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Samuel D. Dickinson, CWA®
Senior Vice President
Financial Consultant
sdickinson@hilliard.com

102 East Wayne Street
Glasgow, KY 42141
1 (800) 714-2663
(270) 651-2663

Welcome to Hilliard Lyons

When it comes to creating and preserving wealth, as well as boosting income, today's investors aren't just looking for investment vehicles and services; they're looking for a personal understanding of their financial needs and goals.

As your Financial Consultant, I look forward to helping you get where you want to be. It's my top priority to meet the unique objectives and financial goals of individuals and families like yours. Let's work together to find the investment strategy that's right for you. I am dedicated to finding your appropriate investment strategy while providing excellent, personalized service.

Hilliard Lyons understands that as your personal life changes, so does your financial life so we focus on formulating a personalized strategy appropriate to your needs. I invite you to call or email me today to find out how I can help you.

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    The Federal Open Market Committee (FOMC) adjusts interest rates to help keep inflation near a 2% target. The FOMC's preferred measure of inflation
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Daily Market Comment

Daily Market Recap -


Updated Each Business Day at Approximately 4:30 pm ET.



The major indices moved higher today with the Dow, S&P 500, and the NASDAQ all closing up on the day. In economic news, housing starts slowed 4.8% from June¿s pace to a 1.16 million seasonally adjusted annual rate. Housing permits were also 4.1% lower than June¿s level, at a 1.22 million seasonally adjusted annual rate. Sweet crude for October delivery closed down 1.6% at $46.94 per barrel.

The Dow Jones Industrials rose 26 points to close at 22,025. The S&P 500 was up 4 points at 2,468. The NASDAQ advanced 12 points to finish the day at 6,345 as the small caps of the Russell 2000 were down 1 point at 1,382. Dow Transports were up 6 points at 9,377, while the Dow Utility Index advanced 2 points to 740.

Trading volume totaled 731 million shares on the New York Stock Exchange while 424 million were exchanged on the NASDAQ. There were 3 stocks higher for every 2 lower on the New York Stock Exchange and slightly more than 5 stocks advancing for every 4 declining on the NASDAQ. U.S. Treasury securities moved higher today with the 5-, 10-, and 30-year yields closing down at 1.79%, 2.24%, and 2.82%, respectively.

Clients with questions concerning this Afternoon Comment are advised to contact Tyler Agee at: 1-800-444-1854 x8686 or (502) 588-8686. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738.

On Friday the "fear gauge" known as the CBOE Volatility Index crept to its highest level since Election Day, but investors shrugged off some of their geopolitical jitters and helped US markets into the green. Snap Inc., which owns Snapchat, was off 14 percent after yesterday's quarterly earnings miss. JC Penny shed 4 percent on a weaker than expected second quarterly. Nordstrom Inc. was mostly flat despite besting the street with Q2 results.

The Dow Jones Industrial Average rose 14 points to 21,861 (-1.1 percent for the week), the NASDAQ gained 40 points at 6257 (-1.5 percent for the week), and the S&P 500 was up 3 points at 2441 (-1.4 percent for the week). Dow Transports jumped 79 points to 9199, while the Dow Jones Utility Index lost 4 points at 730. Russell 2000 small caps ended at 1374, up a point. 792 million and 457 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Advancers outnumbered decliners 15 to 13 on both the NYSE and NASDAQ.

Geopolitical tensions sent Gold for December up 0.3 percent at $1294 per ounce. For the week gold futures rose 2.3 percent. The US dollar was weaker versus major rivals after consumer price index numbers were announced. The CPI gained 1.7 percent "on the year" compared to June's 1.6 percent and economist expectations of 1.8 percent. Excluding energy and food, core inflation was equal to June's read and estimates at 1.7 percent. September WTI crude settled at $48.82 per barrel, up 0.5 for the day but down about 1.5 percent for the week. Recent US treasury yields: 1.3 percent for the 2-year note, 1.7 percent for the 5-year note, 2.2 percent for the 10-year note, and 2.8 percent for the 30-year bond.

-- Clients with questions concerning this Afternoon Comment are advised to contact Amanda Collier at 1-800-444-1854 x8820 or (502) 588-8820. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738. --

The CBOE Volatility Index, otherwise known as the "fear index," rose roughly 42 percent higher on Thursday, as investors worries regarding US/North Korea relations continued to increase. US markets were broadly lower. Dow 30 components Apple and Goldman Sachs led on the downside, off 3 and 2.3 percent, respectively. Better than expected quarterly results didn't help Blue Apron or Kohl's: APRN shares were off 17.6 percent, and KSS shares slid 5.8 percent. Despite Q2 results that beat the street Macy's guidance remained somewhat glum, and shares fell 10.3 percent. Shares of Perrigo Co., on the other hand, gained 15.7 percent on street-estimate-topping earnings for Q2.

The Dow Jones Industrial Average shed 203 points to 21,845, the S&P 500 lost 35 points at 2,438, and the NASDAQ Comp fell 135 points to 6,216. Dow Transports slumped 115 points at 9119, while the Dow Jones Utility Index added almost 2 points at 734. Russell 2000 small caps ended at 1373, off 23 points. 859 million and 544 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Decliners outpaced advancers 6 to 1 on the NYSE and 4 to 1 on the NASDAQ.

Geopolitical concerns and investors seemingly watchful ahead of tomorrow's inflation data sent the US dollar lower versus major rivals. Gold futures inversely rose, with Gold for December up 0.8 percent to settle at $1290.10 per ounce. An OPEC report revealed the group's members had rising production in July, and oil prices fell; September WTI crude lost 2 percent, settling at $48.59 per barrel. Recent US treasury yields: 1.3 percent for the 2-year note, 1.8 percent for the 5-year note, 2.2 percent for the 10-year note, and 2.8 percent for the 30-year bond.

-- Clients with questions concerning this Afternoon Comment are advised to contact Amanda Collier at 1-800-444-1854 x8820 or (502) 588-8820. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738. --
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 Securities and Advisory Services offered by J. J. B. Hilliard, W.L. Lyons, LLC, A Registered Broker Dealer and Investment Advisor, Member NYSE / FINRA / SIPC. Trust Services are offered through Hilliard Lyons Trust Company, LLC, an affiliate of J. J. B. Hilliard, W.L. Lyons, LLC. Hilliard Lyons does not offer legal, accounting or tax advice. You should consult your own tax or legal counsel prior to making any decision that may affect your tax or legal situation. To understand how Hilliard Lyons is compensated for its services, please click here.

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