Transcript: Hello, I’m Ken Moraif and welcome back to our weekly market alert video. We are going to look at data that we got on the economy from this week that just ended. And we got two important data points to discuss. The first one is consumer confidence hit a 15-year high according to the University of Michigan’s Consumer Confidence Index and that’s a good sign because as you know employment right now is at a 50-year high,
Transcript: Well, this is one of those situations where I don’t like making videos that are off schedule because normally what they mean is that something that is not very good has happened and so this is one of those situations. So what’s going on is that as you probably know President Trump said that the Chinese have reneged or are not following through on the deal that they made and so he’s going to raise tariffs.
Transcript: Hello, I’m Ken Moraif, and thank you for watching this weekly video on what’s going on in the markets and what we think about it, and your retirement planning, and all those kind of things. I am the senior adviser at Retirement Planners of America, and we do specialize in retirement planning, so we work primarily with people who are over 50 who are retired or retiring soon, so hopefully, that’s you,
Transcript: Boy, that tastes good, Retirement Planners of America. Well, it’s official. We are now no longer Money Matters, we are now Retirement Planners of America, and the reason why we’ve changed our name is because we wanted our name to reflect what we do which is we are retirement planning specialists. We work with people who are retired or retiring soon, primarily people over 50, and probably, if you are getting this video,
Transcript: This week’s video is entitled “Blue Skies, Nothing But blue Skies.” OK, that’s a cheerable rendition of Willie Nelson, I get it, but Blue Skies is what we see. The economic data last week that came out was that the GDP rose by 3.2 percent at an annualized rate and that was higher than any of the forecasters on the Blue Bird Survey of Economists thought that it would be.
And also inflation according to the Federal Reserve,