This Week from the Team at  Impel Wealth Management

Impel "Cooking Company"


Impel Cooking Company, has a nice ring to it, but we think we will keep our day jobs! A few weeks ago, we had our semi-annual retreat. In the morning we went over goals and strategies for the rest of 2019 and into 2020. After we got through the paperwork ( ��), we attended a cooking class at Sur La Table in Pepper Pike. As a team we chopped, stirred, sautéed, and baked our way into preparing a delicious lunch for each other! Our lunch consisted of Shrimp Tacos with a Lime Creme, Red Cabbage Slaw, Chicken Thighs with a Tomatillo Sauce, and a Caramel Pineapple Flan. Below the team discussed a few of their favorite moments from our cooking experience.

Sarah's favorite moment of the cooking class was making the Flan. She looked at the recipe and thought it would be challenging. She started out by stirring up the caramel sauce with an uncertainty of how this recipe would go. But the by the time she poured everything into the Flan ramekin, she knew this recipe was a piece of cake.

Karen's take away from her cooking experience was she was forced to step out of her comfort zone and try foods she would never eat or cook. Since the food was so delicious to eat and easy to prepare Karen now has the confidence to make these dishes at home! She even has added a new item to her pantry, Adobo Sauce!

Marie thought this was a great and fun team building experience for Impel! She said everyone had to work together to dice, mix, and cook up a delicious lunch. Everyone had some laughs, tears (while cutting up the onions), and memory making times together!

Leslie learned how to properly hold a knife when chopping up food. This will not only serve her in the kitchen but also some day when she becomes a Ninja ( ��)! She said that each one of us held a special ingredient in our class to make a 5-star lunch. But we all also hold a special ingredient here at Impel to give 5-star service!

Together as a team with direction, an instructor and recipe we can cook up a delicious lunch! While we are not ready to open a "Cooking Company", we will continue to serve our clients as a Wealth Management Firm. Together we will continue to serve all of you with excellence and help you to continue in "moving life forward."
 

Your Team at Impel Wealth



























Weekly Market Commentary
September 30, 2019
 

The Markets
 
They say bull markets climb a wall of worry.
 
Investopedia's Will Kenton explained the idea like this:
 
"...a bull market isn't a peaceful place. When times are good, investors are constantly tense, wondering how long they will keep rolling, fretting about when a seemingly inevitable correction will finally put a stop to the market elation. As a market continues ascending, the decision can become increasingly agonizing whether to take profits in a position or let it ride."
 
Last week, the wall of worry gained a few feet.
 
The University of Michigan Surveys of Consumers indicated confidence improved in September, which appeared to be positive news. However, the report suggested positive sentiment is eroding. "More consumers reported unfavorable news about the economy in September than in eight years since September 2011. While a good share of the news involved tariffs and other economic policies, there were nearly as many reports on job losses as job gains."
 
Reports the administration is considering ways to limit investment in China had investors concerned about possible portfolio repercussions. The steps being considered include regulating U.S. government pensions' exposure to Chinese stocks, regulating stock indices' allocations to Chinese holdings, and delisting Chinese shares from U.S. stock exchanges, reported Bloomberg.
 
The Federal Reserve's daily liquidity injections into the repurchase agreement market, which underpins U.S. money markets, were a source of concern for some. The Economist reported, "Market-watchers blamed the cash crunch on firms' need to pay corporate-tax bills at the same time as sucking up more new government debt than usual. But banks were aware of these factors well ahead of time. Other, as yet poorly understood, forces seemed to have provided the nudge that tipped repo markets into disarray."

The announcement of a Presidential impeachment inquiry was big news that had a relatively small affect on U.S. stock markets last week.
 
Major U.S. stock indices finished the week lower.


Data as of 9/27/19
1-Week
Y-T-D
1-Year
3-Year
5-Year
10-Year
Standard & Poor's 500 (Domestic Stocks)
-1.0%
18.2%
1.6%
11.1%
8.4%
10.8%
Dow Jones Global ex-U.S.
-1.2
9.2
-4.3
3.7
0.7
2.3
10-year Treasury Note (Yield Only)
1.7
NA
3.1
1.6
2.5
3.3
Gold (per ounce)
-0.8
16.3
25.7
3.9
4.1
4.2
Bloomberg Commodity Index
-1.1
2.1
-7.6
-2.4
-8.2
-4.5
S&P 500, Dow Jones Global ex-US, Gold, Bloomberg Commodity Index returns exclude reinvested dividends (gold does not pay a dividend) and the three-, five-, and 10-year returns are annualized; and the 10-year Treasury Note is simply the yield at the close of the day on each of the historical time periods.
Sources: Yahoo! Finance, MarketWatch, djindexes.com, London Bullion Market Association.
Past performance is no guarantee of future results. Indices are unmanaged and cannot be invested into directly. N/A means not applicable.

