Like us on Facebook!
The U.S. Federal Reserve has been around for over 100 years.
The Markets

It wasn’t headline news…

But, if newsprint was still popular, last week’s key economic news would have appeared below the fold. 

The Federal Reserve raised rates for the third time in 2018, as expected. In addition, the Federal Open Market Committee projects economic growth will continue for three more years, although its median numbers show growth slowing from 3.1 percent in 2018 to 1.8 percent in 2021. (Remember, forecasts, no matter how venerable the source, are best guesses and not bedrock.)

Investors weren’t enthusiastic about the Fed’s actions or its expectations, and the onset of United States-China tariffs didn’t lift their spirits. Ben Levisohn of Barron’s explained:

“The Dow Jones Industrial Average dropped 285.19 points, or 1.1 percent, to 26,458.31 on the week, while the S&P 500 fell 0.5 percent to 2913.98. Neither could be considered life threatening, and the S&P 500 still rose for a sixth consecutive month. So, while we need something to blame, we needn’t get too worried. Last Monday kicked off with the implementation of tariffs by the United States and China and continued with a Federal Reserve rate hike. Neither was a surprise, though the Fed might have caught a few napping when it removed the word ‘accommodative’ from its statement.”

What does it mean when the Federal Reserve removes the word ‘accommodative?’

The Fed pursues ‘accommodative’ or ‘easy’ monetary policy when it is encouraging economic growth. Accommodative policy may include lowering interest rates or, in unusual circumstances, quantitative easing.

By removing the word, the Fed may be signaling that policy will be ‘tightening’ in an effort to prevent the economy from overheating, reported Sam Fleming of Financial Times. There is debate about whether rates are at a neutral level; one that won’t cause the economy to run too hot or too cold.

Let’s hope for a Goldilocks economy. 
Don’t worry. This isn’t about soul-searching and trying to find answers to existential questions like, ‘Who am I?’ or ‘What is my purpose?’ or ‘How should I live my life?’ 

Nope. This is about a science experiment!

Ian Krajbich of Ohio State University and Fadong Chen of Zhejiang University in China wanted to better understand how people made social decisions, according to a paper they published in Nature Communications. They began with the premise that “Social decisions typically involve conflicts between selfishness and pro-sociality.”

Then, they asked 200 students in the United States and Germany to play “mini-dictator games in which subjects make binary decisions about how to allocate money between themselves and another participant.”

Science Daily explained, “In some cases, participants had to decide within two seconds how they would share their money as opposed to other cases, when they were forced to wait at least 10 seconds before deciding. And, in additional scenarios, they were free to choose at their own pace, which was usually more than two seconds but less than 10.”

The upshot was people who were pro-social became more pro-social, and people with more selfish instincts became more selfish, under severe time constraints. Given more time, “pro-social subjects became marginally less pro-social under time delay…while selfish subjects became less selfish under time delay…though these effects are less pronounced.”

Maybe you behave most like you when you’re pressed for time.

Weekly Focus – Think About It 
“Selfishness is not living as one wishes to live, it is asking others to live as one wishes to live.”
--Oscar Wilde, Irish poet and playwright
Technology Today

Technology has changed our lives forever through various ways. It has changed our day-to-day life in all aspects. It has made some benefits to our life as well as disadvantages to our life. It has also deprived a lot of things of our life like mailing greeting cards, letters to our loved ones, etc. today we are more dependent on technology such that we can’t exist a single day without mobile, social media, etc.

Virtual chat
Earlier whenever we wanted to contact our friends and relations the only option was to give a call to know about their whereabouts. However today we have come much closer than earlier. We know the person’s day to day life through the status but through the social media, we cannot make out the emotions that are involved. Instead of making a phone call we prefer chatting with the person online through Facebook chat and Twitter we feel more comfortable than the traditional phone calls. Even the important conversations are made through email and chat instead of personal meetings.

Learning system
The teaching pattern has been totally changed when we were young, we used to share notes with friends however now the notes system is disappeared as we save everything on a computer and share it through email. Even the virtual classrooms are more popular nowadays. You can get the knowledge on any subject from all over the world with the help of the online tutor. Whatever is your age, through such advancements, you can join the virtual classroom at your convenient time and from your flexible place.

