Weekly Market Commentary

Medicare open enrollment ends on December 7th. If you’re on Medicare (or enrolling for the first time) now is a good time to compare plans, make sure you have the coverage you need, and potentially save money.

Stocks staged a powerful rally last week, riding a wave of optimism over the prospect of the passage of a new fiscal stimulus bill. The Dow Jones Industrial Average rose 3.27%, while the Standard & Poor’s 500 increased 3.84%. The Nasdaq Composite index gained 4.56% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, advanced 2.23%.

Need a distraction from your day? Scroll down to the bottom. There’s a baby jaguar. But first, let’s talk about climate change.

One of the biggest parts of our jobs is listening and lately, we’ve heard a trend in our conversations. Many of you have asked if it’s the right time to consider a mortgage refinance. So, let’s dive in and touch on the key questions you need to answer to make an informed decision.

It was a busy news weekend and we know how overwhelming it can be sort through the headlines. The political climate has dominated the media focus, almost overshadowing talk of the coronavirus. A U.S. drug company recently said that it’s in late-stage trials for its coronavirus vaccine and reported that it could be given to Americans as early as the end of the year.

It's been a long, smoky weekend for those of us on the west coast, with hazardous air quality keeping most of us indoors. We sincerely hope you and your neighbors are safe. In an already bizarre year, these wildfires reminded us that nothing is certain. Despite the chaos of 2020, we’re grateful to see communities coming together and supporting those in need. While we're the biggest advocates for having a plan, people usually aren’t ready for unprecedented disasters. That's why its's so important for communities to step in when others need us most.

It's back to school season and it has us thinking — what can we do to support our kids? Well, a few weeks ago we launched our social media pages, so it seems like a perfect time for a Facebook promotional campaign. We want our social media community to reflect the same warmth and intent as our conversations in the office. We need your help in creating this space, after all, engaging digitally is like having a conversation — we need both a speaker and a listener.

The hot and quiet summer days leave an awful lot of time for reflection. Are you prepared for a happy retirement? That’s what all the years of planning were for. Accomplishing financial goals and checking all the boxes is only half of the equation. You’ve worked hard to build a life you love in retirement, now let’s make sure you enjoy it!

We have bad news fatigue. So, for this week, we're focusing on sharing the wins. And boy do we have some cool news to share! Our leader, or as advisor Matt Hobson refers to him, “Chief", was recognized as an Advisor Hero by Redtail Technology (a leading tech company in our industry)! While Chad resists the word "hero", we (his team) know that his vision and guidance during all this turbulence will help us land safely on the other side.

One of the benefits of being in the Eagle Wealth community is that your child or grandchild falls under our umbrella. It’s been a disappointing season for our 2020 high school and college graduates – and we want to help. Your child or grandchild is able to speak with us and get answers to their burning money questions. Whether they're preparing for a bachelor’s degree, graduate school, or braving the workforce, there's a lot of questions about what to do next.