A Safer Retirement and Environment – What We’re Implementing to Help Keep You Safe: READ MORE

Here at Senior Tax & Insurance Advisors, PLLC, we are adhering to state and local guidelines in order to protect both the health and safety of clients and staff. Keeping our clients and staff safe is our highest priority and we’re taking all appropriate measures to ensure a safe environment. Should you prefer to not meet face-to-face, we are continuing to serve our clients through virtual settings such as Zoom or phone calls.

We look forward to continuing to help individuals and families achieve their ideal retirements.

Senior Tax & Insurance Advisors, PLLC
(512) 833-6557

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Weekly Market Commentary

Market Recap for the week ending 1/11/19

-Darren Leavitt, CFA

Constructive rhetoric from US/ China trade negotiations along with more dovish iterations from Fed officials helped markets continue their rally last week. The S&P 500 gained 2.5% for the week while the Dow, NASDAQ, and Russell finished the week with gains of 2.4%, 3.5%, and 4.8%, respectively.  The S&P 500 is up over 10% from its Christmas Eve low and in my opinion appears to be a bit over-bought here.  Treasury yields inched higher last week.  The 2-year yield added 7 basis points and closed at 2.55%.  The 10-year added 4 basis points and closed at 2.70%.  Oil traded above $50 a barrel, up for eight sessions in a row before giving some back on Friday.  Gold finished the week slightly higher at $1289 an oz.  Earnings kick off in earnest next week with a number of large banks set to announce their 4th quarter results.  There were no changes to our models last week.

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