October NewsletterSubmitted by Rademacher Financial Inc. on October 22nd, 2018
For the month of September, the S&P 500 made new all-time highs but pulled back slightly into the end of the month. The Mid-Cap and Small-Cap indices our down slightly for the month. U.S. Equity have outperformed International Securities. Political Risk in continues to manifest itself with a trade war. The U.S., Canada and Mexico have come up with a Trilateral Deal to replace NAFTA. However, the new deal looks very similar to NAFTA and seems to be more for political purposes than anything else. The new deal still needs to be approved by congress. Negotiations with China have not seen much progress this past month. The current administration has said that it will continue to pressure China and our opinion is that this dispute will last longer than previously anticipated. Emerging Markets has especially poor performance as investors move into less risky assets. The U.S. dollar has experienced a rally as a flight to safety which further exacerbates the situation in international markets as all foreign investments have to be converted back into greenbacks. Overall the U.S economy is strong, unemployment is at historical lows and consumer confidence is high.
From the Office Front…
We hope that many of you were able to attend our “Final Friday’s” event on September 28th. Rachel has wanted to coordinate an event like this with local artists since we moved into our building. It took more than two years, but we were thrilled to have Eliza Bullock, Morgan Brady and Cindy Oliver agree to show their work in our space. If you were not able to attend, we hope to have more of these events in the near future!
For those of you who have set up online access to your accounts at Raymond James, on October 20th, RJ Investor Access will be renamed to RJ Client Access. There will be changes in addition to the name change which are designed to improve ease of use, allow easier access to key information and provide a more streamlined experience. You can preview the planned updates by visiting www.raymondjames.com/investoraccessupdates. If you have not yet set up this access, please give our office a call and speak with Amanda or Trish—they are happy to help get the process started for you!
A quick reminder: if you are needing a disbursement from your account, we do have to speak with you directly, either in person or by telephone to confirm your request. Feel free to give the office a call and speak with Amanda or Trish to avoid the back-and-forth by e-mail if you are pressed for time.
On a Personal note…
Rachel and I had a quick September or at least so it seemed. Rachel has been preparing for running her first marathon. As she says, “I’m running to finish not win.” She will be running in the Kansas City Marathon on October 20th. There hasn’t been a whole lot of glass time for her lately. I’m hoping that can change as we move on in to the fall. The yard has been taking some time as we lost a few trees over the summer and we are preparing to replace them. We have always enjoyed working in the yard together. I’ve been walking and working out more. Running will have to start next month. I decided to participate in the annual family Thanksgiving Day 5k this year. I’m sure I will finish 4th in the family.
Garrett’s classes seem to be going well. He is taking 5 classes or about 20 hours this semester. Between classes, Quidditch (i.e. the real version of the fictional sport played at Hogwarts in the Harry Potter books) and a college junior social life he seems pretty busy, but happy.
Katelyn is still going hard on the campaign in Florida. Working lots of hours and still learning. We are looking forward to seeing her in just over a month when she’ll return home for a rest and starting the search for her next campaign position.
I’m sure the cooler weather will arrive soon. Enjoy the fall!
Phillip A Rademacher, CFP ®
Investing involves risk, and investors may incur a profit or a loss. All expressions of opinion reflect the judgment of Rademacher Financial, Inc. and the Research Department of Raymond James & Associates, Inc., and are subject to change. Past performance is not an indication of future results and there is no assurance that any of the forecasts mentioned will occur. The Dow Jones Industrial Average is an unmanaged index of 30 widely held stocks. The NASDAQ Composite Index is an unmanaged index of all common stocks listed on the NASDAQ National Stock Market. The S&P 500 is an unmanaged index of 500 widely held stocks. The Bloomberg Barclays US Aggregate Bond Index is a broad-based flagship benchmark that measures the investment grade, U.S. dollar-denominated, fixed-rate taxable bond market. An investment cannot be made in these indexes. Russell 1000 Growth Index measures the performance of those Russell 1000 companies with higher price-to-book ratios and higher forecasted growth values. The MSCI ACWI (All Country World Index) Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets. The MSCI ACWI consisted of 48 country indices comprising 23 developed and 25 emerging market country indices. The developed market country indices included are: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom and the United States. The emerging market country indices included are: Argentina, Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, Israel, Jordan, Korea, Malaysia, Mexico, Morocco, Pakistan, Peru, Philippines, Poland, Russia, South Africa, Taiwan, Thailand, and Turkey.
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