Monthly Market Matters - November 2022

October was the welcome reversal of a difficult September. Strong Valley team members, Adam and Chris, recap the month of October and talk about key factors that caused the Market to rally, plus a discussion on the silver lining to rising rates.

Here are some of the topics we cover in this monthly update:
• October performance recap
• Fed targets for interest rates
• Updated inflation information
• Questions on I-Bonds: We did a segment explaining I-Bonds and the pros/cons in our previous quarter roundtable. We’ll link that here with the exact spot the discussion begins: https://youtu.be/hTPwjzHqOAs?t=1250

You can stay up-to-date with the quarterly updates by following us at strongvalley.com/podcast, or by subscribing to the Strong Valley podcast on iTunes.

Charts/stats used were distributed by Nuveen (a TIAA Company). Sources: All market and economic data from Bloomberg, FactSet and Morningstar.

Disclosure:
This material contains an assessment of the market and economic environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. All investments involve risk, including loss of principal. Forward-looking statements are subject to certain risks and uncertainties. Actual results, performance, or achievements may differ materially from those expressed or implied. Information is based on data gathered from what we believe are reliable sources.

Additional Disclosures:
International investing involves special risks such as currency fluctuation and political instability and may not be suitable for all investors. These risks are often heightened for investments in emerging markets.

The Standard & Poor's (S&P) 500 Index tracks the performance of 500 widely held, large-capitalization U.S. stocks.

The NASDAQ Composite Index is a market capitalization price-only index that tracks the performance of domestic common stocks traded on the regular NASDAQ market as well as National Market System-traded foreign common stocks and American Depository Receipts.

The MSCI EAFE Index is an equity index which captures large and mid cap representation across 21 Developed Markets countries* around the world, excluding the US and Canada. With 799 constituents, the index covers approximately 85% of the free float- adjusted market capitalization in each country.

The Bloomberg Barclays Aggregate Bond Index is a market value-weighted index that tracks the daily price, coupon, pay-downs, and total return performance of fixed-rate, publicly placed, dollar-denominated, and non-convertible investment grade debt issues with at least $250 million par amount outstanding and with at least one year to final maturity.

The Consumer Price Indexes (CPI) program produces monthly data on changes in the prices paid by urban consumers for a representative basket of goods and services (Source: The S&P CoreLogic Case-Shiller Home Price Indices are the leading measures of U.S. residential real estate prices, tracking changes in the value of residential real estate nationally. U.S. Department of Labor).

Series I savings bonds protect you from inflation. With an I bond, you earn both a fixed rate of interest and a rate that changes with inflation.

Source Links:
https://www.cnbc.com/2022/10/30/stock-market-news-futures-open-to-close.html
https://tradingeconomics.com/united-states/currency
https://www.realclearpolitics.com/
https://www.cbsnews.com/news/i-bond-demand-crashes-treasury-website-ahead-of-9-6-rate-deadline/
https://www.treasurydirect.gov/auctions/announcements-data-results/