Boo! At least that is what it feels like around my neighborhood. Halloween decorations everywhere… Will the market give us a trick or a treat? That is the question every October. This year it feels more like a treat into the new year.
Unemployment numbers have gone up and the Fed has lowered rates to combat it. Was it enough? That question is only answered “after” a few years have passed and then the economists can get an accurate calculation and say whether it was the right call. So, for now, I wouldn’t worry about it.
Lots of tax changes this year, so watch your mail for a year-end tax checklist and a compilation of the new tax law changes that might apply to you.
As far as the stock market is concerned, the “AI” stuff is very frothy, (we’ve seen this before) but overall I think we are in good shape and will continue to hold our positions.
Please call if you have any questions or concerns.
Laurence E Menna, CFP®, AIF®
Financial Advisor
“This commentary reflects the personal opinions, viewpoints and analyses of the WealthTarget Investment Advisors, LLC employees providing such comments and should not be regarded as a description of advisory services provided by WealthTarget Investment Advisors, LLC or performance returns of any WealthTarget Investment Advisors, LLC client. Investments in securities involve the risk of loss. Past performance is no guarantee of future returns.”