The Office of Heath O. Lauseng is a comprehensive legal and wealth management firm. We also provide mediation services for civil litigation and family law.
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Great News from our friends over at Greenberg Financial Group!
Best January for stocks in 32 years!
The December 9.2% meltdown, the worst December in nearly 100 years, was ignited by concerns about rising interest rates and China trade throwing the global economy into recession. We would expect some rebound after such a dramatic decline, but January turned out to be the best month for stocks since October 2011. During the month we saw interest rates continue to decline as the Federal Reserve backed away from their aggressive rate increase program and trade negotiations with China seem to be suggesting a deal with China is not only possible, but likely. If we are not at risk of going into a global recession in the near future, the selling in December needed to be reversed. During the month we also saw about 50% of the companies in the S&P 500 report quarterly earnings and the results were generally better than lowered expectations. At month end the Dow and NASDAQ had traded higher every week this month and the S&P 500 had gained 7.9%, its best January performance in 32 years!
The month began with market leader Apple lowering their revenue guidance, which sent those widely owned shares down 10%, its biggest one-day loss in 6 years. Apple is a component in several of the major indices, so the overall market closed sharply lower in sympathy. On the 4th we learned that a better than expected 312,000 new jobs were created in December but, more importantly, the Federal Reserve changed their approach and said they will go slow with interest rate increases and will actually watch the economy. That is an important change in policy that sent the market sharply higher. At the end of the first 3 days of trading the S&P 500 was up .9%. The first full week of the month saw increasing optimism about China trade push the market higher early in the week, before some selling on concern about the government shutdown at week’s end. The S&P 500 closed the week with a 2.5% gain. The second full week of the month was the best of the month with the market moving higher 4 of the 5 days. We continued to hear optimistic comments about a China trade agreement and we started to see the first quarterly earnings reports. On Tuesday the Brexit vote in England, something that would have sent the market sharply lower in December, was shrugged off in favor of China trade. At the end of the week there was a report the U.S. was willing to ease tariffs on China during the negotiations and China offered a plan to boost imports. At the end of the week the S&P 500 had gained another 2.9%. The 3rd full week was shortened by the MLK holiday and began with a report that China’s Q4 GDP showed the lowest growth in 28 years, a direct result of the ongoing trade war. We started to see earnings reports from a few of the multi-national companies and, despite concerns about a slowing global economy, the reports were mostly in line with expectations. At the end of the week Commerce Secretary Ross said, “the U.S. and China are miles and miles from a trade agreement”, but a deal to reopen the government had the S&P 500 close the week little changed. This week we saw 30% of the companies in the S&P 500 report quarterly results, the busiest week for earnings reports this quarter, and they were generally better than expectations. Market leader Apple was a notable winner as their sales and earnings, while not exceptional, were much better than many had feared sending those shares and the overall market nicely higher. The S&P 500 ended the 4-day session up another 1.5%.
February is the only month that has an average return over the last 90 years of 0. During the month we are going to see the remaining 50% of companies in the S&P 500 report Q4 earnings, but the focus is likely to continue to be on a trade agreement with China. We do have the possibility of another government shutdown mid-month and, if that can be avoided, we believe the market will greet the news favorably. The market appears to want to go higher as money managers are fearful of being out of the market if there is a trade agreement with China. Concerns about rising rates appear to have been placed on the back burner by recent Fed comments and economic numbers are pointing towards continued growth.
The upside catalysts are earnings, lower interest rates and a trade agreement with China, so money managers continue to buy the dips. The biggest risks to the market would be some disruption of the trade negotiations with China or a long-term government shutdown.
If you know someone who would be interested in learning more about Greenberg Financial Group, or who is retired or thinking about retiring, or would simply like us to review their current portfolio, please contact us at 520-544-4909, or visit our website at www.greenbergfinancial.com. In addition, the firm is conducting a number of workshops. You can find the schedules and topics for these seminars by clicking the Upcoming Events tab on our website. Please call our office to reserve a spot.
As always, the key to successful investing is to have a portfolio that is consistent with your investment objectives and risk tolerance. We invite you to listen to our weekly Money Matters radio show which airs every Sunday Morning from 8:00 AM to 10:00 AM on KNST AM 790. You can also follow us on Twitter @gbergfinancial or on Facebook under Greenberg Financial Group.
