Consumer Sentiment Leads The Way. So What Is The Problem?


Consumer Sentiment Leads The Way. So What Is The Problem?

Today’s markets have been quite uneventful, but consumer sentiment leads the way! Consumer confidence is down, potentially influenced by upcoming election concerns and negative economic rhetoric. The breadth of stocks above their 50-day moving averages is low, indicating a bearish tone, despite strong performance in the tech sector, particularly semiconductors, driven largely by Nvidia. This uneven performance highlights the importance of staying agile and adaptable in investment strategies, as the economic environment is constantly shifting. Today we discuss...

  • How the markets have been quite boring due to a lack of significant movement.
  • The Dow Jones Industrial Average has been almost flat.
  • Only twelve stocks in the entire S&P 500 have hit new 52-week highs recently.
  • There are concerns about the economy and potential election results influencing market sentiment.
  • Real estate prices continue to rise despite affordability issues.
  • Growth stocks, particularly in the tech sector, are outperforming value stocks.
  • The US stock market is outperforming the rest of the world.
  • Modern Dow Theory suggests semiconductors are the new transports, indicating their importance in the current market.
  • Many indicators suggest caution is warranted in the current market environment.
  • Technology and AI, particularly companies like Nvidia, are driving market performance.
  • Inflation has significantly increased the cost of living, requiring much higher incomes to maintain the same standard of living as in the past.

"Cash is not trash... Cash is King"   - Kirk Chisholm

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Today's Guest:  Kirk Chisholm

Kirk Chisholm is a Wealth Manager and Principal at Innovative Advisory Group, an independent Registered Investment Advisor located in Lexington, MA. He has been providing wealth management services to individuals, executives, entrepreneurs, and their families since 1999. He is an outside the box thinker, risk manager, inflation expert, blogger, podcaster, and all-around interesting guy. Kirk is dedicated to developing lasting relationships with all of his clients and their families. One of the benefits of working with Kirk is his patience, empathy, and his ability to provide clear and easy-to-understand explanations to complex financial topics.

Kirk developed a unique philosophy for the wealth management industry called Risk Management First. The medical field has a similar way of thinking of “first do no harm”. This philosophy focuses on risk management for clients in all aspects of their lives in ways the industry does not address. Risk management does not stop with investments. It also requires working closely with other professionals to address areas of their financial lives not currently being met.

In 2008, Kirk co-founded Innovative Advisory Group to address the needs not being addressed by the wealth management industry. It started with specializing in alternative assets held in retirement accounts (i.e. self directed IRAs/401ks). Then the company expanded into the specialization of college funding (i.e. planning, strategy, and paying the least possible for a high quality education), Risk Management First, exit planning for business owners, advanced planning (estate, tax, etc), and providing practice management and leadership training to other financial advisors, accountants and attorneys. 

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