MWM Weekly Update

The Week of October 14, 2019

MWM Weekly Update

The Week of October 14, 2019

Greetings,                

Here are some highlights from last week’s market activity and events around our community you may enjoy reading about. We have also included some educational resources to help you live your best financial life. We remain committed to helping you navigate the ever-changing investment environment.

The following highlights should not be viewed as a recommendation, nor is this a notification of an impending change in asset allocation.  For more information, please contact your advisor with any questions.

MARKETS & OFFICE CLOSURES:

Thursday, November 28th - MWM office and markets closed
Friday, November 29th  - MWM office closed and market to close early
Tuesday, December 24th - MWM office closed and market to close early
Wednesday, December 25th - MWM office and markets closed

In the Markets

Last Week
  • Last week, President Trump said the United States and China had reached a "substantial, phase-one" agreement to resolve the trade war between the economic giants. Essentially, the United States agreed to hold off on the imposition of additional tariffs on Chinese imports, while China agreed to ramp up the purchase of U.S. agricultural products. Buoyed by the prospects of a further trade accord, investors dove into the market, sending several indices higher by the close of trading last week. Both the Dow and Nasdaq rose by almost 1.0%, followed by the Russell 2000 and the S&P 500. However, the biggest mover was the Global Dow, which surged almost 2.0%. With money moving to stocks, gold and 10-year Treasuries saw their respective prices slip.

Source: Broadridge Investor Communication Solutions, Inc.

this Week
  • A few economic reports worth reviewing are out this week. The retail sales report for September, which measures prices retailers of consumer goods and services receive, is another important indicator of inflationary pressures. August saw retail sales increase by 0.4%. Total sales for the June 2019 through August 2019 period were up 3.7% from the same period a year ago. Non-store (online) retailers continue to see sales grow — up 1.6% for the month and 16.0% since August 2018. The report on new residential construction is also out this week. August showed strong growth in building permits and housing starts, which should add to needed inventory for new residential properties for the fall. Another report out this week is the Federal Reserve's statement on industrial production. August saw industrial production rise 0.6% after falling 0.1% in July. Manufacturing also increased 0.5% for the month — both encouraging signs for the manufacturing sector.


Source: Broadridge Investor Communication Solutions, Inc.

Articles & Education

5 Ways to Keep That Entrepreneurial Spark Alive

Hint: the world is your classroom.
- Read More -

Shape Your Future - Goals to Get You Started

You likely have some goals in mind, but if you need inspiration for yourself or your loved ones, consider these.
- Read More -
Investment Term of the Week

In the News

Last Week
this Week

In the Community

Happy Birthday, Michon!

Michon celebrated her birthday on Tuesday this week. We hope she has something special planned to celebrate.

Rose Festival Auction

Portland Rose Festival Foundation Dinner & Auction. Sarah’s cousin Teri Bowles-Atherton is the President of the Rose Festival Foundation. She and her husband shared a fun evening raising money for this Portland tradition.

A Special Birthday Trip

Sarah will be celebrating her grandmother’s 90th birthday with a family-wide trip to Italy, Greece and Croatia starting Tuesday, October 15th. This will be six year old daughter Bella’s first trip to Europe and they are very excited to celebrate dear Grandma JuJu.

An Evening with Astronaut Story Musgrave

The Rice Northwest Museum of Rocks and Minerals is pleased to announce famed astronaut Story Musgrave will be speaking on October 26, 2019 regarding the importance of STEM education. The event will be held in the OMSI Planetarium. If this is of interest, we invite you to attend with Judith as her guest. Please contact her directly.

Please do not hesitate to call your advisor if you have any questions.
Until we speak again, have a wonderful week.

Thought of the Week

These highlights should not be viewed as a recommendation, nor is this a notification of an impending change in asset allocation. For more information, please contact your advisor with any questions. Opinions expressed in the attached article are those of Judith McGee and are not necessarily those of Raymond James. All opinions are as of this date and are subject to change without notice.

The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. This material is being provided for information purposes only and is not a complete description, nor is it a recommendation. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. Any opinions are those of McGee Wealth Management and not necessarily those of Raymond James. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct. . Investing involves risk and you may incur a profit or loss regardless of strategy selected.  The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. The Dow Jones Industrial Average (DJIA), commonly known as “The Dow” is an index representing 30 stock of companies maintained and reviewed by the editors of the Wall Street Journal. The NASDAQ composite is an unmanaged index of securities traded on the NASDAQ system. The Russell 2000 Index measures the performance of the 2,000 smallest companies in the Russell 3000 Index, which represent approximately 8% of the total market capitalization of the Russell 3000 Index. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. Past performance does not guarantee future results. This information is not intended as a solicitation or an offer to buy or sell any security referred to herein. Asset allocation and diversification do not ensure a profit or guarantee against loss.  Sector investments are companies engaged in business related to a specific sector. They are subject to fierce competition and their products and services may be subject to rapid obsolescence. There are additional risks associated with investing in an individual sector, including limited diversification. Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed websites or their respective sponsors. Raymond James is not responsible for the content of any website or the collection or use of information regarding any websites's users and/or members.

There is an inverse relationship between interest rate movements and bond prices. Generally, when interest rates rise, bond prices fall and when interest rates fall, bond prices generally rise.

Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification markers CFP®, CERTIFIED FINANCIAL PLANNERTM, CFP® (with plaque design), and CFP® (with flame design) in the U.S., which authorizes use of by individuals who successfully complete the CFP Board’s initial and ongoing certification requirements.

Raymond James does not endorse the opinion of and is not affiliated with Astronaut Story Musgrave or the Rice Northwest Museum of Rocks and Minerals.

Making Life a Richer Experience

Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC. Investment advisory services offered through McGee Wealth Management, Inc. McGee Wealth Management, Inc. is not a registered broker/dealer, and is independent of Raymond James Financial Services.

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