Trump Victory On Health Care

Trump Victory On Health Care And Strong Economic Data Push Stocks To New All-Time High

President Donald Trump enjoyed a major legislative victory on May 4th, when the House of Representatives passed a bill to repeal and replace Obamacare. If the Senate and the House can reconcile their differences over the legislation, the savings on health care spending will pave the way for a major tax cut, stimulating the economy.

The drama in Washington, D.C. has dominated the headlines, stealing the spotlight from recently released data signaling that the economy is surprisingly strong.

The U.S. economy created 211,000 new jobs in April and the official unemployment rate dipped to a 10-year low of 4.4%.

Unemployment has not dipped below 4.4% since 2001.

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Fulbright Financial Consulting, PA Of Durham, NC On On The Hunt For Answers About The Future

On The Hunt For Answers About The Future Of The Economy And Stocks

While this is the time of the year to hunt for Easter eggs, economists are busy searching for where economic growth landed in the first quarter.

Their answers are all over the place!

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Fulbright Financial Consulting, PA On Yet Another Strong Quarter, But Stay Focused

Yet Another Strong Quarter, But Stay Focused Beyond The Horizon

In the first quarter of 2017, stocks posted a total return of 6.1%.

That followed a return of 3.8% in the fourth quarter of 2016, 3.9% in the third-quarter and 2.5% in the quarter before that.

For the 12 months ended March 31, the total return on blue-chip companies in the Standard & Poor’s 500 index – if you include the reinvestment of dividends – was 17.2%! What a great run.

For months, politics has captivated the nation but, at the same time, better than expected economic data streaming in month after month propelled stock prices higher.

The nation’s largest publicly-held companies recovered from a 2016 profit collapse in energy and mining and, after the November 8 presidential elections, expectations of a major tax cut under President Trump catapulted share prices to new all-time highs.

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Fulbright Financial Consulting, PA Of Durham, NC On Why Weaker GDP Is Being Greeted With A Yawn

Why Weaker GDP Is Being Greeted With A Yawn

The nation’s economy grew just 0.7% last quarter, less than what was expected and the slowest rate in three years, but it was greeted with a collective yawn by investors. Why?

The main reason is that a slow growth rate for the quarter was expected.

Earlier this month, economists at the Atlanta Federal Reserve had projected a growth rate of just four-tenths of 1%.

In addition, a big pick up is expected for the next three quarters of 2017.

The 61 economists surveyed in early April by The Wall Street Journal expected quarterly growth to average 2.6% for the three remaining quarters of 2017.

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2016-12-11 Finding Happiness With Jonathan Clements & Ed Fulbright On Mastering Your Money Radio

Jonathan Clements

Jonathan Clements- Finding Happiness: 

Psychologists, in fact, tell us that we really don’t know what makes us happy.  We fantasize about retiring to a tropical island, but those who actually do so, soon find themselves hot, bored and missing their friends and family.  We lust after a Beemer and a 6,000 square foot home, only to find that they quickly lose their luster. The maintenance required for these items of  luxury command way too much time and money.  Worst of all, the cost of all this necessitates wasting our lives at jobs we despise and so prevents us from doing the things we love.  Always remember that life is too short to not live it being happy with your money and your life being terrible things to waste.

Joining us for our discussion on Finding Happiness is Jonathan Clements  who is on the phone from Greater NY City office. Jonathan spent almost 20 years at The Wall Street Journal, where he was the newspaper's personal-finance columnist. Between October 1994 and April 2008, he wrote 1,009 columns for the Journal and for The Wall Street Journal Sunday. He then worked for six years at Citigroup, where he was Director of Financial Education for Citi Personal Wealth Management, before returning to the Journal for an additional 15-month stint as a columnist.  His latest book is How To Think About Money.