Norseman Financial

CONGRATS!!! Guthrie specializes in tax efficient planning and wealth accumulation strategies for Ex Pats, Entrepreneurs, & C Level Executives in and around the Greater San Diego area.

I would like to take this opportunity to thank each and every one of you who joined me for my official launch party. The occasion was marked by plentiful food, exciting basketball, and warm friendships, ensuring a memorable experience for all. A big thank you also to Original 40 Brewing for providing the keg that fueled this fire!

P.S. If you’re hungry… lots of leftovers

Is Duke back??? Looking forward to the Tournament!

Congrats! Your Pick To Cut The Nets Down Is: Duke

"A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty." -Winston Churchill

Read the latest weekly market update from Cetera Investment Management: https://bit.ly/4cSykqH

This week, Amazon is replacing Walgreens in the Dow Jones Industrial Average, marking a significant shift in the investment landscape.

Key takeaways:
Walmart's recent stock split prompted this change, which will increase exposure to consumer retail and other sectors like advertising and cloud computing.
This move reflects the American economy's evolving nature and the tech giant's growing influence in our daily lives.
Investors betting on the average will now have more exposure to Amazon, a company that has diversified beyond online retail to lead in cloud computing and advertising.

As an investor, you may see an impact on your portfolio due to increased exposure to Amazon and the tech sector. It's essential to understand the risks and rewards associated with these changes.

This shift in the Dow also highlights the importance of staying updated with the latest market trends. Be ready to adapt your investment strategy to the evolving economic landscape. 💡🔄

Stay tuned for more updates and financial insights!



Source:

Amazon to replace Walgreens in Dow Industrial Average next week The change will give investors greater exposure to consumer retail, as well as cloud infrastructure and advertising.

🌟 Exciting Economic Update for 2024!✨

Economists define a Goldilocks economy as one that strikes the perfect balance—not too hot, not too cold. As we enter 2024, this delicate equilibrium seems within reach. The Federal Reserve's strategic moves in 2022 aimed to rein in inflation without plunging the U.S. into a recession, resulting in a promising economic landscape.

The 2024 economic scorecard currently reads Goldilocks 1, Recession 0. While consumer inflation is gradually slowing, it remains above the Fed's 2% target. The Gross Domestic Product (GDP) shows strength, with Q1 growth forecast at 2.1%. Notably, February saw a rise of 275,000 jobs, indicating robust hiring trends. These factors collectively hint at a recession-free horizon.

In March, the Standard & Poor’s 500 stock index saw positive growth. The stock market's forward-looking nature suggests a hopeful future, prompting questions about a prolonged Goldilocks era. Past performance is no guarantee of future results.

Reflecting on the challenges of 2023, the outlook for the remainder of 2024 appears bright. Hopeful sentiments prevail, with a wish for a smooth sailing year ahead. Stay tuned for more updates!
#2024

How concerned are the top companies about inflation? Very. In a survey of S&P 500 companies, slightly more than half (254) of companies mentioned inflation at least once during their quarterly conference calls.

First-quarter corporate reports were better than expected. 73% of Standard & Poor’s 500 companies have reported actual Q4 earnings per share above estimated earnings per share. But regardless of earnings, inflation remains a concern for everyone, from individual consumers to Wall Street.

February isn't over yet, but the Cleveland Fed has released its projections for a few key economic markers.

Why are these markers important?

The Fed likes to look at the Personal Consumption Expenditures (PCE) to gauge whether or not their plan to curb inflation is working. The projected PCE for February is 2.27, trending towards the 2% the Fed is looking for before announcing that inflation has been under control.

In the meantime, stay focused on your financial goals, and if you have any
questions/concerns, please don't hesitate to reach out.