The Lowry Letter®

Week of 10/12/2023

This week we are at the Commonwealth National Conference, and we look forward to sharing with you what we learn.

History is not predictive but IS instructive. After a rough stretch in the markets, Brad McMillan shares why some optimism is warranted. Of course, nothing is guaranteed!

The economy continues to be strong, with employment continuing to provide positive surprises. This has many concerned that the Fed will be forced to keep rates higher as inflation remains persistent. The purpose of higher rates is to slow the economy. We’ll see how it goes.

The border crossing of a beautiful jaguar, formerly native to the United States, is a neat sight.

Before Joseph III left for his mission, we asked ChatGPT to give him a 6-day bodyweight exercise program that would use the 30 minutes available to him for exercise each day. We thought the result was pretty good.

Americans of differing educational levels are dying at different rates. This article examines some reasons besides the oft-mentioned “deaths of despair.”

Q: I’m worried about a recession. Should I sell my holdings to “lock in” my gains and then repurchase at a better time?

A: Timing the market is really, really hard to do. In this case, you would have to be right about:

-Whether there will be a recession, versus a short-term correction

-When that recession will start

-When to buy back in

In addition to the factual aspect of that last question, the psychological challenge of buying at a time when all of your emotions will fight against it is very real.

We discussed market timing during a previous video.

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