• Weekly Economic Update – December 11, 2017

    Posted on December 11, 2017

    ANOTHER MONTH OF SOLID HIRING According to the Department of Labor, the U.S. workforce gained 228,000 more jobs than it lost during November. Annualized wage growth improved from 2.5% to 2.7%. The headline jobless rate held at 4.1% last month, while the U-6 rate, that includes the underemployed, ticked up a tenth of a percent to 8.0%. Even though October’s

  • Weekly Economic Update – December 4, 2017

    Posted on December 4, 2017

    CONSUMERS ACT ON THEIR CONFIDENCE A new factoid points out just how well the economy is doing: the federal government just upgraded its estimate of third-quarter growth to 3.3%. New data on consumer spending and confidence hints at fourth-quarter strength. Personal spending improved 0.3% in October following the 0.9% leap in September, and household wages were up 0.4% in October

  • Weekly Economic Update – November 27, 2017

    Posted on November 27, 2017

    CONSUMER SENTIMENT DECLINES FOR NOVEMBER The University of Michigan’s monthly gauge of how households perceive current and future economic conditions ended the month at a mark of 98.5. Compared to the 100.7 final October reading, this was a disappointment. Still, the index was up 5.0 points year-over-year. Richard Curtin, the economist in charge of the consumer survey, noted that the

  • Weekly Economic Update – November 20, 2017

    Posted on November 20, 2017

    YEARLY INFLATION BACK AT 2.0% Consumer costs ticked up just 0.1% in October, according to the Department of Labor. The marginal monthly gain left the annualized increase in the headline Consumer Price Index at 2.0%, down from 2.2% a month earlier. The core CPI has risen 1.8% in 12 months. Gasoline prices influenced the October headline number: they fell 2.4%

  • 12 Year-End Tax Saving Tips

    Posted on November 16, 2017

    By Michael Maiorano, CFP®, CPA/PFS As we again approach year-end, don’t forget about these 12 tax planning strategies: Contribute to a health saving account (HSA). Pay for first quarter 2018 college/qualified higher education expenses now in 2017. Plan to buy a car, boat or another big item? Purchase it in 2017 to get the sales tax deduction. Donate a year-end gift

  • Weekly Economic Update – November 13, 2017

    Posted on November 13, 2017

    CONSUMER SENTIMENT INDEX DECLINES The University of Michigan’s monthly gauge of U.S. household sentiment fell to 97.8 in its initial November edition; analysts polled by Bloomberg estimated it would tick up to 100.8. While the 2.9-point dip from its final October level was the largest drop in a year, the index remained near a 13-year peak. Sixty percent of the

  • Weekly Economic Update – November 6, 2017

    Posted on November 6, 2017

    HIRING REBOUNDS, INDUSTRIES EXPAND According to the Department of Labor, October brought a net gain of 261,000 jobs. (Last month’s net loss of 33,000 was revised to a net gain of 18,000.) The headline unemployment rate ticked down to 4.1%, while the broader U-6 rate fell to 7.9% (down 1.3% in 12 months). Wages were up 2.4% year-over-year. The Institute

  • Weekly Economic Update – October 30, 2017

    Posted on October 30, 2017

    THIRD QUARTER SAW SOLID ECONOMIC GROWTH Friday, the Bureau of Economic Analysis issued its first estimate of Q3 GDP: 3.0%. Its report showed increases in personal spending and business stockpiling offsetting a dip in home building. The economy grew 3% or more for a second straight quarter for the first time since 2014. Growth has averaged 2.2% per quarter since

  • TrueWealth’s 3rd Quarter 2017 Market Commentary

    Posted on October 18, 2017

    Markets As Sonny and Cher used to sing, “And the beat goes on.” For the 7th quarter in a row, the S&P notched a positive gain, and our global equity model portfolio did the same. All major asset classes were up once again, and despite continued concerns of an overbought market, investors continue to seek alternatives to low interest rates,

  • Great Place to Work® and Fortune Magazine Named TrueWealth #16 on 2017 Best Small Workplaces List

    Posted on October 18, 2017

    ATLANTA (October 18, 2017) –TrueWealth, LLC, one of Atlanta’s leading wealth management providers, is delighted to be named #16 to the 2017 Best Small Workplaces list by Great Place to Work® and FORTUNE. This is the second consecutive year the firm has earned a spot on this prestigious list. The survey assessed each company’s camaraderie, leadership, fairness, rewards and career opportunities;