Markets with Megan: A Two-Minute Financial Markets Update Megan Horneman

In today's episode, Megan Horneman the Chief Investment Officer at Verdence Capital Advisors, discusses the revised second reading of the third-quarter GDP  The initial 5 percent reading has been revised to 5.2 percent, marking the best quarterly performance since Q4 2021.  Private investment soared in both residential and non-residential structures. Government spending surpassed expectations, while inventories notably increased. However, Megan mentions about how personal consumption, a major GDP component, saw a downward revision.  Regarding inflation, the personal consumption expenditures for the quarter are indicating a downward trajectory, aligning with other reports that suggest a decrease in inflation. Megan suggest a steady course for the Fed, with the December meeting likely to leave things unchanged.  Stay tuned for more updates this week! We'll be talking about crucial data on inflation, personal income and spending, as well as the ISM Manufacturing Report. For questions or comments, feel free to reach out to us at podcast@verdence.com.
Disclaimer: material was prepared by Verdence Capital Advisors, LLC (“VCA”). VCA believes the information and data in this document were obtained from sources considered reliable and correct and cannot guarantee either their accuracy or completeness. VCA has not independently verified third-party sourced information and data. Any projections, outlooks
or assumptions should not be construed to be indicative of the actual events which will occur. These projections, market outlooks or estimates are subject to change without notice. This material is being provided for informational purposes only and is not intended to provide, and should not be relied upon for, investment, accounting, legal, or tax advice. Past performance is not a guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance
that the future performance of any specific investment, investment strategy, or product or anynon-investment related content, made reference to directly or indirectly in these materials will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. You should not assume that any
discussion or information contained in this report serves as the receipt of, or as a substitute for, personalized investment advice from VCA. Due to various factors, including changing market conditions and/or applicable laws, the co...

In today's special Thanksgiving episode of Markets with Megan, we're taking a moment to express gratitude for some positive economic and asset class developments this year.  We're excited to share that the cost of a Thanksgiving meal this year has actually declined, according to the American Farm Bureau. Equities have rebounded significantly compared to last year, with the S&P 500 up about 20% year to date. While inflation remains a concern, it has eased from last year, and travel expenses have become more budget-friendly, with airfare down 13%, car rentals down 10%, and gasoline prices dropping by 25 cents compared to last year. Commodity prices, including natural gas, have softened as well compared to this time last year. As you gather around the Thanksgiving table, we hope you enjoy the company around you and have a great Holiday! If you have any comments or feedback, reach out to us at podcast at Verdence dot com, thank you!
Disclaimer: material was prepared by Verdence Capital Advisors, LLC (“VCA”). VCA believes the information and data in this document were obtained from sources considered reliable and correct and cannot guarantee either their accuracy or completeness. VCA has not independently verified third-party sourced information and data. Any projections, outlooks
or assumptions should not be construed to be indicative of the actual events which will occur. These projections, market outlooks or estimates are subject to change without notice. This material is being provided for informational purposes only and is not intended to provide, and should not be relied upon for, investment, accounting, legal, or tax advice. Past performance is not a guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance
that the future performance of any specific investment, investment strategy, or product or anynon-investment related content, made reference to directly or indirectly in these materials will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. You should not assume that any
discussion or information contained in this report serves as the receipt of, or as a substitute for, personalized investment advice from VCA. Due to various factors, including changing market conditions and/or applicable laws, the co...

In today's episode of Markets with Megan, Chief Investment Officer Megan Horneman discusses the leading economic indicator index, revealing a concerning 19-month consecutive decline. She talks about components such as manufacturing orders and consumer confidence declining. Megan also focuses on the historical rarity of this extended downturn without triggering a recession. She believes the first half of 2024 will be challenging, suggesting an unavoidable recession may be necessary to curb inflation.
Disclaimer: material was prepared by Verdence Capital Advisors, LLC (“VCA”). VCA believes the information and data in this document were obtained from sources considered reliable and correct and cannot guarantee either their accuracy or completeness. VCA has not independently verified third-party sourced information and data. Any projections, outlooks
or assumptions should not be construed to be indicative of the actual events which will occur. These projections, market outlooks or estimates are subject to change without notice. This material is being provided for informational purposes only and is not intended to provide, and should not be relied upon for, investment, accounting, legal, or tax advice. Past performance is not a guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance
that the future performance of any specific investment, investment strategy, or product or anynon-investment related content, made reference to directly or indirectly in these materials will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. You should not assume that any
discussion or information contained in this report serves as the receipt of, or as a substitute for, personalized investment advice from VCA. Due to various factors, including changing market conditions and/or applicable laws, the co...

