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Mid-Month Update

By January 16, 2017September 16th, 2023No Comments

Monday, January 16th-Markets and our Offices Closed

Monday is Martin Luther King Day, and the U.S financial markets will be closed as well as our office.  It is also a banking holiday, so any withdrawals from accounts at the Trust Company of America will be delayed one day.  We will be open on Tuesday morning for business as usual.

Time for Personal Review:

If you have not yet done so, now is a great time to schedule your individual review of both your investment portfolio and risk as well as your personal long term financial plan.  Call us today to reserve the day and time that best fits your schedule for your appointment, either in person or by phone!

The Markets:

The U.S stock indices turned in mixed results last week, but for the calendar year of 2017, they are in positive territory.  The Dow Jones Industrial Average is now up .62% for the first two weeks of January, while the broader based Standard & Poor’s stock index is 1.6% higher than the start of the New Year. (MarketWatch)

Interest rates have eased slightly so far this year, with the yield for the 10 year U.S. Treasury ending at 2.40% compared to 2.45% at the end of 2016. (U.S. Treasury) The national average for a 30-year fixed rate mortgage is now at 3.97%, while the 15 year ended Friday at 3.13%. (

We continue to be pleased with the overall results for client portfolios relative to risk so far in 2017.  Our equity/stock holdings continue to do well after a strong 2017.  We still don’t see any major risk of recession in the near term, and that should continue to bode well for stocks in general in the weeks ahead.  Earnings for the 4th quarter in in full swing, and based on those results, stocks should perform accordingly.  We will keep you advised.

Inauguration Day, a New President and Stocks

Inauguration Day is January 20t, and Donald Trump will be sworn in as the next president of the United States. Utmost on the minds of investors and their portfolios is a simple question, “How might stocks perform under a Trump presidency?”

Historically, since 1929, the median return for the stock market under Democratic presidents has been 27.7% and the median return during Republican administrations has been 27.3%. It’s an insignificant difference. (St. Louis Federal Reserve)

The data suggest that investors look past their personal biases – who they voted for – and emphasize economic performance and corporate profits. 

The post-election rally has been fueled by rising business and consumer confidence tied to expectations of corporate tax reform, regulatory relief, renewed interest in energy production, and infrastructure spending.

Fast-forward to last Wednesday’s press conference by the president-elect. There were few policy specifics. Instead, there was a ramp-up in the populist rhetoric and protectionism that marked the campaign. Moreover, there are new questions as to how Trump and Congress will proceed with corporate tax reform. Not surprisingly, we saw some uncertainty in stocks.

Ultimately, investors will look to the economy and earnings. In the same vein, how Trump frames the debate could also have short-term ramifications.

We truly appreciate the privilege to serve each and every one of you and look forward to working with you in the years to come.

God Bless,

Your TEAM at F.I.G. Financial Advisory Services, Inc.


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All items discussed in this report are for informational purposes only, are not advice of any kind, and are not intended as a solicitation to buy, hold, or sell any securities. Nothing contained herein constitutes tax, legal, insurance, or investment advice.

Stocks and bonds and commodities are not FDIC insured and can fall in value, and any investment information, securities and commodities mentioned in this report may not be suitable for everyone.

U.S. Treasury bonds and Treasury bills are guaranteed by the U.S. government and, if held to maturity, offer a fixed rate of return and guaranteed principal value. U.S. government bonds are issued and guaranteed as to the timely payment of principal and interest by the federal government. Treasury bills are certificates reflecting short-term (less than one year) obligations of the U.S. government.

Past performance is not a guarantee of future performance. Different investments involve different degrees of risk, and there can be no assurance that the future performance of any investment, security, commodity or investment strategy that is referenced will be profitable or be suitable for your portfolio.

The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation.

Before making any investments or making any type of investment decision, please consult with your financial advisor and determine how a security may fit into your investment portfolio, how a decision may affect your financial position and how it may impact your financial goals.

All opinions are subject to change without notice in response to changing market and/or economic conditions.

1 The Dow Jones Industrials Average is an unmanaged index of 30 major companies which cannot be invested into directly.  Past performance does not guarantee future results.

3 The S&P 500 Index is an unmanaged index of 500 larger companies which cannot be invested into directly.  Past performance does not guarantee future results

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F.I.G. Financial
14642 Bogert Pkwy
Oklahoma City, OK 73134

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