MWM Weekly Update

The Week of November 17, 2021

MWM Weekly Update

The Week of November 17, 2021

“It is remarkable how closely the history of the apple tree
is connected with that of man.”
- Henry David Thoreau

Greetings, Everyone,

November days are fascinating with heavy rains and winds beating against every tree and bush and whipping us about and then suddenly the most beautiful sunshine and clear sky.   But wait, just one more day and November can turn moody, dark and even a bit scary.  We are watching our lovely gardens shed their foliage and prepare for a winter’s rest.  We, too, are putting away the things of summer and thinking about brightening our home with decorative lights and festive fair.

During a recent client review meeting, our good friend, Beth shared something special.  She has discovered that writing is a new way to express herself.  Beth is no stranger to creative expression. She is an entertainer, musician and teacher and an avid gardener.  As a writer, she entered Portland Nursery’s short story contest, the first annual Apple Anecdote Short Story Contest.  Three favorites were chosen with Beth’s coming in a fabulous 2nd.  With her permission here’s her story.

The Apple Tree in the Wilderness by Beth M.L.

In September of 2013 my husband George and I pitched a tent in Jedediah Smith Redwoods State Park, amongst the giant coastal trees of Northern California. We felt like tiny beings, hiking the trails under a canopy of 300-foot giants, in one of the West’s last remaining wild places, where old growth virgin forests are forever protected from the ravages of timber harvesting. In the heart of the undeveloped interior of Jedediah Smith, there is one grove of sacred ancient trees with massive trunks, so unique and with such sensitive habitat, that until recently its location was kept secret, only known to park officials and employees. It wasn’t until 1998 that a forestry professor, bushwhacking through the heart of the park, discovered what is now called The Grove of Titans. Still growing and thriving here, are three of the ten tallest trees in the world, including The Screaming Titans, two Redwoods fused together which measure thirty feet in diameter at the base. We felt lucky to have snagged a campsite at Jedediah Smith, where the magic began the moment our temporary canvas home was securely staked into the ground. I have done a fair amount of camping, in forests and high alpine meadows, in good weather and stormy weather and each adventure has been memorable…an escape from the urbane boundaries of daily life, to a place where Earth, Sky and Mother Nature rule. To read more click here.

America the Beautiful – The National Parks and Federal Recreational Lands

What is the best travel bargain in the country? It is an America the Beautiful lifetime Senior Pass costing $80 available for anyone over age 62. If you own one and purchased it originally for $10 before the price change, it is still valid.  However, if you lost it – sorry you must buy a new one at the $80 price. Additionally, an annual Senior Pass is offered at $20 and valid for one year from the date of issue.  Four annual passes can be exchanged for one lifetime pass.

What does the Senior Pass provide?
Annual and lifetime Senior Passes provide access to more than 2,000 recreation sites managed by six federal agencies:

  • National Park Service
  • US Fish & Wildlife Service
  • Bureau of Land Management
  • Bureau of Reclamation
  • US Forest Service
  • US Army Corps of Engineers

The passes cover entrance and standard amenity (day-use) recreation fees and provide discounts on some expanded amenity recreation fees.

More benefits
Your traveling companions can also enter for free. The Senior Passes admit pass owner/s and passengers in a noncommercial vehicle at per-vehicle fee areas and pass owner plus three adults. (Children under 16 are always admitted free.) Also, at many sites, the Senior Passes provide the pass owner (only) a discount on Expanded Amenity Fees (such as camping, swimming, boat launching, and guided tours).

How can I purchase a Senior Pass?
Senior Passes can be purchased at any federal recreation site, including national parks, that charges an entrance or standard amenity (day-use) fee. Proof of age and residency is required.
Passes can also be purchased online or through the mail from USGS; an additional $10 processing fee will be added to the price. America the Beautiful - National Parks & Federal Recreational Lands Senior Pass | USGS Store

Fynnigan William Hunt – Expressions

Linette’s grandson, Fynnigan is now five.  Earlier this year his father, Joe was helping Fynn express emotions.  What do you think he was feeling in each of these pictures?

Have a wonderful week.

