Our office will be closed on Thanksgiving Day and Black Friday as we give thanks for all of the blessings in our lives--among those blessings are our clients.
We thank you for your patronage and appreciate your confidence in us. We are eternally grateful for the pleasure of serving you and meeting your investment needs.
From all of us at Loveless Wealth Management, we hope you have a safe and happy Thanksgiving Day! We will resume our normal operating hours on Monday, November 26th.
On October 3rd, the price of WTI crude oil5 rose to $76.24 per barrel, the highest in four years (Market Watch). By last Friday, the price had dropped 26% to $56.46. Included in the steep selloff was a decline that lasted a record-setting 12-straight days (WSJ), culminating in a 7% selloff on Tuesday.
The price of oil peaked on October 3 and has lost over 20% in 5 short weeks (WSJ).
Benefits of lower prices—
Some of us voted red, and some of us voted blue. So many things make the USA a great nation. Among others, our right to vote and exercising that right makes us all red, white, and blue.
There are many reasons why we choose our respective candidates. I won’t delve into the specifics. My job is to interpret various events through a very narrow lens – through the prism of an investor.
The question that typically arises following an election – how will the results impact the market? How might a change in leadership affect my portfolio?
The graphic below reviews various scenarios. For example, between 1928 – 2017 a Republican president has sat opposite a divided Congress for seven years. That is the situation we’ll be facing next year. The average annual return for the S&P 500 Index, including reinvested dividends, has been 12.0%.