From the desks of Stanley Katz & Lauren Madera
STAY SAFE & HAVE FUN!
Labor Day is behind us, which means we’re squarely in September. That’s certainly what the stock market reinforced with its performance last week! All three major US stock market indices lost ground (i.e., DJIA: -2.39%, S&P 500: -3.26%, Nasdaq: -4.71%). Historically, volatility rises in September and October, especially in presidential election years. Friday’s jobs report seemed to confirm the Federal Reserve’s inclination to proceed with the long-awaited Fed Funds rate cut. Even though hiring has slowed, however, the economy and unemployment rate are holding steady. For more on this topic, read pages 3-7 of Goldman Sachs’ Top of Mind, “Is the Fed Behind the Curve?”
Much angst has been felt about China’s slowing economy—so much so that companies like Starbucks, McDonalds and others are considering reducing their footprint in the country. There is an old expression that “when America sneezes, the world catches a cold.” Perhaps, the same could be said about the tremendously populated Chinese economy. Capital Group went to China and came back with “4 insights from our recent trip to China.” Click the link below for their insights.
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.
Goldman Sachs:
Capital Group:
J.P. Morgan Asset Management:
Northern Trust:
Argus:
Stanley Katz & Lauren Madera, Financial Advisors
ClientFirst Financial Strategies, Inc.
937-293-5500
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