If you’ve been enjoying The Independent Advisors podcast for a while now and want to take the next step in your financial journey, I’d encourage you to head to our website,

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Scheduling is easy—once you land at jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) just click “Schedule Initial Call” and select a time that works best for you!

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327 Topics:

• Market Overview: U.S. stock indices face mixed monthly declines; year-to-date gains show market resilience.

• Nvidia Earnings Impact: Strong Q3 results boost investor confidence; shares rise 5% in premarket after earnings announcement.

• Berkshire Investment Shift: Buffett invests in Google, signaling confidence in tech and AI despite previous value-oriented strategies.

• S&P 500 Performance Insight: Equal-weighted indices outperform traditional metrics, highlighting potential sector rotation for winter months.

• Housing Affordability Issues: Median home prices near $420,000; mortgage payments consume 47% of median income, delaying homeownership.

• Waymo Growth in Autonomy: Waymo records 1 million driverless rides monthly, demonstrating increased consumer adoption of autonomous technology.

Show Notes:

Berkshire Buys 17.8M Share of $GOOGL

https://x.com/amitisinvesting/status/1989779215156215956?s=20

X Post @SethCL Seth Golden Nov 13, 2025

https://x.com/SethCL/status/1988951591668359410?s=20

Charlie Bilello’s “Week in Charts” – 11/13/25

https://bilello.blog/2025/the-week-in-charts-11-13-25?

If you’ve been enjoying The Independent Advisors podcast for a while now and want to take the next step in your financial journey, I’d encourage you to head to our website, jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) .

Matt offers a 15-minute initial call where you can discuss your financial goals and see if JWM is a good fit for your needs.

Scheduling is easy—once you land at jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) just click “Schedule Initial Call” and select a time that works best for you!

There’s a quick survey to fill out that will help guide the conversation and ensure your time is used efficiently.

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Show Notes:

Cash is still pouring into money market funds…

https://x.com/MikeZaccardi/status/1984585372366750138

S&P 500 Index vs. S&P 500 Equal Weight…

https://x.com/dailychartbook/status/1985380197089370155

A Fed Cut in December?

Source: Briefing.com “The Big Picture”

https://www.briefing.com/InPlayEq/Commentary/TheBigPicture.htm

Tech Performance YTD

Source: X Post from The Trading Initiative on 11/3

https://x.com/howtoswingtrade/status/1985521724297761236

Don’t Mix Politics And Investing

Source: X Post from Ryan Detrick

https://x.com/RyanDetrick/status/1985356620168106074

#325 Topics:

• $7.5T in cash sits in money markets — fuel for future gains once rates fall below 3%.
• Market concentration peaks — S&P 500 cap-weighted index beats equal-weighted by 13%, signaling opportunity in overlooked large-caps.
• Fed uncertainty grows — odds of a December rate cut drop from 90% to 65% after Powell’s comments.
• AI drives tech rally — strong earnings and spending power gains, but a 20%+ correction looms when AI growth slows.
• Cautious sentiment lingers — investors hesitate despite market highs, risking missed opportunities.

If you’ve been enjoying The Independent Advisors podcast for a while now and want to take the next step in your financial journey, I’d encourage you to head to our website, jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) . Matt offers a 15-minute initial call where you can discuss your financial goals and see if JWM is a good fit for your needs.

Scheduling is easy—once you land at jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) just click “Schedule Initial Call” and select a time that works best for you!

There’s a quick survey to fill out that will help guide the conversation and ensure your time is used efficiently.

If you’re ready to learn more, visit jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) and book your call today!

Take advantage of our partnership with LifeLock and get discounts using our link:

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Show Notes:

Neil Sethi’s note from Citadel’s Rubner

https://x.com/neilksethi/status/1982421954809520252

S&P Strength Before a Rate Cut?

