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Good morning!
Today is Election Day, and I want to take just a minute to remind you of the importance of making your voice heard. Voting is a fundamental right and a powerful way to shape the future of our community and country. Whether it’s local issues or national policies, your vote matters. Please, if you haven't already voted, take some time today to make your voice heard!
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Have cash or cash equivalents earning nothing or next-to nothing? It's a great time to invest in U.S. Treasury Bills, a short-term investment with little risk and easy liquidity. We'll post current rates of return here each Tuesday. Want to put your money to work? Call your advisor today! | | |
Expect some knee-jerk reaction and volatility from the markets as the national results are called, but remember, any initial volatility from elections is usually short-lived. The election isn't the only thing with the potential to rock the markets this week. Here's what's happening... | |
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Last week big tech posted strong Q3 earnings. Can the 1500+ companies reporting this week keep up the trend? This morning Apollo Global Management, Thomson Reuters, Emerson Electric, Marathon Petroleum, and Cummins report earnings followed Wednesday by Novo Nordisk, Toyota, Qualcomm, ARM, Gilead Sciences, and CVS. On Thursday, expect numbers from Arista Networks, Airbnb, Duke Energy, and Motorola Solutions, followed Friday by Orix, Telus, NRG Energy, Paramount, Lamar Advertising, and Trump Media & Technology. *
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Last week's disappointing jobs data hasn't impacted investors' expectations for another rate cut from the Fed. That's likely to happen Thursday, following its November meeting. Analysts expect a quarter-point rate cut, which would lower the Federal Funds Rate to a range of 4.5% to 4.75%. As always, it's the tea leaves in Chairman Jerome Powell's press conference speech afterwards that investors will be reading, looking for indications of an additional rate cut in December. **
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Oil prices rose more than 2% yesterday, following OPEC+'s decision to delay a planned production increase by another month. The move, which extends voluntary cuts of 2.2 million barrels per day until the end of 2024, reflects the group’s cautious approach amid volatile demand and economic uncertainties. The decision comes as oil futures have been fluctuating, influenced by factors such as faltering demand in China and increased supply from the Americas. Additionally, today's U.S. presidential election adds to market uncertainty, with potential policy changes impacting crude production and energy markets. ***
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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. | | | | |
