Weekly Market Review

Markets were mixed last week, with the S&P 500 being the lone index to post a weekly gain. Investors remain nervous about the UAW strike and have trepidation over the potential government shutdown. With any positive around the short-term funding deal being balanced out be the ousting of House Speaker Kevin McCarthy. The market declines in August and September coincided with a seasonally weak period for stocks and came on the heels of a strong upswing in June and July.

During these past few months, we believe markets have gone from overbought to oversold, which gives us some reason to believe that the selling will not last much longer. Over the coming weeks, we will monitor stock earnings to see if they will be enough to propel markets higher once again.

Index Descriptions:The Standard and Poor's 500, or simply the S&P 500, is a stock market index tracking the stock performance of 500 of the largest companies listed on stock exchanges in the United States.

The Russell 2000 Index is a stock market index that tracks roughly 2000 US small companies, and is considered a key benchmark for US small cap stocks.

The MSCI EAFE Index is a stock market index that measures the performance of large- and mid-cap companies across 21 developed markets countries around the world. Canada and the USA are not included. EAFE is an acronym that stands for Europe, Australasia, and the Far East.

The MSCI Emerging Markets Index captures large and mid-cap representation across 24 Emerging Markets (EM) countries.

The Bloomberg US Aggregate Bond Index, or the Agg, is a broad based, market capitalization-weighted bond market index represent- ing intermediate term investment grade bonds traded in the United States.

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