MWM Weekly Update

The Week of July 19 2021

MWM Weekly Update

The Week of July 19 2021

Greetings Everyone,

I hope you are enjoying the summer and finding some fun things to do as July has slipped away so quickly. The weather has been so hot in many places that wildfires are prevalent throughout the country. It might be time to think about another kind of disaster preparedness, this time for your pets. Since emergencies can come in many forms, you may be required to leave your home for a safer location. Do not leave your pets behind, be prepared.  Here are some very simple steps you can follow.

  1. Get a Pet Recue Alert Sticker. You can place this on your front door so recue workers can see it.  It will tell them the types and number of pets in your home and the name and number of your veterinarian. If you leave the home with your pets, write EVACUATED across the stickers. You can usually find them at your local pet store.
  2. Arrange for a Safe Haven. A little research is needed.  Your vet may have a list of preferred boarding kennels. Local animal shelters may provide emergency shelter or foster placement. Find motels or hotels who will accept pets. Finally, ask others outside your home area if they would help.
  3. Who can be a Designated Caregiver? If you had a medical emergency who can care for your pets?  Choose someone who lives close and is home during the day and they would be trusted with a key to your home.  This could be an idea for a caregiver “swap” with someone with the same kind of need.

You can find more on ASPCA’s website for their disaster prep checklist. Download the ASPCA's disaster prep checklist.
Almost every team member of our office has a love of animals. Check out the picture with Mckenzie, Linette’s granddaughter with our puppy, Lady now five months old.

Annual Bike Ride Salem, Oregon to Washington, D.C.

For six years our friend Tom Harris has ridden his bike from Salem, Oregon to Washington, D.C. hoping to finish around July 4th. This year he arrived on July 10th just as the fences were being taken down around the capitol building. People do many things in retirement, but few have goals like Tom’s. He and his wife, Barbara have sent pictures of Tom’s trips highlighting the people Tom meets along the way and the conversations they share. Tom says next year will be his final ride.

Did You Know?  It is 2,854 miles or 4593 km from Salem to Washington, D.C. which would take about 41 hours, 51 minutes to drive. It takes Tom about three months on his bike.

Judith McGee, L.H.D., CFP®, ChFC®
Executive Vice President and Senior Lead Advisor

In the Markets

  • Stocks suffered their worst week in quite some time, as each of the major indexes ended the week lower. Last week was the start of the second-quarter corporate earnings reporting period. Attention will be paid to reported earnings to gauge whether corporate profits can support equity valuations. Despite Fed Chair Jerome Powell's repeated statements that the recent spike in inflation is temporary, last week's rise in the Consumer Price Index and the Producer Price Index are likely to add fuel to the debate about the timing of the Federal Reserve's stimulus reduction
  • Equities edged higher to begin the week, with financials, communication services, and real estate leading the sectors, while consumer staples, industrials, and information technology lagged. Investors traded cautiously last Monday ahead of the release of second-quarter earnings and inflation data later in the week. The Global Dow led the benchmark indexes, climbing 0.5%, followed by the large caps of the Dow and the S&P 500, which each gained 0.4%. Treasury yields and the dollar advanced, while crude oil prices declined.
  • Stock values retreated and bond yields increased last Tuesday as investors seemed to weigh whether rising inflationary pressures will prompt the central bank to begin rolling back stimulus sooner rather than later. The small caps of the Russell 2000 fell the furthest, declining 1.9%. The Global Dow dropped 0.6%, the Nasdaq and the S&P 500 lost 0.4%, while the Dow fell 0.3%. The yield on 10-year Treasuries rose 3.9%, the dollar gained 0.6%, and crude oil prices increased 1.7% to $75.32 per barrel. Among the market sectors, only information technology advanced, gaining 0.4%. Real estate, materials, industrials, financials, and consumer discretionary fell by at least 1.0%.
  • Growth stocks outperformed value shares in a day of mixed results last Wednesday. Consumer staples, information technology, real estate, and utilities led the sectors. The Russell 2000 continued to lag, dropping 1.6% by the close of trading. Treasury yields fell as bond prices rose following reassuring comments from Fed Chair Jerome Powell, who suggested that stimulus measures are likely to remain for some time. The dollar was little changed, while crude oil prices declined.
  • The Dow, which inched ahead 0.2%, was the only benchmark index to post a gain last Thursday. Information technology shares lagged, pulling the Nasdaq down 0.7%. The Russell 2000 (-0.6%) declined for the third straight session, the Global Dow dipped 0.4%, and the S&P 500 inched down 0.3%. Treasury yields on 10-year bonds dropped to 1.3%. The dollar advanced, while crude oil prices decreased to $71.55 per barrel. Among the market sectors, only consumer discretionary, industrials, materials, real estate, and utilities advanced marginally.
  • Stocks tumbled lower last Friday as each of the benchmark indexes lost value. The Russell 2000 fell 1.2% on Friday. The Global Dow dipped 1.0%, while the large caps of the Dow (-0.9%) and the S&P 500 (-0.8%) also lost value. Tech shares fell 1.0%, dragging the Nasdaq down 0.8% for the day. The yield on 10-year Treasuries and the dollar inched higher, while crude oil prices fell marginally. Most of the market sectors dropped, with energy (-3.0%), materials (-1.6%), and financials (-1.5%) declining the most.
  • For the week, the Russell 2000 sank 5.1%, followed by the Nasdaq, the Global Dow, the S&P 500, and the Dow. Crude oil prices decreased for the second consecutive week, but are still 47.3% above their 2020 year-end price per barrel. The yield on 10-year Treasuries decreased 5 basis points, the dollar increased 0.67%, and gold prices increased marginally. The market sectors closed the week with mixed returns. Consumer staples (1.3%), utilities (2.6%), and real estate (0.7%) were the only sectors to advance. The remaining sectors decreased, led by energy (-7.7%) and materials (-2.4%).


The latest data on housing starts and existing home sales is available this week. While the housing sector has been an area of strength throughout much of the past year, it has begun to slow over the past few months. The number of building permits and housing completions fell in May, while housing starts increased. Existing home sales also fell in May, the fourth consecutive monthly decline. Analysts suggest that activity in the housing sector is approaching pre-pandemic activity levels. A lack of available inventory and escalating prices are prominent factors in holding back sales.

Source: Broadridge Investor Communication Solutions, Inc.

Articles & Education

Capital Markets Update and Outlook: January 2023

Although the one-two punch of rising interest rates and inflationary pressure set the global capital markets on shaky footing through much of 2022, the U.S. economy kept motoring ahead. How are financial conditions shaping up in the new year?

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Investment Term of the Week

Thought of the Week


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