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TCM Weekly Market Insights

 
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Greetings!

The Week on Wallstreet



Stocks ended last week mixed as strong economic data, cooler job growth, and the 10-year Treasury yield topping 5.29 percent pulled markets in different directions. The S&P 500 slipped 0.27 percent and the Dow fell 1.26 percent, while the Nasdaq gained 0.45 percent and touched a fresh intraday record. Q2 GDP was revised up to 2.2 percent, but September job growth slowed to just 29,000 jobs. With inflation holding at 3.4 percent, investors are watching closely to see what the Fed does at the end of the month.

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Many happy returns on life, 

   

Jonathan Torrens CFP®

President & Chief Investment Officer

 

TCM Wealth Advisors 

66 South Miller Road, Suite 202

Fairlawn, Ohio 44333-4179

 

(330) 836-7000


jon@tcmwealthadvisors.com



www.tcmwealthadvisors.com

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Since his puppyhood, Rafferty Macaroni Torrens has proudly served as our Chief Morale Officer (CMO). As the tiniest and only "Converse Chuck Taylor-wearing" member of the Akron Children's Hospital Doggie Brigade, Rafferty reports for duty every Friday morning, bringing comfort, joy, unconditional love, and fluffy warm cuddles to young patients, their families, and ACH hospital staff. You can follow Rafferty's Weekly heartwarming adventures at Akron Children's Hospital on Instagram at: @raffmondoodle

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The data presented in this material originates from sources believed to be accurate. However, please be aware that investing is accompanied by inherent risks. Past performance is not a predictor of future outcomes. This content is not intended as investment, tax, or legal advice, and it shouldn't be used to evade any Federal tax penalties. It doesn't serve as a solicitation or recommendation to buy or sell any investment or insurance product. It should not be the primary basis for investment decisions. When discussing market indices, they are all unmanaged, and it's important to note that investors can't directly invest in them. Specific indices mentioned include: Dow Jones Industrial Average (DJIA): A price-weighted index of 30 actively traded blue-chip stocks. NASDAQ Composite Index: An unmanaged, market-weighted index of all OTC common stocks on the National Association of Securities Dealers Automated Quotation System. Standard & Poor's 500 (S&P 500): Represents a broad swathe of the stock market. Furthermore, the NYSE Group, Inc. (NYSE:NYX) oversees two securities exchanges the New York Stock Exchange (NYSE) and NYSE Arca (previously known as ArcaEx® and the Pacific Exchange). As a front-runner in its field, NYSE Group provides key securities listing, trading, and market data solutions. The New York Mercantile Exchange, Inc. (NYMEX) stands as the world's foremost physical commodity futures exchange. It is the principal trading hub for energy and precious metals, split into two divisions: NYMEX (covering energy, platinum, and palladium) and COMEX (for other metals). International investing comes with its set of challenges, like currency fluctuations, political unrest, economic instability, and varying accounting standards. This document offers a snapshot of the market environment at a particular moment and shouldn't be perceived as a forecast or assurance of future performance. Remember, the value of investments can change, and upon redemption, may be worth more or less than their initial cost. All stated economic and performance metrics are rooted in past data and don't guarantee future results. This material has been prepared by FMG Suite and may not mirror the perspectives of the presenting party or their affiliates. For those needing specialized legal, accounting, or other professional advice, we recommend consulting a competent professional.

 

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