Fall into Gains

Hello everyone!

Welcome to the boodle blog-it is here where we tell you what we believe is going on in the market, so that you can make the right moves with your money! 

At boodle we believe that the person best able to manage your money is you and we provide you the tools, insight, and knowledge to be successful. If you are new here, welcome aboard and if you're a returning member, we thank you for your faith in us.

Well, here we are in the month of September and it's hard to believe there are just 4 months left in the calendar year. These coming four months promise to contain many surprises of their own, both pleasant and not so pleasant. Before we speak to what may happen in September, let's take a look back at the month of August and check out the returns in the indexes.

For August, the DOW posted a respectable return of 6.67% and the S&P 500 gained 7.77% . The NASDAQ won the month with a 8.05% advance- all good numbers. The DOW starts the month at 41,563.08 and the S&P 500 begins September at the 5648.40 level. The NASDAQ sits at 17,713.62.

What was the fuel that gave us these good gains? Many factors contributed to these numbers, several being inflation inching down, the conventions of the RNC & DNC concluding with little rancor in the streets. Finally, we believe the Federal Reserve played a role by announcing a potential end to raising interest rates. As a matter of fact, Wall Street is starting to price in a quarter of a point (0.25 basis points) rate cut.

Here at boodle we have been out front with our views on what direction the market would be headed in this year, and so far, we have been spot on. For the year, the market is up 17.52% as measured by the S&P 500.This is a remarkable number, and we have to credit our research and analysis that goes back to 1998.

Now as we look ahead to September, we think that the Market will rise, perhaps not as much as the 7.7% gain we got in August. Our opinion suggests that you continue with your dollar-cost-average program into the market, and adhere to your asset allocation. The unemployment rate will not stray too far from where it is now, and this will further buttress our view of the market on a goforth basis.
At boodle we will continue to explore new products and services that will benefit you and the people you love and care about. If there is anyone who you know could benefit from our one-on-one consultations or workshops, please have them reach out to us on our website at www.goboodle.com and click on the contact us link.

That's it for now, and we look forward to seeing you back here in October. Thank you for choosing boodle, your #1 destination for financial education and market insight that you just won't find anywhere else!