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Weekly Wealth of Knowledge - Week of 5/8/23

May 09, 2023

The Weekly Wealth of Knowledge is your download of this week's most important topics related to our community, financial planning, and the markets.  May kicks  off  "elder care" month at MONECO Advisors. All month long we will be providing you content surrounding some of the unique financial challenges facing our seniors today. Whether you are in your Golden Years or assisting someone who is, we are confident that you will find the information helpful.

In this issue:

  • Team MONECO - Giving Back (2 min read)
           •  Defining Companion Care (4 min read)
           •  Investor Sentiment Tested (3 min read)

BONUS:Fairfield Police Sunset 5k - Presented by MONECO Advisors

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Team MONECO - Giving Back

By actively participating in our local community, the team at MONECO Advisors has the opportunity to create meaningful and positive impacts in the places where we live, work, and raise our families. Our very own Colleen Galushko (pictured below left) attended “hipbees at the spelling bee” put on by Wallingford Education Foundation. This is an annual fund-raising event the Wallingford Education Foundation hosts where all the registration fees and proceeds go to the Wallingford Public Schools.

The Wallingford Education Foundation is a non-profit, community-based partnership supporting educational innovation and excellence in Wallingford.  They raise funds through events and grants for educational projects, programs, technologies, and initiatives which are not typically within the parameters of the school system’s budget.  They also administer philanthropic bequests for grants and scholarships. We are proud to support such a great organization like this one!


Defining Companion Care

As we continue with the theme of "elder care" all month long at MONECO, this week we have a look at companion care, the different types, costs and the steps you need to take now if you see yourself as a recipient of it later in life. In addition, the best places to find it and other critical details you should consider. If we can assist in any way, do not hesiate to reach out. 

Click to Read Full Article´╗┐


 Investor Sentiment Tested

Spring is often thought of as an uplifting time, marked by growth and renewed hope as we emerge from the long months of winter and look ahead to the rest of year. Investors saw signs of such renewed hope in recent weeks, especially on the inflation front as several inflation measures showed signs of improvement. We also saw markets stabilize after the surprisingly fast collapse of Silicon Valley Bank. But although it initially appeared that a stable spring would set the markets up for a calm, quiet summer, a flurry of recent activity is testing investor sentiment.

Another bank collapse also put investors a bit on edge as JPMorgan—with financial support from the FDIC—will acquire First Republic Bank, the second biggest bank to fail in U.S. history. The story was similar to Silicon Valley Bank, with a concentrated and wealthy deposit base and mismanaged bond portfolio. These unique characteristics and a government backstop make any other large bank failures unlikely in the near term, though sentiment around bank conditions is fragile.

In other significant news, Treasury Secretary Janet Yellen warned that the date when the U.S. might not be able to pay its bills is fast approaching, if the debt ceiling is not raised or suspended soon. With the time for debate shrinking, the Treasury encouraged Congress not to wait until the last minute to resolve the debt ceiling issue (as they did in 2011). This urgent warning may actually provide a silver lining for investors, however, if Congress is pushed to resolve the issue sooner and avoids a summer-long Congressional debate. Markets may stabilize once the debt ceiling issue is resolved and the Fed ends its current interest rate tightening campaign.

Looking ahead, we see several signs of health for the economy and markets, such as delinquency rates on consumer loans still below pre-COVID-19 levels. Although business hiring intentions have slowed and consumers are pulling back on spending, we do not see the types of cracks we observed in the years leading up to the Great Financial Crisis. We may not have a clear path for growth just yet, with some banks still under duress and the debt ceiling yet unresolved, but we believe the upward trajectory remains thanks to a relatively healthy consumer base.

As always, if you have any questions, we are here for you


Fairfield Police Sunset 5k - Presented by MONECO Advisors

The 5th Annual Fairfield Police Sunset 5K is Presented by MONECO Advisors and will be held again this year on July 19th at 6:30P.M. All proceeds will be donated to the Fairfield Police Union Scholarship Fund & the Fairfield Police Foundation. You can run (3.1 mile) or walk (1 mile) course. We were able to increase the number of participants to 1000 this year and do expect to sell out, so don't delay, sign up today for Fairfield's most memorable night of the summer! Sponsorship opportunities available via the registration link as well.

Register Today!

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.

 There is no assurance that the views or strategies discussed are suitable for all investors or will yield positive outcomes. Investing involves risks including possible loss of principal. Any economic forecasts set forth may not develop as predicted and are subject to change.

References to markets, asset classes, and sectors are generally regarding the corresponding market index. Indexes are unmanaged statistical composites and cannot be invested into directly. Index performance is not indicative of the performance of any investment and do not reflect fees, expenses, or sales charges. All performance referenced is historical and is no guarantee of future results.