March 2016 Video, Monthly Review, Tax Tip By John Kvale

What a different a month (or two) can make. Here is our March 2016, all new…trendy format Monthly Capital Market Review and last minute tax tips, along with a Video for your viewing and listening pleasure. Hope you are enjoying!

 March 2016 Video



Final Reminder Tax Tip

As Moto Moto said in Madagascar, these tips are so good we had to say them twice!

Our favorite tax savings ideas that still work for last year (2015 taxes):

  • Itemize your standard tax deduction
  • HSA- Health Savings Account
  • Fund an IRA
  • Simplified Employee Pension – SEP deduction/contribution against non W-2 income (1099)

Tax Fraud Alert

As noted here, last month we had our first incidence of fraud in February. We are now up to 9.5 so far, as we have one incident that we think was fraud, but could not be proven!

Be sure to keep your guard up!


Economic Update

PMI Manufacturing Index

PMI  (Definition: The ISM manufacturing composite index indicates overall factory sector trends. The relevance of this indicator is enhanced by the fact that it is available very early in the month and is not subject to revision.) Graph from our friends at Econoday.

Less than 50 is contraction, greater than 50 is growth.

3-31-16 PMI from Edonoday

Employment Situation

While there was a small increase in unemployment claims late in March, the overall employment picture, via hiring, as can be seen below, again from our friends at Econoday, remains steady. It is worth noting, these reports can be volatile.

3-31-16 Employement Situation from Econoday

Capital Markets Update

Updated Support and Resistance

This Graph, included in our Newsletter, shows the updated Support and Resistance lines and levels of the current market.

As mentioned in our Yellen Speaks post, after telling capital market participants that slower rate increases were more likely (late 2015 she told the world to expect four increases, now only two) capital markets smartly broke through the lower upper resistance. Now, can we go to new highs ? Maybe …

Never go all in or all out !

3-30-16 S&P Chart

Oil and Market Correlation Chart

For those that think oil does not affect the sentiment and capital markets, look at this chart from Liz Saunders :

3-31-16 S&P Crude correlation

Sorry for the motor mouth/fingers … there were a lot of moves worth noting, especially very near the end of the month !

Have a Great Day!

See you again at the end of April !

John A. Kvale

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
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