WEEKLY UPDATE – MAY 13, 2019
|The Week on Wall Street|
As we noted recently, Wall Street has a wandering eye. Last week, it focused on the new tariff threats in the ongoing U.S.-China trade dispute. Stocks fell across five trading sessions: the Dow Jones Industrial Average lost 2.12%, the S&P 500, 2.18%; the Nasdaq Composite, 3.03%. International stocks also fell: the MSCI EAFE index declined 3.06%.
|Earnings and big-name initial public offerings mattered little last week. Traders were more concerned about how consumers and corporations might be affected by higher import taxes in future quarters.|
At 12:01 a.m. Friday, duties on $200 billion worth of Chinese products coming to the U.S. rose from 10% to 25%. Just days earlier, President Trump had tweeted that the U.S. might also tax another $325 billion of Chinese imports, mainly consumer goods.
While the proposed new taxes might take months to implement, institutional investors reacted negatively to this information, perceiving that trade talks were stalled.
A few weeks ago, market watchers noted the huge number of initial public offerings anticipated for 2019. One well-known tech firm completed its IPO on Friday, and the wave of tech IPOs is still building. According to research firm CB Insights, the average stock market valuation of the venture-capital-backed tech companies going public this year is $9.6 billion.
THE WEEK AHEAD: KEY ECONOMIC DATA
Wednesday: April retail sales figures from the Census Bureau.
Friday: The University of Michigan’s preliminary May consumer sentiment index, a measure of consumer confidence.
Source: Econoday / MarketWatch Calendar, May 10, 2019
The Econoday and MarketWatch economic calendars list upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to be providing accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts also are subject to revision.
THE WEEK AHEAD: COMPANIES REPORTING EARNINGS
Monday: Take-Two Interactive (TTWO)
Tuesday: Agilent (A), Ralph Lauren (RL)
Wednesday: Alibaba (BABA), Cisco (CSCO), Macy’s (M)
Thursday: Applied Materials (AMAT), Nvidia (NVDA), Walmart (WMT)
Friday: Deere & Co. (DE)
Source: Morningstar.com, May 10, 2019
Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Any investment should be consistent with your objectives, time frame and risk tolerance. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule when they report earnings without notice.
Garlicky Dill Pickles
Yields 10 to 12 pickles
- 2 lbs. small pickling cucumbers
- 1½ cups apple cider vinegar
- 1½ cups filtered water
- 2 Tbsp. pickling salt
- 8 garlic cloves, peeled (add more if you’d like)
- 4 tsp. dill seed
- 2 tsp. black peppercorns
- 1 tsp. red chili flakes
- Be sure that your jars are washed thoroughly. To make shelf-stable pickles, prepare a boiling water bath canner. Put fresh canning jar lids into a small saucepan with 3 inches of water and set to the lowest simmer.
- Prepare the cucumbers by washing and drying them, then remove the blossom end. Depending on the shape of pickle you want, cut the cucumbers into slices for chips, quarters for spears, or leave whole.
- Bring the vinegar, water, and salt to a boil in a saucepan.
- Distribute equal portions of the garlic cloves, dill seed, black peppercorns, and red chili flakes among the readied jars. Arrange the cucumbers into the jars as tightly as possible but try not to crush them.
- Pour the brine into the jars, leaving ¼ inch between the top of the liquid and the rim of the jar. Gently tap the jars to remove any air bubbles. You can also use a long kitchen utensil, like a chopstick, to let any bubbles escape. Wipe the rims of the jars, then put the lids and bands on the jars without screwing on too tightly.
- If you’re processing jars for shelf stability, put them into the processing pot. Once the water returns to a boil, set a timer for 10 minutes, then remove the jars after the time is up. Check the seals once the jars are cool enough to handle.
- If you’re not processing your jars, then allow them to cool before putting them into the refrigerator. Your jars may seal during the cooling process.
- The pickles need to rest in the fridge for one week before serving.
Recipe adapted from Serious Eats 
|Gratitude is the Attitude|
It’s hard to be anything else when you are in an attitude of gratitude. A grateful mindset is an instant way to get positive and feel better. But just how do you do that? Here are some great tips to start now:
Make a commitment to gratitude. This is a daily practice; one you can do at the end of each day. Compile a gratitude list of all the positive things to be grateful for.
Pay attention to your thoughts. Have a mindset of gratitude. Notice if your mind wants to be negative or judgmental. That’s okay. Gently guide it back to grateful.
Help others. There are always others who are less fortunate. Giving, whether it is your time, service, or a financial donation, feels good and shares your abundance. Living in abundance is a flow, an ability to give and receive.
Tip adapted from Lifehack 
|Ways to Save Energy at Home|
There are a lot of ways to save energy at home, including a few you might not have thought of. Here are a few energy saving tips that are different and doable:
Energy-efficient landscaping: Plan where you place shade trees around the house, and you could save between $100 and $250, annually.
Duct check: To avoid wasting energy, have your ducts inspected to ensure they’re sealed properly and insulated if necessary.
In hot water: Turn down the temperature of your water heater to the warm setting (120°F) and save energy.
Cook small: Use your microwave, toaster oven, or grill appliance rather than the oven. You’ll use less energy and avoid excess heat that increases room temperature.
Use a power strip: Leaving a computer on all day can cost about 21 cents per day or about $75 per year. Plug your computer, printer, and other home office items into a multiple-outlet strip, which can turn everything off with the flip of a switch.
Tip adapted from Energy.gov
Zack Alkhamis, CRPC, CFS Matthew Jarrell, CFS, AIF Timothy A. McAfee, CPA, CFP, PPC, MST The Retirement Wealth Management Group
7900 Kirkland Court
Portage, MI 49024
Copyright © 2019. All Rights Reserved.
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