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October 2023 Financial Market Review

eTradeWire News/10753176
Trajan Wealth
"The FOMC has considerable control over short-term interest rates. We have much less influence over longer term rates, which are set in the marketplace." - Jerome Powell. Chairman, Federal Reserve Bank

PHOENIX - eTradeWire -- Trajan Wealth dissects last month's financial market trends to help keep you informed. The financial institution's chief investment officer, Udayan Mitra, CFA, releases the latest installment of monthly financial market recaps. Read the full October Market Review here and more blogs from Trajan Wealth about current market happenings and other relevant topics

Key points of the review are:
  • Markets continued trending lower in October, with stocks and bonds once again posting negative returns for the month.
  • The Personal Consumption Expenditure deflator ("PCE" deflator) is currently running at about 4%, a level almost twice the FOMC's policy target.
  • Higher interest relative to the decade following the end of the Great Financial Crisis is now a global phenomenon.
  • We continue to advocate an elevated level of diversification across asset classes and develop specific asset allocation perimeters that cater to individual risk-tolerance thresholds.
  • For investors with a long-term investment horizon, the illiquidity premium in private assets is an attractive source of additional returns.

To read the entire review and learn more about your investment recommendations, please visit the full October 2023 Financial Market Review.

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About Trajan Wealth:

Trajan Wealth LLC, was founded in 2012 by CEO Jeff Junior. Before his 20+ years in the financial services profession, Jeff Junior was a United States Marine Corps member. Jeff continues to serve his clients and employees with the utmost service, respect, and attention to detail. The firm has multiple locations in Arizona, Texas, Georgia, Colorado, Florida, and Utah.

Udayan Mitra, CFA, came to Trajan Wealth with over two decades of experience in the investment management industry. He has held positions as a proprietary trader, senior portfolio manager, Investment Director, and CIO across institutional investment management firms, pension funds, and several large, institutional-class family offices. Udayan earned a Bachelor of Science degree in Economics from the London School of Economics and an MBA in Finance from Rice University.

For more information on all the different services offered or to schedule a complimentary consultation, visit https://trajanwealth.com or call 1-800-838-3079.

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Disclaimer:

*​Financial advisory services offered through Trajan® Wealth L.L.C., an SEC registered investment advisor.

Contact
Tami Hampshire
***@trajanwealth.com


Source: Trajan Wealth

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