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John M. McIntosh, CFP®,CRPC®
Senior Vice President
Financial Consultant


300 West Vine Street
Suite 1100
Lexington, KY 40507

859/514-6417

Services

Building and Preserving Wealth
You have financial goals you want to achieve. Creating an executable plan is the first step to achieving these goals. By clearly understanding your goals and working closely with you, I can create a financial plan to help you pursue your goals.

Portfolio Management
You have taken many important steps to create your investment portfolio. World events, economic issues and personal challenges can affect the status of your portfolio. My goal is to help protect your assets through periodic portfolio analysis. Portfolio management is an important step in preserving your wealth.

Retirement Planning
What does a comfortable retirement mean to you? Traveling to far-flung destinations? Buying a vacation home? Building a comfortable nest egg is the key to an enjoyable retirement. I can guide you toward your retirement financial goals through prudent planning and disciplined investing.

Insurance
Peace of mind is a valuable commodity. Protecting your family and your assets from unforeseen harm is a precautionary step that cannot be avoided. Learn how today's insurance products can help protect your most valuable assets.

Trusts and Estate Planning
Interested in leaving a legacy for your heirs? Through our affiliate, the Hilliard Lyons Trust Company, LLC, we can provide trust and estate planning services to protect your assets and minimize costs to your beneficiaries. Ask us how to take advantage of these services to improve your planning needs.

Funding for Higher Education
College costs are continually on the rise. Today's tuition rates will pale in comparison to future costs. Plan today to ensure your children's educational future is well funded.

Daily Market Comment

Daily Market Recap -


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



A tax bill expected to lead to corporate tax cuts was passed by the House of Representatives today and investors reacted positively to the news, sending US markets higher. The Dow Jones Industrial Average was also helped by better than expected earnings results from components Wal-Mart Stores and Cisco Systems, which closed up 10.9 and 5.2 percent, respectively. Earnings season continued elsewhere: JM Smucker and NetApp also bested street expectations with their quarterly results, and shares rose 9.6 and 15.9 percent, respectively.

The DJIA rallied 187.08 points to 23458.36, the S&P 500 added 21.02 points at 2585.64, and the NASDAQ Comp gained 87.08 points to 6793.29. Dow Transports jumped 152.22 points at 9593.09, the Dow Jones Utility Index lost 3.03 points at 764.19, and the Russell 2000 small caps ended the session 22.71 points higher at 1486.81. 776 million and 501 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Advancers outnumbered decliners on the NYSE 3 to 1 and on the NASDAQ 11 to 4.

Increasing US crude supplies and domestic production and an outlook for decreased global demand weighed on oil prices, with December WTI crude down 0.3 percent, settling at $55.14 per barrel. The US dollar was slightly stronger versus major rivals after the House of Representative's tax bill passing. Gold for December delivery edged up to settle at $1278.20 per ounce. US treasury yields increased. Recent yields: 1.71 percent for the 2-year note, 2.07 percent for the 5-year note, 2.37 percent for the 10-year note, and 2.82 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. --

On Wednesday Lower oil prices helped lead US markets into the red for another session. The US Energy Information Administration said supplies of domestic crude (for the week ended November 10th) increased a larger than expected 1.9 million barrels. Today December WTI crude fell 0.7 percent, settling at $55.33 per barrel. Investors also considered October's retail sales, which were up only 0.2 percent, compared to September's +1.9 percent; the rise for last month still beat forecasts, however. The Labor Dept. reported the consumer price index for October met expectations, ticking up 0.1 percent and constrained by lower prices for energy. Core CPI, less energy and food, gained 0.2 percent.

The DJIA slid 138.19 points at 23271.28, the S&P 500 was off 14.25 points at 2564.62, and the NASDAQ Comp declined 31.66 points to 6706.21. Dow Transports skidded 48.31 points at 9440.87, the Dow Jones Utility Index lost 7.25 points at 767.22, and the Russell 2000 small caps ended the session 14.25 points lower at 1463.97. 850 million and 491 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Decliners outpaced advancers on the NYSE 9 to 5 and on the NASDAQ 3 to 2.

