RFG Advisory - Latest News & Updates

From RFG Advisor, Tommy Williams | "A Nation Divided"

by: Tommy Williams
published: February, 28th 2017


A Nation Divided

 By: Tommy Williams, President and Founder, Williams Financial Advisors, LLC

 What’s the word ‘phenomenal’ worth? It all depends on who says it. 

Barron’s shared Wilshire Associates’ calculations which indicated the word was worth about $175 billion – the amount markets gained early this month – when President Trump used it to describe the tax plan his administration will deliver “ahead of schedule.” Markets gained another $100 billion in value about a week later. Barron’s reported: 

“While tax reform is definitely coming, a final bill is still a long way off, and a 2017 effective date is looking less likely…[However,]…the equity markets are more than willing to give the new administration the benefit of the doubt. Something’s coming, even if we don’t know what or when. And that seems good enough to bid stocks higher…” 

The word ‘phenomenal’ is probably worth a bit less than Wilshire’s estimate. United States stocks pushed higher on positive earnings growth, too. With 71 percent of companies in the S&P 500 Index reporting results for the fourth quarter of 2016, “…the blended earnings growth rate for the S&P 500 is 5.0 percent. The fourth quarter will mark the first time the index has seen year-over-year growth in earnings for two consecutive quarters since Q4 2014 and Q1 2015.” 

Consumer confidence remained high, but wavered a bit in February, according to the University of Michigan Surveys of Consumers. Americans are happy with their current financial circumstances, but expectations for the future dropped sharply. Surveys of Consumers chief economist, Richard Curtin, wrote: 

“… a total of nearly six-in-ten consumers made a positive or negative mention of government policies. In the long history of the surveys, this total had never reached even half that amount…These differences are troublesome: the Democrat’s Expectations Index is close to its historic low (indicating recession) and the Republican’s Expectations Index is near its historic high (indicating expansion). While currently distorted by partisanship, the best bet is that the gap will narrow to match a more moderate pace of growth.” 

Regardless, the mood around the country is elevated. According to Yahoo Finance,  

“A mix of hopes for lower taxes, less regulation, and increased fiscal spending, boosted both business leaders and consumers alike. Like the election, however, these surveys showed — particularly at the consumer level — a nation divided. And so it was an open question about whether there’d really be any follow-through from positive surveys, called “soft data” by economists, into actual hard data like increased spending. A…[recent] report from the Census Bureau showed that retail sales in January rose 0.4% over the prior month, more than expected by economists. This is also notable considering that it came against a December report that was revised significantly higher — to 1% sales growth from 0.6% originally. Consumer spending accounts for about 70% of GDP growth, and so continued positive momentum on this front is likely to boost overall economic growth. Over the last 12 months, retail sales are now up 4.9%. Along with the better-than-expected retail sales numbers, Wednesday morning also featured strong readings on inflation that show an economy which could be close to pressing the Fed to raise rates faster than the market expects. Headline inflation rose 2.5% over the prior year in January, the most since March 2012. “Core” inflation, which is more closely tracked by economists and the Fed and excludes the prices of food and energy, rose 2.3% over the prior year. The Fed is targeting 2% inflation.”

Regardless of your position on the nature of the political climate, at least for now, we must agree that things look pretty “phenomenal.” Depending on whether your financial goals are short term or long term, I think it is a good time to observe that famous Warren Buffet quote, “Be fearful when others are greedy and greedy when other are fearful.”

 

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. The economic forecasts set forth in the presentation may not develop as predicted and there can be no guarantee that strategies promoted will be successful. This material was prepared in part by Peak Advisor Alliance. 

Visit us at www.williamsfa.com. Tommy Williams is a CERTIFIED FINANCIAL PLANNER™ Professional with Williams Financial Advisors, LLC. Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through RFG Advisory Group, a registered investment advisor.  RFG Advisory Group, Williams Financial Advisors, LLC, and Peak Advisor Alliance are separate entities from LPL Financial. Branch office is located at 6425 Youree Drive, Suite 180, Shreveport, LA 71105.

 

 


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

From our Investment Team | Weekly Commentary 2.12.18

From RFG Advisor, Tommy Williams | The Efficiencey of a Circular Economy

From our CIO | Quick Market Update 2.5.18

From our Investment Team | Weekly Commentary 2.5.18