On this episode of Markets with Megan, economic insights that could influence your investment strategies as Megan Horneman, Chief Investment Officer at Verdence Capital Advisors, breaks down the  findings of the latest ISM Manufacturing Report. With the manufacturing sector showing signs of contraction for a record-breaking 16 months, we're analyzing what this means for the economy's health and a potential recession. Megan discusses the concerning downturn in new orders and the parallels in employment levels to those seen during the challenging days of the pandemic.

As the economy slows, inflation continues to loom, posing a challenge to both the markets and the Fed's monetary policy. Megan explains the unexpected reversal in the prices paid component, which suggests inflation pressures remain persistent despite broader economic headwinds. This episode is an essential listen for anyone looking to stay ahead in these changing economic times, providing a comprehensive look at the confluence of manufacturing woes and inflationary challenges.

Watch today's episode here: https://youtu.be/0O0MhTIcMbg

Disclaimer: material was prepared by Verdence Capital Advisors, LLC (“VCA”). VCA believes the information and data in this document were obtained from sources considered reliable and correct and cannot guarantee either their accuracy or completeness. VCA has not independently verified third-party sourced information and data. Any projections, outlooks
or assumptions should not be construed to be indicative of the actual events which will occur. These projections, market outlooks or estimates are subject to change without notice. This material is being provided for informational purposes only and is not intended to provide, and should not be relied upon for, investment, accounting, legal, or tax advice. Past performance is not a guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance
that the future performance of any specific investment, investment strategy, or product or anynon-investment related content, made reference to directly or indirectly in these materials will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. You should not assume that any
discussion or information contained in this report serves as the receipt of, or as a substitute for, personalized investment advice from VCA. Due to various factors, including changing market conditions and/or applicable laws, the co...

In today's episode of Markets with Megan, Megan Horneman looks into the highly anticipated Personal Consumption Expenditure Report, breaking down crucial details on personal income, spending, and inflation. She discusses the PCE Core deflator, the Fed's preferred inflation gauge, highlighting its significance in comparison to the CPI index. Megan covers the unexpected rise in personal income, the more subdued personal spending, and the consequent increase in the personal savings rate. looking into the inflation data, where goods prices experienced deflation, but services inflation remains a concern for the Fed. Stay tuned tomorrow for updates on the market's current state. Feel free to reach out with any questions or comments at podcast at Verdence dot com.

Watch today's episode here: https://youtu.be/7oFbajqmYwg

Disclaimer: material was prepared by Verdence Capital Advisors, LLC (“VCA”). VCA believes the information and data in this document were obtained from sources considered reliable and correct and cannot guarantee either their accuracy or completeness. VCA has not independently verified third-party sourced information and data. Any projections, outlooks
or assumptions should not be construed to be indicative of the actual events which will occur. These projections, market outlooks or estimates are subject to change without notice. This material is being provided for informational purposes only and is not intended to provide, and should not be relied upon for, investment, accounting, legal, or tax advice. Past performance is not a guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance
that the future performance of any specific investment, investment strategy, or product or anynon-investment related content, made reference to directly or indirectly in these materials will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. You should not assume that any
discussion or information contained in this report serves as the receipt of, or as a substitute for, personalized investment advice from VCA. Due to various factors, including changing market conditions and/or applicable laws, the co...

In our latest episode of Markets with Megan, Chief Investment Officer Megan Horneman addresses the decline in consumer confidence, marking its first drop in four months. Megan examines the report's components, emphasizing the deteriorating view on job prospects and expectations for weaker business conditions and individual incomes over the next six months. When talking about inflation expectations, she notes a slight easing but underscores the persistent concern, with a median view of 4.2 percent. Stay tuned this week for upcoming economic data releases, including the University of Michigan consumer confidence survey and the Fed's preferred inflation measure. For any questions or comments, reach out to us at podcast at Verdence dot com.

