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Weekly Market Wrap | Christian Financial Advisors

In the U.S. this week the ISM manufacturing numbers show further weakening in manufacturing. The ISM Manufacturing Index falling 3.8 points to 49.7. Anything blow 50 is a concern! More troubling was the fact that new orders plunged 12.3 points to 47.8. This was the biggest drop since October 2001. We also saw overseas weakness in export orders—they were down 6 to 47.5.

Weekly Market Report | Christian Financial AdvisorSo the question is could we see another recession. Manufacturing has hit a rough patch and the service sector is also slowing. The ISM Non-Manufacturing Index fell from 53.7 in May to 52.1 June, the lowest reading since January 2010. It is still above the magic number of 50 but the trend is not favorable. Particularly concerning are the retail numbers: Some of the major retailers like Target (TGT), Macy’s (M) and Costco (COST) are seeing their sales stumble a bit. Other discretionary lines of business like clothing, restaurants, and jewelry are starting to see disappointing results.

Some good news is that construction spending is up an improvement in housing. So housing stocks could see a bit of a lift along with REITs. Construction spending rose 0.9%, including a 3.0% rise in residential spending. Construction spending will lend support to sagging GDP.

The unemployment numbers remain elevated but appear to be stabilizing, which suggests growth may in progress even if it’s at a snail’s pace.

Around the globe we continue to see major easing by the Central banks. The European Central Bank cuts its key rate by 25bp to a record low of 0.75% – this was no surprise. The Bank of England up their Quantitative Easing which also wasn’t a surprise considering the UK’s continued recession. The biggest surprise was the People’s Bank of China cut its key rate 25bp to 3% and its one-year lending rate by 31bp to 6%. The move suggests China is growing increasingly worried about its economy.

In light of no real progress in the global debt crisis I am still drawn to telecom, utilities, health care, and consumer staples – things people buy even in the toughest of times. Consumers won’t shut off the heat and electricity, won’t stop eating food and buying the necessities, they won’t skimp on the prescriptions, and will continue with their love of smartphones and cell phone services. I don’t want to sound like a broken record but remain defensive, look for companies with strong dividends. We are focusing on companies who pay at least a 3% dividend so we can get paid cash flow while we wait for capital appreciation. This growth and income strategy is perfect for this choppy market.

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Are you tired of the volatility? On this week’s show, we discuss how to create a lifetime income stream in retirement with a fixed annuity.

Many advisors seem to be neglect one important fact: It’s your money and not your advisor’s money. Building a solid portfolio with quality companies, gold, silver, and other commodities is a great idea regardless of the faith-based screening we do. If your advisor isn’t willing to listen to your requests, I would start interviewing an advisor who is in line with your beliefs and willing to listen to you.

An all too common retirement planning mistake is going it alone. This usually results in missed investment opportunities, sloppy planning, and lax savings schedules. Enlisting the help of a financial planner is a smart move at any age to avoid retirement planning pitfalls.

Petrodollar Warfare -  Why The U.S. Economy Requires Perpetual War

Listen as Jerry Robinson explains why the Petrodollar system has created a need for perpetual war by the United States. This is an eye-opening radio show! Don’t miss it!

The Medicare open enrollment period is now here and this is the time during which people with Medicare can make new choices and pick plans that work best for them. Here’s four questions to be asking now.

FTMWeekly Financial Radio Show: Managing God's Money - An Interview with Randy Alcorn

This Week’s Topic: Managing God’s Money. This week’s special guest interview: Randy Alcorn. Follow the Money Weekly Radio is a financial radio show about the stock markets, commodities, energy investing, the global financial crisis, how to prepare for the coming hyperinflation, where to invest money, how to buy gold, how to buy silver, saving money, finding a financial advisor, and paying off debt. Hosted by economist and best-selling author, Jerry Robinson. For the best in financial news, listen to the Follow the Money Weekly Financial Radio Show.

An Interview with Robert Wiedemer on his book Aftershock + An Update on Egypt

The latest news on the post-Mubarak Egypt, plus an interview with Robert Wiedemer, the author of the book Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown

FTMWeekly Financial Radio Show: The Battle for Egypt - An Interview with L.A. Marzulli

This Week’s Topic: The Battle for Egypt. This week’s special guest interview: L.A. Marzulli. Follow the Money Weekly Radio is a financial radio show about the stock markets, commodities, energy investing, the global financial crisis, where to invest money, where to buy gold and silver, saving money, finding a financial advisor, and paying off debt. Hosted by economist and best-selling author, Jerry Robinson. For the best in financial news, listen to the Follow the Money Weekly Financial Radio Show.

Did you know that most people believe that they are adequately insured against disability because they think they have coverage through their employer or through the government. That’s probably why 80 percent of Americans don’t own private disability income insurance.

The Pirates of Manhattan: Exposing Wall Street

Listen as author Barry James Dyke explains the corruption on Wall Street and his latest book, The Pirates of Manhattan.

Today let’s focus on State Death Taxes and Federal Income Taxes. States impose their own death taxes. You should be aware of what the death tax laws are in your state and how they may affect your estate.

If I were to ask you, What is your greatest asset?  Most people would say their home or their 401(k) or their IRA.  The truth is, during a person’s working years their greatest asset is their ability to earn an income.  So today I would like to focus on the importance of disability income insurance.

FTMWeekly Financial Radio Show: The Retirement Timebomb - An Interview with John Bearss - Christian Financial Advisor Network - Financial News Radio

This Week’s Topic: The Retirement Timebomb, What You Should Know. This week’s special guest interview: John Bearss. Follow the Money Weekly Radio is a financial radio show about the stock markets, commodities, energy investing, the global financial crisis, how to prepare for the coming hyperinflation, where to invest money, how to buy gold, how to buy silver, saving money, finding a financial advisor, and paying off debt. Hosted by economist and best-selling author, Jerry Robinson. For the best in financial news, listen to the Follow the Money Weekly Financial Radio Show.