The S&P 500 vs. the Local Economy

(edited transcript) … Reconciling just how bad a lot of sentiment indicators are with the data, which is stable, solid, some would argue on its way to being spectacular. There’s no doubt that you know, the K-shaped economy, which is for a lot of people, things are hard and for a lot of small local businesses, that data is more difficult. The market, again, reflects the top 500 companies in the world, and when you look at their global sales, when you look at the other part of the K, the top class, which tends to spend most of the money in the economy, they’re doing pretty well, right. Their assets have continued to inflate. They’ve got money to spend. Again, any indicator for us here isn’t really about trying to time the markets. As I’ve said, it’s really about emotional preparedness and just understanding what could transpire and being ready for it, so you don’t freak out when it happens, so you can think logically. For us it’s process of preparedness, not prediction. That’s where we would keep it. And you know, hopefully that that K begins to come together a little bit for people and hopefully people look to everything that’s going right, as opposed to just those aspects of life, political or otherwise, that they’re not fans of right now. I think there’s a lot of good things out there if people are looking for it.

Ten Capital Wealth Advisors is a group comprised of investment professionals registered with Hightower Advisors, LLC, an SEC registered investment adviser. Some investment professionals may also be registered with Hightower Securities, LLC (member FINRA and SIPC). Advisory services are offered through Hightower Advisors, LLC. Securities are offered through Hightower Securities, LLC.

This is not an offer to buy or sell securities, nor should anything contained herein be construed as a recommendation or advice of any kind. Consult with an appropriately credentialed professional before making any financial, investment, tax or legal decision. No investment process is free of risk, and there is no guarantee that any investment process or investment opportunities will be profitable or suitable for all investors. Past performance is neither indicative nor a guarantee of future results. You cannot invest directly in an index.

These materials were created for informational purposes only; the opinions and positions stated are those of the author(s) and are not necessarily the official opinion or position of Hightower Advisors, LLC or its affiliates (“Hightower”). Any examples used are for illustrative purposes only and based on generic assumptions. All data or other information referenced is from sources believed to be reliable but not independently verified. Information provided is as of the date referenced and is subject to change without notice. Hightower assumes no liability for any action made or taken in reliance on or relating in any way to this information. Hightower makes no representations or warranties, express or implied, as to the accuracy or completeness of the information, for statements or errors or omissions, or results obtained from the use of this information. References to any person, organization, or the inclusion of external hyperlinks does not constitute endorsement (or guarantee of accuracy or safety) by Hightower of any such person, organization or linked website or the information, products or services contained therein.

Click here for definitions of and disclosures specific to commonly used terms.

The S&P 500 vs. the Local Economy

Ready to Get Started?