FINRA’s BrokerCheck

Will This Rally Continue?

There’s a picture there, hidden in the averages
Ray Dalio

It’s hard to make the case that equity or fixed income markets are anything but late cycle. The evidence is showing up in several places. Rising capital spending, increasing productivity, increasing capacity utilization, peaking PMI’s, and tightening monetary policy all suggest later rather than earlier. But the end could be extended by a number or factors. Tame inflation, keeping the long end of the curve in check, could also keep the Fed constrained. We’ve never met a banker with a mandate to intentionally invert the curve. Tax reform could also postpone any end to the current status. Corporate profits are healthy and any reduction in corporate tax liability will keep them that way. But keep your eye on the consumer. Two-thirds of our economy is built upon this group’s willingness to spend, provided they have enough to spend. Wages have been stagnant for most of this bull market and savings as a group are low. Corporate tax reform and yield curves all play out nicely in the daily rhetoric of the financial media but when the consumer has had enough the game ends.

SCI HIGHLIGHTS

eMoney Demo – 11/21 @ 9am EST

We will be hosting an eMoney demo next Tuesday for those that would like to take a closer look at the features offered and what’s to come. Contact Bob Dunne for webinar details.

eMoney Demo w/ Larry Romano

Tuesday, November 21st @ 9:00am EST

Weekly SCI Webinar

We host a weekly lunch and learn online webinar to answer questions about the Salt Creek platform and to provide training on the best practices for the services available on the advisor portal. Please join me for a laid back and open session on Salt Creek and the new services available.

Every Tuesday starting 10/3/2017 @ 12pm CDT 
Join from PC, Mac, Linux, iOS or Android: 
Click here for Conference Login 
Meeting ID: 325 159 0655
Dial In Audio: 669-900-6833


LaSalle St. Investment Advisors, LLC
940 N. Industrial Dr.
Elmhurst, IL 60126

 

sci@lasallest.com

SaltCreekInvestors.com

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