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Industry News

Stocks Break Another All-Time High. What Is Going On?
According to the Federal Reserve Bank's latest Beige Book, released Wednesday, modest to moderate gains in the U.S. economy is in the months just ahead. "Consumer spending appears to be rising across a majority of Districts," said the U.S. central bank's report, "led by increases in nonauto retail sales and tourism."more >

Stronger Than Expected Jobs Creation But CNBC Reports "Trouble Lurked"
CNBC, the nation's No. 1-rated TV financial channel, reported that the news on jobs was good but ominously added, "Beneath the surface, though, trouble lurked." "The economy added 222,000 in June but wage growth remains muted at just 2.5% annually," according to CNBC. "Even a 4.4% unemployment rate hasn't been able to put pressure on salaries, which are growing at just a 2.5% rate annually." Trouble is, those figures are not real.more >

S&P 500 Returned 2.9% In 2nd Quarter And 9.2% In First Half Of 2017
The first half of 2017 was a fantastic period for U.S. stocks, which are key to growth of capital in broadly diversified portfolios invested for the long run. Stocks posted a 2.9% gain in the second quarter of 2017 following a 6.1% gain in the first quarter. This followed a return of 3.8% in the fourth quarter of 2016, 3.9% in the third quarter of 2016, and 2.5% in the quarter before that.more >

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