The US dollar ended mostly unchanged versus major rivals. Gold for December delivery slumped 0.4 percent to settle at $1277.70 per ounce. US treasury yields decreased. Recent yields: 1.68 percent for the 2-year note, 2.03 percent for the 5-year note, 2.32 percent for the 10-year note, and 2.76 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 major indices hit a slump today as the NASDAQ, S&P 500 and the Dow all closed in the red. In economic news, the producer price index (PPI) jumped 0.4% in October according to the Labor Department, which was well above forecasts of 0.1%. The 12 month rate of wholesale inflation now sits at 2.8%, its highest since February 2012; core inflation (excl. food and energy) was also up 0.2% in October. Sweet crude for January delivery closed down 1.90% at $55.89 per barrel.

The Dow Jones Industrials decreased 32 points to close at 23,411. The S&P 500 was down 6 points at 2,579. The NASDAQ declined by 20 points to finish the day at 6,737 as the small caps of the Russell 2000 were also down by 4 points at 1,471. Dow Transports were down 30 points to 9,490, while the Dow Utility Index was up 9 points at 774.

Trading volume totaled 842 million shares on the New York Stock Exchange while 492 million were exchanged on the NASDAQ. There were slightly less than 3 stocks lower for every 2 higher on the New York Stock Exchange and slightly more than 7 stocks lower for every 6 higher on the NASDAQ. U.S Treasury securities moved higher today with the 5-, 10-, and 30-year yields closing down at 2.06%, 2.38%, and 2.83%, respectively.

Clients with questions concerning this Afternoon Comment are advised to contact Jack Hellige at: 1-800-444-1854 x8641 or (502) 588-8641. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738.

The major indices were up slightly today as the NASDAQ, S&P 500 and the Dow all managed gains. In economic news, the federal government ran a budget deficit of $63B in October, which was the first month of the fiscal 2018 calendar; the deficit came in $17B higher than the same period last year. Sweet crude for January delivery closed about flat, down just 0.02% at $56.97 per barrel.

The Dow Jones Industrials increased 22 points to close at 23,444. The S&P 500 was up 2 points at 2,584. The NASDAQ advanced by 3 points to finish the day at 6,754 as the small caps of the Russell 2000 were flat at 1,475. Dow Transports were up 16 points to 9,518, while the Dow Utility Index was up 9 points at 766.

Trading volume totaled 791 million shares on the New York Stock Exchange while 485 million were exchanged on the NASDAQ. There were slightly more than 5 stocks lower for every 4 higher on the New York Stock Exchange and slightly more than 1 stock lower for every 1 higher on the NASDAQ. U.S Treasury securities were a bit mixed as the 5-year yield moved up to 2.07%, while the 10- and 30-year yields closed down at 2.40% and 2.87%, respectively.

Clients with questions concerning this Afternoon Comment are advised to contact Jack Hellige at: 1-800-444-1854 x8641 or (502) 588-8641. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738.

Investor anxieties about a possible delay in corporate tax cuts and other tax reform items kept US stocks mostly in the red on Friday. The tech was helped by strength in semiconductor industry stocks; healthcare stocks were broadly lower. Earnings season kept going: Walt Disney missed quarterly expectations but announced more Star Wars movies and television properties to come, and shares rose 2.1 percent. JC Penny and Nvidia Corp.'s respectively quarterly results beat the street; shares were up 15 and 5.3 percent, respectively. Hertz Global Holdings also bested analyst expectations for the quarter, but shares fell 2.3 percent.

The DJIA lost 39.73 points at 23422.21, the S&P 500 was off 2.32 points at 2582.30, and the NASDAQ Comp rose less than a point at 6750.94. Dow Transports shed 16.14 points at 9501.36, the Dow Jones Utility Index lost 2.52 points at 756.95, and the Russell 2000 small caps ended the session less than a point higher at 1475.268. 853 million and 495 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Decliners outpaced advancers on the NYSE 3 to 2, and on the NASDAQ advancers outpaced decliners 15 to 14.

Rising rig counts dinged oil prices, with Brent crude off 0.6 percent, settling at $63.52 per barrel. The US dollar weakened versus major rivals. Gold for December delivery slumped 1 percent to settle at $1274.20 per ounce. US treasury yields rose. Recent yields: 1.66 percent for the 2-year note, 2.05 percent for the 5-year note, 2.40 percent for the 10-year note, and 2.88 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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Check the background of this financial professional on FINRA's BrokerCheck.