Unfortunately, the news points to further weakness in the economy, with surprising jumps in initial jobless claims and a concerning rise in continuing claims. The manufacturing sector is also facing challenges, particularly in industrial production and capacity utilization, hinting at broader economic struggles. Megan delves into the impact of the auto strike and its effects on various industries, from furniture to plastics.
In a completely different area, the housing market takes a hit as the NAHB housing market index for November drops significantly. High mortgage rates, low inventory, and a lack of interest in moving contribute to the worst housing confidence since the great recession. Megan explains the ripple effects on buyer traffic, reminiscent of the great recession levels.
As a result, equity markets are down, reflecting concerns about the slowing economy, while bonds rally, indicating a fall in yields. Are rate cuts on the horizon? Megan shares insights into market reactions and what it means for investors.
Stay informed on the latest economic developments and market trends with Verdence Capital Advisors. Thank you for tuning in.
Disclaimer: material was prepared by Verdence Capital Advisors, LLC (“VCA”). VCA believes the information and data in this document were obtained from sources considered reliable and correct and cannot guarantee either their accuracy or completeness. VCA has not independently verified third-party sourced information and data. Any projections, outlooks
or assumptions should not be construed to be indicative of the actual events which will occur. These projections, market outlooks or estimates are subject to change without notice. This material is being provided for informational purposes only and is not intended to provide, and should not be relied upon for, investment, accounting, legal, or tax advice. Past performance is not a guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance
that the future performance of any specific investment, investment strategy, or product or anynon-investment related content, made reference to directly or indirectly in these materials will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. You should not assume that any
discussion or information contained in this report serves as the receipt of, or as a substitute for, personalized investment advice from VCA. Due to various factors, including changing market conditions and/or applicable laws, the co...

In this episode of "Markets with Megan", Chief Investment Officer Megan Horneman provides her insights on the recent Producer Price Index (PPI) report. She discusses a significant monthly decline in producer prices, the most substantial since 2020. She attributes this decline not only to energy prices but also decreases in food and consumer goods. Also emphasizing its focus on the costs of underlying products, excluding wage costs. Megan suggest that the dip in producer prices might precede moderation in the consumer price index, offering hope for inflation control. 


Disclaimer: material was prepared by Verdence Capital Advisors, LLC (“VCA”). VCA believes the information and data in this document were obtained from sources considered reliable and correct and cannot guarantee either their accuracy or completeness. VCA has not independently verified third-party sourced information and data. Any projections, outlooks
or assumptions should not be construed to be indicative of the actual events which will occur. These projections, market outlooks or estimates are subject to change without notice. This material is being provided for informational purposes only and is not intended to provide, and should not be relied upon for, investment, accounting, legal, or tax advice. Past performance is not a guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance
that the future performance of any specific investment, investment strategy, or product or anynon-investment related content, made reference to directly or indirectly in these materials will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. You should not assume that any
discussion or information contained in this report serves as the receipt of, or as a substitute for, personalized investment advice from VCA. Due to various factors, including changing market conditions and/or applicable laws, the co...

Megan Horneman, Chief Investment Officer at Verdence Capital Advisors, breaks down the October Retail Sales Report. Megan focusses on a notable slowdown in consumer spending, particularly on big-ticket items like automotive and furniture. However, while some sectors like electronics and food still show strength, she cautions viewers about the unadjusted nature of these figures. As we approach the holiday season, Megan talks about how the report could suggest challenges for consumers.
Disclaimer: material was prepared by Verdence Capital Advisors, LLC (“VCA”). VCA believes the information and data in this document were obtained from sources considered reliable and correct and cannot guarantee either their accuracy or completeness. VCA has not independently verified third-party sourced information and data. Any projections, outlooks
or assumptions should not be construed to be indicative of the actual events which will occur. These projections, market outlooks or estimates are subject to change without notice. This material is being provided for informational purposes only and is not intended to provide, and should not be relied upon for, investment, accounting, legal, or tax advice. Past performance is not a guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance
that the future performance of any specific investment, investment strategy, or product or anynon-investment related content, made reference to directly or indirectly in these materials will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. You should not assume that any
discussion or information contained in this report serves as the receipt of, or as a substitute for, personalized investment advice from VCA. Due to various factors, including changing market conditions and/or applicable laws, the co...