Bee Friendly.
When people travel, decisions about where to stay are determined by location, price, and amenities. One valued perk is loyalty points. While there is no official valuation assigned to reward points, estimates of value range from 0.3 cents to 1.6 cents per point, according to UpgradedPoints.com.
 
Hotels entice guests with other types of perks, too. These can be simple, like making forgotten toiletries available at no cost or having coffee makers and bottled water in rooms. As lodgings move up the luxury scale, amenities become more sublime. Some luxury hotels offer:
  • All-you-can-eat ice cream
  • In-room arcade games
  • Yoga mats
  • Designer bath salts
  • Fragrance butlers
  • Loaner Vespas
The latest hotel buzz is bees.
 
Hotels are hosting bee colonies. The Washington Post reported:
 
"The purpose of putting beehives atop the hotel is to support bee research and bring attention to a larger issue: the importance of pollinators and the threats they face...According to a 2016 Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services report, 75 percent of the world's food crops - including almonds, avocados, chocolate, and coffee - are dependent on pollination, and one of every three bites we eat is thanks to the work of pollinators."
 
Some hotels collect the honey and infuse it into food, drinks, and skin care products for guests.


Weekly Focus - Think About It

"Having a superpower has nothing to do with the ability to fly or jump, or superhuman strength. The truest superpowers are the ones we all possess: willpower, integrity, and, most importantly, courage."
                                                                          --Jason Reynolds, American author and poet


Best regards, 
 
Jesse Hurst
Investment Advisor Representative
 
  
Impel Wealth Management 
  
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Securities and advisory services offered through Cetera Advisors LLC, member FINRA/SIPC, a broker/dealer and a Registered Investment Adviser. Cetera is under separate ownership from any other named entity.

* These views are those of Carson Coaching, and not the presenting Representative or the Representative's Broker/Dealer, and should not be construed as investment advice.
* This newsletter was prepared by Carson Coaching. Carson Coaching is not affiliated with the named broker/dealer.
* Government bonds and Treasury Bills are guaranteed by the U.S. government as to the timely payment of principal and interest and, if held to maturity, offer a fixed rate of return and fixed principal value. However, the value of fund shares is not guaranteed and will fluctuate.
* Corporate bonds are considered higher risk than government bonds but normally offer a higher yield and are subject to market, interest rate and credit risk as well as additional risks based on the quality of issuer coupon rate, price, yield, maturity, and redemption features.
* The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general. You cannot invest directly in this index.
* All indexes referenced are unmanaged. Unmanaged index returns do not reflect fees, expenses, or sales charges. Index performance is not indicative of the performance of any investment.
* The Dow Jones Global ex-U.S. Index covers approximately 95% of the market capitalization of the 45 developed and emerging countries included in the Index.
* The 10-year Treasury Note represents debt owed by the United States Treasury to the public. Since the U.S. Government is seen as a risk-free borrower, investors use the 10-year Treasury Note as a benchmark for the long-term bond market.
* Gold represents the afternoon gold price as reported by the London Bullion Market Association. The gold price is set twice daily by the London Gold Fixing Company at 10:30 and 15:00 and is expressed in U.S. dollars per fine troy ounce.
* The Bloomberg Commodity Index is designed to be a highly liquid and diversified benchmark for the commodity futures market. The Index is composed of futures contracts on 19 physical commodities and was launched on July 14, 1998.
* The FTSE Nareit All Equity REITs Index tracks the performance of the U.S. Real Estate Investment Trust (REIT) industry at both an industry-wide level and on a sector-by-sector basis.
* The Dow Jones Industrial Average (DJIA), commonly known as "The Dow," is an index representing 30 stock of companies maintained and reviewed by the editors of The Wall Street Journal.
* The NASDAQ Composite is an unmanaged index of securities traded on the NASDAQ system.
* International investing involves special risks such as currency fluctuation and political instability and may not be suitable for all investors. These risks are often heightened for investments in emerging markets.
* Yahoo! Finance is the source for any reference to the performance of an index between two specific periods.
* IHS Markit is a London-based global information provider that was formed in 2016 when Information Handling Services, Inc. and Markit Ltd. merged. It combines information and analytics to provide solutions for business, finance, and government. * The Purchasing Managers' Index (PMI) is a measure of the prevailing direction of economic trends in manufacturing and is based on a monthly survey of supply chain managers across 19 industries covering both upstream and downstream activity.
* Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.
* Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful.
* Past performance does not guarantee future results. Investing involves risk, including loss of principal.
* You cannot invest directly in an index.
* Stock investing involves risk including loss of principal.
* The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee it is accurate or complete.
* There is no guarantee a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.
* Asset allocation does not ensure a profit or protect against a loss.
* Consult your financial professional before making any investment decision.


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Sources:


  
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Impel Wealth Management 
2006 4th Street, Cuyahoga Falls, OH 44221    
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