Transcript: Hello, I’m Ken Moraif senior advisor at Retirement Planners of America and thank you for watching this video. This is our weekly market update, market alert, and this week we had a very strong week. The S&P was up. The Dow was up, the best month in 6 months, and primarily, the driver behind it all was that the jobs numbers and the economy seems to not growing as rapidly as it was before,
Transcript: Hello, I’m Ken Moraif, Senior Advisor at Retirement Planners of America and this is our weekly video update on the markets and of course this is the last video for the month of May and this has turned out to be the worst May since 2010 for the S&P 500 Index and what’s driving that, of course, is the concerns over trade wars, the issues with China. One of the numbers that came out was China’s manufacturing numbers and they were worse than expected.
Transcript: Hello, I’m Ken Moraif, senior advisor at Retirement Planners of America, and this is our weekly market update.
You may be wondering why the background behind me is not my normal office, and the reason is that I am actually in Lexington, Virginia at my youngest daughter’s graduation from college, and so it’s a very exciting time for our family. In fact, let me show you what I am looking out over as I speak to you.
Transcript: Hello, I’m Ken Moraif and welcome back to our weekly market alert video. We are going to look at data that we got on the economy from this week that just ended. And we got two important data points to discuss. The first one is consumer confidence hit a 15-year high according to the University of Michigan’s Consumer Confidence Index and that’s a good sign because as you know employment right now is at a 50-year high,
Transcript: Well, this is one of those situations where I don’t like making videos that are off schedule because normally what they mean is that something that is not very good has happened and so this is one of those situations. So what’s going on is that as you probably know President Trump said that the Chinese have reneged or are not following through on the deal that they made and so he’s going to raise tariffs.