Business & Finance

Special Market Update: 2016 in Review

BASKING RIDGE, NJ- Looking back on the final trading week of a very eventful year, we saw low volume and a break from the recent rallies for domestic indexes. While international stocks in the MSCI EAFE added 0.56%, all major U.S. indexes declined.[1] The S&P 500 lost 1.10%, the Dow was down 0.86%, and the NASDAQ gave back 1.46%.[2] For the first time since November 4, the indexes posted three straight days of losses.[3] Despite these last-minute decreases, 2016 ended very differently than it began.

Last January, domestic indexes rang in the New Year with quite unpleasant performances. While the S&P 500 and NASDAQ dropped, the Dow experienced its worst-ever five-day start to a year, losing 1079 points on fears of an economic slowdown in China and plummeting oil prices.[4]

By market close on December 30, 2016, all three indexes showed healthy growth for the year:[5]

Sign Up for E-News

  • S&P 500: Up 9.5%
  • Dow: Up 13.4%
  • NASDAQ: Up 7.5%

In addition to this equity growth, last week showed us a number of encouraging economic indicators for 2016, including:

Consumer Confidence Surge: On December 27, Consumer Confidence beat expectations to reach 113.7 - a 13-year high.[6] This metric indicates that consumers feel more positively about jobs, personal finances, business conditions, and more.

U.S. Dollar Increase: The dollar was up for the fourth straight year, showing a 3.7% increase for 2016 after hitting a 14-year high on December 20.[7]

Crude Oil Recovery: After a rough start to the year, oil experienced its largest annual increase since 2009. In fact, three-dozen U.S. gas and oil producers in the S&P energy index gained more than 40% during 2016.[8]

We all know that 2016 brought its fair share of surprises - from victories for Brexit and Donald Trump to our recent stock market rally and beyond. However, the year ended with domestic indexes up and a number of positive economic indicators. As we look toward 2017, we see opportunities for continued growth, as well as many questions that no one can yet answer.

  • Will President Trump reduce regulation and taxes?
  • Will OPEC keep its pledge to lower oil output?
  • How will China's economy perform?
  • Could more "Brexits" be on the horizon?

The questions remain, but no matter the answers, we are here to help guide you through the year - and toward your goals - with proactive, strategic support. If you want to talk about what we experienced in 2016, or what we anticipate for the year ahead, we are always here for you.

By clicking on these links, you will leave our server, as they are located on another server. We have not independently verified the information available through this link. The link is provided to you as a matter of interest. Please click on the links below to leave and proceed to the selected site.

Walter Pardo is the Managing Director of Wealth Financial Partners, LLC (IFG). 

 

 

 

Securities and advisory services are offered through Independent Financial Group, LLC(IFG), a registered broker-dealer and investment advisor. Member FINRA/SIPC. Wealth Financial Partners and IFG are unaffiliated entities. OSJ Branch: 12671 High Bluff Dr. Ste 200 San Diego, CA 92130

  1. https://www.msci.com
  2. http://finance.yahoo.com
    http://finance.yahoo.com/
    http://finance.yahoo.com/
  3. http://www.cnbc.com
  4. http://money.cnn.com
  5. http://www.cnbc.com
  6. http://www.cnbc.com
  7. http://www.reuters.com
  8. https://www.bloomberg.com

TAP Into Another Town's News:

Sign Up for E-News

Franklin Township

Travis “TJ” Henry Health Fair - Free Family Community Health Event

April 19, 2018

Free Family Community Health Event

TJ was a Rutgers University student from central New Jersey who passed away from sudden cardiac death.

The health fair is named in his honor to bring attention to fitness and wellness in our community.

This year the fair will focus on heart and mental health in young adults and families.

Event Activities:

Fun 3k Run/Walk - Time: 8a m-9:30 am ...

Area Rotary Club Fair: Fun Place to Do Business

April 16, 2018

HILLSBOROUGH, NJ - The Rotary Club of Hillsborough will provide local businesses multiple opportunities to showcase their services and connect directly with customers at its 11th annual Rotary Fair, scheduled this year for Aug. 14–19.

More than 15,000 people from Hillsborough and surrounding communities are expected to visit the weeklong family event held at the Hillsborough Promenade, ...

Area Church Set To Host “Little Big Shots” Viewing Starring Lil Asmar

SOUTH PLAINFIELD,  NJ —  Impact Church is inviting the public to a viewing of NBC’s “Little Big Shots” featuring South Plainfield resident, 11-year-old bass guitarist, Lil Asmar. It is  a feel-good, family-friendly series hosted by Steve Harvey, "Little Big Shots" showcases talented and unique kids from all over the ...

Somerville: “Shop ‘til You Drop Resale Extravaganza” April 21

SOMERVILLE, NJ – The “Shop ‘til You Drop Resale Extravaganza” on April 21st is meant to draw attention to the borough’s  burgeoning network of antiques, collectibles and consignment shops.

Nine stores will be open from 10 a.m.-6 p.m., each offering discounts and prizes for those looking for truly unique, one-of-a-kind items at affordable ...

