RFG Advisory - Latest News & Updates

From our CIO | Market Update 4.5.17

by: Rick Wedell
published: April, 05th 2017

Market Update – April 5, 2017

The markets had an up and down week last week – opening at 2330, rallying to 2370 before Monday’s early morning sell off followed by a bleed back to 2360.  We feel a little bit range bound while the market tries to figure out what to do.  As we’ve talked about before, the market rally has been supported by 1) stronger economic growth, supported by both hard and soft data, and 2) optimism about what the Republican administration means for the business climate.  As far as #1 goes, the data has been a little squishier of late.  Not that it does not signal economic growth, it is just that the numbers have been coming in more on the “meets expectations” side versus soundly beating them, which is what we saw earlier in the year.  Monday morning’s sell off was driven by weaker than expected auto sales figures, which have hurt the auto makers and some suppliers as people are now anticipating potential production rate cutbacks.  That was offset by an ISM survey earlier that morning that suggested continued growth in factory production.  These sell-offs are likely to be short and shallow unless we see significant risks to the current economic growth expectation, and to date there has failed to really be any type of catalysts which threatens overall economic growth.  Note that the bears have recently been pointing to divergence between “hard” economic data, like GDP prints and earnings reports, and “soft” data like survey results.  It is true that the soft numbers have been more bullish than the hard numbers for a little while now, which makes sense as small business optimism continues to run extremely high.  I would also point out that it is not that the hard data is bad, per se, it is just less bullish than the survey results. 

In the meantime, optimism around the administration’s ability to get anything done on tax reform and infrastructure spending appears to be waning in light of both the failure to accomplish anything on the ACA and the apparent standoff over the supreme court nominee in the Senate.  The administration had recently looked to potentially secure some support from more conservative Democrats in an effort to mitigate the demands of the more hard-core elements of their own party – a strategy that may not have worked at all to begin with and certainly won’t be helped by the tensions over the supreme court nomination.  Tax reform, particularly if it includes some form of Border Adjustment Tax, will be a difficult issue for the administration to navigate, however the market is looking for something later this year or even early next year, and that expectation will keep at least a little bit of a floor in valuations. 



The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. Markets are represented by the S&P 500 which is unmanaged and cannot be invested into directly.          

Content prepared by Rick Wedell. Rick Wedell is not affiliated or endorsed by LPL Financial.

No strategy assures success or protects against loss. Investing involves risk including loss of principal.

Weekly Economic Update - July 16, 2018

Reporter Debbie Carlson of ETF.com quotes Rick Wedell, CIO of RFG Advisory, in an article about emerging market exchange traded funds, and strategies that financial advisors can use to offset asset allocation surrounding China. "The downside of using equa

Rick Wedell, CIO of RFG Advisory, appears on Cheddar TV to discuss market performance for the day and provide his performance outlook for the third quarter.

Bobby White, Founder and CEO of RFG Advisory discusses what holds us back from change

Garrett Keyes of Financial Advisor IQ features Bobby White, CEO and founder of RFG Advisory in an article detailing the firm's latest business decision to change broker-dealers.

Toby Salinger from Financial Planning interviews Bobby White, chairman and CEO of RFG Advisory, about the firm's broker-dealer change that is aligned with their level of growth and embraces the hybrid model. "We feel that our potential is unlimited at thi

WealthManagment.com highlights RFG Advisory news of the firm's broker-dealer change in the outlet's daily brief. The decision comes in order to expand service offers to its 38 independent advisors.

RFG Advisory is featured in InvestmentNews for the firm's recent broker-dealer change to propel its growth. The article highlights that this change, "Will allow us to streamline our process for client and operational support," according to the release.

RFG Advisory Repositions with RIA-Friendly Broker-Dealer to Support Growth Goals

Renee Morad from Forbes features Shannon Spotswood, president of RFG Advisory, in an article detailing how her creative break from the financial space prepared her for her current C-Suite role.

Michael Foster of Kiplinger includes Rick Wedell, CIO of RFG Advisory, in his article discussing funds that can provide income during a volatile market.

Shannon Spotswood, president of RFG Advisory, is featured in Jamie Green's ThinkAdvisor article about how the firm is disrupting the RIA space and leveraging technology.

Forbes reporter JJ Kinahan includes insight from Rick Wedell, CIO at RFG Advisory, which he discussed during a previous TD Ameritrade Network appearance.

Rick Wedell, CIO of RFG Advisory, appears on TD Ameritrade Network alongside host Oliver Renick to discuss the latest in the market headlines.

Shannon Spotswood, president of RFG Advisory, appears with RIA Channel's Julie Cooling to discuss how the firm partners with advisors for growth and optimized practice management.

The Wall Street Journal features Rick Wedell, CIO of RFG Advisory Group. "U.S. Stocks Wobble as Investors Parse Corporate Results,"

Rick Wedell, CIO at RFG Advisory, appears on TD Ameritrade Network's "Morning Trade Live"

April 3, 2018 RFG Advisory Investment Team Weekly Commentary

Shannon Spotswood is Interviewed on "How to Start a Career that ends in the C-Suite"

RFG Advisory CEO, Bobby White sheds light on the continued concept of being a "fiduciary" given the news of voiding the DOL fiduciary rule.

RFG Advisory's Chief Investment Officer, Rick Wedell featured in U.S. News and World Report

March 6, 2018 RFG Advisory Investment Team Weekly Commentary

Advisor News author Brian O'Connell quotes RFG Advisory CIO Rick Wedell "Pay no heed to February stock market swoon, analysts say"

RFG Advisory President Shannon Spotswood featured in the Wall Street Journal "Servicing Clients by Empowering and Training Advisors"

Rick Wedell, CIO of RFG Advisory Group, is featured on a TD Ameritrade Network segment discussing market outlook amid earnings season