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Weekly Wealth of Knowledge - Week of 12/12/22

December 13, 2022
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The Weekly Wealth of Knowledge is your download of this week's most important topics related to our community, financial planning, and the markets. December kicks off "small business" month at MONECO.  All month long we will be highlighting ways we can all support small businesses within our local communities this holiday season and beyond. We would also like to take this time to wish all of you and your families a safe & happy holiday season!

In this issue:

       •  MONECO Giving Back (2 min read)
       •  Outlook 2023 - Finding Balance (worth every minute)
       •  Jobless Claims Hit 10 Month High (2 min read)

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MONECO Giving Back

At MONECO, we pride ourselves in striving to always be giving back to the communities which we are so fortunate to serve, not just around the holidays, but all year round. This week, we wanted to highlight another one of our own, Derrek Metz, Managing Partner and his wife Polly. For over 16 years, every December, they literally open their doors to invite family, friends and co-workers to not only celebrate the spirit of the holidays, but also use the event to support a charity that is near and dear to their hearts, the Ronald McDonald house in New Haven, CT. All in attendance were asked to bring toys and to say everyone listened, is an understatement. Much of the MONECO team from all of our offices came to support the cause and it was great to meet so many other like minded individuals and their giving spirit. With the amount of toys that were collected, we may just be soliciting vehicles next week to help Derrek & Polly deliver them all to New Haven!

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Outlook 2023 - Finding Balance

2022 has been a turbulent year with lots of areas of uncertainty, both in and out of the financial markets. As we look to ring in 2023 next month, LPL's research team is taking a look at what it may have in store. This year's outlook discusses ways to find balance. It takes a look at asset classes, our current political landscape, overseas markets, the strength of the dollar and everything in between and how it all could potentially impact your financial plan. 

´╗┐Click to Read Full Article

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Jobless Claims Hit 10 Month High

Despite the inflationary environment we have been in for the better part of the year, the labor market has remained strong, potentially influencing how the Federal Reserve is strategizing on rate hikes. Although it may seem counterintuitive to highlight an increase in those filing for unemployment benefits, it is yet another indicator that the economy is cooling off and that is what the Federal Reserve wants to see so they can  eventually stop tightening. As always, if you have any questions, do not hesitate to reach out to the office. 

Click to Read Full Article!´╗┐

The opinions voiced in this material are for general information only and are not intended to provide specific financial or tax advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.