If you’re looking for a 2014 financial forecast, Jim O’Neill recommends a review of the first five trading days. The former chairman of Goldman Sachs Asset Management explains what those early days may foretell for this coming year. You can also check the progress of the Big Four Economic Indicators, as Doug Short does. How is the economy recovering? The charts tell the story in Advisor Perspectives. The start of the year is also a good time to evaluate your personal liability coverage. Although most homeowner or automobile policies cover basic liability, it may fall short of what you need to protect your assets. Our final article from the AICPA offers some advice.
What Five Days of Trading Tell Us About 2014– Jim O’Neill, former chairman of Goldman Sachs Asset Management, talks about the Five Day rule and other possibilities for 2014. The rule simply states that when the main U.S. stock-market indexes show a combined positive return after the first five days of trading, the year as a whole is very likely to be a good one. If the return after the first five days is negative, it’s a coin-toss whether the market will be up or down for the year.
The Big Four Economic Indicators– Doug Short charts the big four economic indicators: Industrial Production, Real Personal Income, Nonfarm Employment, and Real Retail Sales. The overall picture of the US economy remains one of a ploddingly slow recovery from the Great Recession. Nevertheless, the slope of recovery since last July shows some encouraging improvement.
What Is Personal Liability (Umbrella) Insurance And Do I Have It?- Personal liability insurance protects your assets if you injure another person or damage someone else’s property. This article from the AICPA summarizes the reasons to own this type of coverage.
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John R. Day, Bill Ennis, Stephanie Davidson and Matt Heller