The Independent Investor
Strategies for Managing Your Assets
Dear Clients and Friends:

Welcome to the Fall, as we continue to wait for the market's other shoe to drop.

I recently returned from an inadvertent eco-vacation in upstate New York, visiting my brother, who works in environmental cleanup. He eats only from his garden and refuses to use air conditioning, dishwashers, or clothes dryers. It was a nice break from drought and fire, despite the abundance of eggplant, clothespins, and scratchy towels. Speaking of things environmental, check out the "Road to Decarbonization" below. Maine wins the prize with hydro, wind and biomass energy, but California sort of redeems itself with solar.

p.s. to Californians: Remember to vote before next Tuesday!

The S&P 500 Index has now been up seven months in a row. Isn't it time for a correction already? September and October are historically volatile for stock returns, so don't be surprised to see some pullback.

It bears repeating (pun intended) the old adage: the stock market is the only place where people run screaming from the store when things go on sale. If we do see a downturn, we'll be ready to snap up the bargains.

More Financial News
Stagflation and a return to the weak equity markets of the 1970s would be understandably scary. LPL has some insights into why this is unlikely.

The U.S. has made some bold decarbonization pledges, including a carbon pollution-free utilities sector by 2035. Here's how the States stack up.

Roughly 2.7 million children are being raised in "grandfamilies" and a new type of intergenerational housing is meeting their needs.

What We're Reading

This research material has been prepared by LPL Financial LLC. To the extent you are receiving investment advice from a separately registered independent investment advisor, please note that LPL Financial LLC is not an affiliate of and makes no representation with respect to such entity. Securities and Advisory services offered through LPL Financial LLC, a Registered Investment Advisor Member FINRA/SIPC.

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