It's Undebatable: GOP, DNC, or 3rd Party Candidate

On Thursday night, June 27th, after our Second Half Market Outlook Livestream, President Biden and former President Trump engaged in their first of two Presidential debates. While we won't delve into the specifics of the debate, it's important to note that as of Friday morning, betting odds of a GOP victory in November shifted significantly. However, it's crucial for investors to remember that these betting markets, like Fed Funds Futures, often lack long-term predictive accuracy. Friday's stock market reaction to PCE inflation data highlighted concerns about ongoing deficit spending regardless of the election outcome. At Oak Harvest, our primary role is to manage our clients' capital and help them achieve their financial goals. We also strive to educate clients on financial markets, emphasizing the historical impact of the Federal Reserve over presidential policies on market performance. As we approach another election cycle, we advise clients to remain focused on data-driven insights rather than political emotions and to consult with advisors about their financial plans to navigate potential market volatility.

 

Livestream link: https://www.youtube.com/live/sebPd8pUhbU?si=ZpP8m3SORfuRNdo5

 

#sp500 #InvestmentStrategy #PresidentialDebate

 

About Chris Perras, CFA®, CLU®, ChFC®, Chief Investment Officer:

As CIO, Chris is the lead investment strategist and director of research at Oak Harvest Financial Group. Chris develops the firm's core market outlook, putting his decades of experience and expertise to work for our clients. He hosts Oak Harvest's podcast, "Stock Talk," available on the website with new episodes each week. He completed his undergraduate studies at Georgia Tech, and went on to obtain an MBA from the Harvard Business School. Driven by a desire to maximize his knowledge and skill set, he acquired financial planning and investment management qualifications, becoming a Chartered Life Underwriter (CLU®), a Chartered Financial Consultant (ChFC®), and a Chartered Financial Analyst (CFA®).

 

Stock Talk is a weekly vlog/podcast dedicated to discussing the Oak Harvest Financial Group Investment Team's perspective on what's happening in the market. Hosted by Chief Investment Officer Chris Perras, each episode brings you our views on stocks, the market, and the economy — with a little education thrown in for good measure. Listen each week and help stay connected to your money!

 

Do you need a retirement plan that goes beyond allocating funds to truly fit your needs? We can help you create a retirement life plan customized for your retirement vision and legacy. Call us at 877-896-0040 or fill out this form for a free consultation: https://click2retire.com/Connect

 

Important disclosures: Content of Oak Harvest podcasts expresses the views of the speaker and is for informational purposes only. Oak Harvest believes that any data, articles, or information cited are reliable at the time of creation, but does not warrant any information contained herein to be correct, complete, accurate, or timely. The views and opinions expressed herein may change without notice. Strategies and ideas discussed may not be right for you — and nothing in this podcast constitutes personalized investment, tax or legal advice, or an offer or solicitation to buy or sell securities. Indexes such as the S&P 500 are not available for direct investment and your investment results may differ when compared to an index. Any specific portfolio actions or strategies discussed will not apply to all client portfolios. Investing involves the risk of loss, and past performance is not indicative of future results.

Best Financial Advisory Firms 2024 criteria was based on Assets under Management over 12 months and 5 years, respectively, and recommendations from 25,000 individuals among financial advisors, clients, and industry experts. Advisory services are provided through Oak Harvest Investment Services, LLC, a registered investment adviser. Insurance services are provided through Oak Harvest Insurance Services, LLC, a licensed insurance agency.