Last Week:

Markets finished up for the week, the month and the quarter.

The Trump tax plan was the big economic news of the week. President Trump wants to move from 7 tax brackets, down to 3. He’s proposing changing the corporate tax rate (C-corps) from 35% down to 20%. The pass-through corporate tax rate (S-corps) from 39.5% down to 25%. Trump wants to eliminate the AMT tax, and the death tax. His proposal will likely remove the ability to deduct your state and local taxes from your federal tax return. The tax plan would keep the mortgage and charitable deductions. The personal exemption would increase for a “single” from $6,300 up to $12,000. The personal exemption for a “couple” would increase from $12,600 up to $24,000.

The Q2 GDP was revised from +3.0% up to +3.1%.

New home sales were down -3.4% in August. Year-over-year they’re down -1.2%.

Durable Goods were up +1.7% in August. Year-over-year they’re up +5.1%.

This Week:

Economic focus of the week: will come on Friday morning when we get the latest jobs and unemployment numbers. Expectations are for only 95,000 jobs, and for the U3 unemployment number to remain at 4.4%.

Indicator focus: September’s ISM manufacturing index (Mon); September’s motor vehicle sales (Tue); ADP’s employment report, September’s ISM non-manufacturing index (Wed); August’s international trade number (Thu); September’s jobs and unemployment numbers (Fri).

Have a great week,


P.S. Please feel free to forward this commentary to family, friends, or colleagues. If you would like us to add them to the list, please reply to this e-mail with their e-mail address and we will ask for their permission to be added.

Securities offered through Securities America, Inc., member FINRA/SIPC.  Advisory services offered through Securities America Advisors, Inc. Parker Wealth Management and Securities America not affiliated.

* The Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general.   The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. The NASDAQ Composite Index is an unmanaged, market-weighted index of all over-the-counter common stocks traded on the National Association of Securities Dealers Automated Quotation System. Yahoo! Finance, the Wall Street Journal, Investor’s Business Daily and Barron’s are several of the sources used for financial information.

* Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. Consult your financial professional before making any investment decision. You cannot invest directly in an index.   Past performance does not guarantee future results. No strategy can assure a profit or protect against a loss. Investments in the securities markets involve risk, such as loss of your principal.