The Lowry Letter®

Week of 11/1/2023

October continued a rough stretch for the markets. Brad McMillan explains that “this is a normal pullback that makes sense given financial conditions. From what we see right now, prospects for the market over time are still positive.”

Economic news was good, which means that interest rates may remain higher for longer. Even if this puts pressure on the market in the short term, we have a good foundation for forward progress. For long-term investors, this is a critical thing to remember.

We love a good list, and this ranking of the “Coolest Neighborhoods in the World” is pretty fun. We are partial to #26, Coral Gables.

An unopened 1^stgeneration iPhone, purchased for $535.18, sold at auction for $133,435! (LCG Auctions).

Rome is suffering from a “plague” of oriental hornets. A good example of what can happen when you don’t take out the trash.

Unsurprisingly, marijuana legalization has mixed effects. Economic benefits increased, as did crime and other undesirable activities. According to the authors of this paper, the economic benefits were experienced broadly and the negative effects were more focused with heavy marijuana users.

Here’s a reminder of our Ask the Joes® webinar, taking place at 4:30pm on November 9^th. We will review the most important aspects of the SECURE Act 2.0. This law, passed in December 2022, made some significant changes to retirement accounts and plans. We’ll cover the major changes you should be aware of. We will be joined by Sean Durkin, regional vice president of the Capital Group/American Funds, who will provide his firm’s outlook on the markets and economy.

If you have any questions for the webinar, please send them our way!

The link for the webinar is here: https://us02web.zoom.us/j/81914758836?pwd=M2RqR2QwSXhDcjhUTjEzQ0k2ZTNzUT09

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

Lowry Financial Advisors is the only advisory firm that helps its clients reach their goals through The Achieving Simplicity® Experience™, providing clarity and confidence in their personal and financial lives.