PHONE: 414-223-1099 TOLL-FREE: 1-800-236-1096

Money Talk Podcast, Friday Sept. 23, 2016



Landaas & Company newsletter  September edition now available.

Advisors on This Week’s Show

Marc Amateis

Art Rothschild

Chris Evers

(with Jason Scuglik and Joel Dresang)

Previous Money Talk posts mentioned at the Investment Outlook Seminars Sept. 13 and 21:

 Week in Review (September 19-23, 2016)

Significant economic indicators & reports


No major announcements


The long, choppy comeback in housing took a step back in August as the annual rate of housing starts dipped 5.8% from July, lower than analysts expected and the second consecutive decline. The start rate of single-family units fell to its lowest level since October. However, housing at all phases of construction rose to the highest rate since before the 2008 financial collapse. Also, building permits for single-family houses – which have greater economic ripple effects – rose and remain around pre-recession levels.



The policy-making board of the Federal Reserve announced after a two-day meeting that it would keep short-term rates near record lows for now, mostly because of lack of inflation. The Federal Open Market Committee reported increased signs of a moderate pace in economic growth, picking up from a slower first half of the year. The committee said it would continue to monitor economic data and overseas developments to determine when to raise rates, which last happened in December.


The annual sales rate of existing houses also fell in August, for the second month in a row. The National Association of Realtors reported an annual rate of more than 5.3 million houses sold, down nearly 1% from July and up nearly as much from August 2015. The trade group blamed an inadequate supply of houses and higher prices for shutting out some would-be buyers amid low mortgage interest rates. The inventory of houses for sale has declined from the year before for 15 consecutive months.

Employers continued to be reluctant to let workers go, as indicated in the moving four-week average for initial unemployment claims, which dropped for the fifth consecutive week. According to data from the Labor Department, average claims remained 28% below the 48-year average level, which it has been below each week since the beginning of 2013. Low joblessness should help boost the confidence and wages needed to sustain U.S. economic expansion.

The Conference Board said its index of leading economic indicators declined 0.2% in September, despite analyst expectations of a slight gain. An economist for the business research group said that based on the index, the U.S. economy should continue its moderate growth. Manufacturing – both in the number of hours worked and new orders received – held back the index.


No major announcements

Where the Markets Closed for the Week

  • Nasdaq – 5,306, up 61 points or 1.2%
  • Standard & Poor’s 500 – 2,165, up 26 points or 1.2%
  • 10-year U.S. Treasury Note – 1.62%, down 0.07 point
  • Dow Jones Industrial – 18,261, up 137 points or 0.8%

Send us a question for our next podcast.

Follow us on Twitter.

More information and insight from Money Talk

Money Talk Videos

Landaas newsletter subscribers return to the newsletter via e-mail.

Text Size:  A  A  reset

No client or potential client should assume that any information presented or made available on or through this website should be construed as personalized financial planning or investment advice. Personalized financial planning and investment advice can be rendered only after engagement of the firm for services, execution of the required documentation, and receipt of required disclosures.
Landaas & Company performs investment advisory services only in those states where it is licensed, or excluded or exempted from state investment advisor licensing requirements. All responses to inquiries made by prospective customers to this internet site will not be made absent compliance with state investment advisor and investment advisor rep licensing requirements, or applicable exemptions or exclusions from licensing.
Please contact the firm for more information.

Powered By: mindspike design
© 2024 Landaas & Company