From the desks of Stanley Katz & Lauren Madera
STAY SAFE & HAVE FUN!
Six weeks of gains is a fairly good streak, but it couldn’t last forever, right? Both the DJIA and S&P 500 had negative returns last week while the Nasdaq was slightly positive (i.e., DJIA: -2.68%, S&P 500: -0.96%, Nasdaq: +0.16%). The latest data still reflects slow economic growth with some inflationary pressures as evidenced by rising US Treasury yields. Yields on the 10-year US Treasury have risen from 3.62% as of September 16th to 4.246% last Friday. Maybe the Federal Reserve should not have cut the Fed Funds rate by 0.50% back in September? Now many stock market pundits fear the Fed may not be able to cut interest rates as much as originally anticipated. Read Schwab’s Weekly Trader’s Outlook. As Paul Harvey used to say, it tells the “rest of the story.”
Logically, most of the articles this week centered around the upcoming US election. Analyst opinions run the gamut on where to invest depending on the potential outcome. Peter Boockvar, one such analyst, wrote, “I’ve learned over my 30 years in this business that investing based on your politics is never a good idea.” Those sentiments are echoed in Capital Group’s “What to expect between Election Day and the inauguration.” Click the link below for more on this topic.
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.
Schwab:
Capital Group:
Argus:
J.P. Morgan Asset Management:
Nuveen:
Stanley Katz & Lauren Madera, Financial Advisors
ClientFirst Financial Strategies, Inc.
937-293-5500
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