Air traffic control, National Parks, half the IRS, NASA, health agencies all shut down...the market took a minute, but now in tandem with new Chinese tensions, the market is reacting.  Negatively. Like the little meme about a dog surrounded by chaos having coffee, you just gotta say... 
 
Government Shut Down. Chinese Trade Tensions.  This Is Fine. 
 
This week On The Markets, Sonoma Wealth Managing Principals Daren Blonski CFP®, Chris Sipes CFP® and Sonoma Wealth Marketing Director Dano Weir look at: 
• How the market is reacting currently and historically to government shutdowns, and new tensions between Trump and China. 
• Gold hit a huge milestone this week.  Which countries are producing the most? 
• What the so-called “Buffet Indicator” says about the market at this moment. 
• Why our diversified investors are chilling today. 
 
 
12:50 Gold production by company 
18:27 Investor sentiment 
20:50 S&P Performance During Government Shutdowns 
22:28 Top performers in the market this year 
25:02 Spending of high income individuals 
26:28 Consumer sentiment 
27:47 Rising probability of losing your job 
29:01 Total stock allocations 
30:40 Top 20 percent of households by income make up 2/3 of net wealth 
32:06 Home equity percentages 
34:54 The “Buffet Indicator” hit an all-time high 
39:17 Shiller PE Ratio nearing highs 
56:00 S&P got smoked today 
1:00:00 10 year treasury could go either way, maybe down 
1:02:00 Gold looks like a meme stock 
1:07:00 Bonds doing pretty well 
 
 
 
Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/ 
 
Video available on our YouTube Channel

 
_______________________________________ 
Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  
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.  
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser todetermine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.

You just sort of wake up and are in a cycle that you don't know how it started and it's unclear when it'll end.  The money has money, the money goes to the performance, the performance is Ai, the Ai keeps spending, the employment doesn’t matter, wash rinse repeat.  Because... 
 
The Virtuous Cycle Continues 
 
This week On The Markets, Sonoma Wealth Managing Principals Daren Blonski CFP®, Chris Sipes CFP® and Sonoma Wealth Marketing Director Dano Weir look at: 
• This closed loop cycle of investment and Ai that seems to be feeding on itself.  Is there an end or should we be saying This Is The Way now? 
• How has the S&P performed during government shutdowns? 
• Wait the average consumer is in a GOOD position? 
• Ai companies with high “valuations”...kay what historically what has that done for their stock’s performance? 
• Bounceback for Bitcoin and a weekly ATH for S&P 
 
9:20 What’s the S&P performance during government shutdowns? 
11:30 Wealth breakout by generation 
18:50 Price to earnings ratio and equity returns 
20:35 Valuations are a poor predictor in the short term 
22:30 Average consumer is in a GOOD position? 
27:21 Sentiment indicators 
28:27 What economic environment are we in? 
29:30 Consumer Price Index compared to manufacturing 
35:45 Does the official data show gold has overtaken treasuries as a Central Bank reserve asset? 
37:50 NVDA breakout again 
40:00 Heat map 
44:20 Bitcoin hits ATH 
46:00 Bonds are back in vogue? 
47:10 Equal-weighted index hits ATH too 
47:40 Oil chart signaling...too much supply? 
49:40 The dollar has gotten pounded this year 
50:09 Gold looks like a crypto chart 
53:19 Market volatility 
 
 
 
 
 
Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/ 
 
Video available on our YouTube Channel
 
_______________________________________ 
Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  
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.  
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser todetermine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.

You leave the money in your checking account, you get 0%. 
You move the money to the account below it in your online login you get...3%? 4%? 5%?!?! 
That’s been life for the last couple years with money market accounts.  A no brainer spot to park funds you might need soon or even...for awhile?  Chris Sipes thinks that may change soon. 
 
This week On The Markets, Sonoma Wealth Managing Principal Chris Sipes CFP® and Sonoma Wealth Marketing Director Dano Weir look at: 
• The economic and monetary factors that may finally bring those high money market rates back down.  Why now might be a good time to review your cash. 
• The Fed cut rates?  Nobody told the mortgage industry. Rates went UP after the cut. 
• Cash under the mattress?  Leave it chilling in the online checking?  Joke’s on all of us. A look at how in 50 years $10 becomes $3 when your cash stays cash. 
 
