In 2016 Colton Groome & Company formed a strategic alliance with Horizon Investments. This relationship strengthens the dynamic range of services available to our investment clients. Horizon provides comprehensive investment and practice management solutions to independent financial advisors across the country. With the combined console of our firms, we continue to confidently guide our clients toward their financial goals in an ever-changing market landscape.
For a recent market overview released by Horizon Investments, please continue reading...
Week of August 7, 2017
Global equities continued to crawl slowly higher last week as economic data generally remained robust. In the U.S., for example, new job growth in July was stronger than expected. Meanwhile, German manufacturing orders in June rose more than anticipated.
In addition, earnings season in the U.S. is showing generally strong results. Of the firms in the Russell 1000 index that have reported second-quarter financial results so far:
• 67% have beaten their revenue estimates
• 75% have posted better-than-expected earnings
In the fixed-income markets, global interest rates were largely unchanged this week, while corporate credits continued to perform reasonably well...