Despite all the political rancor in Washington, the U.S. renaissance in manufacturing and energy continues to gather strength. Has the market become immune to political dysfunction? The Chief Investment Strategist at Schwab tells investors what to watch for. Some may be wondering if they should be concerned about recent shifts in policy from the Federal Reserve.  Janet Yellen may get a chance to clarify them, as President Obama will nominate her today to head the Central Bank. Bloomberg discusses what has led to her nomination and previews her upcoming consideration in Congress. Finally, we look into the process of probating wills and whether it is something you may want to avoid.

Market Snapshot: Dysfunction In DC, But US Renaissance Rolls On– The U.S. is  experiencing a manufacturing renaissance with key industries poised to return. Liz Ann Sonders, Chief Investment Strategist at Schwab, discusses the situation in this video. http://www.schwab.com/public/schwab/resource_center/expert_insight/todays_market/recent_commentary/dysfunction_in_dc_but_us_renaissance_rolls_on.html

The Trouble With Fed Transparency– Has the Federal Reserve backed itself into a corner with its efforts to keep investors informed about its policies? According to Business Week, the Fed’s directives have misled investors and contributed to market volatility.
http://www.businessweek.com/articles/2013-10-03/the-fed-sows-confusion-by-ignoring-its-own-signals-to-tighten-monetary-policy

Obama Will Nominate Yellen To Lead The Fed– Today President Barack Obama will name Janet Yellen to head the Federal Reserve. This ends months of speculation over who will hold one of the most powerful economic policymaking positions in the world. Bloomberg offers a short profile of Yellen and considers what kind of policies is she likely to put in place.
http://www.bloomberg.com/news/2013-10-09/yellen-as-americans-favorite-shows-fed-is-captured-by-democracy.html

Avoiding Probate: Is It Worth It?– When you die, your estate goes through a process that manages, settles, and distributes your property according to the terms of your will. This process is governed by state law and is called probate.  Should you avoid it for all or part of your estate?
http://www.360financialliteracy.org/Topics/Retirement-Planning/Estate-Planning-Basics/Avoiding-probate-Is-it-worth-it

We hope you enjoy reading these articles along with us and that you find them informative.  Please forward this to your friends and family.

John R. Day, Bill Ennis, Stephanie Davidson and Matt Heller

Disclosure – The articles mentioned in Mid Week with Day & Ennis are for information and educational purposes only. They represent a sample of the numerous articles that the firm reads each week to stay current on financial and economic topics. The articles are linked to websites separate from the Day & Ennis website. The opinions expressed in these articles are the opinions of the author and not Day & Ennis. This is not an offer to buy or sell any security. Day & Ennis is under no obligation to update any of the information in these articles. We cannot attest to the accuracy of the data in the articles.