RIP General Electric

June 20, 2018

One of the big pieces of news in the financial world today focuses on General Electric (GE). The iconic American conglomerate has been removed from the Dow Jones Industrial Average, and its stock will no longer be included when the index is calculated. It will be replaced by the drugstore chain Walgreens.

Continue reading → Leave a comment

Tariffs and Trade Wars: Part 4

June 19, 2018

As we close out this series on tariffs and trade wars, let’s review what we’ve covered so far.

There is a case to be made for modifying the existing world trade system, and there are systemic imbalances and costs that need to be rectified. That being said, we need to ensure that we maintain as many of the good things about the current system as we can because, despite the costs, the U.S. is actually in a very favorable position overall.

Continue reading → Leave a comment

Monday Update: Inflation and Retail Sales on the Rise

June 18, 2018

Last week was a busy one for economic reports. The week ahead will be a bit slower, although we will get some news on housing.

Continue reading → Leave a comment

Tariffs and Trade Wars: Part 3

June 15, 2018

We closed part 2 of this series with a summary of the benefits of the current system of open trade: peace, prosperity, and, for the U.S., control of the world system. Although this has come at substantial financial and trade cost to the U.S., this cost has been more than offset by the benefits. Indeed, everyone has won from the current system.

Continue reading → Leave a comment

Appearance on CNBC's Power Lunch, June 14, 2018 [Video]

June 14, 2018

Earlier today, I appeared on CNBC's Power Lunch to discuss the Fed’s most recent rate hike and its impact on the markets. Listen in to learn more.

Continue reading → Leave a comment

Tariffs and Trade Wars: Part 2

June 14, 2018

In part 1 of this series, we discussed how, overall, tariffs can create localized benefits (e.g., helping a particular industry), but they do so by imposing higher costs on the rest of the economy. We also discussed the wider implications—primarily that when a country imposes tariffs, there is a real possibility that other countries will retaliate. This leads to a vicious circle that leaves everyone worse off. Economically, tariffs don’t make a lot of sense.

Continue reading → Leave a comment

Tariffs and Trade Wars: Part 1

June 13, 2018

Trade and tariffs just made the front pages in a big way with the confrontation between the U.S. and other countries at the recent G7 summit. Terms like trade war are being thrown around, and Canada (Canada!) is openly threatening retaliation. So, now seems a good time to take a look at what is really happening—and what it might mean for us and our investments.

Continue reading → Leave a comment
5 Ways to Affiliate
Commonwealth Independent Advisor

Hot Topics

Have a Question?

New Call-to-action

In The News

Don't Ignore the Dow's Discards
The Wall Street Journal, 06/21/18

RIP General Electric
Advisor Perspectives, 6/20/18

How Rising Interest Rates Impact the Market [Video]
CNBC, 06/14/18

Kudlow will return to the White House
Politico, 06/14/18

Fed Hikes Rates, Indicates 2 More to Come This Year
ThinkAdvisor, 06/13/18

More

Conversations

Subscribe via E-mail

Subscribe

Disclosure

The information on this website is intended for informational/educational purposes only and should not be construed as investment advice, a solicitation, or a recommendation to buy or sell any security or investment product. Please contact your financial professional for more information specific to your situation.

Certain sections of this commentary contain forward-looking statements that are based on our reasonable expectations, estimates, projections, and assumptions. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Past performance is not indicative of future results. Diversification does not assure a profit or protect against loss in declining markets.

The S&P 500 Index is a broad-based measurement of changes in stock market conditions based on the average performance of 500 widely held common stocks. All indices are unmanaged and investors cannot invest directly into an index.

The MSCI EAFE Index (Europe, Australasia, Far East) is a free float‐adjusted market capitalization index that is designed to measure the equity market performance of developed markets, excluding the U.S. and Canada. The MSCI EAFE Index consists of 21 developed market country indices.  

Third party links are provided to you as a courtesy. We make no representation as to the completeness or accuracy of information provided at these websites. Information on such sites, including third party links contained within, should not be construed as an endorsement or adoption by Commonwealth of any kind. You should consult with a financial advisor regarding your specific situation.

Member FINRASIPC

Please review our Terms of Use

Commonwealth Financial Network®