Charissa Anderson, CFP®, CDFA®, appeared on KOIN News Wallet Wednesday on October 12, 2022, and discussed the pluses and minuses of receiving financial advice from TikTok.
Anderson on KOIN Wallet Wednesday
The Bear Market Bounce
Last Friday, the market closed out the day, week, month and quarter all with negative returns. Fears of higher inflation, more tightening by the Federal Reserve and potentially lower corporate earnings weighed on investors’ minds. The S&P 500 broke below the June low last week, extending the bear market that began in January. At 269 days as of quarter end, this is the most protracted correction since the March 2009 low. Surprisingly, the market decided to pull a 180 early this week, returning almost 6% on Monday and Tuesday. So, what was the deal?
CNBC and Financial Advisor Names Ferguson Wellman to 2022 RIA Ranking
Ferguson Wellman Capital Management was recently named by CNBC and Financial Advisor to their “Top 100 Financial Advisors” ranking. The firm was listed at 17 of 100 companies.
Fourth Quarter 2022 Investment Strategy Video: Bad News Is Good News
George Hosfield, CFA, shares our fourth quarter 2022 Investment Strategy video, in which he discusses the Fed raising interest rates in an effort to combat inflation and what that means for investors.
Fourth Quarter 2022 Wealth Management Insights: Strategic Tax and Philanthropic Planning
Read our fourth quarter 2022 Wealth Management Insights publication in which Mary Lago, CFP®, CTFA, Samantha Pahlow, CTFA, AWMA® and Chris Bixby, CFP®, EA share their thoughts on tax and charitable planning and strategic Roth IRA conversions.
Fourth Quarter 2022 Market Letter: Bad News Is Good News
Read our Market Letter publication for the fourth quarter 2022 titled, Bad News Is Good News, in which George Hosfield, CFA, Peter Jones, CFA, and Joe Herrle, CFA, share our thoughts on inflation, interest rates, the energy sector and housing supply in the United States.
Round Trip
Although investors hoped the change of seasons would bring a change to the news headlines, in recent days global central banks managed to stay front and center as the Bank of England and Bank of Japan took swift action to provide stability within their respective currency and bond markets. Domestically, Federal Reserve officials were busy defending their “unconditional” stance on tackling inflation. Not surprisingly, capital markets remained under pressure as the prospects of higher-for-longer interest rates and slower economic growth were being digested.
Ferguson Wellman Remains on Barron's Top 100 RIA Firms List for 2022
Ferguson Wellman Capital Management was named to Barron’s 2022 Top 100 RIA Firms list this week. Ferguson Wellman was listed at 75 out of 100 in the U.S. and was the only advisory firm to be recognized from Oregon.
Octavia Group: Ferguson Wellman's Private Family Office
Our Octavia Group team lead, Kirstin Havnaer, shares insights on Ferguson Wellman’s private family office for clients.
Fed Pain
Investors were expecting Wednesday's Federal Reserve announcement of a .75% increase in short-term interest rates. However, they were unprepared for Fed Chairman Powell's hawkish press conference afterward, resulting in a decline in both the stock and bond markets.
Social Security Claiming Considerations
Scott Christianson, CFP®, discusses the complexities of Social Security benefits and what our clients should understand before they file.
Can't Catch a Break
The hotter-than-expected August Consumer Price Index (CPI) data released this week was a shock to financial markets, as other recent measures had suggested a moderation of inflationary pressures. While there is clear evidence that energy and gasoline costs have declined since earlier this summer, broad-based increases observed in major categories like food (14% of CPI) and shelter (32% of CPI) reinforce that significant and upward price momentum remains intact.
Higher Rates to the Rescue
With second quarter earnings season complete, a relatively quiet week of company specific news was supplanted by central bank action in the European Union and Canada, with both raising their short-term interest rates by three-quarters of a percentage point. The European Central Bank (ECB) has now lifted rates off the zero bound, to 0.75%, but is behind both the U.S. Federal Reserve and the Bank of Canada in the amount of tightening already implemented.
Where Are the Missing Workers?
One of the most surprising economic impacts of the COVID-19 pandemic has been the changes in the employment market. As highlighted in the chart below, the number of job openings in this country is twice as large as the number of unemployed people. This highly unusual situation defies a simple explanation. [DH1] What happened? Where have the workers gone?
Medicare: Understanding the Basics
Samantha Pahlow, CTFA, AWMA®, discusses the basics of Medicare and how it fits into retirement planning.
No Blinking in the Tetons
The major event in the capital markets this week took place Friday morning in Jackson Hole, Wyoming. Every year, Federal Reserve Bank leadership meets for a conference to discuss current and future policy. Ahead of today’s meeting, some investors had been optimistic that Powell would soften his stance on the pace of tightening.
The Funambulist Fed
This year has been anything but straightforward for investors, and the most recent Fed minutes are prolonging this state of confusion. While we have seen some reduced inflation pressure in the last several weeks, the Fed minutes point out that “risks to inflation were weighted to the upside,” citing factors such as further supply chain disruptions, continued geopolitical turmoil and persistent real wage growth. For investors, the focus continues to surround the pace of Fed rate hikes for the remainder of the year.
Social Security Spousal Benefits
Charissa Anderson, CFP®, CDFA®, explains the various aspects of Social Security spousal benefits and how it fits into retirement planning.
Inflation Redux
The last time I wrote the blog was April 14 and inflation data was the topic du jour. Serendipitously, the July inflation announcement was the major market event this week. So, to keep me honest, let us revisit some items from the April post.
When Good News is Bad News
It’s always a strange time in the market when good economic data is treated as bad news. As investors, we can’t help but feel good about the jobs report today, even if it means the Fed will keep aggressively raising short-term interest rates in the coming months.