The Lowry Letter®

Week of 11/23/2024

Next week, our physical office will be closed from Wednesday, November 27^th to Friday, November 29^th. We will answer phone calls and messages on Wednesday and Friday, but will be closed on Thursday for the holiday.

We hope that you have a Happy Thanksgiving!

We promised some Thanksgiving recipes and here are some favorites we can share.
If you have a pellet grill, this is a great way to cook your bird: Traeger Spatchcock Turkey, though we modify the recipe by using the brine and herb butter in this recipe.
This simple mashed potato recipe can’t miss.
We love these sweet potato biscuits, which can be made with or without gluten-free flour.

There is a clear downturn in hiring for white collar positions in Tech, HR, marketing, & consulting. Healthcare is one sector that has avoided the pain.

The Secret Service has Boston Dynamics “robot dogs” patrolling Mar Lago. They have declined to provide a lot of information, but former members of the agency said they can be great tools for covering a wide area.

Should the United States be Art Deco? The case for ornamentation in our architecture.

Q: Can you talk a little more about tariffs and what they might mean for the economy?

A: The broad tariff proposed by the president-elect would not apply to countries where we have a free trade agreement, like Canada and Mexico. According to JPMorgan, 38% of imports into the US are from those two countries, so any tariff increase would be on the remaining portion. They estimate this would increase prices overall, maybe around 0.7% (a very rough estimate). This could cause the Federal Reserve to keep rates higher than expected in a no- or low-tariff environment.

Therefore, a general tariff is inflationary, if implemented in such a broad way. And we can expect other countries to retaliate with tariffs of their own, so it could also reduce sales of US exports.

The total impact is uncertain but is unlikely to cause a recession by itself. And lower taxes, as proposed by Trump, would be stimulative to the economy while increasing long-term debt. Higher interest rates could keep mortgage rates higher, making housing more expensive.

The economy is very complex, and all these factors will come into play. For now, we wait and see what actually gets implemented in 2025.

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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.