“And all at once, summer collapsed into fall.” – Oscar Wilde
Sunset on Summer: Welcoming the Colors of Autumn
This Saturday, as the Sun moves southward across the celestial equator, we welcome the September equinox, marking the end of summer and the beginning of autumn in the Northern Hemisphere. Derived from Latin, “equinox” means ‘equal night,’ when days and nights achieve equilibrium in duration. From here, our days gradually shorten until the winter solstice on December 21.
As summer 2023 fades and September, typically the most challenging month for major stock indices, draws to a close, we enter the fourth quarter — usually the year’s best-performing period. Fortunately, this September has been relatively mild. However, several factors are weighing on markets and the economy: the potential of a government shutdown, an expanding United Autoworker strike, and a slight uptick in inflation due to rising energy costs. Rest assured, we’re keeping a close watch on these issues, and we’ll provide a full recap on them and more in our upcoming quarterly market and economic review. Stay tuned.
In the meantime, as the golden hues of autumn leaves start to appear and the air turns crisp, we wish you and yours a season filled with warmth, gratitude, and success.
For our clients who celebrate Yom Kippur, we wish you an easy fast, and a meaningful reflection. G’mar Chatimah Tovah!
Key Economic News:
- Fed Leaves Interest Rates Unchanged While Acknowledging a Stronger Economy.
- U.S. Government Shutdown: What Is It and Who Would be Affected?
- UAW Targets 38 Facilities at GM and Stellantis for Expanded Strikes; Skips Ford.
- Student-Loan Payments are Expected to Resume. Defaults are Expected to Follow.
Schwab Market Perspective: Tension
By Schwab Market Perspective
- Payroll growth has slowed markedly.
- The bond market remains volatile.
- Real Treasury yields are at the highest levels since 2009.
How Stock Market Sectors Depend on the Business Cycle
- Sectors can be cyclical or defensive relative to the business cycle.
- The business cycle is near its pre-pandemic trend.
- Market cycles have increased in length over time.
Establishing Your Schwab Online & Mobile Access:
To Create Your New Schwab Login ID and Password:
- Have your Schwab or TD Ameritrade account number handy and click: www.schwaballiance.com.
- Select “New User?” – blue link under Log In (middle of screen) and follow the prompts.
Please Join Us For A Special Client Dinner and Shred Event
We’re excited to welcome Weston Wellington, Vice President of Dimensional Funds, and distinguished market historian, as our keynote speaker for the upcoming October client dinner event. After hosting Weston in 2017 and receiving overwhelmingly positive feedback, it became evident he needed an encore.
In 2006, while I was evaluating Dimensional Funds, Weston’s insights greatly informed my decision. For years, he penned an annual article juxtaposing Wall Street analysts’ forecasts with actual year-end outcomes. The recurring theme is unmistakable: the predictions of economists and Wall Street analysts are as reliable as those of astrologers, warranting a healthy dose of skepticism.
Stay In Your Seat!
Weston Wellington’s “Stay in Your Seat” presentation is an entertaining and insightful journey through over five decades of investment news headlines, media narratives, and the real-world outcomes for investors who followed the implied advice. You will walk away with a better understanding of today’s media landscape, recognizing how little things have truly changed besides the surge of media outlets.
Additionally, you’ll better understand how and why your money is invested the way it is.
When: Wednesday, October 18th
Where: Hilton – West Palm Beach | 150 Australian Ave. West Palm Beach, FL
Time: 6 p.m. to 8 p.m.
Spots are filling up quickly and we are nearing capacity.
If you wish to attend, please let one of our team members know ASAP!
About Wes Wellington:
Weston Wellington, Vice President of Dimensional Fund Advisors, has over four decades of investment industry expertise and is recognized as one of the firm’s most captivating speakers. Weston’s presentations illuminate Dimensional’s distinctive evidence-driven investment approach and the merits of an equilibrium based investment strategy as an effective avenue towards investment success.
Additionally, Weston critically assesses contemporary financial and investment media, underscoring why investors are unlikely to hear about this approach from the usual sources of financial advice.
In addition to the presentation, we will have an on-site shred truck to allow you to dispose of your personal documents securely and safely!
The Forum Club of the Palm Beaches
For over four decades, The Forum Club of the Palm Beaches, a non-partisan political and public affairs organization, has welcomed a parade of illustrious speakers, including former Presidents, U.S. Supreme Court Justices, and influential thought leaders whose words and deeds shape our world.
As a proud supporter, Mariaca Wealth Management is delighted to sponsor a table for our local clients and friends at these events. Kindly note that seating is limited and available on a first-come, first-served basis. If you’d like to attend a particular luncheon, please reach out to Victoria, at email@example.com.
Upcoming Forum Club Events:
U.S. Congressman and Chair of the January 6th Committee, Bennie G. Thompson
Monday, October 2, 2023 at 12 p.m.
REGISTRATION IS CLOSED FOR THIS EVENT.
Former Congressman and CNN Political Commentator, Adam Kinzinger
Tuesday, October 24, 2023 at 12 p.m.
REGISTRATION IS CLOSED FOR THIS EVENT.
Our Weekly Wave is all about giving you good insights and valuable information. While we’re good at managing wealth and financial planning, please remember; this content is for informational purposes only and is not legal, tax, investment, financial, or other professional advice. So while we hope to provide insightful and helpful knowledge, please don’t take it as official guidance.