Today’s stock valuations tell us what to expect in the future. That’s according to Russ Koesterich, Chief Investment Officer at BlackRock. Another clue to future returns can be found in the Leading Economic Index, which has predicted every recession in the last sixty years. Doug Short analyzes the latest report, which is now online. While everyone agrees on the importance of having a will, not many realize the need to include instructions for accessing digital assets. Not having a digital will these days is like not having a will at all, as the AICPA explains.

What Do Today’s Stock Prices Imply For Future Returns?- The bull market is approaching its seventh anniversary next March.  Russ Koesterich, Chief Investment Officer at BlackRock, believes that although U.S. stocks are perfectly capable of turning in a stellar year or so, investors should expect significantly lower U.S. returns in the next three to five years than they have seen over the past six. At the very least, today’s valuations suggest a multi-year period of subpar U.S. returns and that investors should proceed with caution. Read more…

Why We Should Follow The Leading Economic Index. –  One reason is that it’s predicted every recession in the last 60 years. The latest LEI is out and “Despite September’s decline, the U.S. LEI still suggests economic expansion will continue, although at a moderate pace,” said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. “The recent weakness in stock markets, the manufacturing sector and housing permits was offset by gains in financial indicators, and to a lesser extent improvements in consumer expectations and initial claims for unemployment insurance. The U.S. economy is on track for moderate growth of about 2.5 percent in the coming quarters, despite the mixed global economic landscape.”  Read more…

Digital Estate Planning: More Than A Lifeline–  Make sure your will includes specific directions that provide designees access to your digital files. Otherwise  your wishes may not be carried out.  This article in AICPA Insights explains. Read more…

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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.