First, markets stumbled during the early going in September, which isn’t surprising to us because seasonal weakness during this month is common, and our neutral posture reflects a suitable cautious outlook right now. Second, like so many homeowners in the City of Appleton and elsewhere, the sharp uptick in home prices has finally hit tax assessments, with higher valuations of 20-30% seeming to be common. Third, a very possible United Auto Workers’ strike is a reflection of the current inflationary spiral we’re in. The union is asking for a reduction in hours worked, improved benefits, and a 40% wage hike over the next 4 years. That’s consistent with wage hikes that workers in general saw in the 1970s.
Ok let’s jump right in – three minutes starts now.
Mark Scheffler, AIF® and CEO of Appleton Group LLC (an SEC-Registered Investment Advisor) hosts this Three Minute Trend Talk™, highlighting current investment and economic issues, clearTREND® recommendations for the positions used in all Appleton Group managed portfolios, global investment trends, and more (select 1080p HD for best resolution, 720p HD for slower connections). Investing involves risk. Past performance isn’t a guarantee of future returns. Nothing in our commentary constitutes investment advice tailored to any specific person. Information has been obtained from sources believed to be reliable, but the accuracy of the information cannot be guaranteed. Click here to view our current ADV disclosure document.
