Broker Check

The Weekly Update 11/10/2023

| November 10, 2023

The Weekly Update 11/10/2023

Good News!


If you browse your favorite news source, you will likely come away with thoughts and supposed facts, of how bad the investment markets are.

  • Bad investor sentiment
  • High stress levels
  • Account liquidations
  • Fund outflows at record highs
  • More negative investors (Bearish) than positive (Bullish)

To me this is just crazy curve ball thinking!  Below are source cited facts related to the revenues and earnings for Corporate America, solid household net worth and record high personal incomes.

Hmmm…. Household net worth at on all time high of $154.3 trillion.

And all generations are doing well at the household level.

Interestingly, as interest rates ratcheted up many households did even better!  Interest income is now $1.8 trillion, up over $300 billion from 2021. 

Other Record High Income in:

  • Proprietors Income $1.9 trillion
  • Dividend Income $1.8 trillion
  • Rental Income $1 trillion

This detail does not scream the consumer is tapped out, perhaps the opposite.

But Jim, Corporate America is struggling?

Not true!

In the chart below, make note of “Actual” earnings turning up and forward earnings at an estimated all-time high.

These are just more fact based and source cited data points that will keep your WSG Team continuing to add lower risk, lower volatility, and best-of-class investments to our client 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.


James O. Lunney, CFP®


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.