You & Your Money

Monthly Market Update | November, 2022

November 09, 2022 Season 1 Episode 31
You & Your Money
Monthly Market Update | November, 2022
Show Notes Transcript

Hear what's happening in the markets and how that may affect your investments in our latest You & Your Money Monthly Market Update, with Laurence Hale, AAMS®, CRPS®.

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Welcome to the monthly market update on You & Your Money, empowering you to reach your goals with tips and insights to help you Plan Well, Invest Well and Live Well. This month's market update comes from Laurence Hale, Principal/Managing Partner and Chief Investment Officer at Weiss, Hale & Zahansky enhance Strategic Wealth Advisors. Well you know, with the fed announcement that they're increasing short-term interest rates by three quarters of one percent, not necessarily a surprise, but that that made the markets a little jittery yesterday with a big day, unfortunately, in the wrong direction, but it's not necessarily off trend or anything we didn't expect. As the fed is going to continue to raise rates until they can get a handle on inflation and that's obviously putting the squeeze on the cost of money and has ramifications throughout the economy to try to ultimately dampen the effects of inflation and and it will work. It's just a matter of when and to what degree. But you know, the impact on the markets, this year, has been definitely felt particularly by fed policy, as well as a number of other risks with some slowdowns in certain industries and market performance has reflected that with the S&P 500 Index down through yesterday, just a hair over 20%, not a good year. International markets in a similar position with, even though we have a strong dollar, MSCI EAFE, a broad-based international index down about twenty two and a half percent. And one area of the markets that usually is a bit of a, an anchor in portfolios is bonds and this year, with the dramatic rise in rates kind of across the board, we've seen the bond market have a really, really difficult time doing its job and they're down, the Barclays, or excuse me the Bloomberg aggregate bond index down around 15 and a half percent this year. So unfortunately, no rocks to hide under. The good thing is, is for depositors and short-term investors with cash, there are some opportunities as rates go up, but we are going to be in a kind of a wait and see game until we get past the rate increases and know that inflation is well under control. That's all the updates we have for now. As always, thanks for listening to You & Your Money If you enjoy our show, please rate and review us on Apple podcasts, Spotify, or your other favorite podcast platform. And find even more episodes, videos, and other resources at our website whzwealth.com. Be sure to come back next week for more tips to help you live fearlessly and pursue your financial and life goals. Until then, Live Well. For more information regarding wealth management and customized financial planning with Weiss, Hale & Zahansky Strategic Wealth Advisors, please visit www.whzwealth.com. Weiss Hale & Zahansky Strategic Wealth Advisors offer securities and advisory services through Commonwealth Financial Network, member, FINRA/SIPC and registered investment advisor. Fixed Insurance products and services offered through CES Insurance Agency. they practices at 697 Pomfret Street, Pomfret Center Connecticut, 06259. (860)928-2341 is their phone number. Weiss, Hale & Zahansky Strategic Wealth Advisors do not provide legal or tax advice. The tenured financial services team strives to support clients in achieving their financial life goals.