Source: X Post from Ryan Detrick on 10/29/25

https://x.com/RyanDetrick/status/1983534425653625333

Delinquencies Increasing

Source: X Post from Mike Zaccardi on 10/29/25, Research from Goldman Sachs

https://x.com/MikeZaccardi/status/1983533436464927167

Update on the Housing Market

Source: Research from Charlie Bilello on 10/29/25

https://bilello.blog/2025/the-week-in-charts-10-29-25?

Changes to Social Security in 2026 By: Donna Levalley on 10/27/2025

https://www.kiplinger.com/retirement/social-security/changes-coming-to-social-security-in-2026

#324 Topics:

·      Small caps’ rise to double digits after lengthy underperformance

·      Fed Rate Cuts and Market Sentiment

·      NASDAQ and AI Momentum Outlook

·      Credit Delinquencies and Consumer Segments

· Highlighting the strongest home buyer’s market in the U.S., sellers outnumbering buyers by 130%

·      Social Security Updates for 2026

If you’ve been enjoying The Independent Advisors podcast for a while now and want to take the next step in your financial journey, I’d encourage you to head to our website,

jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) . Matt offers a 15-minute initial call where you can discuss your financial goals and see if JWM is a good fit for your needs.

Scheduling is easy—once you land at jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) just click “Schedule Initial Call” and select a time that works best for you!

There’s a quick survey to fill out that will help guide the conversation and ensure your time is used efficiently.

If you’re ready to learn more, visit jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) and book your call today!

Take advantage of our partnership with LifeLock and get discounts using our link:

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Show Notes:

Blog Post from Ryan Detrick at Carson Investment Research titled “The Bull Market Turns 3” - https://www.carsongroup.com/insights/blog/the-bull-market-turns-three/

Post on X by SubuTrade on 9/11/25 - https://x.com/SubuTrade/status/1966234375256944823

Blog Post from Ben Carson “ Why I Don’t Own Any Gold” https://awealthofcommonsense.com/2025/10/why-i-dont-own-any-gold/

Tweet by Josh Young “AI adoption vs the internet” 10-12-25

https://x.com/Josh_Young_1/status/1977418333042733146

Truflation X Post https://x.com/truflation/status/1979218002500255777

If you’ve been enjoying The Independent Advisors podcast for a while now and want to take the next step in your financial journey, I’d encourage you to head to our website, jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) . Matt offers a 15-minute initial call where you can discuss your financial goals and see if JWM is a good fit for your needs.

Scheduling is easy—once you land at jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) just click “Schedule Initial Call” and select a time that works best for you!

There’s a quick survey to fill out that will help guide the conversation and ensure your time is used efficiently.

If you’re ready to learn more, visit jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) and book your call today!

Take advantage of our partnership with LifeLock and get discounts using our link:

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Show Notes:

Post on X from SubuTrade on 10.11.25 - https://x.com/subutrade/status/1977072437092401521?

Blog Post from Ryan Detrick on 10/1/2025 - https://www.carsongroup.com/insights/blog/a-quarter-for-the-history-books-now-what-2/

Post on X from Michael Nauss, CMT on 9/13/25 - https://x.com/MichaelNaussCMT/status/1966286121782096094

General Earnings Expectations

Source: Research from FactSet on 10/14/25

https://x.com/FactSet/status/1978222809215045765

https://insight.factset.com/sp-500-will-likely-report-earnings-growth-above-13-for-q3

Earnings Expectations by Sector

Source: Briefing.com Research on 10/10/25

https://www.briefing.com/InPlayEq/Commentary/TheBigPicture.htm

Small Cap Earnings Growth

Source: BofA Research, X Post from Mike Zaccardi on 10/4,

https://x.com/MikeZaccardi/status/1974458481399710141

If you’ve been enjoying The Independent Advisors podcast for a while now and want to take the next step in your financial journey, I’d encourage you to head to our website,

jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) . Matt offers a 15-minute initial call where you can discuss your financial goals and see if JWM is a good fit for your needs.

