The Lowry Letter®

Week of 6/7/2023

The passage of debt ceiling legislation removes a major political worry. Inflation returns to the fore as the dominant concern, as Brad McMillan explains in a helpful June Market Update.

Last week saw a stronger job report than expected, so we can expect caution from the Fed and possibly an additional increase in interest rates.

Do you need a pick-me-up? Take a few minutes and enjoy this boy’s good advice (an old YouTube classic).

We enjoy receiving interesting stories from you, such as this report on the role of vultures as poacher alarms in Zambia. The circle of life!

Spider-Man: Across the Spider-Verse is the sequel to one of our favorite superhero movies. Don’t let the fact that it is animated limit your horizons. This one builds on the first and provides a strong set-up for the 3^rd movie. Worth the watch!

Have you ever wondered how boiled eggs at the store are so perfectly peeled? This machine boils, cools, and peels 20,000 eggs per hour!

Q: I’ve never used an app like Venmo to send money. Are these services a good idea?

A: Venmo, Cash App, PayPal and similar services are a fast and convenient way to share money, but it is important to remember that they are not banks, so some protections are not in place.

The Consumer Financial Protection Bureau recently sent a reminder that payment apps are not federally insured institutions.

This is not to say that these apps should never be used, but users should be aware of the risks of any service.

Advisory Services offered through Lowry Financial Advisors, Inc., a Registered Investment Adviser. Securities and additional advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser. Advisory services offered through Lowry Financial Advisors, Inc, are separate and unrelated to Commonwealth. Lowry Financial Advisors, Inc. is located at 12921 SW 1st Rd, Suite 215, Tioga, FL 32669. 352-333-7990

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