In this issue:
- Moneco Insights – Navigating Market Volatility (3 min read)
- Shredding Day SUCCESS! (2 min read)
- Housing Starts Slide (3 min read)
- BONUS: 6th Annual Fairfield Police Sunset 5k – Presented by Moneco Advisors
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Moneco Insights – Navigating Market Volatility
As we continue with the theme of “safety” all month long, this week our Insights team looks at market volatility and ways to help navigate it from an investing standpoint. We will explore the nature of market volatility, its causes, and provide strategies for managing it effectively. As always, if you have any questions, we are here for you.
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Shredding Day Success!
Last week we held our Annual Shredding Day & Clothing Drive. Clients were encouraged to come down and see all of their personally identifiable information get shredded right before their very eyes. In addition, we once again partnered with Save A Suit, a local organization, with national reach, that collects professional attire for veterans returning to the workforce. The event was the best one yet, now in its seventh year. The shredding truck was full and so was Eric’s truck with suits, blouses, neckties and more! Thank you to all of our wonderful and generous clients for participating. We can’t wait to do it again next year.
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Housing Starts Slide
In the latest sign that the overall economy could be slowing, housing starts last week slid to their lowest levels since June of 2020. Plagued by higher interest rates, buyers are showing their reluctance to absorb not only higher rates, but also higher building costs due to inflation. As we have been saying, it is just another piece of recent data that could influence the FED’s next move on interest rates, when the convene again at the end of July. If you have any questions, do not hesitate to reach out.
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6th Annual Fairfield Police Sunset 5k – Presented by Moneco Advisors
The 6th Annual Fairfield Police Sunset 5K – Presented by Moneco Advisors is set for July 17th. All proceeds will be donated to the Fairfield Police Union Scholarship Fund & the Fairfield Police Foundation. You can run (3.1 mile) or walk (1 mile) course. We were able to increase the number of participants to 1000 this year and do expect to sell out, so don’t delay, sign up today for Fairfield’s most memorable night of the summer! Sponsorship opportunities available via the registration link as well.
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Important Information
This material is for general information only and is not intended to provide specific advice or recommendations for any individual. There is no assurance that the views or strategies discussed are suitable for all investors or will yield positive outcomes. Investing involves risks including possible loss of principal. Any economic forecasts set forth may not develop as predicted and are subject to change.
Moneco Advisors, LLC and LPL Financial are not affiliated with any other referenced entity.
This commentary reflects the personal opinions, viewpoints and analyses of the Moneco Advisors employees providing such comments, and should not be regarded as a description of advisory services by Moneco Advisors or performance returns of any Moneco Advisors client. The views reflected in the commentary are subject to change at any time without notice. Nothing in this commentary constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Moneco Advisors manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results.
References to markets, asset classes, and sectors are generally regarding the corresponding market index. Indexes are unmanaged statistical composites and cannot be invested into directly. Index performance is not indicative of the performance of any investment and do not reflect fees, expenses, or sales charges. All performance referenced is historical and is no guarantee of future results.
This material is for general information only and is not intended to provide specific advice or recommendations for any individual. There is no assurance that the views or strategies discussed are suitable for all investors or will yield positive outcomes. Investing involves risks including possible loss of principal. Any economic forecasts set forth may not develop as predicted and are subject to change. References to markets, asset classes, and sectors are generally regarding the corresponding market index. Indexes are unmanaged statistical composites and cannot be invested into directly. Index performance is not indicative of the performance of any investment and do not reflect fees, expenses, or sales charges. All performance referenced is historical and is no guarantee of future results. Any company names noted herein are for educational purposes only and not an indication of trading intent or a solicitation of their products or services. All index data from FactSet. The Standard & Poor’s 500 Index (S&P500) is a capitalization-weighted index of 500 stocks designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries. All information is believed to be from reliable sources; however, LPL Financial makes no representation as to its completeness or accuracy.