Market Update: September 2018

investment advisory services historical yield and indic rates September 2018  

INVESTMENT ADVISORY SERVICES FEATURED MARKET DATA
Rising Costs Impacting Home Sales

Rising home prices and higher mortgage rates appear to be impacting home sales nationally. According to a national home price index, home prices have increased by over 6.3% in the past year. Meanwhile, the US 30-year fixed mortgage rate has increased from about 4.0% a year ago to over 4.6% in August 2018. These higher costs have resulted in a 1.5% decline in existing home sales over the past year. Existing home sales declined in the Northeast, Midwest and South in July. Only the West saw a monthly increase. New single family home sales fell 1.7% for the month in July. Positively, though, new single family home sales were up 12.8% on a year-over-year basis.

Source: Bloomberg, S&P Global Market Intelligence

 

INVESTMENT ADVISORY SERVICES RECENT NEWS
Stocks Reach Record Highs

U.S. stocks have reached a new bull market record as stocks soared in August. Recent stock gains have been attributed to strong corporate earnings, positive sentiment and possibly have been aided by trade negotiations. Concerns about a global trade war have pushed European and Asian markets lower the past few months. Inflows into US assets could be interpreted as the market taking views on who will benefit from tariffs, with the US appearing strongest. However, the US gains have arrived just in time for September which is a time of the year that market volume increases and volatility has historically been higher. Weakness in emerging markets, softening home prices and uncertainty around trade could all push markets lower in the months ahead.

Source: Wall Street Journal, Bloomberg

Download Full PDF

 

 

 
 
 
 

DISCLAIMER -This document was prepared by Prudent Man Advisors, Inc. for clients of the firm and its affiliated PMA entities, as defined below. It is being provided for informational and/or educational purposes only without regard to any particular user’s investment objectives, financial situation or means. The content of this document is not to be construed as a recommendation, solicitation or offer to buy or sell any security, financial product or instrument, or to participate in any particular trading strategy in any jurisdiction in which such an offer or solicitation, or trading strategy would be illegal. Nor does it constitute any legal, tax, accounting or investment advice of services regarding the suitability or profitability of any security or investment. Although the information contained in this document has been obtained from third-party sources believed to be reliable, PMA cannot guarantee the accuracy or completeness of such information. It is understood that PMA is not responsible for any errors or omissions in the content in this document and the information is being provided to you on an “as is” basis without warranties or representations of any kind.

Securities, public finance services and institutional brokerage services are offered through PMA Securities, Inc. PMA Securities, Inc. is a broker-dealer and municipal advisor registered with the SEC and MSRB, and is a member of FINRA and SIPC. Prudent Man Advisors, Inc., an SEC registered investment adviser, provides investment advisory services to local government investment pools and separate accounts. All other products and services are provided by PMA Financial Network, Inc. PMA Financial Network, Inc., PMA Securities, Inc. and Prudent Man Advisors (collectively “PMA”) are under common ownership.

Securities and public finance services offered through PMA Securities, Inc. are available in CA, CO, FL, GA, IL, IN, IA, KS, MI , MN , MO , NE, OH, OK, PA, SD, TX and WI. This document is not an offer of services available in any state other than those listed above, has been prepared for informational and educational purposes and does not constitute a solicitation to purchase or sell securities, which may be done only after client suitability is reviewed and determined. All investments mentioned herein may have varying levels of risk, and may not be suitable for every investor. PMA and its employees do not offer tax or legal advice. Individuals and organizations should consult with their own tax and/or legal advisors before making any tax or legal related investment decisions. Additional information is available upon request.

BUSINESS CONTINUITY      |      PRIVACY POLICY    |      SECURITY POLICY     |    DISCLOSURES   |     RESOURCES    |      CAREERS

P  :  800.783.4273       E  :  INFO@PMANETWORK.COM       A  :  2135 CityGate Ln, 7th Floor, Naperville, IL 60563   -    © 2015, PMA Financial Network, Inc. 

chicagoland website design and development, website hosting illinois, cms web design chicago Website by: Andromeda Technology Solutions

Message: You will now be redirected to a third-party, PMA-partnered website. Select CONTINUE to confirm that you want to leave pmanetwork.com and view our current employment opportunities. Select CANCEL to remain on this page.