Weekly Market Commentary

WEEK OF NOVEMBER 28

The Markets

Last week, investors weighed positive comments about a Phase 1 trade agreement from President Trump and President Xi against the Federal Communications Commission’s vote to label Chinese telecom giants Huawei and ZTE as national security risks. The three major indexes closed higher Friday but fell for the week. The Dow snapped a four-week winning streak; the S&P broke six weeks of gains, and the NASDAQ ended a seven-week advance. For the week, the Dow fell 0.41 percent to close at 27,875.62. The S&P lost 0.29 percent to finish at 3,110.29, and the NASDAQ dropped 0.25 percent to end the week at 8,519.88.

Returns Though 11/221 weekYTD1 Year3 Year5 Year
Dow Jones Industrials[TR]-0.4122.1316.7316.2812.07
NASDAQ Composite[PR]-0.2528.4022.1916.5112.57
S&P 500[TR]-0.2926.3319.7814.4410.80
Barclays US Agg|Bond[TR]-0.258.6310.814.023.16
MSCI EAFE[TR]-0.5817.5712.869.534.25

Source: Morningstar.com. *Past performance is no guarantee of future results. Indexes are unmanaged and cannot be invested into directly. Three- and five-year returns are annualized. The Dow Jones Industrials, MSCI EAFE, Barclays US Agg Bond and S&P, excluding “1 Week” returns, are based on total return, which is a reflection of return to an investor by reinvesting dividends after the deduction of withholding tax. The NASDAQ is based on price return, which is the capital appreciation of the portfolio, excluding income generated by the assets in the portfolio in the form of interest and dividends. (TR) indicates total return. (PR) ndicates price return. MSCI EAFE returns stated in U.S. dollars.

Small Group, Big Number

Just 6 percent of the 45 million Americans who have student loans hold 33 percent of the nation’s $1.50 trillion of
outstanding student loans. This group comprises borrowers with at least $100,000 of outstanding student loan debt
(source: Brookings Institute, BTN Research).

Households

Of the 123 million households in the United States as of Sept. 30, 2019, an estimated 30 million are homeowners with
no mortgage, 50 million are homeowners with a mortgage and 43 million are renters (source: Census Bureau, BTN
Research).

A Slowdown

90 percent of the world’s economies are projected to grow more slowly in calendar year 2019 than they did in calendar
year 2018. The U.S. economy grew by 2.9 percent in 2018 and to date has grown by an annualized 2.3 percent in 2019
(source: International Monetary Fund, BTN Research).

Update Your Computer or Device

It’s critical to ensure you are running the latest antivirus software. Out of date software can give cyber thieves an open door to your personal data. There are many antivirus packages available, so do some comparison shopping before
downloading one. While you’re updating your software, be sure you’re running the latest version of your browser to
ensure it has the most current security patches.

Look for the “S”

Make sure you’re shopping on a secure website by looking for a URL that starts with “https.” If a retailer’s site doesn’t
have the “s” on the end, it isn’t a secure site, and it’s best to find another retailer.

Weekly Focus – Precautions for Safe Online Shopping

Do Not Save Credit Card Info to Accounts

Retailers often offer to save your credit card info, so you don’t have to enter it each time you make a purchase. But this
convenience can also make that information more susceptible to theft.r.

Avoid Unfamiliar Retailers

Always shop with known reputable retailers. No matter how good an offer seems, if you haven’t heard of the vendor, it’s
best to shop elsewhere or at least check customer reviews and other consumer feedback regarding the company and its
products.

Don’t Use Public Wi-Fi

It may be tempting to shop while sipping a peppermint latte at your favorite coffee shop. But logging on to public wi-fi
can open your personal information to hackers lurking on the same network. If you must use public wi-fi, consider
installing a virtual private network to encrypt the data on your smartphone, tablet or laptop.

Read the Privacy Policy

If you are uncertain about how a company uses and secures your credit card and other personal information, carefully
read its privacy policy found on its website or request that they send it to you.

To learn more ways to protect your personal information during the holiday season and all year long, give us a call today.

*The Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general. The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. NASDAQ Composite Index is an unmanaged, market-weighted index of all over-the-counter common stocks traded on the National Association of Securities Dealers Automated Quotation System. The Morgan Stanley Capital International Europe, Australia and Far East Index (MSCI EAFE Index) is a widely recognized benchmark of non-U.S. stock markets. It is an unmanaged index composed of a sample of companies representative of the market structure of 20 European and Pacific Basin countries and includes reinvestment of all dividends. Barclays Capital Aggregate Bond Index is an unmanaged index comprised of U.S. investment-grade, fixed-rate bond market securities, including government, government agency, corporate and mortgage-backed securities between one and 10 years. Written by Securities America, Copyright November 2019. All rights reserved. Securities offered through Securities America, Inc., Member FINRA/SIPC. SAI#2844599.1