Introducing Jake Springer

We’re excited to introduce the latest member of our team, Jake Springer, Financial Associate.

Jake, originally from Newberg, Oregon, has a lifelong connection to Central Oregon, often visiting Sunriver for family vacations. His love for the outdoors – hiking, skiing, and playing basketball – drew him to the region.

Graduating from Oregon State University in 2017 with a BS in Finance and a minor in Economics, Jake entered the financial planning field. His early career at Northwestern Mutual focused on risk management and insurance planning, which he describes as the “defensive side of financial planning.”

Jake’s passion lies in educating clients about their financial situations, empowering them to make informed choices. He believes that having a solid financial plan eliminates fear from dictating decision making.

His father was a financial advisor and taught Jake the importance of distinguishing between controllable and uncontrollable factors in financial planning. From his mother, a teacher, Jake inherited a passion for education and patience.

He explains, "I enjoy delving into each client's unique story, gathering and updating their financial data “pieces of their puzzle", and marrying the two to help them achieve their dreams.”

Jake lives with his brother, his brother’s girlfriend, and their sweet golden retriever, Jules. He is Series 7 & 66 licensed and is currently working towards his CFP designation.

Fun Fact - To make extra money in 2023, Jake drove for Uber & Lyft on the weekends. He humorously likens this experience to Forrest Gump’s box of chocolates – filled with an array of stories and chances to hone his interpersonal skills.

The Week on Wall Street

Stocks steadily advanced over the holiday week thanks to strength in mega-cap tech issues and encouraging jobs data.

The Standard & Poor’s 500 Index rose 1.95 percent, while the Nasdaq Composite Index added 3.50 percent. The Dow Jones Industrial Average edged up a modest 0.66 percent. The MSCI EAFE Index, which tracks developed overseas stock markets, rose 2.30 percent for the week through Thursday’s close.¹

Nasdaq, S&P Extend Runs

ADP’s employment report on Wednesday showed private-sector employers added 150,000 jobs in June—slightly slower than May’s pace—adding to investor hopes that a slowing economy may prompt the Fed to adjust short-term rates as early as September. The Nasdaq and the S&P hit their 23rd and 33rd record closes, respectively, for the year.²

Friday morning’s jobs report from the Labor Department showed 206,000 jobs added last month, which also suggested a strong-but-cooling economy. News of slower job growth, slowing wage growth, and a slight uptick in unemployment helped drive down Treasury yields, and stocks finished the short week with a strong rally. The Nasdaq and S&P both closed at all-time highs on Friday.³

Still Catching Up?

Driving much of the job growth in last week's reports was a post-pandemic catchup effect: sectors such as healthcare and leisure/hospitality showed they are still recovering.⁴

The private-sector jobs data and the Labor Department report painted a similar picture of an economy creating jobs but at a slower rate than in the past.^5,6

Source: YCharts.com, July 6, 2024. Weekly performance is measured from Friday, June 28, to Friday, July 5.
TR = total return for the index, which includes any dividends as well as any other cash distributions during the period.
Treasury note yield is expressed in basis points.

1. The Wall Street Journal, July 5, 2024

2. The Wall Street Journal, July 3, 2024

3. The Wall Street Journal, July 5, 2024

4. The Wall Street Journal, July 5, 2024

5. The Wall Street Journal, July 5, 2024

6. Marketwatch.com, July 5, 2024

Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost.

The forecasts or forward-looking statements are based on assumptions, may not materialize, and are subject to revision without notice.

The market indexes discussed are unmanaged, and generally, considered representative of their respective markets. Index performance is not indicative of the past performance of a particular investment. Indexes do not incur management fees, costs, and expenses. Individuals cannot directly invest in unmanaged indexes. Past performance does not guarantee future results.

The Dow Jones Industrial Average is an unmanaged index that is generally considered representative of large-capitalization companies on the U.S. stock market. Nasdaq Composite is an index of the common stocks and similar securities listed on the NASDAQ stock market and is considered a broad indicator of the performance of technology and growth companies. The MSCI EAFE Index was created by Morgan Stanley Capital International (MSCI) and serves as a benchmark of the performance of major international equity markets, as represented by 21 major MSCI indexes from Europe, Australia, and Southeast Asia. The S&P 500 Composite Index is an unmanaged group of securities that are considered to be representative of the stock market in general.

U.S. Treasury Notes are guaranteed by the federal government as to the timely payment of principal and interest. However, if you sell a Treasury Note prior to maturity, it may be worth more or less than the original price paid. Fixed income investments are subject to various risks including changes in interest rates, credit quality, inflation risk, market valuations, prepayments, corporate events, tax ramifications and other factors.

International investments carry additional risks, which include differences in financial reporting standards, currency exchange rates, political risks unique to a specific country, foreign taxes and regulations, and the potential for illiquid markets. These factors may result in greater share price volatility.

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This content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG is not affiliated with the named representative, financial professional, Registered Investment Advisor, Broker-Dealer, nor state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and they should not be considered a solicitation for the purchase or sale of any security.

Join us for a webinar – Get your questions answered on the economy.

Join us for a webinar – Get your questions answered on the economy.

Introducing Jake Springer

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