We hope this email finds you and your loved ones doing well.
We have exciting news here at E&E Financial – we are growing! We recently hired Elizabeth (Liz) Martin and she is now up and running as a valuable member of the team. Liz has been assisting financial advisors for 15+ years and brings a wealth of knowledge, experience, and most importantly – a dedication to client service. We are so excited to welcome her to the team and are grateful for the value she will be adding. You will probably be hearing more from her in the coming months and hope you will give her a warm welcome!
Now on to the markets!
The market has shifted drastically from the last two years. Coming out of the pandemic, the Federal Reserve put the pedal to the metal with easy money; flooding the markets with cheap and abundant capital. This steady flow of cheap money boosted the growth/speculative parts of the market. Companies with little to no earnings, but exciting new products (think artificial intelligence, electric vehicles, blockchain, etc.), capitalized on this trend and those stocks got bid up in a large way.
Now that the Federal Reserve is becoming more restrictive and raising rates, we have seen the growth/speculative sectors of the market get bid down materially. The current environment of a less accommodative Fed, higher rates and higher inflation has caused investors to shift to the “boring” parts of the market, or the “old economy” stocks.
We wanted to provide an article that details this shift in sentiment, as well as other insights on the current market trends.
As always, we are here for all of your investing and financial planning needs. Please feel free to reach out to myself or Bonnie to schedule time to review your investment strategy or financial plan.
Regards,
Eric Sams
International Outlook: What’s old is new again
The mining industry, a long-neglected corner of the equity markets, suddenly looks a lot more attractive. With commodity prices skyrocketing, companies that produce basic materials such as iron ore, copper and nickel are back in favor given the crucial role they play in the global economy. (Carl Kawaja, 2022).
The information linked in this newsletter is for general information purposes only and is not a recommendation or endorsement of the content or views expressed within them. Any opinions stated are those of the authors and do not necessarily reflect the opinions of E&E Financial Services, Axxcess or Tessera. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the content. Any reliance you place on such information is at your own risk.
Investment Advisory Services offered through Axxcess Wealth Management, LLC. Securities offered through Tessera Capital Partners, LLC. Member FINRA, SIPC. Registered with the SEC and MSRB. E&E Financial Services, Inc., Tessera Capital Partners, LLC nor Axxcess Wealth Management, LLC are affiliated. CA Insurance # 0G97294
Information pertaining to Tessera (CRD 132847) and its registered persons are available through the FINRA’s Broker Check System or by calling the FINRA’s Broker Check Hotline at (800) 289-9999.Information pertaining to Tessera (CRD 132847) and its registered persons are available through the FINRA’s Broker Check System or by calling the FINRA’s Broker Check Hotline at (800) 289-9999.Information pertaining to Tessera (CRD 132847) and its registered persons are available through the FINRA’s Broker Check System or by calling the FINRA’s Broker Check Hotline at (800) 289-9999.Information pertaining to Tessera (CRD 132847) and its registered persons are available through the FINRA’s Broker Check System or by calling the FINRA’s Broker Check Hotline at (800) 289-9999.
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