RENEE'S REALITY - AUGUST, 2024

Hello VIPs,

This has been an amazing year so far!  With lot’s to be thankful for.  My Son and Daughter in law adopted a baby Girl!  So, this is #3 grandchild for us.  As a financial family we are already setting her up to be successful in her future.  Cody, as a new Dad already increased his life insurance and added disability insurance to protect his growing family.  When you have major life events, please contact us for strategies to help with savings, taxes and protection.

Regarding the Stock Market………  

Overall, we believe the correction we are in the midst of should be viewed as an overreaction to slowing economic data. The Fed may well be late to begin cutting, but we believe we are experiencing the economic slowdown we have been expecting, and not an economy that is falling off a cliff. Labor markets, while slowing, are still fairly healthy. Importantly, corporate earnings remain solid and should limit additional downside in the equity markets. Meanwhile, bonds have benefited from the increased likelihood of more/sooner Fed rate cuts and have rallied sharply.

We do not believe the pullback is the beginning of a bear market, but rather a correction in an ongoing bull market. As always, we believe it is imperative for investors to stay focused on their long-term goals and not let short-term swings in the market derail them from their longer-term objectives.

Please contact us if you have any questions.

Until next time, All the best,

Renee