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Thank You, But NO

• We got two data points this week, but nothing really important, in our view.
• We are going to make a special effort in this video to not talk about the election. How about that!
• Other than to say, it is your civic duty to vote, even if you think you live in a state where your vote doesn’t count, it is important that everyone, Democrat or Republican, get out and vote.
• We also think that investors are probably going to wait until the election to make any big moves, one way or the other.
• So, we are going to have to wait.
• If there is a big drop in the market between now and Election Day, or even a few weeks after election day, we see it as a buying opportunity and not a reason to panic and sell.
• This week, jobless claims look okay.
• Consumer spending is good, which is an important point.
• As you may know, consumers represent 60-70% of our economy, so if they’re spending, they are driving profits.
• And if profits are good, stock prices do well, as we see it.
• Make sure you go to our podcast and subscribe to it!
• Share this video with your friends and family.
• We love you. We thank you.
• SCWPerS, SCWPer your tails off! Non SCWPerS, we’re with you, and we’ll talk soon.


Hello everybody, and welcome to our Market Alert video for today, which is October, 25 2024 and I’m glad you’re with us. I want to say a special hi to SCWPerS Nation. Out there, all you SCWPerS. I hope you’re out there SCWPering your little tails off. That’s your job. Enjoy, enjoy, and all you clients who are not SCWPerS, yet we’re going to get you there. That’s our goal. We want to make it happen for you, and so I’m glad you’re watching this video. Thank you. Not much to really report to you this week, we got two data points, but nothing really overall important, I would say. But I’m going to make a special effort in this video to not talk about the election. How about that? That’s my gift to you. Don’t talk. I’m not I’m going to say two things about it. Number one is vote. Okay? It is your civic duty to vote. There are many countries around the world a lot of people around the world do not have the right that we do to go out and vote. And you may think you live in a state where your vote doesn’t count, or whatever, this election is so close, it is extremely important that everyone votes, Democrat, Republican, go your vote does count, and not just for the presidential election, but for also the Senate and the House. Super important. The other thing I’ll say, and then I’ll not talk about it anymore, is that the other thing that’s also, in our view, going to impact is that investors are probably going to wait until the election results are announced before we see any big move, one way or the other. So we’re going to have to wait. And our view is that by Friday of in election week is when we’re going to know the results, if not the following Monday. So on election day, we don’t think you might you will know the answer. And one of the reasons is because some of the more important battleground states, they count their mail in ballots on the day, on election day. So, and this year, there’s a record number of mailed in ballots, and so they’re going to be counting, you know, for a long time to get through all of that. And it’s possible they won’t get through it on election night, in which case we’ll have to wait. So we may have a long way to ugh. Anyway, that’s all I’m going to say about that. So let’s talk about what data we got this week. We got two data points. One was the growth in the economy looks okay. We got jobless claims. Also look okay. Consumer spending is good. That’s an important point. Because as you guys know, our consumers represent 60 to 70% of our economy, and so if they’re spending they’re driving profits. And if profits are good, stock prices do well, as we see it. And so therefore, heading into the end of this year, it looks like profits are going to be good, and the stock market should hold up well. You know, we have been talking over the last several weeks about the potential of an October surprise, right? Eight of the last 10 elections, there was a big drop in the market, and this time around, it doesn’t look like that’s going to happen. We do have a week left, so, you know, it could still but it’s, it’s looking more and more unlikely to happen this time around. So no big October surprise. But if we do get a big down for some reason between now and and Election Day, you know, or even maybe a few weeks after, we consider that to be a buying opportunity, not something to panic and get out and sell. So we have that. So really, I don’t have a lot to report to you this time around. So I just want to go back to, you know, one of the things that I’ve been doing because, you know, I’m a good guy, and I want to, you know, make sure that you know your life is good. And so I was, I was making announcements about my birthday well in advance, so you could get your shopping done for my birthday, you know, and not wait for the last second, because then what you want could be sold out, and, or worse, you go to the malls and there’s traffic and, you know, it’s a headache. You don’t want all that. So get, you know, getting your shopping early. I thought would be a good thing to ask you to do for my birthday, which was October 22 and I also hinted that, you know, if you were wondering what to get me, that something little red that fits in my garage. You know, a Ferrari would work really well. I would love that, you know, I like Ferraris. And so, you know, I think some of you didn’t quite understand what I was talking about. Because, you know, I want to, I got, I want to show you this here. So, okay, so this, this right here. Okay, yeah, it is little and red, and it is a Ferrari, and it does fit in my garage. But, you know, I mean, what? And look at this one. Okay. How am I supposed to fit in that? I mean, what is this? A Ferrari for ants?! Zoolander reference. This one’s cool. Look at this one. So this one. Is actually battery powered. Okay, watch this, you Oh, it’s got gull wings right here, so you open them. Ah, pretty cool, right? But not what I was talking about. Okay, guys, I didn’t, I didn’t mean that, but thank you anyway. So I mean, that’s all I have for you this week. I hope this one was entertaining for you. Make sure you go to our podcast and you subscribe to it. We need as many people subscribing to our podcast as possible. We want it to be super successful, and you can help us with that. Share this video with your friends and family. Subscribe to this video as well. We love you. We thank you. SCWPerS, SCWPer your tails off. Non SCWPerS, We’re with you, and we’ll talk soon. Bye.

Please note: transcript has been modified after the time of recording. 

Economic indicators and stock market performance cannot be predicted. Opinions expressed regarding the economy and the stock market belong solely to Ken Moraif on behalf of Retirement Planners of America and may not accurately portray actual future performance of the economy or stock market outcomes. Opinions expressed in this video is intended to be for informational purposes only and is not intended to be used as investment advice for individuals who are not clients of Retirement Planners of America. All content provided is the opinion of Ken Moraif, CEO and Founder of RPOA Advisors, Inc. (d/b/a Retirement Planners of America ) (“Retirement Planners of America”, “RPOA”). ©Copyright 2023 

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