The Weekly Update 11/01/2024

Corporate America is Smarter Than Politics

Unless you have been living under a rock for the last few years you have heard your news source tell you how bad things are in our economy.

Of course you have read in our monthly update, The Seven Signs of a Changing Economy™, and in our Weekly Update that I write and post to our TWSG website every Friday, except for that one time, that our economy is doing quite well.

People with jobs earn money, pay taxes, save, buy homes and spend on “stuff”.  Per the chart below, ADP reported on 10-30-2024 that new jobs created came in over 100% higher, i.e., better than economists had predicted.

We know it is true because we can easily cross check that with taxes paid.  Most taxes come from people who have a job and earn money.  Per the chart below the U.S. Treasury has inflows near all-time record highs!

We also know the 92 million millennials are moving out of the parents’ basement, getting one of those jobs, getting married, buying homes and having babies.   All huge positive economic impactors.  Here is proof.

Turn the news off and focus on source cited, fact-based data points, like these, that matter to the economy Corporate America must operate in.  Our economic back drop is one of the most dynamic and productive in anyone’s life who is reading this and it is also getting better.

Yes, I sound like a broken record, as I have been saying this for over two years. However, if you are a part of our client family your account has enjoyed the benefits.  Benefits that I strongly believe will continue well into 2025.

Ifwedo get an election pothole…pounce on that as an opportunity. Your future self will hug you.

Don’t fret, panic or worry if the “normal” back and fill comes knocking. It will not be as scary as the business news will tell you. Instead, I think the knocking will be an opportunity and here at TWSG, we will pounce on that, for now just pray that it comes!

At TWSG, we are well allocated for this and have our well thought out Investment Selection Matrix™, investment menu working in our collective TWSG family’s asset allocations.

I’m interested in your thoughts, comments and observations. Feel welcome to call, email, or stop by the office and say Hi.

Respectfully,

James O. Lunney, CFP®

CERTIFIED FINANCIAL PLANNER™ Professional  

Securities and advisory services offered through LPL Financial, a registered investment advisor. Member FINRA/SIPC. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual Investing involves risks including possible loss of principal. No investment strategy or risk management technique can guarantee return or eliminate risk in all market environments.

All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested in directly. The economic forecasts set forth in this material may not develop as predicted and there can be no guarantee that strategies promoted will be successful. Stock investing includes risks, including fluctuating prices and loss of principal.

Asset allocation does not ensure a profit or protect against a loss.  Value investments can perform differently from the market as a whole.  They can remain undervalued by the market for long periods of time.