Major Indices Have a Mixed Week
In This Issue
The Week on Wall Street
Stocks were up and down last week, and the three major benchmarks ended up little changed after five trading days. 
The Fed Emphasizes Patience
The Federal Reserve held interest rates steady at its May meeting. Its May 1 policy statement noted "solid" job growth and economic activity, but only tame inflation pressure.

While the Fed was not expected to make a move, some investors wondered if its latest policy statement might hint at the possibility of a rate cut later this year. No such hint appeared. Fed chair Jerome Powell told the media Wednesday that "we don't see a strong reason for moving in one direction or the other." [3]

Indications of a Thriving Economy
Employers added 263,000 net new jobs in April. Economists polled by Bloomberg forecast a gain of 190,000. The jobless rate fell to 3.6% last month, the lowest in half a century.

This better-than-expected employment snapshot comes on the heels of a first-quarter gross domestic product reading that surprised to the upside. In another bit of good news, personal spending rose an impressive 0.9% in March. [4][5]

Final Thought
On Wednesday and Thursday, stocks fell in the wake of the Fed policy statement. Friday, they more or less recouped their losses after the impressive April jobs report. Ups and downs like these come with the territory when you invest; the key is to stay patient and think long term instead of short term.

Friday: The April Consumer Price Index, monitoring monthly and annual inflation.

Source: Econoday / MarketWatch Calendar, May 3, 2019
The Econoday and MarketWatch economic calendars list upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. Econoday Inc. is a technology and information company providing data and analysis for the financial industry, participants in the financial community, and individual investors. MarketWatch, a financial information website, is a subsidiary of Dow Jones & Company, a property of News Corp. The content is developed from sources believed to be providing accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts also are subject to revision. The release of data may be delayed without notice for a variety of reasons, including the shutdown of the government agency or change at the private institution that handles the material.

Blattel News

May 7: Blues Playoff Game 7
Let's Go Blues! 
After cheering on our favorite hockey team to a victory, call our office to schedule a summer review meeting. 

May 27: Office Closed
Our office, and the stock market, will be closed on Memorial Day.
July 4 & 5: Office Closed
Our office will be closed for Independence Day weekend. The stock market will close at noon on July 3 and be closed July 4.
September 2: Office Closed
Our office, and the stock market, will be closed on Labor Day.

"Achievement is talent plus preparation."

- Malcolm Gladwell

Cheeseburger Sliders with Secret Sauce

Serves 8

  • 1 lb. 90/10 ground beef
  • Coarse salt and ground pepper
  • 8 slices cheddar cheese
  • 8 whole wheat dinner rolls, split and lightly toasted
  • 1 cup romaine lettuce, shredded 
  • 1 medium tomato, thinly sliced
  • 16 dill pickle chips


  • ½ cup mayonnaise
  • ¼ cup ketchup
  • 2 tsp. sweet pickle relish 
  • 2 tsp. granulated sugar (or less, if you prefer less sweetness)
  • 2 tsp. white vinegar
  • 1 tsp. ground black pepper



  1. Put the rack in the top position and preheat broiler.
  2. Divide beef into 8 equal parts pressing them into ½-inch-thick patties.
  3. Season both sides with salt and pepper.
  4. For medium burgers, broil patties about 5 minutes.
  5. Take out the burgers and top each of them with a slice of cheese.
  6. Return to broiler until the cheese is melted. 


  1. Whisk all of the sauce ingredients together. You can keep this sauce in a covered container for up to a week in the fridge.


  1. Slather rolls with the secret sauce, add burgers, then stack with the lettuce, tomato, and pickles.

Recipe adapted from Martha Stewart[6]

Tips to Protect Your Financial Information When Shopping Online

Cybercriminals are looking for any opportunity to steal your tax and financial data. Theft of your Social Security number could result in a false tax filing. Take these extra steps to protect your financial information, Social Security numbers, and credit card data:

Avoid unprotected Wi-Fi. Unprotected, public Wi-Fi, available in coffee shops or other public places, could give thieves the ability to view your browsing activity.

Check your URLs for the "s." If there is an "s" in "https" at the start of the URL, then the site is secure. There may also be a "lock" icon in the browser's URL bar. Also, be careful making purchases at unfamiliar sites or clicking on links from pop-up ads.

Secure your computer. Lock down your computers, phones, and tablets using security software. This will help to protect your devices from malware that could steal data or infect the device with a virus.

Password length matters. Use a minimum of 10 characters or longer, with a combination of letters, numbers, and special characters. Avoid words, if possible.

* This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax professional.

Tip adapted from[7]

Practicing Mindfulness

Mindfulness. It's about being present; not in the future, not in the past, but being fully aware in the moment. Sounds nice, but how do you do it? Here's a few tips to focus on - right now:
  • Breathe. Notice your breathing. Fast? Slow? Notice the rise and fall of a breath.
  • Senses. Notice sights, sounds, tastes, smells, colors, temperature, textures.
  • Walk. Notice how walking feels. What do the bottoms of your feet feel like? What surrounds you? Notice what you've been missing.
  • Be. Try not to overschedule, and just notice what it's like to be, not do.
  • Thoughts. They come and go. Often, and intensely, for some, but they are just thoughts. Notice them as they flow. Notice how your mind likes to judge. Notice that it's just a thought.
  • Listen. Listen more closely. Maybe, talk less. Notice what is or is not being said.
  • Pay attention. Put your attention on what you are doing. Notice the actions, your attention, or lack thereof. Mindfulness is about being fully engaged in the now.
Tip adapted from HeretoHelp[9]

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Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.

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