Welcome to our Video and Audio Podcast Review of our Q3 2023 Newsletter. For those on the road or just unable to grab the time to read, our podcast type review gives you the behind the scenes insight to our thoughts, observations and deep views of the entire Newsletter.
Click the Download button below, for a direct link to an electronic version (an early peek-good ole fashion paper versions are on their way to you shortly) and here for our Newsletter page
Let’s get going! We hope you enjoy!
BREAK IN – The TDAmeritrade Charles Schwab merger will happen over Labor Day Weekend (September 5th, 2023) – Only Changes: Log in portal and account number – Expect (no reply) Legal Paperwork and emails!
Q3 2023 Newsletter
Looking Forward Now with Regards to Rate Increases
Three Articles Centered around this main leading Article –
In our main lead article, we discuss the look forward expectations of NOT lowering rates as soon as many think. With higher rates, cost of capital will be more expensive for many projects, giving the Federal Reserve the desired slow down in the Economy ! Hopefully, and not too much!
Research Affiliates Robert Arnott 10 Year Expected Returns
Take note of Arnott’s powerful firm with predictions of the slower/safer Bonds earning more than the good ole SP 500 like stocks, earning and inferior 10 year return- Lots of disclaimers of course!
Higher for Longer
Asset Allocation – What’s old is New Again (Wish I would have thought of this title for the Newsletter) – Bonds may be our new Buddy – Especially if Powell is to be taken at his word!
Slow motion Slowdown – It is likely not over yet
Sneaky stimulus remains and with the fencing of Banks, this has the effect of additional stimulus in the system!
A Day in the Life and Summer Plans
While we may not talk Wall Street talk, our days are full of watchful research and fun client interactions!
The return of what we are doing this summer finally makes its way back into the Newsletter – we hope you enjoy!
Have a Great Summer! Talk in the Fall!
John A. Kvale CFA, CFP