#316 topics: September Historically Weak Current market positioning: No significant pullback since April lows, creating potential opportunity for buyers during September weakness. Contrarian perspective: Excessive focus on September weakness in media might indicate potential for better-than-expected performance. Currency and International Markets Dollar weakness driving international outperformance Concerns about international markets' ability to maintain outperformance due to shorter work weeks and slower growth rates compared to US. Housing Market Dynamics Supply-demand imbalance: Redfin data shows 508,000 more home sellers than buyers in June 2024. Despite higher mortgage rates, household debt service remains below historical norms. Oversupply of sellers versus buyers suggests potential downward pressure on home prices. Federal Reserve Policy Shift Fed adopted new approach removing 2% average inflation target reference and focusing on employment shortfalls. AI Job Displacement Concerns Historical analysis shows technological advances have created 6 billion jobs despite continuous industry disruption. Show Notes: Post on X by Ryan Detrick at Carson Investment Research on 8.29 - https://x.com/RyanDetrick/status/1961495356287463555 blog post from Jeff Hirsch on 8.27 - https://jeffhirsch.tumblr.com/post/793063284503953408/bears-have-been-running-wild-in-september-since Blog post from Taylor Schulte on 8.28 titled “6 Favorite Investing Charts - https://taylor-schulte.kit.com/posts/the-best-investing-charts-august-2025 Blog Post from Seth Klarman on 8.25. titled “Job Churn” - https://seths.blog/2025/08/job-churn/ If you’ve been enjoying The Independent Advisors podcast for a while now and want to take the next step in your financial journey, I’d encourage you to head to our website, jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) . Matt offers a 15-minute initial call where you can discuss your financial goals and see if JWM is a good fit for your needs. Scheduling is easy—once you land at jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) just click “Schedule Initial Call” and select a time that works best for you! There’s a quick survey to fill out that will help guide the conversation and ensure your time is used efficiently. If you’re ready to learn more, visit jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) and book your call today! Take advantage of our partnership with LifeLock and get discounts using our link: https://lifelock.norton.com/offers?expid=LLONEYEAR&promocode= JSPW24&VENDORID= _JESSUPWM&om_ext_cid=ext_partner_ JSPW24_Productpage $)
