Archives For Todd Burkhalter

A NOTE ABOUT HURRICANE SANDY: Sunday night, as Hurricane Sandy took aim at the heart of America’s financial district, both the New York Stock Exchange and Nasdaq stock market said they would not open for trading Monday due to the storm. Depending on how much damage is inflicted on the Eastern seaboard, there is a possibility that trading might also be halted on Tuesday.[i] With Hurricane Sandy approaching, and likely bringing high winds and flooding, its potential economic impact is a point of concern. The historic storm is thought to be the largest to hit the U.S. and could cause major damage to cities in the northeast and mid-Atlantic. Please be assured that we will keep you informed about any developments with the potential to affect your investments.[ii]

 

Markets Lower but Economy Growing
Weekly Update October 29, 2012

 

Markets got off to a slow start last week as disappointing earnings and a downgrade of Spanish debt combined to fuel bearish sentiment. Major indices closed near their seven-week low with the S&P trimming 1.48%, the Dow sliding 1.77%, and the Nasdaq losing 0.59%.[iii]

Last week’s earnings reports mostly continued the downbeat trend we’ve seen this year of top-line revenue misses and a weak earnings outlook. With earnings reports in from nearly half of S&P 500 companies, just 36.9% have reported revenue that beat forecasts, far below the 62% historical average, according to Thomson Reuters data. Earnings are faring slightly better, with 62.5% above expectations.[iv]

Moody’s downgraded the debt of five Spanish regions last week, citing limited cash reserves and upcoming interest payments. This move will make it more likely that these regions will reach out to the national government for a lifeline, worsening Spain’s already-precarious debt situation.[v] This move is an unfortunate reminder that the European debt situation is far from resolved.

On the bright side, Friday’s GDP reading showed that the U.S. economy grew at an accelerated rate in the third quarter. The Commerce Department’s initial GDP estimate clocked in at 2% growth, beating economists’ estimate of 1.9% and showing a substantial improvement over the second quarter’s 1.4% increase. The uptick in growth was a result of a last-minute surge in consumer spending and an increase in government spending. Despite the tough economy, consumers went on a shopping spree, buying up automobiles and iPhone 5s, driving up consumer spending by 2% in Q3.[vi]

ECONOMIC CALENDAR:

Monday: Personal Income and Outlays, Dallas Fed Mfg. Survey

Tuesday: S&P Case-Shiller HPI, Consumer Confidence

Wednesday: ADP Employment Report, Employment Cost Index

Thursday: Motor Vehicle Sales, Jobless Claims, Productivity and Costs, ISM Mfg. Index, Construction Spending

Friday: Employment Situation, Factory Orders

In the last presidential election, nearly 10 million more women voted than men did, according to the Census Bureau: about 70.4 million vs. 60.7 million. So what are the issues that are concerning women as we approach the 2012 presidential election?  Laura Vanderkam is providing us with her insight in this guest post.

 

Laura Vanderkam is a nationally recognized writer who questions the status quo and helps her readers rediscover their true passions and beliefs in pursuit of more meaningful lives. The article below was originally posted on DailyWorth, where she is a contributor. Follow this link to learn more about Laura Vanderkam.

 

With such a tight election, both presidential candidates are campaigning hard for women’s votes. But what are women’s issues?

Women are certainly interested in abortion and contraceptiion, however they are also mindful of topics such as Jobs, Taxes, The budget deficit, Social Security and Medicare.

Read the entire article here at What Women Care About In 2012

 

Thanks Laura for allowing me to share your work. See more of Laura’s work at  LauraVanderkam.com or connect on LinkedIn

 

 

2013 Tax Planning

October 22, 2012 — Leave a comment

As the end of the year approaches, I know you are busy with holidays, family, and travel, but it is also a good time to do some last minute tax planning. As a courtesy, I want to provide you with a few eleventh-hour tax tips you may find useful. Although tax planning is rarely fun, these strategies could help you keep more of your hard earned money.

 

 

Follow This Link To Learn More About Tax Planning for 2013

What might you do if you were to keep more of your money? E-Mail me at todd@toddburkhalter.com or tweet to me @toddburkhalter