Pre-Election Message
By Jim Ewing on November 5, 2024
Happy November! We hope that this message finds you well. With the election countdown in the final stretch, we know that many are watching polls closely for any signs that may help indicate the potential outcome. Please know that financial markets are used to navigating change. While election results certainly matter, we believe that neither party is expected to achieve a strong enough majority to be able to pass their agenda without compromise. Our economy is currently thriving. While all of this is certainly subject to change in the quarters ahead, we currently have a relatively low unemployment rate and inflation has dropped dramatically from highs seen in the wake of the pandemic. Interest rates are declining, liquidity is ample, and the consumer is in good shape. Regardless of who will be taking office in January, we believe that the United States economy is resilient and will be able to navigate the impact of a potential change in leadership. Therefore, we encourage each of you to maintain a long-term perspective. While we share your concern for the future of our country, after you cast your vote, it is best to turn your focus back to your goals. We stand ready to advise and adjust portfolios as needed and are grateful for the continued opportunity to serve you and your families.
