MWM Weekly Update

The Week of August 12, 2019

MWM Weekly Update

The Week of August 12, 2019

Greetings,                

We have several highlights from last week’s market activity, as well as stories from our community.  As always, 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: Monday, September 2nd for Labor Day

In the Markets

Last Week
  • Fearful that the ongoing trade war between the United States and China could slow economic growth at home and abroad, investors have pulled money from stocks and adopted a "wait-and-see" approach. Not only has the trade war impacted the market, but further interest rate cuts by the Federal Reserve that were anticipated earlier this summer, now may not be in the offing. While the benchmark indexes are still well ahead of their 2018 year-end values, they're only marginally up from where they were this time last year. Compared to a year earlier, the Dow is 3.3% ahead, the S&P 500 is up 3.5%, the Nasdaq is up 2.9%, while the Russell 2000 (-9.0%) and the Global Dow (-3.8%) are behind last year's pace. Money has poured into long-term bonds driving prices higher and yields lower.


Chart reflects price changes, not total return. Because it does not include dividends or splits, it should not be used to benchmark the performance of specific investments.

Source: Broadridge Investor Communication Solutions, Inc.

this Week
  • Important economic reports that are out this week include the Treasury budget, the Consumer Price Index, and industrial production. Compared to last year, the government deficit has been running about 23% higher as we near the end of the fiscal year. Inflation has been stagnant for much of the year as evidenced by the CPI, which is up only 1.6% since June 2018. While manufacturing picked up a bit last month, overall, industrial production has been weak, up only 1.3% from June 2018.


Source: Broadridge Investor Communication Solutions, Inc.

Articles & Education

6 Things to Know to Weather a Market Downturn

It can be unsettling for investors when their portfolios and the markets start heading into the red. Here are six investing basics to keep in mind during volatile times.
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Is It Time for a Change of Plan?

Medicare open enrollment provides the opportunity to pair coverage with life’s changes.
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Skipping a Generation Can Offer Tangible Tax Perks

Generation-skipping transfer trusts allow you to pass down your wealth in a tax-efficient way.
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Investment Term of the Week

In the News

Last Week
this Week

In the Community

NY NY!

Linette and Jennifer spent a few days last week in New York with Jennifer's daughter, Cydney.  This was in celebration of her graduation from Wilsonville High School and her acceptance to Cal Poly San Luis Obispo.  This trip was our gift to Cyd who had NYC on her dream list.  Among the experiences all visited the Statue of Liberty and Ellis Island, The 9/11 Museum, the Empire State Building and the Farmers Market at Rockefeller Center.

Alberta Street Fair

Sarah and her family attended the event hosted by Alberta Main Street. The event continues to be one of Portland’s most beloved neighborhood street festivals, drawing more than 25,000 people annually. Donations support building a vibrant, creative, equitable, and sustainable Alberta Street.

Baby Watch

James and his wife Rachel are expecting their first born baby girl -- she's been a bit timid to arrive, however we expect to welcome her this week.

Family Festival in Baker City

Joel's cousin hosts an annual fundraiser event for family and friends on his ranch.  Guests camp out, listen and enjoy the live music, share stories and games. Fundraising proceeds helped benefit the Baker Valley Education Foundation. This year was particularly exciting with a massive thunder and lightning storm.  Lightning struck just a football field away!

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.

Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC. Investment advisory and financial planning 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.

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.

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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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