Hello Eagle Wealth Community,
If you could go back in time, what advice would you give yourself about money? Over the next few weeks, we'll discuss how to help set up the younger people in our lives for financial success. Whether you have small kids at home, helping your grandchildren save for college, or giving advice to your adult children, this series is for you.
We begin with Propel Your Child Towards Boundless Opportunities: 3 Strategies to Start Today. This guide will help you ask the right questions to set your family up for success. Inside you’ll find the when, the how, and the why of helping your child plan their financial dreams.
This problem-solving guide is designed to show you how to make the optimal decisions to help your child or grandchild realize their dreams later, while potentially helping minimize the financial impact on your goals. We hope these tools will help you co-create your loved one’s financial future.
Later this September we’ll cover:
- What you should think about when sending kids off to college.
- Should you prioritize retirement planning over education planning?
- The best way to pass down your money wisdom.
Navigating the world can be tough. Give your loved one the comfort of knowing someone is invested in their future
Please give us a call if you have any questions. We’re here when you need us.
Sincerely,
Your Eagle Wealth Team
All work and no play makes for some dull financial planners. Last month, the Eagle Wealth fellas enjoyed an afternoon of teambuilding on the mountain bike trails. They hit the reset button with a little fresh air, adrenaline, and maybe a few post ride beers. Watch them in action here.
How about you? How do you cut loose and have some fun?
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The Week on Wall Street
Stocks were mixed last week amid conflicting economic data and continued spread of Delta variant infections.
The Dow Jones Industrial Average slipped 0.24% during the five trading days. But the Standard & Poor’s 500 tacked on 0.58% and the Nasdaq Composite index rose 1.55%. The MSCI EAFE index, which tracks developed overseas stock markets, gained 1.51%.1,2,3
Mixed Market
Investors gravitated toward the high growth technology and communication services sectors, as well as the more defensive sectors, such as utilities and real estate. Reopening stocks were weighed down by Delta variant fears and a retreating consumer, while energy struggled to bounce in the wake of Hurricane Ida shutting down energy production and refining capacity.4
Stocks appeared to shrug off a shaky employment report on Friday, despite the questions it raised about economic growth in the months ahead.
Mixed Employment
After initial jobless claims reached a new pandemic low on Thursday, the August employment report on Friday came in below expectations as payrolls expanded by 235,000. Adding to the subdued report was a 4% decline in the number of hours worked by employees. On the positive side, the Friday report showed the unemployment rate fell to 5.2%, while wage growth rose 0.6% from July and increased 4.3% from August 2020.5
The weak employment report may reflect a pause in hiring due to the Delta variant. It could additionally muddy the outlook for the Federal Reserve, which has indicated it may begin tapering before year-end. The uncertain jobs picture may force the Fed to push its tapering start date into 2022.5
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THE WEEK AHEAD
Key Economic Data
Wednesday: JOLTS (Job Openings and Labor Turnover Survey)
Thursday: Jobless Claims
Source: Econoday, September 3, 2021
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.
Companies Reporting Earnings
Tuesday: Coupa Software, Inc. (COUP), Uipath, Inc. (PATH)
Wednesday: Lululemon Athletica, Inc. (LULU), Gamestop Corporation (GME)
Thursday: Zscaler, Inc. (ZS), Affirm Holdings, Inc. (AFRM)
Friday: The Kroger Co. (KR).
Source: Zacks, September 3, 2021
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.
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