Invested in…Our Graduates!

 

Hello Eagle Wealth Family,

One of the benefits of being in the Eagle Wealth community is that your child or grandchild falls under our umbrella.  It’s been a disappointing season for our 2020 high school and college graduates – and we want to help.  Your child or grandchild is able to speak with us and get answers to their burning money questions.  Whether they're preparing for a bachelor’s degree, graduate school, or braving the workforce, there's a lot of questions about what to do next.   

The details

• Give us a heads-up that you have a person in need of our help, then pass on our contact info.
• He/she can call and schedule a 45-minute phone or video call with an Eagle Wealth team member to cover the following:
  • A brief overview of student loan definitions, how to build an emergency fund, understanding credit cards, and why to set financial goals.
  • Q&A
  • Access to simple budgeting templates and student loan worksheets.
  • Follow up email with suggested action items as well as links to blogs, podcasts, and books to check out.

We know it's not the graduation they planned for but we're here to help make the best of it and plan for the future.   So, give your loved one a leg up and encourage them to set a meeting with us now. 

 

Kind Regards,

Your Eagle Wealth Team

*Limited to Eagle Wealth community children or grandchildren

 

When we started this program, we thought we'd help a few individuals have a better day.  We never imagined that our reach would spread to entire families. 

The latest recipient didn't hesitate to put family first when the pandemic hit.  Her daughter was living and working in Africa with her husband and four children, and she needed to come home – and she needed to do it fast.  The recipient moved out of her own small home into a trailer so that her daughter’s family could have a safe place to stay and stretch out.  We sent her a $100 gift certificate to locally own Roth's Market in Silverton.

"Yesterday I had the privilege of handing over the gift certificate you sent me to one of the nicest, hardworking ladies I know.  She was gobsmacked at your generosity!  She doesn't make a whole lot of money so this was a blessing to the whole family."

Maybe your dental office employees, neighborhood UPS driver, or even a stranger could use a little cheering up.   Are you ready to help us give?  It's easy!  Sign up now for the next drawing on Wednesday August 22nd. 

 

 

We may not think all this time at home is enjoyable, but our dogs sure do.  These pooches have been getting a lot of extra attention lately.  We figure if you’re going to see and hear them during our video conferences, you should be properly introduced.

Please meet the pups of Eagle Wealth!

• Ollie the office dog - Staskal Family
• Luna the lunatic - Emily
• Pele & Aiden the dynamic duo - Miranda 
• Rye the newest addition - Ian

Pets bring much joy to the world and we’d love to hear about yours!  Next time we’re on the phone make sure to tell us all about your furry friends. 

On the fence about a companion?  Check out the health benefits of pets.

 

 

The Week on Wall Street

Stocks were mixed last week amid a busy week of earnings, some troubling economic data, and seemingly little progress on a new fiscal stimulus package. 

The Dow Jones Industrial Average slipped 0.16%, while the Standard & Poor’s 500 increased by 1.73%. The Nasdaq Composite Index surged 3.69% for the week. The MSCI EAFE Index, which tracks developed stock markets overseas, dipped 0.75%.[i]^,[ii],[iii]

 

Stocks Buffeted by Crosswinds

Stocks rode a roller coaster last week, reacting to a conflicting stream of corporate events and economic data.

Investors were optimistic on Monday about the ability of mega-cap technology companies to thrive in an uncertain economy, but worried on Tuesday about pending Congressional testimony involving the CEOs of these firms.

On the economic front, a strong June durable goods orders report on Monday bolstered investor sentiment. But the optimism faded on a disappointing jobless claims number and a troubling second-quarter GDP number that—while anticipated—was a bit unsettling.[iv]^,[v],[vi]

Following some exceptional earnings results from the mega-cap technology companies, stocks managed to rally in the final hour of trading on Friday.

 

U.S. Dollar Continues Its Decline  

Since peaking in mid-March, the U.S. dollar has dropped nearly 9%. Some of the potential beneficiaries of a weak dollar are global American businesses whose products and services become less expensive in overseas markets.[vii]

Conversely, international companies may suffer lower sales in the U.S. as their products become more expensive. It’s a mixed bag of potential outcomes, but Wall Street has become more and more focused on the dollar’s trajectory.

 

Final Thoughts

August has historically been a particularly volatile month. For instance, in 2019, the S&P 500 posted moves of more than one percent in 22 trading days.[viii]

One of the possible reasons is that many traders are away on vacation, resulting in light volume, which may amplify market volatility. But this year, it’s uncertain whether traders will be away on vacation due to the pandemic. Should markets become volatile in the weeks ahead, investors may want to remind themselves of the seasonal trends that may be at work.

 

THIS WEEK: KEY ECONOMIC DATA

Monday: Purchasing Managers Index (PMI) Manufacturing Index. Institute for Supply Management (ISM) Manufacturing Index.

Wednesday: Automated Data Processing (ADP) Employment Report. Purchasing Managers Index (PMI) Services Index. Institute for Supply Management (ISM) Non-Manufacturing Index.

Thursday: Jobless Claims.  

Friday: Employment Situation Report.

Source: Econoday, July 31, 2020

The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to be providing accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts also are subject to revision.

THIS WEEK: COMPANIES REPORTING EARNINGS

Monday: The Clorox Company (CLX), American International Group (AIG).

Tuesday: The Walt Disney Company (DIS), Twilio (TWLO), Prudential Financial (PRU), Emerson Electric (EMR).

Wednesday: CVS Health (CVS), Humana (HUM), Regeneron Pharmaceuticals (REGN), Wayfair (W).

Thursday: Bristol Myers Squibb (BMY), Booking Holdings (BKNG), Becton Dickinson (BDX), T-Mobile (TMUS).

Source: Zacks, July 31, 2020

Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule when they report earnings without notice.