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

In the Markets

LAST WEEK
  • Although equities closed last week on a high note, it wasn't enough to recover from mid-week losses. Each of the benchmark indexes lost ground, with the Russell 2000 falling over 1.0% to lead the pack. Inflation concerns seemed to weigh on investors' minds during the week. While the Federal Reserve continues to suggest that inflationary pressures will calm by next year, traders may be concerned that if prices continue to rise, the Fed may consider hiking interest rates as soon as the summer of 2022. Ten-year Treasury yields edged higher. The dollar advanced, while crude oil prices fell to $80.84 per barrel. Gold prices rose for the second consecutive week, jumping nearly 2.7%. Materials led the market sectors, climbing 2.5% for the week. Consumer discretionary (-3.2%), energy (-1.7%), and utilities (-1.0%) fell the furthest.
  • Several of the major benchmark indexes reached new highs last Monday. The Dow finished up 0.3%, the S&P 500 and the Nasdaq eked out 0.1% gains, while the Russell 2000 advanced 0.2%. These advances drove each of these indexes to record highs. Among the market sectors, materials and energy led the winners, while utilities, consumer discretionary, and consumer staples fell. Ten-year Treasury yields and crude oil prices climbed higher, while the dollar dipped lower.
  • Stocks retreated from their longest rally since 2017 last Tuesday, as the benchmark indexes dipped from their all-time highs. Consumer discretionary, financials, information technology, and health care dragged the S&P 500 lower, falling 0.4% by the close of trading. The Dow declined 0.3%, the Nasdaq and the Russell 2000 each lost 0.6%, and the Global Dow slid 0.3%. The yield on 10-year Treasuries fell to 1.43% — its lowest end-of-day rate since mid-September. Crude oil prices rose nearly 3.0%, while the dollar was mixed.
  • Rising inflation data shook the markets last Wednesday. Ten-year Treasury yields rose by nearly 9.0%, while the Nasdaq and the Russell 2000 each fell by about 1.6%. The S&P 500 dipped 0.8%, the Dow slipped 0.7%, and the Global Dow fell 0.5%. The dollar climbed higher, while crude oil prices fell to $81.31 per barrel, down 3.4% from the previous day's value. Gold prices gained 1.2%. Several of the market sectors declined, led by energy (-3.0%), followed by information technology (-1.7%) and communication services (-1.3%). Consumer staples, health care, and utilities were the only sectors to close the day in the black.
  • Last Thursday was Veterans Day, an unusual trading day in the United States. Stock markets are open, but bond markets are closed. Tech stocks led a comeback in the Nasdaq, pushing that index up 0.5% last Thursday. The Russell 2000 also recovered some of the previous day's losses after advancing 0.8%. The large caps didn't fare quite as well. The S&P 500 inched up 0.1%, while the Dow fell 0.4%. The Global Dow dipped 0.1%. Crude oil prices decreased for the second consecutive day, falling to $81.12 per barrel. The dollar rose 0.3%.
  • Last Friday saw stocks post solid gains. The Nasdaq added 1.0%, followed by the S&P 500 (0.7%), the Dow (0.5%), the Global Dow (0.2%), and the Russell 2000 (0.1%). Ten-year Treasury yields advanced, while crude oil prices and the dollar fell. The market sectors were mixed on the day, with communication services and information technology gaining more than 1.0%, while energy and utilities dipped lower.

THIS WEEK

More inflation data for October is available this week with the release of the retail sales report and import and export prices. Also worth watching is the Federal Reserve's report on industrial production. September saw industrial production slip 1.3%, with manufacturing output falling 0.7%. That followed August, which saw industrial production fall 0.1% (revised).

Source: Broadridge Investor Communication Solutions, Inc.

Articles & Education

Q3 Market Commentary

The Three Dimensions of Risk: Tolerance, Capacity, & Need

More wealth has been lost due to human emotions and the lack of sound, disciplined financial planning than to any bear market. The good news is that risk is quite manageable with the help of a trusted advisor and an understanding of three dimensions of risk: our own personal tolerance, capacity, and need.
Investment Term of the Week

Thought of the Week


Please Note: McGee Wealth Management is a tradename. All services are provided by McGee Wealth Management investment professionals are provided in their individual capacities as investment adviser representatives of Mercer Global Advisors Inc. (“Mercer Advisors”), an SEC registered investment adviser principally located in Denver, Colorado, with various branch offices throughout the United States doing business under different tradenames, including McGee Wealth Management.

Mercer Advisors Inc. and/or Mercer Global Advisors Inc. WILL NOT ACCEPT time-sensitive transactional directives via email. This includes, but is not limited to a directive to buy or sell securities, instruction regarding account allocation or any other manner of change notice affecting a client account. For your protection, please do not include your social security number, account number, or any other personal or financial information in the content of the email.

Securities offered through Lion Street Financial, LLC. (LSF), member FINRA & SIPC. Investment Advisory Services offered through Mercer Global Advisors Inc., which owns and utilizes the McGee Wealth Management wordmark and logo in marketing its investment advisory and ancillary services. LSF is not affiliated with McGee Wealth Management or Mercer Global Advisors.

CONFIDENTIALITY NOTICE: This email and any attachments are strictly confidential and may be protected by legal privilege. If you are not the intended recipient, be aware that any disclosure, copying, distribution or use of this email or any attachment is STRICTLY PROHIBITED. If you have received this email in error, please notify us immediately by returning it to the sender and delete this copy from your system. Thank you for your cooperation.

Investment products are: Not deposits. Not FDIC or NCUA Insured. Not guaranteed by the financial institution. Subject to risk. May Lose Value.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. 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. 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.

Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.

The ChFC® mark is the property of The American College, which reserves sole rights to its use, and is used by permission.

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.
The Global Dow is an equal-weighted stock index. It is composed of the stocks of 150 top companies from around the world as selected by Dow Jones editors and based on the companies' long history of success and popularity among investors.

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. The companies engaged in the communications and technology industries are subject to fierce competition and their products and services may be subject to rapid obsolescence. Investing in the energy sector involves special risks, including the potential adverse effects of state and federal regulation and may not be suitable for all investors.

There is no guarantee that ESG (Environmental, Social, Governance) investment products or strategies will produce returns similar to traditional investments.  ESG investment criteria exclude certain securities/products for non-financial reasons, and therefore investors may forego some market opportunities available to those who do not use such criteria.

Making Life a Richer Experience