From the title, you may be thinking about the iconic American meat that arrives in a rectangular 12-ounce tin (and is inexplicably popular in certain island states and American territories). However, your true worry should focus on the “spam” that arrives digitally as email, text, and social media messages.

The latter type of ‘spam’ took its name from the former. You may be familiar with a sketch from the 1970’s movie, Monty Python. The performance introduced a café that offered Spam in almost every dish, much to the dismay of a customer whose palette did not favor the processed meat.

Click here to read more

 

It’s been a busy year in Washington D.C. with a mixed view on accomplishments. Next on the agenda, Congress is beginning its shift (for the time being) to tax reform; lower taxes are expected to create improvements in the economy by increasing the rate of money flow (how fast it changes hands). On the surface, tax-reform has a good vibe and theoretically puts more money in consumer’s pockets. Granted, personal consumption expenditures represent 70 percent of gross domestic product, but journalists should know from Econ 101 that GDP only measures the value of final output. It deliberately leaves out a big chunk of the economy—intermediate production or goods-in-process at the commodity, manufacturing, and wholesale stages—to avoid double counting. We calculated total spending (sales or receipts) in the economy at all stages to be more than double GDP (using gross business receipts compiled annually by the IRS). By this measure—which we have dubbed gross domestic expenditures, or GDE—consumption represents only about 30 percent of the economy, while business investment (including intermediate output) represents over 50 percent.

Click here to read more

When making a sizeable donation as a direct gift, you know exactly how much you can afford to give and how it will affect your overall finances, but you may wish you could do more. If so, charitable trusts and annuities provide ways for you to make a major charitable donation while simultaneously receiving reimbursements that can help provide financial security.

Click here to read more

 

When economic data is good and consumer confidence reaches its highest level since 2001, U.S. equities have momentum on their side.  Last week the S&P 500 Index climbed 0.7% as the ISM non-manufacturing index showed that business activity and employment trends are improving.  As the economy improves, the Federal Reserve will likely move interest rates higher later this month. Investors are cheering this environment but we believe equity markets have gotten ahead of themselves.

Click here to read more

Heading into the election, headlines pontificated a huge sell-off (following a Trump win). Stocks closed at record highs last Friday, with gains of 0.5% for the Dow Jones Industrial Average, 0.4% for the S&P 500, and 0.3% for the Nasdaq Composite.  Year-to-date gains are now 6.5% for the Nasdaq, 3.5% for the S&P 500 and 2.6% for the Dow Jones Industrial Average. Equity markets have rallied since the election, leaving some question whether markets have come too far, too fast.  Even worse, are stocks in a bubble?

Click here to read more

America was highly attuned to the U.S. political backdrop last week as Donald J. Trump was sworn in as the nation’s 45th president. Investors are betting that President Trump will deliver on some of his pro-growth policies.  He is focused on several things, taxes being at the top of that list.  Still, financial markets were rattled (only slightly) by his comments that some parts of the tax plan are “too complicated” and the U.S. dollar is “too strong.”  Nevertheless, 8 of the 11 sectors in the S&P 500 Index traded higher last week.

Click here to read more

There are many benefits to marriage, but one you may not yet have considered is the flexibility married couples enjoy when deciding how and when to claim Social Security. Even though the basic rules apply to everyone, a couple has more options than a single person because each member of a couple1 can claim at different dates, and may be eligible for spousal benefits.

Click here to read more

Fidelity Viewpoints

Heading into the holiday weekend, stocks rose slightly on Friday amid low volume, the Dow managed its seventh consecutive weekly gain. Only three days of trading remain in 2016 and investors are optimistic for a solid finish without sizeable deterioration.  In recent weeks, however, the market has moved into what we call a bullish pennant formation. This setup usually resolves in prices moving higher but our medium-term indicators are overbought and seem to be flashing a sign of caution.  A pause or pullback should not be ruled out at this point.  Perhaps the most asked question is what is driving this market?

Click here to read more

For much of the last decade, inflation has been low by historical standards. But, recently, wage growth and higher prices have sent signs that inflation may be making a comeback, serving as a reminder of the risks that come when the buying power of a dollar falls. Such risks always exist, even when they don’t seem so obvious.For much of the last decade, inflation has been low by historical standards. But, recently, wage growth and higher prices have sent signs that inflation may be making a comeback, serving as a reminder of the risks that come when the buying power of a dollar falls. Such risks always exist, even when they don’t seem so obvious.

Click here to read more

Fidelity Viewpoints

Last week was another display of improving Investor sentiment which helped equity markets rally sharply. The S&P 500 Index surged on promises for better economic growth, tax reform and potential fiscal stimulus in 2017.  Sectors have rapidly rotated throughout 2016 and post-election has been no different.  In the last trading week, small caps and financials continue to lead the way.

Click here to read more