difficult to reach your financial goals, because you do not know which goal to work on next. Your financial plan will help you be ready for each of the financial steps in your life.

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