Megan Horneman, the Chief Investment Officer at Verdence Capital Advisors, discusses the latest jobs report, a key indicator in the financial world. She goes over the October job figures, which saw 150,000 jobs added and a slight uptick in the unemployment rate to 3.9 percent, and discusses why both stock and bond markets are rallying in response. Megan talks about why the market sometimes interprets "bad news" as a positive sign, indicating the potential pause in interest rate hikes by the Federal Reserve. Megan also focuses on the importance of considering this report as a lagging indicator and explores emerging cracks in the employment market, offering valuable insights for investors.

https://youtu.be/t59byewsE20

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", we break down the recent Federal Reserve meeting and Treasury funding announcement. Megan discusses that while the Fed did leave interest rates unchanged, the focus is on what they said. They emphasized a "tight" monetary policy, with plans to continue reducing their balance sheet. The standout words were "elevated" and "strong," highlighting a robust job market and economic growth in Q3. She focuses on how this initially boosted equity markets and lowered bond yields. However, a closer look at the press conference reveals that the Fed may not be finished. They're cautious about inflation and its impact on their targets, this suggests higher rates for a longer period. 

https://youtu.be/5eSKPAgiL3w

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, Chief Investment Officer at Verdence Capital Advisors, discusses recent developments in the bond market. She highlights that the Treasury's quarterly refunding announcement, where they reduced issuance from an expected $114 billion to $112 billion for the quarter. This decision caused a market rally as it lowered the 10-year note and 30-year bond issuance while keeping the 20-year issuance unchanged. Megan states that, although this news has led to lower yields, it's essential to consider the broader context. The Treasury is still issuing a significant amount of debt to fund the deficit, and the Federal Reserve, the largest holder of Treasury bonds, is reducing its balance sheet, potentially leading to upward pressure on yields in the future.

https://youtu.be/05uhuq2B6dw

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, the Chief Investment Officer for Verdence Capital Advisors, discusses recent economic information, particularly focusing on inflation and consumer data. She mentions that the Fed's preferred inflation indicator, core PCE, rose on a month-over-month basis, in line with expectations. Consumer spending data is also highlighted, showing a 0.7% increase, exceeding personal income. She mentions the final reading on consumer confidence, which saw a dip in future expectations for the economy but a significant rise in one-year ahead inflation expectations. Megan also talks about how the Fed is likely to appreciate the PCE numbers showing some deceleration in inflation, but they might be concerned about the persistent consumer spending. Megan also points out that company earnings and data from discretionary items suggest softening demand. This could indicate challenges for the consumer sector in future quarters.

https://youtu.be/xDfjFpixMR4

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, discusses the recently released third-quarter GDP report. The GDP growth came in at an impressive 4.9%, exceeding expectations of 4%. The growth is primarily attributed to a significant increase in personal spending, which hasn't been seen to this extent since the fourth quarter of 2021. Megan highlights the inflation component of the report, showing a notable deceleration from the previous quarter. However, she expresses concerns about service inflation, particularly noticeable for those renewing homeowners' insurance. Looking ahead, Megan is cautious about the sustainability of consumer spending, considering various economic challenges, such as rising interest rates, student loan repayments, high credit card debt, elevated gasoline prices, and geopolitical uncertainties. She discusses the Fed's role in managing the economy and controlling inflation as we move toward the next economic expansion.

https://youtu.be/rXy8LYliesM

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, discusses the surprising trends in the housing market, particularly new home sales in September. While there's been an increase in new home sales across regions, the median price of new homes has dropped consistently, reaching the worst annual decline since the Great Recession. She discusses the broader impact of these trends on the housing market, existing home sales are virtually non-existent, and mortgage applications are at a historic low since 1995.  Megan suggests that the decrease in new home sales might eventually influence the existing home sales market.

https://youtu.be/-WndWWILpJ4

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" by Verdence Capital Advisors, Megan provides a comprehensive update on a busy day in the world of economic data. She starts with insights into the labor market, where initial jobless claims fell below 200,000 last week. Megan then discusses the much-anticipated speech from Federal Reserve Chairman Jerome Powell at the Economic Club of New York, which shed light on the Fed's stance on interest rates. She talks about how this has influenced the market and suggests that we should not expect a rate cut anytime soon. 

https://youtu.be/glxKp0tUsYw

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 shares her insight on the market reaction to the September retail sales report. The events causing this reaction are the increase in gasoline station sales, end-of-summer internet spending, and other critical factors. Despite the positive retail sales data, the equity markets remained relatively flat, but there was significant movement in the fixed-income market. She mentions unseen aspects such as the lack of inflation adjustment and the implications of economic factors not included in the report, like the resumption of student loan payments and a dip in consumer confidence in October. Megan also discusses the heightened likelihood of a Fed rate hike before year-end and its potential effects on bond yields and prices. 

https://youtu.be/xIEzLoEqEe0

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 provides a comprehensive analysis of the latest inflation report and its implications on the Consumer Price Index. Discover how energy price increases have impacted the overall inflation rate and what it means for consumers when they visit the stores. Megan focuses on the core numbers and the concerning aspects that have led to a sell-off in the markets and a rise in interest rates. She also discusses the likelihood of another rate hike before the year's end and how it influences equity markets. For more in-depth discussions and insights, tune in to our next segment of "Markets with Megan." If you have questions or comments, reach out to us at podcast at Verdence dot com. Thank you for joining us for this essential update on the market.

https://youtu.be/USEXWqmVM40

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, we break down the latest inflation report. Discover how the Consumer Price Index impacts your everyday purchases and understand the surge in Energy prices that affected the headline number. Megan analyzes the core inflation levels and the concerning 4.1% year-over-year price growth. Megan discusses crucial data on housing and super core inflation, focusing on the market's reaction and interest rate movements. Stay informed on potential Fed rate hikes and their impact on equities. For more insights and market updates, subscribe and tune in to our next segment of Markets with Megan. If you have any questions or comments, reach out to us at podcast at Verdence.com.

https://youtu.be/hq7HgHIAFUU

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...