Locations | Check us out on BrokerCheck
  • 1001 Scurry Street
    Big Spring, TX 79720
    (432) 264-0008
  • 310 Main Street
    Canadian, TX 79014
    (806) 323-5338
  • 601 Main Street
    Lubbock, TX 79401
    (806) 744-2689
  • 3401 Loop 306 Suite A
    San Angelo, TX 76904
    (325) 944-2536

Articles & News: Economic Outlook

Monthly Economic Update June 2018

MONTHLY QUOTE
“Never put off ‘til tomorrow what you can do today.”
- Lord Chesterfield

THE MONTH IN BRIEF
In May, investors were left to interpret mixed geopolitical and financial signals. The historic U.S.-North Korea summit was on, then off, then possibly on again. An apparent truce emerged in the U.S.-China tariffs battle, but it did not last. Oil rallied, but then prices fell. Federal Reserve policy meeting minutes indicated central bank officials would accept above-target inflation for a while. Other economic signals were clear: new and existing home sales were. . .

Monthly Economic Update May 2018

MONTHLY QUOTE
“If you don’t like something, change it. If you can’t change it, change your attitude."
- Maya Angelou

THE MONTH IN BRIEF
April saw the S&P 500 advance 0.27% as a new earnings season unfolded – one in which investors grew uneasy about rising Treasury yields, protectionism, and privacy concerns involving tech giants. While the financial media largely focused on those anxieties, good news also appeared. The latest consumer spending and consumer confidence data was solid. Home buying picked up as listings increased slightly. Oil rallied, and so did the dollar. Overseas equity benchmarks saw big gains, even as some economists wondered if the boom in global growth was fading. One of the major financial news stories of April broke only hours before the start . . .

Monthly Economic Update April 2018

MONTHLY QUOTE
“Gratitude is not only the greatest of virtues, but the parent of all others.”
- Cicero

THE MONTH IN BRIEF
In March, stocks faced another significant challenge. The Trump administration’s sudden plan to institute tariffs on imports sent a shudder through the bulls. All three major Wall Street benchmarks fell more than 2.5% during the month as investors around the world considered the prospect of trade wars involving American, Chinese, and European products. The Federal Reserve raised the target range for the federal funds rate by another quarter point; mortgage rates were little changed for the month, and existing home sales improved. In Europe, leaders. . .

Monthly Economic Update March 2018

MONTHLY QUOTE
“We cannot fail to win unless we fail to try.”
- Tom Clancy

THE MONTH IN BRIEF
Investors certainly received a wake-up call in February. A correction hit Wall Street for the first time in nearly two years, and benchmarks overseas were also challenged. Two weeks later, though, the S&P 500 had gained back more than half of what it had lost in the dive. Prices of important commodities sank early in the month, but recoveries followed. While the latest readings on fundamental indicators were largely upbeat, reports on retail sales and ...

Monthly Economic Update February 2018

MONTHLY QUOTE
“Never apologize for showing feeling. When you do so, you apologize for truth.”
- Benjamin Disraeli

THE MONTH IN BRIEF
Bulls took charge of Wall Street as 2018 began: the Dow Jones Industrial Average rose 5.79% in the first month of the year, even with a mild selloff on the verge of February. Foreign equity benchmarks largely advanced as well. Oil and gasoline futures surged, while bitcoin continued to rollercoaster. Personal spending, manufacturing, and consumer confidence data encouraged investors. Home sales weakened as home prices surpassed a pre-recession peak and mortgage rates increased. Analysts kept warning that Wall Street was overdue for a pullback; while indices did slip late in the month, optimism was little shaken.

Monthly Economic Update January 2018

MONTHLY QUOTE
“The optimist sees the rose and not its thorns; the pessimist stares at the thorns, oblivious of the rose.”
- Kahlil Gibran

THE MONTH IN BRIEF
Financially speaking, the last month of 2017 was also the year’s most newsworthy. Congress reformed federal tax law to a degree unseen since the 1980s, the Federal Reserve raised the benchmark interest rate, and bitcoin took its investors for a wild ride. Hiring, retail sales, and personal spending numbers were all impressive, as were consumer confidence index readings. The residential real estate market showed more momentum...

Monthly Economic Update December 2017

MONTHLY QUOTE
“Education’s purpose is to replace an empty mind with an open one.”
- Malcolm Forbes

THE MONTH IN BRIEF
In November, the S&P 500 gained 2.81% and advanced for a thirteenth straight month – an unprecedented milestone in the index’s long history. Consumer confidence and investor confidence were both abundant, as further evidence arrived that the economy was growing at an impressive rate. Solid fundamental indicators, upbeat earnings announcements, and hopes for 2018 tax cuts motivated...

Monthly Economic Update November 2017

MONTHLY QUOTE
“Nothing gives one person so much advantage over another as to remain always cool and unruffled under all circumstances.”
- Thomas Jefferson

THE MONTH IN BRIEF
October saw the S&P 500 rise 2.22% in response to results from the fall earnings season, encouraging fundamental indicators, and anticipation of tax reforms. An impressive jump in personal spending complemented excellent readings on consumer confidence and purchasing manager indices; although, hiring suffered a setback. As the European Union contended with disunity in Spain, the European Central Bank revealed its exit strategy for its bond-buying . . .

