The stock market has been relatively calm lately, but investors should prepare for a change in the near future. Liz Ann Sonders of Schwab discusses the “calm between the storms” in her recent analysis. In deciding how to handle their portfolios, can investors count on the advice of financial advisors? It depends on whether their advisor is a fiduciary. Unfortunately, those who are not fiduciaries may have a vested interest in recommending certain investments. Ilan Moscovitz explains the difference. If you’re flying somewhere this summer, you may want to rethink your airline miles strategy. Reuters reports on the changes in airline miles programs.

The Calm Between The Storms–  The US stock market continues to trade in a very narrow range, with trading volumes slowing down in the summer vacation season.  Liz Ann Sonders, Chief Investment Officer at Charles Schwab & Co., and her team expect the markets to break out of this trading range ultimately at a higher level. But given the market’s recent technical deterioration, a correction is possible. Their recommendation is to remain globally diversified and patient. Read more…

Investors Expect Advice In Their Best Interest, But That’s Not Always The Case– Many investors — even sophisticated ones — assume their financial advisors are giving them advice that’s in their best interest, but that’s not always the case, writes Ilan Moscovitz.  Many advisors — so-called non-fiduciaries — don’t have to your best interests when dispensing advice. What’s more, they often earn the bulk of their income from the very funds they recommend you buy. Read more…

Rethinking Airline Points Strategy– Earning and using airline miles used to be simple. Fly 25,000 miles and earn a free flight. It is not so simple anymore. The process of redeeming miles is changing in a way that makes it more difficult for all but elite flyers to earn rewards. The article explains some of the changes. Read more…

We hope you enjoy reading these articles along with us and that you find them informative.  Please forward this to your friends and family.

John R. Day, Bill Ennis, Stephanie Davidson and Matt Heller

Disclosure – The articles mentioned in Mid Week with Day & Ennis are for information and educational purposes only. They represent a sample of the numerous articles that the firm reads each week to stay current on financial and economic topics. The articles are linked to websites separate from the Day & Ennis website. The opinions expressed in these articles are the opinions of the author and not Day & Ennis. This is not an offer to buy or sell any security. Day & Ennis is under no obligation to update any of the information in these articles. We cannot attest to the accuracy of the data in the articles.