• Menu
  • Skip to right header navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Before Header

440.974.0808

  • Facebook
  • LinkedIn
  • YouTube

Carver Financial Services

Helping you achieve your personal vision based upon your individual needs, goals and risk tolerance.

  • Our Approach
    • Personal Vision Planning®
    • Wealth Management Services
    • Team Advantage
    • Our Partnership with You
  • About Us
    • Meet the Team
    • Our History
    • Awards & Recognition
    • Randy’s Story
    • Philanthropy
    • About Raymond James
  • Resources
    • Our Videos
    • Client Communications
    • Randy’s Blog
    • Carver in the News
    • Carver Financial ROKU® Channel
    • Seminar Material
    • Client Access Videos
    • FAQs
    • Carver Merch Store
  • Experiences
    • Our Events
    • Client Getaways
  • Contact Us
  • Client Login
  • Our Approach
    • Personal Vision Planning®
    • Wealth Management Services
    • Team Advantage
    • Our Partnership with You
  • About Us
    • Meet the Team
    • Our History
    • Awards & Recognition
    • Randy’s Story
    • Philanthropy
    • About Raymond James
  • Resources
    • Our Videos
    • Client Communications
    • Randy’s Blog
    • Carver in the News
    • Carver Financial ROKU® Channel
    • Seminar Material
    • Client Access Videos
    • FAQs
    • Carver Merch Store
  • Experiences
    • Our Events
    • Client Getaways
  • Contact Us
  • Client Login

September’s volatility extends into October

The first week and a half of trading this month took investors on a wild ride. The Dow Jones Industrial Average, for example, posted its biggest point gain and loss back to back for the first time since 1997, according to the Wall Street Journal. Tuesday’s 273-point “Dow Dive” was reversed by Wednesday’s 275-point “Dow Wow.” But then the Dow slumped again, dropping 335 points on Thursday. Other indexes were not immune, with the Nasdaq, S&P 500 and the small-cap Russell 2000 dropping sharply during the week. A roller coaster ride to be sure, but all three major indexes are still up year to date. The Dow is up just 0.5% for the year; the S&P 500 is up 4.3% and the Nasdaq has gained 4.8% thus far.* And earnings report season has just begun, with companies like PepsiCo and Alcoa beating analysts’ estimates.

The recent sell-off focused on energy companies, likely triggered by a drop in crude-oil prices and fears that global growth is slowing, particularly in Europe and China. While weaker global growth is expected to have an impact on many U.S. firms, it may have some benefits for the broader U.S. economy. The stronger dollar is putting downward pressure on commodity prices. Lower prices at the pump should boost consumer purchasing power, which would have a positive impact during the important holiday shopping period and support stronger consumer spending growth into early 2015.

Volatility is to be expected as part of a normal, healthy market. Long-term investors have faced ongoing geopolitical concerns and general nervousness over the Federal Reserve’s eventual move to raise interest rates at some point next year. “The Fed has plenty of time to decide when to begin raising short-term interest rates,” explained Chief Economist Scott Brown. “The economic figures over the next several months should dictate that decision.” However, weaker growth in Europe and the strong dollar’s impact on inflation will likely delay the Fed’s initial hike, and increased capital inflows should keep long-term interest rates relatively low.

As always, we remain focused on making progress toward your long-term goals. Of course, we’ll continue to monitor developments in the markets and the latest economic data, as well as any global news. And, we’ll be sure to share any trends that could affect your long-term financial plan.

In the meantime, if you’d like to discuss recent market events or want to review your portfolio as we head into year-end, please call us.  We look forward to speaking with you.

 

 

 

Investing involves risk, and investors may incur a profit or a loss. Past performance is not an indication of future results. Investors cannot invest directly in an index. The Dow Jones Industrial Average is an unmanaged index of 30 widely held stocks. The NASDAQ Composite Index is an unmanaged index of all common stocks listed on the NASDAQ National Stock Market. The S&P 500 is an unmanaged index of 500 widely held stocks. The Russell 2000 Index is an unmanaged index of small cap securities which generally involve greater risks. The performance noted does not include fees or charges, which would reduce an investor’s returns. There is no assurance the trends mentioned will continue.   Market letter data and information is compiled from a variety of reputable resources, including Raymond James financial experts, such as Chief Economist Scott Brown and Chief Investment Strategist Jeff Saut. Our research also uses third-party sources, such as Federal Reserve publications, CNBC, CNNMoney, Bloomberg and Yahoo Finance. The information is then vetted through the relevant product areas, as well as compliance and editing before being distributed.

 

*Price returns as of October 9, 2014.

 

Category: Blog

Previous Post: « Volatility & Risk
Next Post: The World Is A Scary Place »

Footer

Let’s Get Started


We’re ready to help you achieve your vision. Contact our team today.

Contact us

OUR APPROACH
ABOUT US
RESOURCES
EXPERIENCES

CONTACT US

OUR OFFICES
7473 Center St.
Mentor, OH 44060
Phone: 440.974.0808
Toll-Free: 800.627.7279
Email: carverfinancialservices@ raymondjames.com

STAY IN TOUCH
         

RECOGNIZED BY
    

         

(Please click here for award criteria & disclosures.)

Securities offered through Raymond James Financial Services, Inc. member FINRA / SIPC. Investment advisory services offered through Raymond James Financial Services Advisors Inc. and Carver Financial Services Inc. Carver Financial Services is not a registered broker/dealer and is independent of Raymond James Financial Services.

Raymond James financial advisors may only conduct business with residents of the states and/or jurisdictions for which they are properly registered. Therefore, a response to a request for information may be delayed. Please note that not all of the investments and services mentioned are available in every state. Investors outside of the United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this site. Contact your local Raymond James office for information and availability.

Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed websites or their respective sponsors. Raymond James is not responsible for the content of any website or the collection or use of information regarding any website’s users and/or members.

Site Footer

Copyright © 2023 · Carver Financial Services, Inc. · Our Privacy Policy · Member FINRA/SIPC