The Lowry Letter®

Week of 9/11/2019

August was a turbulent month for the markets, and we invite you to read our monthly market recap for more information .

We share the relief of many Floridians that Hurricane Dorian left Florida largely unscathed. As the damage in the Carolinas is assessed, and the dreadful situation in parts of the Bahamas continue, we are reminded of how risk affects our lives. More on this below

We learned: about how prison economies work, where cash is contraband and economic alternatives take the form of tobacco, drugs, and even electronic currency.

We think: the ordeal of Hurricane Dorian reminds us that the time to prepare of risk is long before the danger is obvious. Small things like having personal water storage already purchased (and filled with inexpensive tap water) can reduce the need to deal with the shortages which were rampant across the state when the storm approached.

We are reading: about how Ancient Egypt built the pyramids. While an amazing achievement, the ability of the pharaohs to concentrate the resources needed to accomplish the task is more impressive than the technological feat. Of course, it came at great human cost.

We've been: to most of the famous barbeque restaurants in Kansas City, and always make it a point to enjoy the Z-Man Sandwich at Joe’s Kansas City Bar-B-Que. Rest assured we will make a visit this week while visiting clients in Kansas and Missouri.

We recommend: the new Netflix series The Dark Crystal: Age of Resistance. Anyone with a fond memory for the 1982 original film will enjoy the update, which combines amazing puppetry with modern effects.

Q: What does the drop in interest rates mean for regular people.

A: It is possible that it will drive some increased activity in housing . Although mortgage rates are long term, and less affected by the short-term rates determined by the Federal Reserve, trends do have an effect. With short-term rates trending down, we have seen long-term rates follow suit. If mortgages remain affordable, housing activity may increase which may fuel more consumer spending.

Advisory Services offered through Lowry Financial Advisors, Inc., a Registered Investment Adviser. Securities and additional advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser. Advisory services offered through Lowry Financial Advisors, Inc, are separate and unrelated to Commonwealth. Lowry Financial Advisors, Inc. is located at 12921 SW 1st Rd, Suite 215, Tioga, FL 32669. 352-333-7990

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