Blog Post

Stocks rose this week on hopes that some of the data would cause the Federal Reserve to delay the first rate increase.  The FED announcement following its meeting Wednesday did not give any indication of this.  However, anemic wage growth and a so-so 2nd quarter Gross Domestic Product growth encouraged this thinking.  .

Economic Numbers this week include:

  • The Commerce Department reported:

o   Durable goods orders rose 3.4% in June, better than expectations, after falling 2.1% in May.  The gain was attributed mainly to nondefense aircraft orders which were up 66.1%.  Excluding the transportation sector, durable goods were up 0.8%, the largest monthly increase since August 2014.

o   Second quarter gross domestic product grew at a seasonally adjusted 2.3% annual rate.  Strong consumption and residential investment were the main drivers of the growth. Government spending increased at a 0.8% rate and business spending actually declined at a 0.6% rate.  The first quarter’s GDP was revised from a 0.2% decline to a 0.6% increase.

  • The National Association of Realtors reported that pending home sales fell in June by a seasonally adjusted 1.8% but are still 8.2% higher than a year ago.
  • The US Energy Information Administration reported that domestic crude inventories fell 0.9% in the prior week due to a drop in imports and domestic production.
  • The Labor Department reported:

o   Initial jobless claims in the prior week rose 12,000 to 267,000 coming off a 42 year low.  The four week moving average of claims, designed to smooth weekly fluctuations, fell 3,750 to 274,750.

o   The employment cost index (including wages and benefit costs) rose a seasonally adjusted 0.2% in the second quarter.  Civilian wages and salaries also rose only 0.2%.  Both figures were the lowest on record since recordkeeping began in 1982.


Please call us if you have any questions.


Best Regards,

Loren C. Rex, CFP®, AIF®                                                                               Erik Smith

President                                                                                                           Partner

Generations Financial Planning & Wealth Management


77 E. Michigan Ave, Suite 140

Battle Creek, MI  49017

Tel  269-441-4090

Carrie Fuce, Assistant 269-441-4091

Toll Free: 800-513-8180

Fax  269-441-4093

Visit our Website:



Registered Representative of and securities offered through Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC.  Investment Advisor Representative, Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor.  Cambridge and Generations Financial Planning & Wealth Management are separate companies and are not affiliated.


These are the opinions of Loren Rex and not necessarily those of Cambridge, are for informational purposes only, and should not be construed or acted upon as individualized investment advice.


The information in this email is confidential and is intended solely for the addressee.  If you are not the intended addressee and have received this email in error, please reply to the sender to inform them of this fact.  We cannot accept trade orders through email. Important letters, email, or fax messages should be confirmed by calling (your phone number). This email service may not be monitored every day, or after normal business hours.





If you are serious about planning for your future, we want to meet with you. We ask that you provide us with some basic information so we can assess your needs and schedule a meeting. Please follow the link below to complete our survey.