Reviewing the CNR Economic Speedometers and our All-Weather Signal Score
October 25, 2022
Welcome to Wealth Enhancement & Preservation’s Market Minute, where we get to update you on everything that happened in the financial markets this week. My name is Jake Sanders, and I am a partner at Wealth E&P and operate as a Wealth Advisor and Certified Financial Planner. I hope that everyone is having a great week so far.
With the S&P 500 last week, we saw an increase of 4.7%; this was led by better-than-expected earnings. Technology, Energy, and Materials led all sectors; we actually have the opportunity to have the first positive month in what seems like a really long time.
However, with that, we're still down about 21% at the moment. Not surprisingly, there are a lot of negative headwinds out there. Among the negative attention is existing home sales, which fell 1.5% for the month of September; new housing starts were down over 8%. This is consistent with our City National Rochdale Economic Speedometer chart readings, which many of you have seen before.
As you can see above, there is a lot of red, a lot of yellow, and just a little bit of green. Also, in these areas, the most recent trend or movement is also negative. This is pretty consistent with our All-Weather score, which is a 4 out of 40 here at Wealth E&P. With that, a lot of our portfolios are positioned very defensively and they have been set that way for some time.
If you have any questions from us on how we’re handling that, would like a second opinion on your investments, want a risk profile, or would like a retirement projection, please feel free to reach out or visit www.wealthep.com. Otherwise, stay tuned for our next Market Minute! We appreciate you and hope you have a great rest of the week!
At Wealth Enhancement & Preservation, we are here to serve as your financial advisor and source of support in the Alpharetta, GA, Cartersville, GA, and Charleston, SC areas. Our advisors are dedicated to simplifying the complexities of the financial world and as your advocate, we strive to learn about your most valued goals and dreams. From individual investors to entrepreneurs, our services are designed for your success.