MWM Weekly Update

The Week of September 13, 2021

MWM Weekly Update

The Week of September 13, 2021

"Baseball is the only field of endeavor where a man can succeed three times out of ten and be considered a good performer."
-- Ted Williams

Greetings everyone,

All our children are back in school. We are sharing some of the pictures of our kids below. Fynnigan started kindergarten and Riley Judith enjoys creating art at her Montessori preschool.

Cydney Gutridge, Jennifer’s daughter, returned to finish her final year at Cal Poly, San Luis Obispo, California.  She has chosen to look toward a career in financial services after graduation. Her summer internship was in real estate with the Hasson Company. Her brother, Kallen Gutridge, started his sophomore year at Wilsonville High School. Kal has been an athlete since preschool. He has played on Wilsonville’s basketball varsity team and holds the backup quarterback spot for WHS football.

Linette’s 10-year-old grandson Kamden Raab made his pitching debut in Sherwood Minors Fall Ball this weekend. Kamden is following in his father’s footsteps. His dad, played professionally as a pitcher with the Arizona Diamondbacks organization.

This summer we rushed from the office to watch five-year-old Fynnigan learn to play soccer. The young women coaches were so patient with their young players teaching them some of the beginning rules of the game. It was so fun to watch and when he made a couple of goals, you would have thought he’d won the best prize.  Such joy in that child’s face.

Kids who join in sports take away more than physical activity, they learn a lot of life’s lessons. Among them are:
1. Competition. It is more than winning and losing. If competition is taught in a healthy manner, student athletes can translate their competitive nature on the field or court into real life.
2. Good Sportsmanship.  Athletes learn patience and self-control, even humility instead of bragging when winning. Being calm when losing instead of being upset or rude. These traits are needed in life when things do not go the way we want them to.
3. Teamwork. Being able to work well with others is crucial in life if one is to be successful. Kids benefit in so many ways when they are part of a team learning to respect one another and have a good relationship with different types of people.
4. Resilience. In sports as in life, eventually intense competition can lead to adversity.  Dealing with tough situations is one of the skills one learns in competitive sports.
5. Courage. One definition of courage is the ability to face difficulty despite fear.  In sports, it means going against a better more athletic opponent.  In life, there are lot of times one faces impossible odds.  To have resilience, one must possess courage.
6. Hard Work. There is no substitute for hard work or for sticking to it, practicing until it is the best possible outcome.

As the children return to their classrooms or extended learning, we wish them a rewarding school experience.  We appreciate the hard work all our educators put forth toward helping them build their futures.


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

In the Markets

LAST WEEK
  • Stocks retreated last week, with each of the major benchmark indexes falling at least 1.3%. The Russell 2000 and the Dow dropped the furthest, declining 2.8% and 2.2%, respectively. Investors contended with mixed signals. A better-than-expected jobless claims report, while encouraging, could prompt the Federal Reserve to start reducing its asset purchases sooner. Also, the spread of the Delta variant may impede economic recovery. Each of the market sectors fell for the week, with real estate dropping nearly 4.0%. Crude oil prices and the dollar inched ahead last week, while gold prices, which had been climbing, fell 2.2%. Ten-year Treasury yields climbed marginally higher.
  • Stocks opened the Labor Day week mostly down. Last Tuesday saw only the Nasdaq eke out a 0.1% gain, while the remaining major benchmark indexes lost value. The Dow and the Russell 2000 fell by nearly 8.0%, with the S&P 500 and the Global Dow dropping nearly 0.4%. The yield on 10-year Treasuries rose, crude oil prices dipped, and the dollar advanced. Several of the market sectors lost ground, with only communication services, consumer discretionary, and information technology advancing.
  • Wall Street ended lower last Wednesday, reflecting fears that the Delta variant could stymie the economy's recovery and uncertainty over when the Federal Reserve might begin to pull back its accommodative bond purchasing. Each of the major benchmark indexes lost ground, with the Russell 2000 dipping 1.2%, followed by the Global Dow and the Nasdaq, which fell 0.6%. Crude oil prices and the dollar rose, while 10-year Treasury yields declined. Consumer staples, real estate, utilities, and industrials were the only market sectors to advance. Energy and materials decreased more than 1.0%.
  • Stocks trended lower last Thursday, despite jobless claims hitting an 18-month low. The S&P 500 fell for the fourth consecutive session after dipping 0.5%. The Dow and the Global Dow dropped 0.4%, the Nasdaq declined 0.3%, and the Russell 2000 slipped less than 0.1%. Ten-year Treasury yields fell 2.6%, crude oil prices declined 2.0%, and the dollar was mixed. Energy, financials, and materials were the only market sectors to advance, while real estate (-2.1%) and health care (-1.2%) fell the furthest.
  • Last week ended with stocks closing lower. The Russell 2000 dropped 1.0%, followed by the Nasdaq (-0.9%), the Dow and the S&P 500 (-0.8%), and the Global Dow (-0.3%). Treasury yields, crude oil prices, and the dollar increased. Each of the market sectors lost ground, with real estate, utilities, and information technology falling at least 1.0%.

THIS WEEK

Inflation indicators are front and center this week, with the latest release of the Consumer Price Index, the retail sales report, and import and export data. The CPI has risen 5.4% since July 2020, while retail sales have risen 15.8% over the same period. Import prices have risen 10.2% for the 12 months ended in July, while export prices are up 17.2%.

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

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Making Life a Richer Experience