The Pulse on the Economy and Capital Markets: September 26 – 30, 2022

October 3, 2022

At a glance:

  • Rising interest rates by Central Banks caused the stocks, bonds and commodities markets to decline globally and investors to sell off assets.
  • Surprisingly, the Consumer Discretionary sector was the top performer, ending the quarter up 4.4% indicating consumer inflation concerns are waning. The nearly 10% decline in gas and materials has helped reduce inflation expectations.
  • The big four credit card companies released insights that indicate consumer spending and sentiments are up. In fact, Bank of America reported they saw a 10% year-over-year spending increase in the month of August, which is above the inflation rate.
  • Surging mortgage rates has caused homebuyers to pull out of over 15% of purchase agreements triggering mortgage originations to decline. The Sunbelt market was hit the hardest after an early COVID-related rise in demand and prices.

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Disclosures

Investment advisory services are offered by Aprio Wealth Management, LLC, a Securities and Exchange Commission Registered Investment Advisor.  Opinions expressed are as of the current date (October 3rd, 2022) and subject to change without notice. Aprio Wealth Management, LLC shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, the information, data, analyses or opinions contained herein or their use, which do not constitute investment advice, are provided as of the date written, are provided solely for informational purposes and therefore are not an offer to buy or sell a security. This commentary is for informational purposes only and has not been tailored to suit any individual. References to specific securities or investment options should not be considered an offer to purchase or sell that specific investment.

This commentary contains certain forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results to differ materially and/or substantially from any future results, performance or achievements expressed or implied by those projected in the forward-looking statements for any reason.

No graph, chart, or formula in this presentation can be used in and of itself to determine which securities to buy or sell, when to buy or sell securities, whether to invest using this investment strategy, or whether to engage Aprio Wealth Management, LLC’s investment advisory services.

Investments in securities are subject to investment risk, including possible loss of principal. Prices of securities may fluctuate from time to time and may even become valueless. Any securities mentioned in this commentary are not FDIC-insured, may lose value, and are not guaranteed by a bank or other financial institution. Before making any investment decision, investors should read and consider all the relevant investment product information. Investors should seriously consider if the investment is suitable for them by referencing their own financial position, investment objectives, and risk profile before making any investment decision. There can be no assurance that any financial strategy will be successful.

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About the Author

Simeon Wallis

Chief Investment Officer At Aprio Wealth Management At Aprio Simeon is the Chief Investment Officer of Aprio Wealth Management and the Director of Aprio Family Office. Simeon brings two decades of professional investing experience in publicly traded and privately held companies, as well as senior-level operating and strategy consulting experiences.

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