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Market Update

“You work hard for your money. We’ll work hard to protect it.”

Market Direction Is Important –

Updated Chart of the S&P 500 and Secondary Signals

Of our Four secondary indicators under our MTI:

  1. Relative Strength Index (RSI)-Positive

  2. Chaikin Money Flow (CMF)-Positive

  3. MACD- Positive

  4. Money Flow Index-MFI-Positive

More on the Market and the Economy:

Stocks logged modest declines on Friday, weighed down by weakness in the energy sector. The S&P 500 posted a 1.2% gain for the week, and finished the month of July up 2%. Treasury yields plummeted on Friday, ending July with the largest monthly decline since January.


This week data will be released on manufacturing, consumer spending, construction spending, the service sector, the trade deficit and the jobs report.

The economy didn’t grow as fast as originally projected from 2012 to 2014, according to the government’s new approach to calculating GDP. Last Thursday, the Bureau of Economic Analysis released its new formula, which corrects flaws in how military and healthcare spending are treated. Under the new method, the economy expanded an average 2% from 2012 to 2014, down from a previous 2.3%.

The Social Security trust funds will be depleted by 2034, according to a new report from the Social Security Board of Trustees. At that time, there will be sufficient income to pay 79% of benefits.

The homeownership rate in the US fell to 63.4% in the second quarter, marking the lowest level since 1967. Homeownership peaked at 69.2% at the end of 2004 in the midst of the boom in the housing market.

Source: Census Bureau

The world population, currently 7.3 billion, will reach 11.3 billion by 2100, according to the U.N.’s 2015 revision of its population forecast. Much of the growth will occur in countries designated as least developed, where the population is expected to grow from 954 million this year to 3.2 billion by 2100.

Almost $1 out of every $5 spent will be on health care by 2024, according to the Centers for Medicare and Medicaid Services. From 2014 to 2024, annual healthcare spending is expected to grow 5.8%, reaching $5.43 trillion by 2024.

Medicare turned 50 last week: on July 30, 1965 President Lyndon B. Johnson signed amendments into law to establish Medicare. At the ceremony he stated that “No longer will older Americans be denied the healing miracle of modern medicine. No longer will illness crush and destroy the savings that they have so carefully put away over a lifetime so that they might enjoy dignity in their later years. No longer will young families see their own incomes, and their own hopes, eaten away simply because they are carrying out their deep moral obligations to their parents, and to their uncles, and their aunts.” Within the first six months, over 2.5 million Americans were enrolled. Fifty years later, that number has increased to over 55 million.


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