The Crescent Journal: Fall Edition

The Crescent Journal - Fall 2024

Included in this edition:

To Autumn - Cooler Weather, College Football, and Fed Rate Cuts?
College Football Trivia
"First Wednesdays" at Keowee Key
Market Minute: 2024 at a glance
Community Spotlight: The Lord's Table Feeds
Data Privacy: Protect Your Personal Information
Spotlight on Small Business: Upstate Growers
Recipe: Fall Tailgate Favorite

To Autumn - Cooler Weather, College Football, and Fed Rate Cuts?

As I type this on a 90+ degree day in Upstate SC, it seems hard to believe that fall season is nearly upon us. As autumn's crisp air settles in and the vibrant colors of fall emerge, we will be greeted by cooler temperatures as well as this weekend's much-anticipated kickoff of the college football season. This year, the excitement will be heightened by the introduction of the new 12-team playoff format, which is expected to bring increased volatility and surprises to the college football landscape. Meanwhile, with Fed rate cuts and a presidential election on the horizon, there has been uptick of volatility in the financial markets which we anticipate will continue into the fall.

We hope you enjoy this edition of the Crescent Journal and, as always, please reach out if you would like to discuss the weather, college football, rate cuts, or anything else on your mind.

Kent Brace

Financial Advisor

kent@crescentwm.com | 864.900.4905

College Football Trivia

(Answer revealed at the bottom of the page)

Who holds the record for longest home winning streak in the CFP era (2014-2024)?

First Wednesday at Keowee Key:

Dating back to the early 1990s, Anthony Panuccio began monthly market update breakfasts at Keowee Key in Salem, SC. Nearly 30 years later, the tradition continues. Scheduled dates and topics are listed below - please reach out if you or someone you know is interested in attending.

Next up - October 2, 2024: Market Talk

Market Minute: 2024 at a Glance

Equity Markets Hovering Near All-Time Highs

S&P 500: +17.80% YTD
Dow Jones Industrial Average: +9.80% YTD
Nasdaq: +17.78% YTD

Interest Rates Declining Ahead of Fed Cuts

1 Year Treasury: 4.37%
2 Year Treasury: 3.90%
5 Year Treasury: 3.62%
10 Year Treasury: 3.79%
30 Year Treasury: 4.09%

Community Spotlight:

The Lord's Table Feeds

The Crescent Wealth team was proud to sponsor the Larry M. Greer Memorial Golf Tournament with proceeds benefitting the Lord's Table Feeds.

The Lord's Table Feeds is a soup kitchen in Fountain Inn with the mission to provide food and nourishment to the needful of our local community while serving all in a respectful manner. They provide hundreds of meals to upstate families every week.

Learn More About The Lord's Table Feeds

Protect Your Online Information

As our lives become more digitally integrated, our data becomes more valuable.

Often, data collectors say that the vast amount of information they take in is tightly secured or anonymized before it is packaged and resold. However, MIT researchers discovered in 2018 that individuals could be identified by combining two anonymized data sets covering the same population. A 2019 series from The New York Times went further, exposing the risk to privacy on a massive scale if a major tech firm’s anonymized location data was stolen and cross-referenced to publicly available property records.

As long as consumers’ concerns about privacy remain limited, there is little incentive for companies to cull their data collecting habits. When buying a new smart device such as a phone, tablet or computer or using a new service, look into its commitment to privacy. The market for such devices is growing, but at the moment they tend to be on the premium side of the product spectrum. Expect that to change as this topic gains traction.

In the meantime, here are some best practices to help minimize the amount of your information that data collectors can access.

Best Practices for Data Privacy

Spotlight on Small Business: Upstate Growers

When Bee Bee’s restaurant closed earlier this year, there were some questions as to what might move into the space on Laurens Road.

As it turns out, this fall Greenville will get a second location of Fountain Inn-based Upstate Grower’s Market.

Platt Moore owns the local butcher shop and produce market. He also owns AM/PM Cattle Co. and is managing partner of Tomahawk Processing.

Moore grew up on a farm and spent the first 35 years of his career in the environmental and recycling business. When the time came, he realized he was not very good at being retired.

So he did what anyone raised on a farm would do...

Article from July edition of Upstate Business Journal

Fall Recipe: Barbi's Taco Ranch Bites

This is a fan favorite for tailgates and birthday parties! I make it multiple times every fall. - Barbi Moyer

Ingredients:

1 lb ground beef
1 (1-oz) package taco seasoning
1 (10-oz) can diced tomatoes and green chiles, undrained
2 cup shredded cheddar cheese
1 (8-oz) bottled ranch dressing
5 (15-count) frozen phyllo tart shells

Instructions:

Preheat oven to 350ºF.
In a skillet, cook ground beef until no longer pink. Drain fat.
Add taco seasoning and diced tomatoes and green chiles. Stir and cook for 5 minutes. Remove from heat.
Combine shredded cheddar cheese, Ranch dressing, and taco meat.
Spoon taco meat mixture into frozen phyllo tart shells. You can freeze for later at this point.
Bake for 8-10 minutes, until cheese melts. (Add 2-3 minutes to the baking time if baking frozen tarts).

Speak with an advisor:

Would you like to schedule a time to speak with a Crescent Wealth Management advisor? Click on the link below and follow the instructions to schedule a meeting.

Schedule a Meeting

Our Team

Trivia Answer:

B) Clemson - 40 consecutive wins at Memorial Stadium from 2016-2022

Connect with us

Crescent Wealth Management | 864.464.9626 | crescentwm.com

Advisory services provided by NewEdge Advisors, LLC doing business as Crescent Wealth Management, as a registered investment advisor. Securities offered through NewEdge Securities, Inc., Member FINRA/SIPC. NewEdge Advisors, LLC and NewEdge Securities, Inc. are wholly owned subsidiaries of NewEdge Capital Group, LLC.

The information presented here is available for historical and archival purposes only and does not necessarily represent the current market environment. Due to volatility within the markets mentioned, opinions are subject to change and the information presented here should not be used to make investment decisions. Past performance cannot guarantee future results. The views expressed are not the opinion of NewEdge Securities, Inc., and should not be construed directly or indirectly, as an offer to buy or sell any securities mentioned herein.

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