Watch today's episode here: https://youtu.be/bVBEevm3YeY

Disclaimer: material was prepared by Verdence Capital Advisors, LLC (“VCA”). VCA believes the information and data in this document were obtained from sources considered reliable and correct and cannot guarantee either their accuracy or completeness. VCA has not independently verified third-party sourced information and data. Any projections, outlooks
or assumptions should not be construed to be indicative of the actual events which will occur. These projections, market outlooks or estimates are subject to change without notice. This material is being provided for informational purposes only and is not intended to provide, and should not be relied upon for, investment, accounting, legal, or tax advice. Past performance is not a guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance
that the future performance of any specific investment, investment strategy, or product or anynon-investment related content, made reference to directly or indirectly in these materials will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. You should not assume that any
discussion or information contained in this report serves as the receipt of, or as a substitute for, personalized investment advice from VCA. Due to various factors, including changing market conditions and/or applicable laws, the co...

Megan Horneman, Chief Investment Officer at Verdence Capital Advisors, looks into the latest insights from the existing home sales report for January today. Megan highlights a positive uptick, surpassing the psychological level of the 4 million home sales mark on an annualized rate, marking the most significant increase since February 2023. Although single-family homes led the surge, all regions experienced growth, with the west leading the way. However, challenges are still present as rising mortgage rates above 7 percent and persistently low inventories, are affecting affordability for both first-time and seasoned homebuyers. She discusses the hurdles in the housing market, emphasizing the elevated median home price of $379,000 compared to the five-year average of $325,000. While acknowledging the market's attempts to find stability, Megan provides valuable insights into the potential cyclical nature of these challenges. Stay tuned for weekly updates on the economic calendar, and for any questions or comments please reach out to us at podcast at Verdence dot com.

https://youtu.be/wzl07E31Pn0

Disclaimer: material was prepared by Verdence Capital Advisors, LLC (“VCA”). VCA believes the information and data in this document were obtained from sources considered reliable and correct and cannot guarantee either their accuracy or completeness. VCA has not independently verified third-party sourced information and data. Any projections, outlooks
or assumptions should not be construed to be indicative of the actual events which will occur. These projections, market outlooks or estimates are subject to change without notice. This material is being provided for informational purposes only and is not intended to provide, and should not be relied upon for, investment, accounting, legal, or tax advice. Past performance is not a guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance
that the future performance of any specific investment, investment strategy, or product or anynon-investment related content, made reference to directly or indirectly in these materials will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. You should not assume that any
discussion or information contained in this report serves as the receipt of, or as a substitute for, personalized investment advice from VCA. Due to various factors, including changing market conditions and/or applicable laws, the co...

Megan Horneman looks into the key takeaways from the Federal Reserve's January meeting minutes in today's episode. Megan highlights the Fed's hawkish tilt, expressing concerns about potential stalls in inflation progress and emphasizing the risks of cutting rates too quickly. She examines the precursors to the meeting's release, including concerns about Nvidia earnings and a challenging 20-year bond auction. The effects include a rise in yields, disrupting equities, and particularly impacting the infotech sector. Megan discusses the bond auction, citing specific metrics like the sizable tail and the lowest bid-to-cover ratio since August 2022. If you have any questions or comments please reach out to podcast at Verdence dot com.  

Watch today's episode here: https://youtu.be/IXvN_cn6e2k

Disclaimer: material was prepared by Verdence Capital Advisors, LLC (“VCA”). VCA believes the information and data in this document were obtained from sources considered reliable and correct and cannot guarantee either their accuracy or completeness. VCA has not independently verified third-party sourced information and data. Any projections, outlooks
or assumptions should not be construed to be indicative of the actual events which will occur. These projections, market outlooks or estimates are subject to change without notice. This material is being provided for informational purposes only and is not intended to provide, and should not be relied upon for, investment, accounting, legal, or tax advice. Past performance is not a guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance
that the future performance of any specific investment, investment strategy, or product or anynon-investment related content, made reference to directly or indirectly in these materials will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. You should not assume that any
discussion or information contained in this report serves as the receipt of, or as a substitute for, personalized investment advice from VCA. Due to various factors, including changing market conditions and/or applicable laws, the co...