10:16 Investor Sentiment 
12:00 Asset classes in different environments 
15:23 S&P returns over or under average 
16:39 Core PCE 
21:10 Short and long term rates since the cut 
23:00 30 year mortgages 
25:03 Inflation erodes purchasing power 
26:02 Money market funds 
29:40 Top 50 vs Bottom 450 in S&P 
32:08 Debt to equity ratios of direct AI stocks 
34:16 Small cap earnings are yet to recover 
36:05 S&P earnings in comparison to the Fed Funds rate 
 
 
 
Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/ 
 
Video available on our YouTube Channel: https://youtube.com/live/JEgnQowvqWQ

 
_______________________________________ 
Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  
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.  
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser todetermine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.

Halloween in September?  Not exactly.  The S&P wasn’t that spooky or great this week, but there was some “witchcraft” that happened today we need to look at.  Plus, an exciting guest joins the show from Canada's finance hub, Toronto to give his perspective on potential vulnerabilities in the US market right now, On The Markets. 

This week On The Markets, Sonoma Wealth Managing Principal Daren Blonski CFP®, Chris Sipes CFP® and Marketing Director Dano Weir jump in on: 

• How inflationary pressures might affect the standard 60/40 portfolio with special guest Mike Philbrick, CEO of ReSolve Asset Management. 

• Plus, Mike gives an *amazing* viewpoint on the 2022 moment that he sees as the catalyst for gold’s unprecedented run. 

• What exactly is the ‘triple witching’ that happened today, and how did the market react? 

• Small cap companies finally having a moment out of the doghouse?  Why? 

 
Learn more about Mike and ReSolve Asset Management at: https://investresolve.com/ 
 
Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/ 
 
Video available on our YouTube Channel: https://www.youtube.com/live/xjxFf9QosPk


 
_______________________________________ 
Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  
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.  
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser todetermine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.

Our show is focused on the markets, but sometimes the markets are impacted by political and global events.  And yet, despite a tumultuous week that could have easily been a narrative for a dip, the market kept plugging away. It’s time to ask the question... 
Why Isn’t The Market Reacting? 
This week On The Markets, Sonoma Wealth Managing Principal Daren Blonski CFP®, Chris Sipes CFP® and Marketing Director Dano Weir explain: 

• The economic data that could easily be contributing to a down market that’s just...not happening, S&P is still up. 

• Tariffs are in effect but somehow the trade deficit got worse, but S&P is still up. 

• The plain numbers that show the S&P as a whole is extremely expensive, but the S&P is still up (catching the theme here?). 

4:30 Investor sentiment 
9:17 What does the S&P do after a rate cut? 
11:02 Trade deficit has actually increased with tariffs 
11:51 National debt still up 
14:55 Chances of a Fed rate cut 
15:55 The Fed doesn’t control all interest rates 
17:46 How expensive is the S&P? 
23:53 New CPI/inflation numbers 
28:04 Consumer sentiment right now below even 2008 
29:14 People are still spending 
31:37 US expansions and recessions 
36:03 Productivity per worker is up 
38:35 S&P drawdown frequency 
39:47 Guess the stock 
47:49 S&P 500 performance 
51:36 10 year treasury 
53:12 Agg bond index 
56:28 Oil doing nothing 
58:40 Yield curves 

 
Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/ 
 
Video available on our YouTube
 
_______________________________________ 
Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  
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.  
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser todetermine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.

Cut the rates, money will be cheaper, millions can refinance, market tends to love rate cuts, ...what could go wrong? 
This week On The Markets, Sonoma Wealth Managing Principal Daren Blonski , Chris Sipes CFP® and Marketing Director Dano Weir explain: 

• Why the scenario where rates need to be cut means we are likely looking at a major economic downturn 
• Why single family home sales are looking like 2008 
• In the last 20 years should you have been in all gold or all stocks?  Joke’s on all of us, it’s a push? a
• What is a massive drop in “Doctor Copper” telling us about a possible recession? 

