What You Need To Know This Week- 09.20.21

September 20, 2021

Stocks Lackluster Despite Positive Outlook

September 20, 2021

Stocks weakened ahead of this week’s Federal Reserve meeting and amid persistent concerns about the Delta variant’s impact on the economy.

The Dow Jones Industrial Average was flat (-0.07%), while the Standard & Poor’s 500 fell 0.57%. The Nasdaq Composite index lost 0.47% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, dropped 0.65%. ¹

Stocks Struggle

Despite a string of economic reports painting a healthy picture of the U.S. economy, investor sentiment remained cautious. While tamer inflation and higher-than-expected retail sales may typically be constructive for the market, any investor enthusiasm it generated was fleeting.

The market appeared all week to be encumbered by a tentative, apprehensive mood. The Delta variant remained an overhang, but it was more than that. Investors appeared concerned about September, which historically has been a weak month for stock prices. The market also was concerned about fiscal and tax policy proposals emanating from Washington D.C., news of an economic slowdown in China, and by what the Fed may announce following its September 21-22 Federal Open Market Committee meeting.

Taking the Economic Pulse

A series of economic reports released last week provided investors with a broad snapshot of the state of the economic recovery.

Inflation showed signs of moderating, rising 0.3%—an elevated rate, but well below June and July’s increases of 0.9% and 0.5%, respectively. The consumer remained strong as retail sales rose 0.7%, an unexpected jump. Manufacturing reached pre-pandemic, while the labor market continued its recovery, with initial jobless claims coming in near pandemic lows and continuing claims hitting a new pandemic low.^2,3,4,5

This Week: Key Economic Data

Tuesday: Housing Starts.

Wednesday: Existing Home Sales. FOMC (Federal Open Market Committee) Announcement.

Thursday: Jobless Claims. Index of Leading Economic Indicators. PMI (Purchasing Managers’ Index) Composite Flash.

Friday: New Home Sales.

^{Source: Econoday, September 17, 2021
The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to be providing accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts also are subject to revision.}

This Week: Companies Reporting Earnings

Tuesday: Adobe, Inc. (ADBE), Fedex Corporation (FDX), Autozone, Inc. (AZO).

Wednesday: General Mills (GIS).

Thursday: Costco Wholesale Corporation (COST), Darden Restaurants, Inc. (DRI), Trip.com Group (TCOM).

^{Source: Zacks, September 17, 2021
Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule when they report earnings without notice.}

FREE CHAIR YOGA!!! Yes, that’s right…Free Chair Yoga offered weekly online.

Chair Yoga is a fantastic way for adults, especially older adults, to loosen and stretch painful muscles, lower stress and improve circulation. Just like a traditional yoga practice, chair yoga poses gives you all the health benefits to build strength and balance while reducing anxiety without having to worry about balancing on your head.

We invite you (and friends) to join us Thursdays at 10:00 am (et) as we go LIVE each week online through Zoom.

To register, click the link below.

Breathe, Let go, Recharge.

PASSCODE: yoga

MARKETS FIND THEIR FEET AFTER SEVERAL DAYS OF PULLBACK; HCM-BUYLINE® REMAINS POSITIVE

The HCM-BuyLine® is positive, so the trend is still very much intact. The market as whole is…let’s just say tired. There is not a lot of upward momentum, and some of that is due to the massive tax increase that is being batted around congress. ⁶

Add Social Security Numbers of Your Dependents on Your Return

Make certain to add the Social Security Numbers for your children and other dependents on your return. Otherwise, the IRS might deny any dependent credits that you might be due, including the Child Tax Credit. If you don’t have the number you need by the tax filing deadline, the IRS suggests filing for an extension rather than sending in a return without a Social Security number.⁷

^{* This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax professional.}

4 Potential Health Benefits of Coffee

Coffee may help you live longer: Recent studies found that coffee drinkers are less likely to die from some of the leading causes of death, including coronary heart disease, stroke, diabetes, and kidney disease.
Your liver may thank you: Research shows that coffee drinkers are more likely to have liver enzyme levels within a healthy range than people who don't drink coffee.
You may decrease your risk of getting Alzheimer's disease: The caffeine in two cups of coffee may protect against developing the condition. Researchers found that women aged 65 and older who drank two to three cups of coffee a day were less likely to develop dementia in general.
Your body may process glucose better: Studies found that people who drink more coffee are less likely to get type 2 diabetes. ⁸

Eggplant Pizza

20-24 Servings

Total Time: 40 Minutes

INGREDIENTS

2 large eggplant, sliced 1 inch thick
24 oz. jar tomato sauce
20 slices provolone cheese, mozzarella works too
3-4 oz. fresh cherry tomatoes, sliced
1 cup fresh spinach
1/2 tsp Himalayan salt
Pepper flakes, optional

DIRECTIONS

Preheat your oven to 425 F.
In two baking trays arrange the sliced eggplants. Sprinkle the Himalayan salt and bake for 15-20 minutes.
Remove the bake eggplant from the oven and turn your broiler on.
Spread 1 tablespoon of tomato sauce over each eggplant round followed by one slice of provolone.
Arrange some fresh spinach and cherry tomatoes over the cheese and broil for 3-5 minutes.⁹

Stay safe!

Footnotes and Sources

^{1. The Wall Street Journal, September 17, 2021}

^{2. CNBC, September 14, 2021}

^{3. The Wall Street Journal, September 16, 2021}

^{4. MarketWatch, September 16, 2021}

^{5. The Wall Street Journal, September 16, 2021}

^{6. Howardcm.com, September 16, 2021}

^{7. IRS.gov, 2021}

^{8. Hopkinsmedicine.org, 2021}

^{9. eatgood4life.com, August 31, 2014}

^{Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost.}

^{The forecasts or forward-looking statements are based on assumptions, may not materialize, and are subject to revision without notice.}

^{This content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG is not affiliated with the named representative, financial professional, Registered Investment Advisor, Broker-Dealer, nor state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and they should not be considered a solicitation for the purchase or sale of any security.}