Market Insight September 25, 2023

Our weekly market insight provides timely and accurate information on the financial landscape. We deliver tailored insights on different aspects of the market, economic indicators, and our investment strategy.

Cautious Start to the Week

What is it?

Markets were under moderate pressure this morning. News around Chinese real estate came out yesterday. Their markets felt the impact with stocks down over two percent on Monday.*

Why does it matter?

We have limited exposure to Chinese derived investments. International stocks seemed to be impacted more. The U.S. markets brushed off that news and finished slightly higher on most benchmarks. Stocks were down last week so this is a modest step in the right direction. However, the market has not had much optimism lately with many stocks falling to new lows for the year. 

Markets are Struggling in September

What is it?

Stocks struggled to move up to higher levels last week. That remains the case so far in September. The Fed has held strong to the narrative that they will keep rates high. Interest rates staying elevated could help the Fed tame inflation. 

Why does it matter?

The market could hit a breaking point if higher interest rates are maintained for too long. We are adjusting the portfolios this week based on our analysis. Broadly speaking we are selling some stocks to reduce our risk exposure. We will use our tactical approach to buy and sell into positions as we see fit within the portfolios. 

Other articles we found interesting this week:

Longer-dated U.S. yields continue to rise on Fed rate outlook

Big media shares shed gains as focus shifts to actors’ strike

Amazon to Invest Up to $4 Billion in AI Startup Anthropic

Current 401(k) portfolio

Our last 401(k) portfolio reallocation: 8/14/2023. 

Want more information?

The weekly market insight provides a window into the process we use in our investment management process. At Breakaway, we believe markets are always changing and require a nimble yet data-oriented approach. 

Our process attempts to identify trends and momentum in the financial markets. With that information, we align our clients’ portfolio accordingly in the hope to help our clients accomplish their life goals while attempting to lower the risk of a large drop in their portfolio.

Click here for more details about our investment management 

Sources:

*Eren Sengezer. “Markets turn cautious to start new week”. FX Street. 9/25/2023. https://www.fxstreet.com/news/forex-today-markets-turn-cautious-to-start-new-week-202309250626

**Vivien Lou Chen and William Watt. “U.S. stocks try to shake off rising yields as equities face losing September”. MarketWatch. 9/25/2023. https://www.marketwatch.com/story/s-p-500-futures-bounce-off-three-month-low-24458534?mod=market-snapshot

IMPORTANT DISCLOSURES: 

Educational use Only. The market update published by Breakaway Financial Group LLC (“Breakaway”) is intended to be educational in nature and is not intended to be a recommendation for any specific investment product, strategy, plan feature or other purposes. Accordingly, it should not be construed by any consumer and/or prospective client as solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation. 

Advertising and Marketing. Communications such as this are not impartial and are provided in connection with advertising and marketing. This material is not suggesting a specific course of action or any action at all. Prior to making any investment or financial decisions, an investor should seek individualized advice from a personal financial, insurance, legal or tax professional that takes into account all of the particular facts and circumstances of an investor’s own situation. No person associated with Breakaway is a licensed attorney or tax professional and the information contained herein should not be considered tax or legal advice. 

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Important Information regarding Registration Breakaway Financial Group, LLC and/or Patrick Traverse offer investment advisory and financial planning services through Belpointe Asset Management, LLC, (“Belpointe”)500 Damonte Ranch, Parkway Building 700, Unit 700, Reno, NV 89521, an investment adviser registered with the Securities and Exchange Commission (“SEC”). Registration with the SEC should not be construed to imply that the SEC has approved or endorsed qualifications or the services Belpointe offers, or that its personnel possess a particular level of skill, expertise or training. It is important to read disclosures pertaining to Belpointe Asset Management at this link https://belpointeasset.com/disclosure/.  Additional information about Belpointe and Patrick Traverse is available on the SEC’s website at www.adviserinfo.sec.gov.

Craig Stahlecker

Craig Stahlecker

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IMPORTANT DISCLOSURES:
The information provided is intended to be educational in nature and is not intended to be a recommendation for any specific business or tax strategy, plan feature or other purposes. Accordingly, it should not be construed by any consumer and/or prospective client as solicitation of services.

Communications such as this are not impartial and are provided in connection with advertising and marketing. This material is not suggesting a specific course of action or any action at all. Prior to making any business or tax planning decisions, an individual should seek individualized advice from a personal financial, tax, legal, or business consultant professional that takes into account all of the particular facts and circumstances of an individual’s own situation. No person associated with Breakaway Financial Group LLC is a licensed attorney, and the information contained herein should not be considered legal advice.