East Brunswick's Rabbi Aryeh Goodman Charged with Sex Trafficking of a Child

NEWARK, N.J. – Two individuals who allegedly forced a child into commercial sex acts at multiple hotels throughout Middlesex, Bergen, and Essex counties, will appear in court today with one of their customers to face federal sex trafficking charges, U.S. Attorney Craig Carpenito announced.  The "customer" is Rabbi Aryeh Goodman, 35, of East Brunswick, who is charged in a ...

Governor Names New Brunswick an "Opportunity Zone"

NEW BRUNSWICK - Gov. Phil Murphy announced on Monday that the U.S. Department of Treasury has approved New Brunswick as one of 169 recommended designations for Opportunity Zones throughout the Garden State.

The Opportunity Zone Program is designed to drive long-term capital investments into low-income rural and urban communities. There are 75 municipalities in the state ...

South Brunswick: Mayor Killmurray’s Funeral Plans Announced, Township Prepares For Administration Change

SOUTH BRUNSWICK, NJ – Township officials announced funeral plans for Mayor Christopher Killmurray and plans to deal with filling his position and a second one on the Council.

Killmurray, 55, died at home Sunday morning after battling brain cancer for several years.

According to the township, a viewing is scheduled for 3-7 p.m. Wednesday at St. Cecilia’s Roman Catholic Church at ...

Area Rotary Club Fair: Fun Place to Do Business

April 16, 2018

HILLSBOROUGH, NJ - The Rotary Club of Hillsborough will provide local businesses multiple opportunities to showcase their services and connect directly with customers at its 11th annual Rotary Fair, scheduled this year for Aug. 14–19.

More than 15,000 people from Hillsborough and surrounding communities are expected to visit the weeklong family event held at the Hillsborough Promenade, ...

Area Church Set To Host “Little Big Shots” Viewing Starring Lil Asmar

SOUTH PLAINFIELD,  NJ —  Impact Church is inviting the public to a viewing of NBC’s “Little Big Shots” featuring South Plainfield resident, 11-year-old bass guitarist, Lil Asmar. It is  a feel-good, family-friendly series hosted by Steve Harvey, "Little Big Shots" showcases talented and unique kids from all over the ...

Somerville: “Shop ‘til You Drop Resale Extravaganza” April 21

SOMERVILLE, NJ – The “Shop ‘til You Drop Resale Extravaganza” on April 21st is meant to draw attention to the borough’s  burgeoning network of antiques, collectibles and consignment shops.

Nine stores will be open from 10 a.m.-6 p.m., each offering discounts and prizes for those looking for truly unique, one-of-a-kind items at affordable ...

Franklin Non-Profits Win Luxury Suite at TD Bank Ballpark

April 13, 2018

SOMERVILLE, NJ - Freeholder Director Patrick Scaglione selected 40 nonprofit organizations in an annual drawing for Community Box seats at the TD Bank Ballpark in Bridgewater.

The winners will have an opportunity to watch the “Boys of Summer” play home games on various dates during the Somerset Patriots’ 2018 season.

“Somerset County has made this 30-seat community ...

Freeholders to Hold Public Hearing for Proposed $237 Million Budget May 22

SOMERVILLE, NJ - Last night Franklin Township presented and approved its nearly $61 million municipal budget, and the Somerset County Board of Chosen Freeholders introduced its 2018 county budget. 

The freeholders said they had two goals for the budget, to keep taxes stable and to reduce the county tax rate. A public hearing on the budget is scheduled for May 22 at 6:30 p.m. at ...

Hillsborough Planning Board Tackles Indoor/Outdoor Sports Complex Proposal

HILLSBOROUGH, NJ - The Township Planning Board will consider an application Thursday night from a township businessman who wants to build an expansive indoor/outdoor sports complex on a 40-acre property on Mountain View Road adjacent to the 369-acre Mountain View Park.

The meeting begins at 7:30 p.m. in the courtroom at the municipal complex, 379 South Branch Road.

Last week the Township ...

Franklin Non-Profits Win Luxury Suite at TD Bank Ballpark

April 13, 2018

SOMERVILLE, NJ - Freeholder Director Patrick Scaglione selected 40 nonprofit organizations in an annual drawing for Community Box seats at the TD Bank Ballpark in Bridgewater.

The winners will have an opportunity to watch the “Boys of Summer” play home games on various dates during the Somerset Patriots’ 2018 season.

“Somerset County has made this 30-seat community ...

Freeholders to Hold Public Hearing for Proposed $237 Million Budget May 22

SOMERVILLE, NJ - Last night Franklin Township presented and approved its nearly $61 million municipal budget, and the Somerset County Board of Chosen Freeholders introduced its 2018 county budget. 

The freeholders said they had two goals for the budget, to keep taxes stable and to reduce the county tax rate. A public hearing on the budget is scheduled for May 22 at 6:30 p.m. at ...

AtlantiCast

AtlantiCast: Episode 14

On this week’s AtlantiCast, an internationally recognized orthopedic oncologist takes a leadership role at Atlantic Health System, see the newest weapon in the fight against HPV-related cancers, Atlantic Health System leads the Castle Connolly / Inside Jersey Rankings, and much more!