From the desks of Stanley Katz & Lauren Madera
THE CLIENTFIRST WEEKLY HIGHLIGHTS & COMMENTARY WILL NOT BE PUBLISHED NEXT SUNDAY, SEPTEMBER 3rd, IN CELEBRATION OF THE LABOR DAY HOLIDAY. WE HOPE YOU’VE HAD A GREAT SUMMER!
Much the same as the nine-game losing streak by the NY Yankees, the S&P 500 and Nasdaq snapped their three-week losing streaks this week (i.e., DJIA: -0.45%, S&P 500: +0.82%, Nasdaq: +2.25%). During the past several weeks, the focus has been on Federal Reserve Chairman Powell’s pending speech at the Jackson Hole Economic Summit last Friday. Although the speech was highly anticipated, not much came out of it that wasn’t expected, as noted by the stock and bond markets’ reactions. Read MFS’ review “Powell Signals Rates Will Stay Higher for Longer” below.
Alan Jackson and Zach Bryan sang about the “Summertime Blues” whereas Argus wrote about it. As summer wanes, the markets tend to lull going into September and October. This past week, retailers announced earnings, signaling the consumer seems to be sputtering even though the unemployment rate remains low. For much on this and other economic topics, click the Argus epistle below.
Below are links to a number of third-party research reports that we have read and analyzed over the past week. We hope you will find the information interesting, useful, and worthwhile.
Stanley Katz & Lauren Madera, Financial Advisors
ClientFirst Financial Strategies, Inc.
Investing involves risk, including the possible loss of principal. The information contained herein has been prepared solely for informational purposes. Nothing contained herein should be construed as a recommendation to either buy or sell any security or economic sector, or implement any strategy discussed. Please consult with your financial advisor, accountant, and/or attorney before acting on this information. ClientFirst Financial Strategies, Inc. is a DBA of MGO One Seven, LLC (MGO One Seven). MGO One Seven is an investment advisor registered with the U.S. Securities and Exchange Commission (SEC). Registration with the SEC does not imply a certain level of skill or training. Securities offered through Fortune Financial Services, Inc. (Fortune), Member FINRA/SIPC. MGO One Seven and Fortune are separate entities. Investment Products are Not FDIC Insured, Offer No Bank Guarantee, and May Lose Value.
MGO One Seven and Fortune do not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third parties.