Obsidian Market Update 12/2/2022
This week, we’re taking a look at what the Fed officials are saying about the persistence of inflation. Then, we’ve found some great post-Black Friday deals for you!
We might have some tentative good news: the Fed thinks inflation may have peaked. This is great, but it’s not over yet. We may see some more rate increases, potentially at a slower pace, and we do expect volatility in the stock market to continue into next year.
Prices also remain high, which is tough for a lot of people going into the holidays. We’re still seeing inflation at about a 7.7% annual rate, which is far above the more norm of 3%. It’s also important to remember that a slower pace of rate hikes is much different than lowering the rates. If you’re interested in how this will affect your portfolios, first, remember that we keep them balanced with an eye on the long-term; and second, we’re always here for you, so just give us a call.
Here are some lingering deals from Black Friday!
- Practical stuff–because sometimes what we really need is a new steam cleaner.
- Target-specific deals for the brand-loyal amongst us.
- Some general good deals as selected by The Wirecutter.
- TikTok trends (maybe great inspiration for the Gen Zers in your life).
That’s it for us this week! Enjoy the holiday, and we’ll be back in your inboxes next Friday.
How We Help
We know that family dynamics can be complicated, and sometimes discussions around finances and estate planning can be tense or uncomfortable. That’s why we’re here: the Obsidian team can act as a sounding board or neutral party to help frame and facilitate discussions. We can participate in the family meetings or meet with family members individually to help distill contents down and outline the important discussion points for you to have your own conversation. Give us a call and let us know how we can help keep the peace while also setting the whole family up for a successful financial future.
Advisory Services offered through Obsidian Personal Planning Solutions, LLC. Securities are offered through Triad Advisors, member FINRA/SIPC. Obsidian Personal Planning Solutions, LLC, and Obsidian Personal Planning Solutions, Inc, are not affiliated with Triad Advisors.