In this episode of Markets with Megan, Megan Horneman looks into the surprising retail sales report for January, revealing a significant miss in every category, marking the largest decline since March 2023. She analyzes the details, highlighting declines in autos, motor vehicle sales, and building materials, which could be attributed to weather-related conditions. Megan also expresses concern about the service side of the economy, emphasizing the impact of high credit card balances and rates on consumer spending. Discussing the implications for the economy and the Fed, she predicts potential downgrades to first-quarter GDP estimates. Despite the market's positive reaction, the Fed remains focused on inflation over economic concerns. Stay tuned for more updates on inflation in the coming weeks. For questions or comments, reach out to podcast at  Verdence dot com. Thank you for tuning in.

Watch today's episode here: https://youtu.be/LKgltJuEc4s

Disclaimer: material was prepared by Verdence Capital Advisors, LLC (“VCA”). VCA believes the information and data in this document were obtained from sources considered reliable and correct and cannot guarantee either their accuracy or completeness. VCA has not independently verified third-party sourced information and data. Any projections, outlooks
or assumptions should not be construed to be indicative of the actual events which will occur. These projections, market outlooks or estimates are subject to change without notice. This material is being provided for informational purposes only and is not intended to provide, and should not be relied upon for, investment, accounting, legal, or tax advice. Past performance is not a guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance
that the future performance of any specific investment, investment strategy, or product or anynon-investment related content, made reference to directly or indirectly in these materials will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. You should not assume that any
discussion or information contained in this report serves as the receipt of, or as a substitute for, personalized investment advice from VCA. Due to various factors, including changing market conditions and/or applicable laws, the co...

In this episode, Chief Investment Officer Megan Horneman looks into the January inflation report, specifically the Consumer Price Index, a highly anticipated update for investors and closely monitored by the Federal Reserve. Unfortunately, there were surprises as both headline and core inflation exceeded expectations, with notable increases in food, shelter, and service sectors. Megan talks about the details, highlighting the challenges posed by rising inflation pressures, particularly in service prices. The market's response has been significant, impacting the probability of a Fed rate cut and causing notable shifts in Treasury yields and the S&P 500. Stay tuned for more updates throughout the week, including retail sales and additional inflation data. For questions or comments, reach out to podcast at Verdence dot com.

Watch today's episode here: https://youtu.be/XE2tNYrEYgs

Disclaimer: material was prepared by Verdence Capital Advisors, LLC (“VCA”). VCA believes the information and data in this document were obtained from sources considered reliable and correct and cannot guarantee either their accuracy or completeness. VCA has not independently verified third-party sourced information and data. Any projections, outlooks
or assumptions should not be construed to be indicative of the actual events which will occur. These projections, market outlooks or estimates are subject to change without notice. This material is being provided for informational purposes only and is not intended to provide, and should not be relied upon for, investment, accounting, legal, or tax advice. Past performance is not a guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance
that the future performance of any specific investment, investment strategy, or product or anynon-investment related content, made reference to directly or indirectly in these materials will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. You should not assume that any
discussion or information contained in this report serves as the receipt of, or as a substitute for, personalized investment advice from VCA. Due to various factors, including changing market conditions and/or applicable laws, the co...

In today's special 100th episode of Markets with Megan, Chief Investment Officer Megan Horneman, addresses the recent market volatility and its ties to the Federal Reserve's decision-making. In our December warnings, we highlighted Chairman Jerome Powell's dovish turn on interest rates, predicting potential pitfalls. Fast forward to today, and we're witnessing the aftermath of early dovishness, with economic activity surging, inflation indicators rising, and the Fed scrambling to backtrack expectations for rate cuts. Despite positive consumer sentiment and spending, credit card delinquencies are on the rise. As we closely monitor these developments, the Fed faces a delicate balancing act.  We want to thank everyone who has tuned in for the first 100 episodes and we hope you'll continue to join us for the next 100! If you have questions or comments, reach out to podcast at Verdence dot com.

