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4400 Post Oak Pkwy #200
Houston, TX 77027
Financial Synergies Wealth Advisors is a fee-only, fiduciary Financial Advisor in Houston, Texas. We specialize in wealth management services, including comprehensive financial planning and investment management.
For more than thirty years we’ve been serving the financial needs of individuals, families, and businesses in Houston, Texas and around the country.
Wealth Management Services include financial planning, retirement planning, investment management, tax planning, insurance planning, estate planning, and company retirement plans.
Find out if we’re a good match for your financial planning and investment management needs. We offer a free, no-obligation consultation to help us get to know each other. We can meet by phone, in-person, or online.
4400 Post Oak Pkwy #200
Houston, TX 77027
Financial Synergies Wealth Advisors is a fee-only, fiduciary Financial Advisor in Houston, Texas. We specialize in wealth management services, including comprehensive financial planning and investment management.
For more than thirty years we’ve been serving the financial needs of individuals, families, and businesses in Houston, Texas and around the country.
Wealth Management Services include financial planning, retirement planning, investment management, tax planning, insurance planning, estate planning, and company retirement plans.
Strong Case for Raising Rates
Tuesday produced more highs for the major indices as investors didn’t shy away from Fed Chair Yellen’s less dovish testimony before the Senate Banking Committee. On the contrary, they seemed to embrace it, emboldened by the understanding that if the fed funds rate goes up again in March, or any other month, it will be going up for the right reasons.
Specifically, another rate hike would be forged on the back of a strengthening economy, which would be supportive of increased earnings growth. That was the takeaway from the stock market performance on Tuesday, as it recouped some modest losses and advanced in the wake of Ms. Yellen’s testimony.
The Fed Chair acknowledged that since the financial crisis, “economic growth has been quite disappointing.” But went on to say, “The economy is recovering from a very severe crisis. We’ve put in place stronger financial regulation that has forced our banks to build up their capital buffers to deal with problem loans and to strengthen themselves to the point where they have been to support economic growth and recovery in our economy.”
On the economic front, the early batch of data surprised to the upside on all fronts.
All in all, this is mostly positive news for the economy and job growth.
Source: Briefing.com
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