Bouchey Blog
The earnings season for the Second Quarter has begun with nearly 100 of the 500 companies in the S&P 500 Index reporting and so far, over 80% of them have beat their estimates. The largest percentage of companies who have reported Q2 earnings is in the Financial sector, as approximately half of the companies within…
The labor market rebounded in June, as the report detailed strong gains in jobs created with the second quarter coming to a close. The total change in nonfarm payrolls increased by 222,000 jobs, well above the 178,000 figure economists expected for the month. Data was revised higher for April and May, as 47,000 were added…
Written by: Marty Shields On June 9th, the Department of Labor (DOL) implemented the first phase of its new fiduciary rule. The full regulations will go into effect on January 1, 2018. The main purpose of the rule is to have all financial advisors act as a fiduciary on retirement accounts or get written approval…
It has been a busy week for U.S. economic data, starting with last Friday’s release of the first revision to Q1 GDP to today’s jobs report for the month of May. Although there are some signs that the pace of growth is slowing, we have not seen anything in recent data to suggest signs of…
Written by: Ryan Bouchey Our firm works with many business owners, helping to manage both their personal wealth as well as consulting and advising them on how to best save for retirement through their company retirement plans. Whether you are starting a business or setting up a new retirement plan for your business, it’s important…
Written by: Ryan Bouchey As I write this, both the Dow and S&P 500 are down about 1.75% for the day as we experience one of the only volatile days in the market all year driven by the news out of Washington revolving around President Trump and James Comey. Believe it or not, following Trump’s…
The labor market rebounded in April after a blizzard in early March resulted in a weak report in the prior month. The economy produced 211,000 new jobs in April, which was above the 190,000 estimate economists had expected for the month. Hiring was broad based across all major categories for the month. Consequently, the unemployment…