Volatility has obviously picked up in 2018, and the bouncing around has left the S&P 500 essentially flat year to date, according to Senior Research Associate Andrew Adams. Although the broad market S&P 500 has rallied off its earlier lows, we’re likely to see even more back-and-forth action in the near term as interest rates rise, though earnings could provide a boost. First quarter earnings are coming in strong, with the majority of S&P 500 companies reporting better-than-expected top-line and bottom-line growth, according to Joey Madere, senior portfolio analyst for Raymond James.
Economic data releases for the first quarter were generally softer than anticipated, but moderation in growth is not unusual following a strong quarter.
Congratulations to Lauren Black, CERTIFIED FINANCIAL PLANNER™ for being ranked among Mississippi Business Journal’s Top 50 Under 40 Business Leaders.* This list recognizes the state’s top 50 up-and-coming business leaders under the age of 40, and is produced by the statewide weekly business newspaper (located in Jackson, MS). The Mississippi Business Journal (MBJ) covers the state’s business world, with opinion pieces and editorials on a variety of topics, from economic development to banking and law.
After improving from its early-April lows on dampened U.S.-China trade tensions, the S&P 500 has pulled back to its 200-day moving average. We continue to believe that the S&P 500 is likely range-bound (levels near 2600-2800) for the short term as headwinds from trade negotiations and interest rates play out, while tailwinds from solid earnings and economic growth provide support on the downside.
Understanding family attitudes towards money may improve financial decisions and reduce financial stress.
People inherit more from their parents and grandparents than big feet, eye color, self-discipline, a passion for sports, or an artistic bent. Most also assume their families’ ideas and attitudes toward money. Money beliefs are often passed down from generation to generation, along with great grandma’s quilts, ancestral photos, and family culture.1
Researchers call these inherited money mindsets ‘money scripts.’ These are categories of belief associated with problematic financial decisions that create chronic stress.1, 2 The authors of Wired for Wealth explained:3