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MONECO's Weekly Wealth of Knowledge - Week of 10/05/2020

October 06, 2020

The Weekly Wealth of Knowledge is your download of this week's most important topics related to financial planning, the markets, and our community.

In this issue:

  • Home Sales Jump to 14-Year High (2 min read)
  • Market Performance: The Election (chart)
  • What is the Most Productive Time of Day? (5 min read)

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Click on the video below to meet our Strategic Marketing Intern, Lily Hendricks.

Home Sales Jump to 14-Year High

The housing market shows no signs of cooling off after record-high sales in the month of July. In fact, the housing sales pace is the highest since December 2006, right before the Great Recession. In the month of August, sales were 10.5% higher compared with August 2019. The only prevention of sales being higher is a lack of supply, which will soon affect housing affordability. Tough competition to find a house makes the market move quickly. It took approximately 22 days to sell a house in August, matching the current record. 

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Market Performance: The Election

The first presidential debate on Tuesday has us curious about the results of the election and its impacts on the stock market. To answer some of our reader's questions, we will be including a chart that graphically represents what has happened in past elections, leading up until election day. This week we have included a chart about how stocks can predict who will win the election in November. Since 1984, the stock market has accurately predicted the winner of the election every year. If you have any more questions, feel free to give us a call!

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What is the Most Productive Time of Day?

Our society is all about maximizing productivity. There seems to be a million tips on how to do this. Maybe you have tried a new diet or have started a new exercise routine in hope of getting better results. However, according to researchers at universities around the world, it isn't about what you're doing, it's about when you're doing it. So, when is the most productive time of day?

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