Monthly Economic Update October 2017

MONTHLY QUOTE
“All things are difficult before they are easy.”
- Thomas Fuller

THE MONTH IN BRIEF
In August, investors witnessed a terrible natural disaster and heard threats of war on America, and the S&P 500 still managed to gain 0.05%. September brought two terrible natural disasters and more threats of war on America, and the broad benchmark rose 1.93% and topped 2,500 for the first time. In other words, the bulls remained firmly in charge. European stocks rallied impressively. . .

Monthly Economic Update September 2017

MONTHLY QUOTE
“I will love the light for it shows me the way, yet I will endure the darkness for it shows me the stars.”
- Og Mandino

THE MONTH IN BRIEF
August brought an overwhelming natural disaster, a threat of war from a foreign dictator, and violence in the streets – so it is little wonder stocks went sideways. The S&P 500 eked out an advance of 0.05% for the month. Economically speaking, there were some positives: improvements in consumer confidence and consumer spending, continued strength in manufacturing, and a comeback for retail sales. The economies of the eurozone and the Asia-Pacific region showed . . .

Monthly Economic Update August 2017

MONTHLY QUOTE
“Dreams come true. Without that possibility, nature would not incite us to have them.”
- John Updike

THE MONTH IN BRIEF
The Dow Jones Industrial Average gained 2.54% in July as earnings announcements and fundamental indicators provided a lift for the blue chips and other stock market indices. Hiring and manufacturing data was particularly reassuring. Annualized inflation declined once more. Oil, gold, and other marquee commodities advanced and so did many Asia-Pacific stock benchmarks. In the real estate market, home buyers coped with slim supply and high median ….

Monthly Economic Update July 2017

“Nobody goes undefeated all the time. If you can pick up after a crushing defeat, and go on to win again, you are going to be a champion someday.”
- Wilma Rudolph

THE MONTH IN BRIEF
June brought some definite headwinds to Wall Street, but the broad stock market still advanced. The S&P 500 added 0.48% across the month, even with tech shares selling off. As anticipated, the Federal Reserve raised the federal funds rate by another quarter point. Last month was a trying one for European stocks as well as oil and many other commodities. The latest round of U.S. economic indicators contained some disappointments; though, manufacturing and home sales surprised to the upside. All in all, increased volatility, terrorist incidents, and political ….

Monthly Economic Update June 2017

“Doubt is not a pleasant condition, but certainty is absurd.”
- Voltaire

THE MONTH IN BRIEF
May was another good month for stocks. The S&P 500 gained more than 1%, putting its YTD advance above 7.7%. While the housing market showed some spring weakness, hiring bounced back and most other important economic indicators did not falter. Wall Street seemed little troubled by politics, terrorist incidents, data disappointments, or earnings misses. Overseas, stock benchmarks largely advanced, some impressively. Gasoline futures ascended; mortgage rates….

Monthly Economic Update May 2017

“The whole life of man is but a point of time; let us enjoy it.”
- Plutarch

THE MONTH IN BRIEF
In April, investors kept one eye on impressive corporate earnings and another on geopolitical developments in Asia and Europe. Earnings ultimately drew the most attention – the Dow Jones Industrial Average rose more than 1% for the month, while the Nasdaq Composite added more than 2%. The latest readings on some key economic indicators were ....

Monthly Economic Update April 2017

“Reality is something you rise above.”
- Liza Minnelli

THE MONTH IN BRIEF
Stocks went sideways rather than north in March, with the S&P 500 losing just 0.04%. The Federal Reserve made another quarter-point interest rate move, and overseas, the United Kingdom initiated Brexit proceedings. While new data showed weak consumer spending, consumer optimism remained high and hiring was once again strong. A subpar month for commodities did bring major gains for two energy futures. In the housing market, existing home sales….

Monthly Economic Update March 2017

“The difference between a successful person and others is not a lack of strength, not a lack of knowledge, but rather a lack of will.”
- Vince Lombardi

THE MONTH IN BRIEF
February was a great month for stocks and a historic month for the Dow Jones Industrial Average. The blue chips closed at record highs for 12 straight trading sessions, a feat unmatched for 30 years. The S&P 500 gained 3.72% for the month. Readings on consumer confidence and purchasing manager indices remained impressive, and…

Monthly Economic Update February 2017

“But in this world nothing can be said to be certain, except death and taxes.”
- Ben Franklin

THE MONTH IN BRIEF
Stocks advanced again in January. The Dow Jones Industrial Average closed above 20,000 for the first time, and the S&P 500 gained 1.79% on the month. As January ended, politics took center stage: investors focused first on the controversy surrounding President Donald Trump’s executive orders, then on earnings and economic indicators. As the forex market sensed that the new administration might…..

