On October 18th, Sarah, Meredith, Marissa, and Madison represented Traditions Wealth Advisors at the TAMU Mays Business School Women's Leadership Conference.
October 2019 FOMC Meeting
Traditions Wealth Advisors
Financial Research Intern
November 12, 2019
Late last week the Federal Open Market Committee met to discuss the current outlook of the United States and how to fulfill their duty to promote a healthy economy. They first introduced rates cuts during the July FOMC meeting over the summer and have followed up with two more this year, the most recent being at the October 29th meeting. The rate cuts have revolved around the need to combat risks due to the slowing global economy and the uncertainties about the trade war between the United States and China. Inflation and unemployment remain low, while wages and jobs have been growing at a comfortable rate to support a moderate economic expansion. One of the most important sectors for economic growth, consumer spending and consumer sentiment, have also remained positive and have proven to be the fuel behind the economy. Manufacturing and business investment continue to slow but the risks seem to have lessened abroad and plans to end the trade war have helped lower some of the before mentioned risks.
Overall, rate cuts like this will have a positive impact on the stock market and investors’ portfolios. This because companies can expand operations and build-out at the new lower rate which encourages expansion and creates more value for stockholders. The bond market reacts similarly, increasing in price when interest rates decline. Although the stock market has a positive reaction it’s important to realize that this rate cut has already been priced into the stock market and was even before the Fed formally announced what they were going to do. The Federal Reserve Chairman Jerome Powell made it evident in a press conference that this rate lowering is likely to be the last one for a while unless the fundamentals of the US economic data supports another cut. The outlook that the Fed is supporting is one with moderate economic growth, inflation near the 2% target and a strong labor market. To stay on top of the Federal Reserves movements and what it means for the returns of clients these data points will be carefully monitored alongside other before mentioned data of interest.
The Federal Reserves’ third rate cut this year was a predictable response to slowing global growth and the risks to the economic prosperity of the United States. The rate will likely remain solid for the time being and major material changes will be needed for any more rate adjustments to come about. The overall economic outlook remains moderate and positive, with the labor market being a telling factors in the future of the economy.
Traditions Wealth Advisors is now hiring accounting and financial analyst positions for the 2020-2021 school year (click links above for job descriptions).
Please check out these job descriptions and send us your resume and unofficial transcript to the careercenter.tamu.edu
Questions? Please contact:
We will also be at the Financial Planning Career and Education Conference on October 24-25th with interview spaces still available on October 24th!
It seems challenging to keep your personal data private with all of the bugs and breeches out there today. Almost monthly there is a new cyber threat or data breach in popular companies such as Facebook, Google, Marriott Hotels, and many other small scale attacks from hackers. There are quick and easy changes YOU can make right NOW to help protect your digital privacy.
Whether you are on your phone or your laptop, you can leave a digital trail of the sites you have visited. Use these strategies above to help keep your personal data private. If you have further questions about these tips, please reach out to Traditions Wealth Advisors, 979-694-9100, or Brien@TraditionsWealthAdvisors.com
Source: St. John, Allen. 11 February, 2019. https://www.consumerreports.org/privacy/ways-to-protect-digital-privacy/
Jacob Carroll ‘20
Financial Analyst Intern
Jacob Carroll is a senior finance major from El Paso, Texas. At Traditions Wealth Advisors, Jacob is helping determine the firm’s approach to asset allocation and assists with overall investment committee agenda. Along with determining asset allocation, Jacob conducts in-depth market research on specific asset classes that are of interest to the investment committee and Brien. Jacob seeks to assist the firm in developing a comprehensive and efficient way to best service clients.
This past summer, Jacob worked with Pacific Investment Management Company (PIMCO), where he gained extensive investment and market knowledge. Through his involvement with Titans of Investing and business honors, Jacob brings a diversified financial experience to the team.
With his free time, Jacob enjoys spending time with his roommates, friends and fraternity brothers. Jacob attends Grace Southwood and enjoys deepening his relationship with Christ. Additionally, he loves his moped and playing sports.
Madison Flores ‘20
Financial Analyst Intern
As one of the financial analyst interns for Traditions Wealth Advisors, Madison does various research with a focus on the U.S. and foreign economies. She delivers concentrated research on the federal reserve’s monetary policy alongside current macroeconomic conditions and what they mean for Brien and his client’s portfolios. She loves trends and qualitative research and finding out why a certain event is affecting the market and what it could mean for the future.
Madison is a senior at Texas A&M and pursuing a bachelor’s degree in finance with a minor in economics. She will be graduating in May 2020. After graduation Madison plans to move to Houston and find an opportunity to broaden her skill set with a keen interest in consulting.
Outside of school and her work at Traditions Wealth Advisors, Madison is the treasurer of a Texas A&M student health and wellness organization called CHAARG standing for “Changing Health Actions and Attitudes to Recreate Girls.” She is also an active member of Aggie Women in Business, an organization that has helped her build her professional voice and network with individuals in the industries she is interested in. Besides her organizations, you can find her outside, working out, cooking or enjoying time with her friends.
Meredith Storey ‘20
Financial Analyst Intern
In her role as a Financial Analyst Intern, Meredith focuses on investment research for Sarah, Brien, and TWA clients. Her research is primarily focused on stock and fund evaluations using a combination of fundamental and technical analysis to deliver long-term projections on current and potential holdings. She enjoys assessing how securities’ short-term price fluctuations due to political, economic, and social trends compare to long-term forecasts based on intrinsic values. Meredith will graduate in May of 2020 with her Bachelors of Finance and Certificate in International Business. She will be pursuing either an MBA or a more data analytics focused master’s degree after graduation. As for her future career, Meredith hopes to be a portfolio manager for a hedge or mutual fund. Meredith’s particular interest in international business pushes her to incorporate international investing and travel into her future career as well.
Apart from her work at TWA, Meredith maintains an active role in Aggie Investment Club
and Delta Zeta Sorority. She enjoys philanthropic work through Adopt-A-Street, the Brazos
Valley Food Bank, and The Center for Hearing and Speech. Outside of work, school, or extra
curricular activities, her passions include learning languages, cooking, outdoor adventures,
and fashion and make up design.