8:01 US vs Global Equity Returns 

11:45 US Equities vs The Rest Of The World since 2009 

14:00 Investor sentiment 

15:25 Odds of a rate cut 

19:33 Job numbers 
 
23:09 2 year treasury vs. Fed Funds Rate 
 
27:30 Americans own more stocks than ever 
 
31:25 Time between S&P 500 All Time Highs 
 
33:12 S&P 500 – where are we going over time?  CAPE ratios 
 
35:38 Russell 2000 is still a dog 
 
37:00 Gold vs. US Stock Market 
 
40:10 New single family homes at near 2008 levels 
 
43:20 Why do we look at “Doctor Copper”? 
 
44:24 Jobs numbers 
 
54:48 Market heat map 
 
55:10 10 year treasury 
 
56:23 Oil performance 
 
59:00 NVidia and Microsoft performance 
 
1:02:00 Agg Bond index 
 

Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/ 
 
Videos available on our YouTube Channel: https://www.youtube.com/playlist?list=PLaOjL6z16wjV2_CTStzc36Y5JtiwhVoGJ 
Audio also available on  
Apple Podcasts https://podcasts.apple.com/us/podcast/on-the-markets/id1802984526 
Spotify https://open.spotify.com/show/2YqyNLN7mcBApS5RL2piAj 
 
_______________________________________ 
Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  
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.  
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser todetermine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.

The overarching theme of this decade’s market thus far has been ‘concentration’, meaning a few large, US tech stocks (many fueled by Ai) have just been getting bigger and bigger and smaller stocks have been getting smaller and smaller.  But this week we’re seeing signs of cracks.  And it’s time to ask... 

Is Concentration Still A Thing? 

This week On The Markets, Sonoma Wealth Managing Principals Daren Blonski CFP®, Chris Sipes CFP® and Marketing Director Dano Weir look at this exact idea, as well as: 

• What changing home prices and unemployment could mean about the supposedly “fine” US economy. 

• IF the Fed makes a rate cut next month, what has history shown us the S&P will do? 

• Is the Mag 7 melting?  Are small caps about to have a moment?  Why Ai might be the new 2000 Internet Bubble. 

3:27 What is concentration? 
15:35 More unemployment is expected 
16:48 Consumer sentiment 
17:39 What goes in to ‘calling a recession’? 
28:30 What does the S&P do historically after rate cuts? 
29:40 Small Caps vs Large Caps 
31:18 Hidden volatility in the Mag 7 
32:40 Are small caps having a moment? 
34:00 The Russell 2000 
36:20 Japan’s Nikkei hits all-time high 
37:45 Home prices saw decreases 
40:10 Bonds are...back? 
42:40 Silver and Gold breaking out? 
44:10 S&P did nothing this week 
46:21 Bitcoin in a precarious spot 
50:38 Mag 7 stalling out 
 
 
 

Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/ 
 
Videos available on our YouTube Channel: https://youtube.com/live/8I281f-QDq4

Audio also available on  
Apple Podcasts https://podcasts.apple.com/us/podcast/on-the-markets/id1802984526 
Spotify https://open.spotify.com/show/2YqyNLN7mcBApS5RL2piAj 
 
_______________________________________ 
Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  
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.  
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  
  
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser todetermine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.

He lurks in the shadows, waiting for the right moment to come out in Jackson Hole with his secrets that send the market into a frenzy.  HE IS-  FED PRESIDENT JEROME POWELL, but guess what we (think) we know now? 
We’re having some fun with the episode name, but the market was far from a horror movie on friday!  This week On The Markets, Sonoma Wealth Managing Principal Daren Blonski CFP®, Chris Sipes CFP® and Marketing Director Dano Weir are joined by a special guest at a critical inflection point: 
 

• Bob Elliott, Co-Founder and CEO of Unlimited Funds, an investment company which creates and manages ETFs, joins the show...our first guest!  Bob is renowned for his knowledge of macroeconomics, and provides his take on Jerome Powell’s comments indicating interest rates will be cut in September.  The market reacted immediately on Friday...but was that *really* a good thing? 

