Market Commentary

Market Commentary

Market CommentaryFor the week of January 21, 2020 The MarketsAll three major indexes hit record highs Friday amid positive economic news on several fronts. In the middle of the week, the U.S. and China signed a limited trade deal. End-of-year reports showed U.S. housing starts grew by nearly 17 percent in December (a 13-year high), weekly jobless claims were better than forecast and China’s economic growth matched expectations. For the week, the Dow rose 1.84 percent to close at
View More >>

Market Commentary

Market CommentaryFor the week of January 13, 2020 The MarketsMiddle East turmoil created a volatile week on Wall Street, but investors appeared to shake off geopolitical concerns on Friday as the Dow climbed above 29,000 for the first time. However, a decent but weaker-than-expected jobs report dampened enthusiasm, causing stocks to fall. Despite the disappointment, the major indexes posted weekly gains. For the week, the Dow rose 0.67 percent to close at 28,823.77. The S&P gained 0.98
View More >>

Market Commentary

Market CommentaryFor the week of January 6, 2020 The Markets Stocks fell across the board Friday after a U.S. air strike in Iraq killed Iran’s top military commander and escalated Middle East tensions. Crude oil prices surged in the wake of the strike. Along with geopolitical concerns, data showed U.S. factory activity shrank in December. For the week, the Dow was unchanged and closed at 28,634.88. The S&P lost 0.12 percent to finish at 3,234.85, and the NASDAQ rose 0.16 perc
View More >>

IRA and Retirement Plan Limits for 2020

      Todd Terhorst – President, Founder Pete Zvanovec – VP, Client Planning todd@diversifiedwealthmanagement.com pete@diversifiedwealthmanagement.com   612-435-0035 – Todd 612-435-0044 – Pete 4501 Minnetonka Blvd. Ste. 200 St. Louis Park, MN 55416   IRA and Retirement Plan Limits for 2020 IRA contribution limits The maximum amount you can contribute to a traditional IRA or a Roth IRA in 2020 is $6,000 (or 100% of your earned income, if les
View More >>
Check the background of this financial professional on FINRA's BrokerCheck
Check the background of this financial professional on FINRA's BrokerCheck