Week of 11/18/2022

Last week, we attended Commonwealth’s annual national conference, held in-person for the first time since 2019. Our relationship with Commonwealth continues to be very important to our firm and the way we serve you, our valued clients. Commonwealth provides the infrastructure that we use for investment research and management. They also ensure that we obey securities rules and regulations. They work only with independent advisory firms, like ours, and we are free to run our business as we see fit.

Economist Alex Tabarrock explains how “folk” wisdom about housing prices and availability is often incorrect. Walking has demonstrably positive effects on creative thinking. According to the Investment Company Institute, more than 52% of US households own mutual funds. The rate of ownership is higher for older investors. They continue to be an important and useful way for investors to efficiently access capital markets.* We enjoyed Black Panther: Wakanda Forever more than the first movie. It’s a big improvement over the most recent Marvel films.

*Please consider the investment objectives, risks, charges, and expenses carefully before investing. Be sure to read the prospectus, which contains this and other information about the mutual fund, carefully before deciding whether to invest.

Q: There was some good inflation news. What does this mean? A: Last week we saw a better-than-expected inflation number, but the positive market response may be an overreaction. The Fed will need to see further improvement before they change course, but it WAS good news. We only say this because more volatility is likely and we should be prepared for it. In recent meetings with many of you, we have shared our impression that the bond market is likely to see more sustained (or durable) improvement before the stock market. If the Federal Reserve sees continued improvement in inflation, they are more likely to stick to their previously disclosed target. This will improve the near-term outlook for bonds, and we are are hopeful this will be the case.**

**Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Past performance is no guarantee of future results.

‌ ‌ ‌ 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 Lowry Financial Advisors is the only advisory firm that helps its clients reach their goals through The Achieving Simplicity® Experience™, providing clarity and confidence in their personal and financial lives.