http://compassadvisor.com/sites/default/files/default_images/boats-inside.jpg

Compass Financial Advisors

Latest Quotes:

Latest Market News

View from the Observation Deck

Bob Carey, Chief Market Strategist at First Trust Advisors L.P., discusses the latest developments in the market and provides a detailed look at the importance of company earnings this quarter.

Treasury prices rose over the week as the debate about the tapering of bond purchases from the Federal Reserve continued. Treasury prices began the week much lower due to the strong Jobs report the week before. This caused investor to believe that the Fed would scale back bond purchases soon but conflicting comments this week added to the uncertainty. On Wednesday, the Federal Reserve released minutes showing that about half of the members supported tapering later this year, while half supported bond purchases continuing into 2014.

Equities posted strong gains after Ben S. Bernanke, Federal Reserve Chairman, stated that highly accommodative policy is needed for the foreseeable future. The S&P 500 touched record highs during the week, erasing losses since Bernanke first commented the Fed might reduce stimulus if the economy continues to recover. Additionally, markets praised a strong inventory number and shrugged off weak Chinese export data. Alcoa Inc. unofficially kicked off earnings season Monday by beating expectations on strong end market sales to carmakers.

View from the Observation Deck

Bob Carey, Chief Market Strategist at First Trust Advisors L.P., discusses the latest earnings' developments in the market and considers what these earnings might mean for equities in the future.

Treasury prices rose over the week as the debate about the tapering of bond purchases from the Federal Reserve continued. Treasury prices began the week much lower due to the strong Jobs report the week before. This caused investor to believe that the Fed would scale back bond purchases soon but conflicting comments this week added to the uncertainty. On Wednesday, the Federal Reserve released minutes showing that about half of the members supported tapering later this year, while half supported bond purchases continuing into 2014.

Equities posted strong gains after Ben S. Bernanke, Federal Reserve Chairman, stated that highly accommodative policy is needed for the foreseeable future. The S&P 500 touched record highs during the week, erasing losses since Bernanke first commented the Fed might reduce stimulus if the economy continues to recover. Additionally, markets praised a strong inventory number and shrugged off weak Chinese export data. Alcoa Inc. unofficially kicked off earnings season Monday by beating expectations on strong end market sales to carmakers.

View from the Observation Deck

View from the Observation Deck

Markets were closed Thursday for the Independence day holiday but treasuries fell for the week as stronger than expected employment growth increased expectations of the Federal Reserve reducing the size of its asset purchases. The Monday, ISM manufacturing data showed an increase in June, after contracting in May followed Tuesday by the May manufacturer report which showed a slight increase in factory orders. In contrast, China industrial activity continued to decline in June from worries of excess industrial capacity and declining demand.

Pages

Indices

: [ ( ) ]
: [ ( ) ]
: [ ( ) ]
: [ ( ) ]
: [ ( ) ]

Securities offered through Harbour Investments, Inc.,
member FINRA/SIPC. http://www.finra.org/
http://www.sipc.org/about-sipc

Investment Advisory Services offered through
Compass Financial Advisors, LLC,
a registered Advisor. 
Compass Financial Advisors, LLC &
Harbour Investments, Inc.
are separate entities.

Check the background of this firm
on FINRA's Broker Check