We hope everyone is enjoying the mild temperatures and colors of fall!
First note of business – in December 2018, your Access Online will require a two-factor authentication for all client access. If you have questions or need assistance updating your information, please contact Access Online support at 877-488-3748.
In our newsletters, we have been eluding to the fact that we might see some volatility enter the market sooner or later for the last 8-12 months. Last week, we finally saw the market react to some major story lines. Those story lines consist of rising interest rates, the effects of raising tariffs on goods entering the country (resulting in higher costs for companies and our checkbooks), higher oil prices and the IMF lowering global growth numbers. We don’t see a recession in the near future but there are factors at play that could slow growth in the markets going forward.
Toys for Tots - Last year, WaterFront Wealth was the top contributor in the Overland Park area for collecting toys. We will kick off the Toys for Tots campaign again this year on November 1st. Please consider bringing an unopened toy by the office to help local children in need this holiday season. The last day for donations will be December 3rd 2018.
Holiday Open House - Thursday, November 29th 2018, 4pm-8pm (invitation attached)
Please mark your calendars and RSVP if you can make it. We hope to see you there!
Our first piece is a short report from Lord Abbett. It talks about the interest rate hike we just experienced and talks about how many more hikes we might see before the middle of next year.
Our second article is written by Phil Orlando, Chief Equity Market Strategist at Federated Investors. He also talks about the last rate hike and how that ties into the last GDP report we received (which shows our economy is still growing).
Your WaterFront Wealth Team