Mottek On Money

Renewed optimism over trade talks between the U.S. and China sends stocks higher. The market rally of 2019 also gets a boost on the spending deal in Washington heading off another federal government shutdown. Economists are skeptical about the latest retail sales report for December showing the worst sales since 2009. LA business leaders set to gather for the LAEDC economic forecast event. There's new interest in Modernism style. Mortgage rates hit the lowest in more than a year. What you need to know before you put your taxes together for 2018. Gregg Wind, CPA, former President California Society of CPA's, LA Chapter, gives us a preview.

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Renewed concerns about U.S. China trade weigh on financial markets. A late turn around sends major averages slightly higher for the week. The 2019 rally continues. Southern California home prices level off and sales drop as affordability continues to be the #1 issue for home buyers. Dr. Frank Nothaft, Chief Economist, Corelogic talks real estate. The Latino Coalition set to unveil new tools for small business. Los Angeles Mayor Eric Garcetti talks about the return of the Grammy's to L.A. and the business outlook for 2019 ahead of the LAEDC's economic forecast event.  A top Cedars Sinai heart doctor says money troubles can lead to heart troubles - a subject addressed at the annual Dr. Sheila Kar Health Foundation Valentines event in Beverly Hills. 

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Stocks rack up best January gains since 1987 after worst December since 1931. The Fed fuels latest rally after it's first policy setting meeting of 2019. Mohamed El-Erian, Chief Economic Advisor, Allianz, now predicts no Fed rate hikes this year. The ongoing crisis in Venezuela fuels nervousness in the energy markets. MarketWatch columnist Mark Hulbert discusses the January indicator and Wall Street Super Bowl indicator. Chairman of City National Bank Russell Goldsmith discusses recent Economic and Investment Forum.

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Stocks surge during the just ended 35 day federal government shutdown. Markets have rallied so far in 2019 on the latest earnings news, signals from the Fed and movement on US China trade talks. Economist Dr. Arthur Laffer sees good economic and market times ahead after receiving the inaugural Paul Kangas Innovation Award. Mortgage rates hover near nine month lows. Nervous time in gas and oil markets as a political crisis unfolds in Venezuela. A silicon beach startup makes it possible to get wellness treatments including IV therapy via consumer smartphones. 

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So now it's the best start to a new year since 1987 after the worst year for the market since 2008. The latest reports on possible dramatic breakthroughs on US China trade fueled the latest rally. A year after the recreational use of cannabis was legalized in California a giant in the industry discusses the business and unresolved issues. California home sales slide in 2018 to post the first annual drop in four years as affordability continues to be the big issue. L.A. based SRAX has come with a new app called BIGToken allowing consumers to claim and monetize their own data sold to marketers.

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