Talking About Money Is Hard.  Do It Anyway.

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Weekly Market Commentary

 

 

 

 

 

 

 

Here’s a tough question:

Is it hard for you to talk about money with your spouse or partner?

For most people, the answer is “YES!”

She spent too much.

He spent too much.

Was it aligned with our values?

What are our values?

It’s challenging for us to talk about money. Not just with each other, but with our parents, our children, even our siblings and friends.

And you know what? That’s OK.

This, my friends, is one of the keys to talking about money: knowing that it’s going to be hard. Sometimes, it’s going to be painful. And that’s OK.

Talking about money may not be necessary for all couples. If you’re one of those rare people, great! More power to you. But we doubt that is the case for the vast majority.

Usually, talking about money is unavoidable. Like taking out the trash and doing the laundry, it’s just one of those things that has to happen.

And if that rings true, then you really have just two options:

  1. You can end your relationship with someone, and then you won’t have to talk about money with them ever again.
  2. You can keep trying.

Our advice?

Keep trying. And let us know if we can help with the conversation.

P.S.  Have any tips on tackling the big money convo? Hit “reply” and let us know!

 

 

 

 

 

 

 

Garlicky Dill Pickles

Yields 10 to 12 pickles

Ingredients:
2 lbs. small pickling cucumbers
1½ cups apple cider vinegar
1½ cups filtered water
2 Tbsp. pickling salt

8 garlic cloves, peeled (add more if you’d like)
4 tsp. dill seed
2 tsp. black peppercorns
1 tsp. red chili flakes

Directions:

1.    Be sure your jars are washed thoroughly. To make shelf-stable pickles, prepare a boiling water bath canner. Put fresh canning jar lids into a small saucepan with 3 inches of water and set to the lowest simmer.

2.    Prepare the cucumbers by washing and drying them, then remove the blossom end. Depending on the shape of pickle you want, cut the cucumbers into slices for chips, quarters for spears, or leave whole.

3.    Bring the vinegar, water, and salt to a boil in a saucepan.

4.    Distribute equal portions of the garlic cloves, dill seed, black peppercorns, and red chili flakes among the readied jars. Arrange the cucumbers into the jars as tightly as possible but try not to crush them.

5.    Pour the brine into the jars, leaving ¼ inch between the top of the liquid and the rim of the jar. Gently tap the jars to remove any air bubbles. You can also use a long kitchen utensil, like a chopstick, to let any bubbles escape. Wipe the rims of the jars, then put the lids and bands on the jars without screwing on too tightly.

 

6.    If you’re processing jars for shelf stability, put them into the processing pot. Once the water returns to a boil, set a timer for 10 minutes, then remove the jars after the time is up. Check the seals once the jars are cool enough to handle. 

7.    If you’re not processing your jars, then allow them to cool before putting them into the refrigerator. Your jars may seal during the cooling process.

8.    The pickles need to rest in the fridge for one week before serving. 

Recipe adapted from Serious Eats (6)

 

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The Week on Wall Street

Stocks tumbled on Friday, sending stocks to a weekly loss after an otherwise quiet August week of trading.

The Dow Jones Industrial Average slipped -0.16%, while the Standard & Poor’s 500 lost 1.21%. The Nasdaq Composite index declined 2.62% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, fell 0.88%. 1,2,3

Summer Rally Hits Pause Button

The market rally that began in mid-June paused last week. Despite the week’s losses, stocks exhibited resiliency in the face of a string of troubling economic news that included flat retail sales, weak housing numbers, an inversion in the yield curve, and tepid economic data out of China. 

Nevertheless, stocks tumbled on Friday amid hawkish comments about future rate hikes, rising bond yields, and ahead of the annual meeting of global central bankers in Jackson Hole, Wyoming, in which Fed Chair Jerome Powell is scheduled to speak on August 26th.  

Expect More Rate Hikes

Minutes from July's Federal Open Market Committee meeting indicated that additional rate hikes would be needed to help manage inflation. Fed officials did acknowledge that further rate hikes risked unintended economic weakness because of the time it takes for higher rates to work through the economy. The committee indicated that they might slow rate hikes to determine the impact of previous rate increases. 4

The minutes also contained the Fed's latest economic forecasts, which projected inflation to decline faster than its June estimate due to a bigger economic slowdown in the year's second half. 5 

THE WEEK AHEAD

KEY ECONOMIC DATA

Tuesday:  Purchasing Managers’ Index (PMI) Composite Flash. New Home Sales
Wednesday:  Durable Goods Orders
Thursday:  Jobless Claims. Gross Domestic Product (GDP)

Source: Econoday, August 19, 2022
The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to be providing accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts also are subject to revision.

COMPANIES REPORTING EARNINGS

Monday:  Palo Alto Networks, Inc. (PANW), Zoom Video Communications, Inc. (ZM)
Tuesday:  Intuit, Inc. (INTU)
Wednesday:  Nvidia Corporation (NVDA), Salesforce, Inc. (CRM), Snowflake, Inc. (SNOW)
Thursday:  Marvell Technology, Inc. (MRVL), Dollar General Corporation (DG), Dell Technologies, Inc. (DELL), VMware, Inc. (VMW)

Source: Zacks, August 19, 2022
Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. 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. Companies may reschedule when they report earnings without notice.

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1. The Wall Street Journal, August 19, 2022

2. The Wall Street Journal, August 19, 2022

3. The Wall Street Journal, August 19, 2022

4. The Wall Street Journal, August 17, 2022

5. The Wall Street Journal, August 17, 2022

6.  https://www.seriouseats.com/recipes/2011/08/garlic-dill-pickles.html
 

 

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.

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