• College grad unemployment numbers-  is it really AI taking their jobs? Or does this lull dove with an existing cycle? 

• What does the market concentration moment have in common with the space race in the 1960s? 

 
0:00 Special Guest Bob Elliott from Unlimited Funds on Jerome Powell’s potential rate cut comments 
23:40 Investor Sentiment 
25:33 Potential for a rate cut in September 
33:10 2 year treasury rate action 
40:55 Housing market index hits covid lows 
42:40 Credit balances of sub-prime borrowers 
 
 
Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/ 

 
Videos available on our YouTube Channel: https://www.youtube.com/playlist?list=PLaOjL6z16wjV2_CTStzc36Y5JtiwhVoGJ 

Audio also available on  
Apple Podcasts https://podcasts.apple.com/us/podcast/on-the-markets/id1802984526 
Spotify https://open.spotify.com/show/2YqyNLN7mcBApS5RL2piAj 
 
_______________________________________ 
Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  
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.  
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser todetermine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.

We are indeed a wealth management firm that deep dives on market trends, expense ratios, long term tax implications, competing currency trends, etc, etc, etc... 
But we also keep our feet on the ground and ask- how does that actually show up in your life?  On today’s episode, we look at the macro economics that have left us with.... 
This week On The Markets, Sonoma Wealth Managing Principal Daren Blonski CFP® and Marketing Director Dano Weir examine: 

• Why monetary policy has ballooned everyday items like burritos, and will likely never come back down. 

• Speaking of inflation, new inflation numbers came in hot this week.  Why that puts Trump and The Fed in a deeper standoff. 

• Speaking of the President, he met with Putin today in Alaska.  Major implications for oil...so what did oil do today in the market? 

0:00 Why we might be stuck with $13 burritos 
6:52 New core PPI data shows inflation spike 
14:22 So what did that do to the S&P? 
17:50 10 Year bond yield 
20:08 How did Trump/Putin affect oil? 
21:06 Gold 
21:31 Mag 7 
21:18 Nvidia 
23:00 MOVE index 
23:18 Silver 
32:30 Dr. Copper 
34:48 Junk Bonds 
 

Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/ 
 
Videos available on our YouTube Channel: https://www.youtube.com/playlist?list=PLaOjL6z16wjV2_CTStzc36Y5JtiwhVoGJ 
Audio also available on  
Apple Podcasts https://podcasts.apple.com/us/podcast/on-the-markets/id1802984526 
Spotify https://open.spotify.com/show/2YqyNLN7mcBApS5RL2piAj 
 
_______________________________________ 
Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  
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.  
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  
  
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser todetermine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.

Did you know IBM laid off 8000 people in May, essentially handing the bulk of its HR operations to an A.I. chatbot? It’s true, underreported and happening more and more. 
As we see how A.I. hits the marketplace, it's seeming less a hostile takeover, and more a creeping ground swell.  Could it be doing the same to your portfolio?   
This week On The Markets, Sonoma Wealth Managing Principal Daren Blonski CFP® and Marketing Director Dano Weir look at this exact idea, as well as: 

• What Las Vegas tourism numbers could be saying about the economy 

• Impacts of the firing of the head of the IRS 

• Why tariffs actually might be helping and hurting 

5:10 Look at the S&P 500 
6:50 S&P heat map gobbled up by Big Tech 
10:56 College grad unemployment rate affected by AI? 
19:16 Themes for investing 
32:35 Gold chart 
33:18 Bond market 
39:05 Dow Jones transportation and IWM 
 

 
Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/ 
 
Videos available on our YouTube Channel: https://www.youtube.com/playlist?list=PLaOjL6z16wjV2_CTStzc36Y5JtiwhVoGJ 
Audio also available on  
Apple Podcasts https://podcasts.apple.com/us/podcast/on-the-markets/id1802984526 
Spotify https://open.spotify.com/show/2YqyNLN7mcBApS5RL2piAj 
 
_______________________________________ 
Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  
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.  
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  
  
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser todetermine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.