Watch Today's episode here: https://youtu.be/EJmtThyH_Tg

Disclaimer: material was prepared by Verdence Capital Advisors, LLC (“VCA”). VCA believes the information and data in this document were obtained from sources considered reliable and correct and cannot guarantee either their accuracy or completeness. VCA has not independently verified third-party sourced information and data. Any projections, outlooks
or assumptions should not be construed to be indicative of the actual events which will occur. These projections, market outlooks or estimates are subject to change without notice. This material is being provided for informational purposes only and is not intended to provide, and should not be relied upon for, investment, accounting, legal, or tax advice. Past performance is not a guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance
that the future performance of any specific investment, investment strategy, or product or anynon-investment related content, made reference to directly or indirectly in these materials will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. You should not assume that any
discussion or information contained in this report serves as the receipt of, or as a substitute for, personalized investment advice from VCA. Due to various factors, including changing market conditions and/or applicable laws, the co...

Megan Horneman, Chief Investment Officer at Verdence Capital Advisors, brings you the latest insights into the surge in service sector growth in today's episode. Megan discusses the recently unveiled data on the service sector, a pivotal aspect of American consumer spending. This report, surpassing expectations, reflects a substantial upswing, particularly in imports and the attention-grabbing prices paid component. The surge in this service number, the highest in monthly growth since August 2012, has caught the eye of the Federal Reserve, raising concerns about inflationary pressures. As a result, equity markets are responding with a dip, and the outlook hints at a reconsideration of the timeline for future rate hikes. If you have questions or comments please reach out to podcast at Verdence dot com.

Watch today's episode here: https://youtu.be/tRKUk4-YJe8

Disclaimer: material was prepared by Verdence Capital Advisors, LLC (“VCA”). VCA believes the information and data in this document were obtained from sources considered reliable and correct and cannot guarantee either their accuracy or completeness. VCA has not independently verified third-party sourced information and data. Any projections, outlooks
or assumptions should not be construed to be indicative of the actual events which will occur. These projections, market outlooks or estimates are subject to change without notice. This material is being provided for informational purposes only and is not intended to provide, and should not be relied upon for, investment, accounting, legal, or tax advice. Past performance is not a guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance
that the future performance of any specific investment, investment strategy, or product or anynon-investment related content, made reference to directly or indirectly in these materials will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. You should not assume that any
discussion or information contained in this report serves as the receipt of, or as a substitute for, personalized investment advice from VCA. Due to various factors, including changing market conditions and/or applicable laws, the co...

In this episode of Markets with Megan, Verdence Capital Advisors CIO Megan Horneman provides a comprehensive analysis of the January Employment Report. The report surpassed expectations, revealing the addition of 353,000 jobs to the US economy, exceeding the highest estimate of 300,000. Megan looks into the sectors driving this growth, with a focus on private education, healthcare, professional business services, and trade/transportation. The report highlights a positive trend in women returning to the labor force, contributing significantly to the overall job increase. Despite a steady unemployment rate of 3.7%, Megan mentions key factors the Federal Reserve will scrutinize, including a notable 4.5% increase in average hourly earnings on a year-over-year basis. Megan discusses the market's reactions, emphasizing the impact on bond yields and equities, as well as addressing potential concerns related to average hours worked and underemployment rates. For questions or comments please reach out to podcast at Verdence dot com.

Watch today's episode here: https://youtu.be/h52dhuA1t2A

Disclaimer: material was prepared by Verdence Capital Advisors, LLC (“VCA”). VCA believes the information and data in this document were obtained from sources considered reliable and correct and cannot guarantee either their accuracy or completeness. VCA has not independently verified third-party sourced information and data. Any projections, outlooks
or assumptions should not be construed to be indicative of the actual events which will occur. These projections, market outlooks or estimates are subject to change without notice. This material is being provided for informational purposes only and is not intended to provide, and should not be relied upon for, investment, accounting, legal, or tax advice. Past performance is not a guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance
that the future performance of any specific investment, investment strategy, or product or anynon-investment related content, made reference to directly or indirectly in these materials will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. You should not assume that any
discussion or information contained in this report serves as the receipt of, or as a substitute for, personalized investment advice from VCA. Due to various factors, including changing market conditions and/or applicable laws, the co...