Ironwood Recap – Week of October 14th, 2019

This was a pretty flat week in the markets with both the Dow and the S+P changing less than a quarter percent. Likewise the 10 year treasury also hardly moved and stayed at about 1.75%.

On the economic front, both retail sales and housing starts came in lower than expected, showing some signs of slowing. Additionally, China’s GDP growth was lower than expected. None of this really shook the market, and it would have been a nice up week for the Dow if not for bad news on the 737 MAX 8 front pulling Boeing significantly downward. Corporate earnings were mostly in line with estimates with a few standouts such as Alcoa and Netflix.

Next week we have consumer sentiment and new home sales data to look forward to along with about 600 publicly traded companies reporting earnings as earnings season goes into full swing.

~ Alex Parrs

Financial Planning, Market Update, Tucson

Tucson Financial Planning

Tucson Investment Management

The Ironwood Difference

Need Help planning Your Retirement?

Recent Posts

Copyright © 2021 · Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Ironwood Financial, LLC), or any non-investment related content, made reference to directly or indirectly in this newsletter will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this newsletter serves as the receipt of, or as a substitute for, personalized investment advice from Ironwood Financial, LLC. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. Ironwood Financial, LLC is neither a law firm nor a certified public accounting firm and no portion of the newsletter content should be construed as legal or accounting advice. If you are a Ironwood Financial, LLC client, please remember to contact Ironwood Financial, LLC, in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services. A copy of the Ironwood Financial, LLC’s current written disclosure statement discussing our advisory services and fees is available upon request.