Good morning!

With national, state, and local elections only a couple weeks away, I'm sure you are wondering how your finances will be affected--no matter what the outcomes. Please join me next Friday, October 18 at 11 a.m. PDT for a timely webinar, Political Shifts & Personal Finances: What You Need to Know About Your Money & the Upcoming Elections. It's going to be interesting, and the information, outcomes, and effects on your finances are probably not what you are expecting. Please join me, and if you can't make it, register anyway to receive a link to the webinar after it concludes so you can watch it at your leisure. Also, feel free to share the invite with anyone you know who you think might be nervous about the upcoming elections and possible impacts on their finances.

Friday, October 18 @ 11 a.m. PDT

RSVP now to join live or

watch it later at your convenience!

• Earnings this week are few and far between--until we hit Friday, when Q3 earnings season kicks off with its usual financial bang. This morning, PepsiCo releases its Q2 report, followed Thursday by Infosys, Delta Airlines, and Domino's Pizza. The main event Friday includes Q3 numbers from JP Morgan Chase, Wells Fargo, Progressive, BlackRock, Bank of New York Mellon, and Fastenal. *

• The CPI (Consumer Price Index) arrives Thursday, providing a fresh update on how quickly price increases are falling toward the Fed's 2% inflation goal. Economists expect headline inflation to have increased by just 2.3% annually in September, down from a 2.5% rise in August. The August data represented the slowest year-over-year inflation rate since early 2021. On a month-over-month basis, prices are expected to rise by 0.1%. Core CPI, which excludes food and energy prices, is forecast to have risen 3.2% annually, consistent with August’s rate. Core CPI data is considered the Fed's second favorite inflation gauge, behind monthly PCE (Personal Consumption Expenditures) numbers. Monthly core price increases are anticipated to be 0.2%, lower than the 0.3% seen in August. PPI (Producer Price Index) data is due Friday. **

• The spotlight falls on Tesla Thursday, when Elon Musk's EV company unveils its long-awaited plans for its new Robotaxi at the Warner Bros. studio in Los Angeles. Tesla has struggled of late, with its shares falling 44% between the end of 2023 and April of this year on concerns about stagnating sales. Since then, shares are up 76% and actually up 0.64% for 2024. After recent gains, Thursday's unveil seeks to affirm that the company has its mojo back. Musk has been advocating the Robotaxi idea for months, arguing that it would revolutionize transportation, particularly in urban areas, as well as confirm the company's status as a leader in AI. ***

The financial advisors at Miramontes Capital diligently keep up with anything that can impact our clients' finances and tap into more than 175 years of combined investment experience. We do our all to keep your money protected and growing. If you think you might benefit from our financial experience and oversight, contact us today for a FREE, no-obligation consultation. Just call (800) 460-1595. Until next week...

Investment Advisory Services offered through Miramontes Capital, LLC. Securities offered through Balanced Security Planning, Inc. Member FINRA/SIPC. Miramontes Capital, LLC and Balanced Security Planning, Inc. are separate companies affiliated through common control. This newsletter is solely for informational purposes. Advisory services are only offered to clients or prospective clients where Miramontes Capital, LLC and its representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Miramontes Capital, LLC unless a client service agreement is in place.