Reading books
Earlier we used to purchase our favorite author books from a bookstore, however, there is no need to go to the bookstore most of the books are converted as an e-book you can find all types of books are available online now. Many shopping sites sell these e-books at a discounted rate online you also get a wide variety of options. You can take your own time to select the book as there is no bookseller to keep a watch on you. For specific reading, Amazon developed Kindle, a small electronic device you can read the books downloaded on Kindle and no need to carry books with you wherever you may go.

Everything with a click
With the technological advancement, we can do things with a click. In past individuals used to leave home for shopping, banking, hotel booking, booking tickets, dining, purchasing groceries, etc. now everything can be done online which has made our life easy. Owing to this we leave home a lesser number of times. Today, most of them travel only whenever it is quite necessary. As all other things are done online, we mostly live indoors and get very less fresh air which is not quite good for our health.

Parenting was like teaching kids through their own experiences. Even the books were the friends of kids and parents. There was no internet to show information on a topic and the videos. Parents use to prefer mostly the books, newspapers to teach their kids. With the advancement of technology, parenting has also been taught online. If parents want to teach their kids, they just go online in search on the topic. It is a boon to parents who wants to teach their kids everything before their age.

Quality time
Today we spend very less quality time with our loved ones. Technology every time interrupts when we decide to spend quality time. A phone call, WhatsApp message, twitters feeds may disturb you. Individuals who are on vacation can’t stop themselves from checking their status, Facebook photos, twitter feeds, etc.

We spend time on unnecessary things
We connect with lots of people, friends, and relatives with the social media. Whenever we are free, we go on social media to chat with friends to see others profiles and know them their profile. Even though it is not so important for us and our life we still go on surfing users are so addicted towards the internet that they go on surfing unnecessary things on search engines.

Technology has created lots of opportunities for us and the future generation however now it depends on us how to utilize it and not get much addicted to Technology.
October Facts Edition - Did you know?
October was the name of the eighth month of the year in the ancient Roman calendar. In Latin, octo means eight. When the Romans converted to a 12-month calendar, the name October stuck, even though it’s now the 10th month.
* Securities offered through LPL Financial Member FINRA/SIPC.
* This newsletter was prepared by Peak Advisor Alliance. Peak Advisor Alliance is not affiliated with the named broker/dealer. 
You cannot invest directly in this index.
* The Standard & Poor's 500 (S&P 500) is an unmanaged index. Unmanaged index returns do not reflect fees, expenses, or sales charges. Index performance is not indicative of the performance of any investment.
* The 10-year Treasury Note represents debt owed by the United States Treasury to the public. Since the U.S. Government is seen as a risk-free borrower, investors use the 10-year Treasury Note as a benchmark for the long-term bond market.
* Gold represents the London afternoon gold price fix as reported by the London Bullion Market Association.
* The DJ Commodity Index is designed to be a highly liquid and diversified benchmark for the commodity futures market. The Index is composed of futures contracts on 19 physical commodities and was launched on July 14, 1998.
* The DJ Equity All REIT TR Index measures the total return performance of the equity subcategory of the Real Estate Investment Trust (REIT) industry as calculated by Dow Jones.
* Yahoo! Finance is the source for any reference to the performance of an index between two specific periods.
* Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.
* Past performance does not guarantee future results.
* You cannot invest directly in an index.
* Consult your financial professional before making any investment decision.
* Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful.
* Stock investing involves risk including loss of principal.
his information in not intended to be a substitute for specific individualized tax or legal advice. We suggest that you discuss your specific situation with a qualified tax or legal advisor.
* The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basked of consumer goods and services.
* Harmonized Indexes of Consumer Prices are measures of consumer price inflation that have been standardized across multiple countries based on European Union definitions. A monthly report compiles HICP trends for 16 economies, alongside conventional Consumer Price Indexes (CPI) as measured by national governments.
* To unsubscribe from the Weekly Market Commentary please reply to this e-mail with "Unsubscribe" in the subject line, or write us at 60 Four Mile Drive, Suite 9, Kalispell, MT 59901 

Sources: (or go to (Table:
Change in real GDP)
toll-1538182108 (or go to