Affinity "Mark" et Minute - October 28, 2021

Affinity “Mark” et Minute – October 28, 2021

Investment Commentary – October 27, 2021
Year to Date Market Indices as of October 27, 2021

• Dow 35,673 (18.00%)
• S&P 4,566 (22.89%)
• NASDAQ 15,558 (21.23%)
• Gold $1,732 (-5.57%)
• OIL $83.62 (72.66%)
• Barclay Bond Aggregate (-2.80%)
• Fed Funds Rate 0-0.25 (0-0.25)
• Annual Inflation Rate 5.4% (As of 8/11/21)

News Around The web:

Record heights: The major U.S. stock indexes climbed 1% to 2% for the week as the S&P 500 and the Dow set records, eclipsing previous highs that they set about two months earlier. The NASDAQ finished the week less than 2% below a record that it set in early September.

Earnings momentum: The outlook remained strong a couple of weeks into earnings season. As of Friday, third-quarter net income was expected to rise nearly 33% compared with the same period a year earlier, based on S&P 500 companies that have already reported combined with projections for those still scheduled to report. According to FactSet, that quarterly growth rate would be the third highest in 11 years.

Taper outlook: Federal Reserve Chair Jerome Powell said on Friday that the U.S. central bank was on track to begin reducing its asset purchases soon. However, he said it’s not yet time to raise interest rates because employment levels are still too low. He expects inflation is likely to ease next year as pandemic-related pressures fade.

GDP ahead: The U.S. government’s initial estimate of third-quarter GDP growth is scheduled to be released Thursday. The growth figure will show how much of a negative impact the Delta variant and supply chain disruptions had on growth in the latest quarter. In the second quarter, GDP rose at a 6.7% annual rate.

Upcoming Economic Reports

Thursday
Third-quarter GDP, advance estimate, U.S. Bureau of Economic Analysis
Weekly unemployment claims, U.S. Department of Labor

https://www.marketwatch.com/ (Market Indices)
https://jasonzweig.com/this-day-in-financial-history/ (This day in Financial History)
https://www.jhinvestments.com/weekly-market-recap (Around the Web & Upcoming Events)
https://finviz.com/groups.ashx (YTD Performance Chart)

About the Author: Mark Roberts

In addition to managing clients’ money and giving investment and diversification advice, Mark offers something that “the other guys” don’t - a unique approach to Retirement Tax Strategies and distribution. Time and time again, Mark meets with new clients who tell him they have a great relationship with their financial advisor but have never been offered information on this kind of approach to securing their financial futures. Mark has taken this feedback to heart and works tirelessly to ensure that his strategies focus on taxes and distribution. Mark started selling insurance for a major insurance company right out of high school to help put himself through college. After graduating with a degree in finance, he dove into estate planning on the financial side to set himself apart from other financial advisors. However, as changes were made to estate tax laws over time, Mark shifted his focus to income tax strategies. Mark’s philosophy is “the blue prints are more important than the wall paper or carpet.” The wall paper and carpet represent products like investments and insurance policies, whereas the blue prints represent the strategies. Once strategies that truly fit the client’s needs are put in place, our focus can shift to providing you with the right products. According to Mark, “It doesn’t matter what carpet we use if the walls are not in the right place.” Our approach to money management is designed to generate the largest alpha (quality) with the lowest standard deviation and beta (risk). By doing this, we help provide clients with the highest return on the lowest risk. Generating income for our retirees is also very important. Because withdrawing money from your portfolio hurts the account rather than helping it, our goal is to design income strategies to harm the portfolio the least making the money last longer.

Affinity “Mark” et Minute – October 28, 2021

Affinity “Mark” et Minute – October 28, 2021

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About the Author: Mark Roberts