We are looking to expand our firm! If you know of a quality attorney that would like to join our team, please let us know! Housing on Padre Island inclusion is an optional build into the salary package.
moneyandthelaw.com Heath Lauseng Attorney Financial Planner Mediator in Port Aransas, Padre Island, Corpus Christi TX Lawyer, Mediation, Investing
Join us in sharing our Holiday Spirit! We are inviting our clients to bring an unwrapped toy or gift card to place under our Office Christmas Tree between now and December 20th. We will direct all of the toys to local families in need.
As always we appreciate and are so proud to have so many clients with such generous hearts! Merry Christmas and Happy Hanukkah! 🎄❤️
Wishing you a Happy Thanksgiving- We will re-open on Monday!
[10/31/18] Wishing you all a safe and happy Halloween evening! Enjoy yourselves, and if you drink, please don't drive- call a cab or an Uber!
[10/26/18] Stop By The Office Today Between 11am & 3pm for a FREE Trick or Treat Pail and goodies! 🎃
We are celebrating Halloween by providing all the students at Seashore Early Childhood Academy with Trick or Treat pails full of goodies and safety tips! 🕷 Pails will be delivered today!
Have a child that isn’t enrolled at SECA? Stop by our office at 14633 S Padre Island Drive, or visit with Guild Mortgage Company in the front suite of our building and pick one up for your kiddo! 🎃Bring your SECA student along to Trick or Treat! 🍭
Have a Spooktacular Halloween! Have fun and be safe!
**Sponsored by Heath O Lauseng, Shelly Maldonado-Guild Mortgage, and Penn Thomas CPA**
The Office of Heath Lauseng
[08/30/18] Have you updated your Estate Documents since the last major event in your life?
We have also revamped our website. Head on over to www.moneyandthelaw.com and take a look!
My name is Heath O. Lauseng and I am the proprietor of The Office of Heath O. Lauseng. I am a CERTIFIED FINANCIAL PLANNER (TM) professional and a member of the Texas Bar.
My educational background includes a Bachelor of Arts degree in Political Science (Summa Cum Laude) from the University of Arizona (2006), a Master of Science degree in Personal Financial Planning from the University of Missouri-Columbia (2010), and a Juris Doctor degree from the University of Missouri-Columbia (2010).
I have served as an arbitrator for the Financial Regulatory Authority (FINRA). Prior to pursuing my Law Degree, I spent 9 years at Greenberg Financial Group, a Tucson, Arizona broker/dealer and registered Investment Advisor serving as a Registered Principal, CFO, and CCO. During my tenure with Greenberg Financial Group I held the following security and insurance licenses: Series 4 Registered Options Principal, Series 7 General Securities Representative, Series 24 General Securities Principal, Series 27 Financial and Operations Principal, Series 63 Uniform Securities Agent State Law Examination, Series 65 Uniform Investment Advisor Law Examination and Arizona Insurance License for Life, Health, and Disability.
My Background includes a year at Prudential Preferred Financial Services as a Registered Representative. In addition, I was an instructor at the University of Missouri, teaching both undergraduate and graduate level courses for the Department of Personal Financial Planning.
As a CERTIFIED FINANCIAL PLANNER (TM) or CFP (R), I have taken extensive exams in financial planning, taxes, insurance, estate planning, and retirement. As a CFP(R) professional, I am also required to complete continuing education programs each year to maintain my certification status and demonstrate my continuing commitment to the profession.
My unique qualifications allow me to navigate difficult business formations, entity dissolutions, real property transactions, family law matters, and civil mediations seamlessly. I am able to couple my extensive financial and legal experience to benefit my clients in all areas of their personal and professional legal and wealth management needs and provide comprehensive, complete, expert advisement.
I married my wife Susan in 1999 and we share a beautiful daughter, Calligraphy. I am actively engaged in the communities of both Port Aransas and Padre Island. I look forward to helping you live your "Island Life" in the best way possible.
Money and the Law
The Office of Heath O. Lauseng is a comprehensive legal and wealth management firm committed to advising and providing personal and professional legal and financial planning services. Heath, as both a practicing attorney and a CERTIFIED FINANCIAL PLANNER™ certificant, has the flexibility to merge the practice of law and the rendering of financial advice in a single firm, thereby allowing clients to both create and execute their financial plans in a cost and time effective manner.
Our mission is to fully comprehend our clients' financial and legal goals and values, and to help them accomplish their goals with personalized services designed to grow, protect, and conserve our clients' wealth.
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