July 2016 Newsletter to Clients

Enjoy this month’s edition that features an update on the economy and stock markets in addition to highlights on TD Ameritrade’s electronic check deposit service and client seminar invitation…

Economy Overview: American consumers are better off today from one year ago…

• Personal Income is up 4%.
• Disposable Income (after-tax) is up 4.1%.
• Personal Consumption Expenditures are up 3.7%
• Personal Consumption Prices are up 0.9% (1.6% if you exclude food and energy)
• Real Personal Consumption Expenditures (inflation adjusted) are up 2.7%.

Higher purchasing power by American workers is a good thing especially since they are not binging on credit to fuel their purchases. 

Stock Market:  The knee-jerk reaction to Great Britain’s vote to exit the European Union with the stock market quickly down hundreds of points was the fault of the Press’ fear mongering. The stock market regained all it lost, suggesting it was the jerks who sold out of fear of what no one really understood. The long view is the best view. We would be willing to bet Warren Buffett was adding to his favorite stock holdings during the ‘sale’ last week.

Veo® Electronic Check Deposits: We are excited to announce the launch of TD Ameritrade’s Veo® Electronic Check Deposits. This convenient new service enables us to securely submit check deposits for your accounts directly to TD Ameritrade. By taking advantage of Veo Electronic Check Deposits, you will minimize the number of checks you need to mail to TD Ameritrade Institutional for processing, which allows for:

• A more seamless deposit experience for our clients
• Reduced overnight and other mailing expenses
• Same day "In Good Order" check deposit capability
• TD Ameritrade Clearing, Inc. will accept possession of checks and funds once the check is successfully scanned and submitted to TD Ameritrade Institutional
• Expedited access to leverage funds for trading

Client Seminar and Lunch:

• Date: August 17th at noon.
• Where: Coles on Main Restaurant, 735 East Main Street (Ashland Ave. & Main St.) Lexington, KY 40502
• What’s happening: Lunch and a talk/Q&A with Lord Abbett Fund Management on the economy and today’s stock and bond markets outlook.
• Reserve: Limited to 30 people, so go ahead and request a spot now. RSVP to Robert Hammond at (859)230-8387 (cell) or Robert@moneywatchadvisors.com (email) or by calling the Lexington office, (859)268-1117.

Thank you for your continuing confidence.

Past performance is no guarantee of future results. The opinions expressed are those of Moneywatch Advisors, Inc. and are no guarantee of the future performance of any particular fund. This information is for educational purposes only and is not intended as investment advice. Please consult your financial advisor for more detailed information or for advice regarding your individual situation.​