Monthly Economic Update January 2017

"It is the dull man who is always sure, and the sure man who is always dull."
-H.L Mencken

THE MONTH IN BRIEF
While the Dow Jones Industrial Average did not top 20,000 in December, it did advance nicely, gaining 3.34%. The Federal Reserve took its interest rate target to 0.50-0.75%, adjusting the federal funds rate for just the second time in two years; around the world, other central banks held rates steady, and one even pledged additional easing. Oil prices jumped. Closely watched consumer confidence and purchasing manager indices rose, and unemployment declined. Home sales ....

Monthly Economic Update December 2016

“Everything is vague to a degree you do not realize till you have tried to make it precise.”
- Bertrand Russell

THE MONTH IN BRIEF
November was certainly newsworthy, presenting investors with three historic moments. First, Donald Trump won the presidency in a stunning upset that confounded political analysts. Next, the stock market rallied spectacularly after receiving that unanticipated news – the Dow Jones Industrial Average repeatedly closed….

Monthly Economic Update November 2016

“Honest differencesare often a healthy sign of progress.”
- Mahatma Gandhi

THE MONTH IN BRIEF
Bulls were reined in during October. The S&P 500 lost 1.94% as Wall Street responded unenthusiastically to the fall earnings season. Even though much of the economic news that emerged in October was good, investors saw an interest rate hike on the horizon and remained concerned about an…..

Monthly Economic Update October 2016

“Good people are good because they’ve come to wisdom through failure.”
- William Saroyan

THE MONTH IN BRIEF
Investors had plenty of news to absorb in September: the latest monetary policy
statement from the Federal Reserve, the Wells Fargo fiasco and the crisis involving
Deutsche Bank, and a major deal forged between OPEC member nations. Add in the
presidential race and a raft of economic data, and you had….

Monthly Economic Update September 2016

“Serving the needs of others is the only legitimate business today.”
- A.P. Giannini

THE MONTH IN BRIEF
How calm was August? Very. At the close on August 31, the S&P 500 had not moved 1% up or down in a trading session since July 8. The latest round of U.S. economic indicators showed a healthy labor market, solid consumer spending, decent consumer confidence, and bearable…

Monthly Economic Update August 2016

“Dreams come true. Without that possibility, nature would not incite us to have them.”
– John Updike

THE MONTH IN BRIEF
The post-Brexit bounce turned into a sustained rally across July. Second-quarter earnings were not as gloomy as anticipated, and core economic indicators often matched or surpassed expectations. Housing news was generally good, and ….

Monthly Economic Update July 2016

MONTHLY QUOTE
“A problem is a chance for you to do your best.”
– Duke Ellington


THE MONTH IN BRIEF
In June, an overseas referendum affected American stocks more than any domestic event. The United Kingdom unexpectedly voted to leave the European Union, and news of the Brexit rocked…

Monthly Economic Update June 2016

MONTHLY QUOTE
“Many are stubborn in pursuit of the path they have chosen, few in pursuit of the goal.”
– Friedrich Nietzsche

THE MONTH IN BRIEF
Investors did not exactly “sell in May and go away” – the S&P 500 gained 1.53% last month. Oil prices settled into a sweet spot of sorts; they were high enough to soothe analysts, but not so high as to portend gas price spikes for consumers. Fundamental…

Monthly Economic Update May 2016

MONTHLY QUOTE
“If you have knowledge, let others light their candles at it.”
– Margaret Fuller

THE MONTH IN BRIEF
The S&P 500 managed to advance 0.27% in April as many companies beat earnings and revenue forecasts. Some important commodities posted remarkable monthly gains. Existing home sales rebounded, and…..

Monthly Economic Update April 2016

MONTHLY QUOTE
“Change is the process by which the future invades our lives.”
– Alvin Toffler

Monthly Economic Update January 2016

“We can draw lessons from the past, but we cannot live in it.”
– Lyndon Johnson

Monthly Economic Update March 2016

“Better by far you should forget and smile than you should remember and be sad.”
– Christina Rossetti

THE MONTH IN BRIEF
After a miserable January, the Dow Jones Industrial Average managed to gain
0.30% in February. While stock markets around the world struggled to advance,
gold and oil ... Download to Read More

Monthly Economic Update February 2016

“There is no stigma attached to recognizing a bad decision in time to install a better one.”
– Laurence J. Peter

THE MONTH IN BRIEF
The opening month of 2016 definitely tested the patience of stock and commodity
investors. The Dow Jones Industrial Average fell, losing 5.50% on the month.
Overseas stock benchmarks also recorded big losses. Key indicators... Download to Read More

Monthly Economic Update December 2015

“The more I want to get something done, the less I call it work.”
– Richard Bach

Monthly Economic Update October 2015

“Humor is the great thing, the saving thing. The minute it crops up, […] all our irritations and resentments flit away and a sunny spirit takes their place.”
– Mark Twain

Monthly Economic Update September 2015

“All human power is a compound of time and patience.”
– Honore de Balzac

Monthly Economic Update August 2015

“Mistakes are part of the dues one pays for a full life.”
– Sophia Loren

Monthly Economic Update January 2014

“If you want something done, ask a busy person to do it. The more things you do, the more you can do.”
– Lucille Ball

Monthly Economic Update December 2013

“Business opportunities are like buses, there’s always another one coming.”
– Richard Branson