Let's show love and appreciation to our neighbors who do us good throughout the year! Now more than ever it's important to be a "good neighbor". So on National Be a Good Neighbor Day we prompt you to call a friend, help out a neighbor who maybe can't make it outside for groceries and continue to shop small to support our local neighborhood businesses.
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The holiday was created by Becky Mattson of Arizona in the 1970s as a way to encourage neighbors to be good to each other. In 1978, then American President, Jimmy Carter issued a proclamation that designated September 24, 1978 as National Good Neighbor Day.
The September weakness continued with the S&P 500 Index 9.6% off the all-time high set on September 2 (as of 9/23/20). It is important to remember that after a 60% rally in the S&P 500—and much more in some of the large cap tech stocks—this type of seasonal weakness is normal and expected.

Speaking of seasonal weakness, the second half of September historically has been one of the worst periods of the year for stocks, as shown in our chart below.
Another angle on this is showing how each day of the year does. Again, we are in the sweet spot for potential rocky seas.
“To see some late-September weakness after a record 60% rally shouldn’t be too surprising,” explained LPL Financial Chief Market Strategist Ryan Detrick. “What might surprise some investors, though, is that after some of the previous best six-month rallies ever, in a lot of cases, the strength continued going out a year.”

As shown in the LPL Chart of the Day, the recent rally was one of the best six-month rallies ever for the S&P 500. Looking at all the previous rallies that gained at least 30%, returns are somewhat muted near term. But going out a full year, prices have typically moved higher, up seven out of eight times a year later.
CWMP is proud to introduce you to Michele Wintersteen
Michele will be filling in for Nate Abraham while he is out of the office for the birth of his baby daughter. She will take over the many tasks and responsibilities that Nate has as part of our team, which also includes calling clients. Because Michele is also based out of San Diego, she will be calling with a San Diego number, which will show up on your caller ID.
Please welcome Teresa Stroesser to CWMP!
Teresa joined our team to help support our marketing efforts and to ensure we are keeping our clients up to date on the latest trends. The emails and social media posts you see are all due to her efforts. We are grateful to have her on our team!
LPL 2020 Midyear Outlook: The Trail to Recovery
The LPL Research Midyear Outlook 2020: The Trail to Recovery is here to guide us on the path to economic and market recovery and what to expect in the 2020 elections.
Are you ready to prepare your family for their financial future?
Many of our clients ask how they benefit from taking action and initiating a Financial Plan for themselves. When you sign up for our CAPS program,
you will get access to: A personalized financial plan, a place to keep all of your accounts in one location and a secure place to store your important documents.
Cornerstone Commentaire
The good neighbor looks beyond the external accidents and discerns those inner qualities that make all men human and, therefore, brothers.”
Dr. Martin Luther King
Stay Safe, Stay Kind, Stay Strong, Stay Well
Our office will remain closed due to rising concerns of COVID-19 spreading. That said we will be in the office and working, just safely with the doors closed. We look forward to having you hopefully in the office soon.
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