You & Your Money
Tune in every Wednesday for quick and valuable financial tips, insights and strategies for every stage of life and business from WHZ Strategic Wealth Advisors.
From strategic financial planning to investments, retirement planning, college planning, estate planning, wealth building, business growth and succession planning, and much more – tune in and turn up your understanding of how to maximize your money and make your financial goals a reality.
WHZ Strategic Wealth Advisors is an independent investment and fiduciary asset management firm dedicated to providing individuals, business owners and not-for-profit institutions with “Absolute Confidence. Unwavering Partnership. For Life."
Securities and Advisory Services offered through Commonwealth Financial Network®, Member www.FINRA.org/www.SIPC.org, a Registered Investment Adviser. Fixed insurance products and services offered through CES Insurance Agency.
697 Pomfret St., Pomfret Center, CT 06259
392-A Merrow Rd., Tolland, CT 06084
860-928-2341
You & Your Money
Market Update | November 2024
The economy is growing but what about the stock market and your retirement investments? Find out in the latest Market Update with Laurence Hale, AAMS® CRPS®.
- Subscribe to the You and Your Money podcast
- Follow us on Facebook, Instagram, LinkedIn and YouTube
- See how we can create a tailored financial strategy to help you live with Absolute Confidence, Unwavering Partnership, For Life: whzwealth.com
Welcome to the monthly market update on you and your money. Here's Lawrence Hale, principal managing partner and chief investment officer at WHZ Strategic Wealth Advisors. give us a quick update on what's happening in the markets right now. Well, you know, there's been some good economic data that's come out recently. We saw the economy grow at about 2.8% for the third quarter. So, got an expected 25 basis point rate cut by the Federal Open Market Commission Committee Looking at markets, overall, year to date, we've seen the US Equity markets, or stock markets, based on the s and P500 index, up about 21.5% International markets, a lot softer. They've actually fallen off quite a bit this quarter. Theyre up about 7.5% year to date. Not a shabby year, but definitely taking some lumps. Emerging markets, sort of the same story. And what's been interesting is in the bond market we've seen rates on the short term come down, but we've actually seen over the last few weeks interest rates go up. So we've seen some negative performance from the bond market, still in positive territory. Year to date, it's up the Barclays, the Bloomberg aggregate up about 1.4% year to date, but down almost 3% just this quarter. For more information regarding wealth management and customized financial planning with WHZ strategic wealth advisors, please visit whz wealth.com. wHZ Strategic Wealth Advisors offer securities and advisory services through Commonwealth Financial Network member FINRa SIPC, a registered investment advisor, fixed insurance products and services offered through CES insurance agency. They practice at 697 Pomfret Street, Pomfrethe Center, Connecticut 06259 and three nine two a Marrow Road, Tolland, Connecticut 06084. They can be reached at 860-928-2341 WHz 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 while providing absolute confidence and unwavering partnership for life.
