The new instructions include a requirement to make a short video of under 10 minutes telling about myself, specifically why I want to be a financial planner, and more specifically why I want to be a planner with their firm. I have 8 business days in which to make and submit this video and then wait to see if they intend to schedule me for an interview.
In a more conventional vein, on Wednesday I was contacted by a firm in Southfield that simply wishes to meet with me to have a chat. That may be happening as soon as later this week.
I have completed the arduous task of transferring all my files to my external hard drive (some 408 GB in all; as I continue to digitize more video, that is going to grow and grow fast!) but now must face down the even more arduous task of backing them all up. Microsoft One Drive offers a terabyte of storage for $7/mo and that seems to be the best deal out there.
The stock market has had another stellar week. Seemingly Wall Street, after many months of hesitation over Trump, now seems to be comfortably embracing his victory and betting heavily on the banking and healthcare industries, both of which are expected to benefit from the President-elect's expected policies. The succinct summary, as always, is provided below. Hope everyone had a great Thanksgiving weekend.
Succinct Summation of Week’s Events 11.25.16
Succinct Summations for the week ending
November 25th, 2016
Positives:
1. Dow, S&P 500, NASDAQ and Russell 2000 hit all-time highs together for the first time since 1999.
2. Durable goods rose 4.8% month over month and 2.1% year over year. Transportation orders rose 12%.
3. PMI manufacturing index flash rose to 53.9 from 53.4 previously.
4. Existing home sales came in at 5.6M (SAAR), up from 5.47M previously and above the 5.420M expected. They rose 2% m/o/m and 5.9% y/o/y; FHFA house price index rose 0.6% m/o/m and 6.1% y/o/y.
5. Consumer sentiment rose to 93.8, up from 91.1 previously.
6. MBA mortgage applications index rose 5.5% w/o/w, the purchase index increased 19%.
7. Newt Gingrich is no longer in contention for a major cabinet position.
Negatives:
1. New home sales fell to 563k (SAAR) from 593k previously. October single-family house sales declined 1.9%.
2. Jobless claims rose from 235k previously to 251k.
3. The average interest rate on a 30-year fixed-rate mortgage rose 21 basis points to 4.16%.
4. Investors Intelligence said Bulls rose to 55.9%, a 3 month high and up from 51% last week. II refers to this level above 55% as entering “the danger zone.”
5. Rudy Giuliani is still in contention for a major cabinet position.
Major indexes hit records as post-election rally goes on
DJ: 8,956.69 +88.76 NAS: 5,368.86
+47.35 S&P: 2,198.18
+16.28 11/21
Another day of record closing highs across
the board as the market continues the post-election rally betting on sectors
expected to benefit from Trump’s policies.
With new opportunities afloat, bond funds are emptying and pouring into
stocks with the Dow up another 88 points.
Volume is getting back to more normal levels with 6.7 billion shares
traded, below the month’s elevated average of 8.1 billion.
Wall Street extends record streak, Dow breaks 19,000 for
first time
DJ: 19,023.87 +67.18 NAS: 5,386.35
+17.49 S&P: 2,204.94
+4.76 11/22
Another
67 points on the Dow put the index over the 19,000 mark for the first time in
history as the post Trump victory rally continues with investors seeing the
President-elect’s policies as beneficial to certain industries. Though volume is slipping leading into the
holiday weekend, it is still quite healthy at 7.3 billion. The Dow is now up 9.2 percent for the year,
the S&P up 7.8 percent.
Dow, S&P 500 set record high
closes ahead of holiday
DJ: 19,083.18 +59.31 NAS: 5,380.68
-5.67 S&P: 2,204.72
+1.78 11/23
Another 59 points, another record close, helped by a
strong jump in durable goods. At 6.5
billion, volume is lighter than the extraordinary averages since the election
but still more robust than would be typical just before a holiday. The market has accepted the likelihood of a
December rate so it’s not even phasing the indexes anymore.
Wall
Street ends at record highs; dollar loses steam
DJ: 19,152.14 +68.96 NAS: 5,398.92
+18.24 S&P: 2,213.35
+8.63 11/25
Another stellar week as the market continues
to feel optimism over the Trump victory and betting heavily on banking,
industrials and healthcare as industrials likely to benefit from the
President-elect’s expected policies. The
Dow had yet another record close on Black Friday though it was a short trading
day with commensurate short volume of less than 3 billion shares.
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