Stay calm and carry on.

We are seeing historic political events unfolding domestically and continued international unrest.  The market is “wiggling” in reaction to events. 

The Feds have signaled a short-term interest rate drop in September at their last meeting. The week after the Fed Meeting, unemployment numbers were released, up to 4.3% in July from 4.1% in June. We have been waiting for the Feds to drop rates for a long time.  Interest rate drops stimulate the economy and historically the last quarter of each year is when most market gains for the year happened.

As always, our focus is on you achieving your goals.  We buy rather than sell when markets wiggle, and we know what is in your portfolio and why.  This hasn’t changed.  We don’t have a short-term market perspective and you shouldn’t either.

Keep cool during the heat wave.

The Team at TruNorth

Published August 2024