While market movements can often be “priced in” weeks or months in advance, this week’s news cycle clearly had impacts on asset performance.  With so many reasons for a downturn, the market still found it’s footing.  Let’s find out how, On The Market. 
 
This week Sonoma Wealth Managing Principals Chris Sipes CFP® and Sonoma Wealth Marketing Director Dano Weir examine: 
• Daren explains why the “TACO” truck returned to the market this week. 
• Mag 7 held up the market after a rough start to the year.  Where do we go from here? 
• It’s tax time.  California feels like the most taxed state in the union.  Is it true? 
• Layoffs and college grad unemployment making headlines.  How many young people are still living with their parents? 
• Consumer sentiment is at a 70 year low, but we’ll examine what signals Daren sees that are indicating a bullish breakout. 
 
0:00 Intro 
6:20 Income tax by state 
8:20 Young adults living with their parents 
10:47 Investor Sentiment 
11:53 CPI ticks up 
12:30 ISM vs CPI 
16:21 Consumer sentiment at a 70 year low 
18:30 Goods inflation 
20:00 Spread on junk debt 
23:21 S&P is barely off all time highs 
24:20 Stock correlations are low 
26:09 Value stocks finally performing YTD 
28:00 Money supply still going up 
31:30 What the TACO trade really means for the S&P 
37:30 Heat map and thoughts on “up and to the right” 
49:00 Oil down 
49:40 Gold staying strong, Bitcoin double bottom 
 
Video available on YouTube: https://youtube.com/live/OORmha0_L3Q?feature=share

Book Your Wealth Analysis with Sonoma Wealth right here: https://sonomawealthadvisors.com/ 
 
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The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  
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