Scheduling is easy—once you land at jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) just click “Schedule Initial Call” and select a time that works best for you!

There’s a quick survey to fill out that will help guide the conversation and ensure your time is used efficiently.

If you’re ready to learn more, visit jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) and book your call today!

Show Notes:

Blog Post from Ryan Detrick titled “Lets Talk About A Government Shutdown” on 9.16.25 - https://www.carsongroup.com/insights/blog/lets-talk-about-a-government-shutdown/

Blog Post from JC Parets titled “Here’s The Bear Case” on 10.2.25 - https://trendlabs.com/heres-the-bear-case/

Foreigners Snap Up US Stocks

Source: Bloomberg 9/26

https://www.bloomberg.com/news/articles/2025-09-26/foreigners-are-buying-us-stocks-at-record-pace-despite-trade-war?

A Little History on Government Shutdowns

Source: Bloomberg 9/30

https://www.bloomberg.com/news/articles/2025-09-30/dollar-weakness-is-a-common-feature-of-government-shutdowns?

Will vs Trust: Which is Right for Your Estate Plan?

https://www.plancorp.com/blog/will-vs-trust

#321 Topics:

Government Shutdowns and Market Performance

Consumer discretionary outperformance versus staples reflects healthy economic leadership and a robust consumer-driven market

Joel Tillinghast’s quote on the best investors’ ability to change their minds underscores the importance of flexibility in investing

Foreign investors’ ownership of US stocks reached all-time highs despite tariff talk

Estate Planning: Wills vs. Trusts

This week we will be joined by Cory Earl, President & Publisher of the Dayton Business Journal.

With over a decade of leadership in Dayton’s business community, Cory brings unique insights into the current state of the Dayton economy, the industries driving growth, and the challenges and opportunities shaping our region’s future.

Tune in to hear Cory’s perspective on how the DBJ supports local business, what’s fueling Dayton’s momentum, and where we go from here.

https://app.precisefp.com/w/r37knl

If you’ve been enjoying The Independent Advisors podcast for a while now and want to take the next step in your financial journey, I’d encourage you to head to our website, jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) . Matt offers a 15-minute initial call where you can discuss your financial goals and see if JWM is a good fit for your needs.

Scheduling is easy—once you land at jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) just click “Schedule Initial Call” and select a time that works best for you!

There’s a quick survey to fill out that will help guide the conversation and ensure your time is used efficiently.

If you’re ready to learn more, visit jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) and book your call today!

Take advantage of our partnership with LifeLock and get discounts using our link:

https://lifelock.norton.com/offers?expid=LLONEYEAR&promocode= JSPW24&VENDORID= _JESSUPWM&om_ext_cid=ext_partner_ JSPW24_Productpage $)

Show Notes:

Post on X from Alfonso De Pablos, CMT on 9.18.25 - https://x.com/AlfCharts/status/1968785798053925196

Post on X from Rob Anderson on 9.15.25 - https://x.com/_rob_anderson/status/1967631583059591615

Post on X from NullCharts on 9.16.25 - https://x.com/nullcharts/status/1968015060741292360

#319 topics:

• NASDAQ Overbought Conditions Reaching Historical Extremes

• Small Cap Renaissance Following Federal Reserve Policy Shift

• Seasonal Strength Pattern Expected October Mid-Month

• Through Year-End based on historical trading day analysis

• Technology Sector & Bubble Comparison Analysis

• Qualified Charitable Distribution (QCD) Strategy Implementation for tax-efficient charitable giving in 2025 tax year 

If you’ve been enjoying The Independent Advisors podcast for a while now and want to take the next step in your financial journey, I’d encourage you to head to our website, jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) . Matt offers a 15-minute initial call where you can discuss your financial goals and see if JWM is a good fit for your needs.

Scheduling is easy—once you land at jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) just click “Schedule Initial Call” and select a time that works best for you!

There’s a quick survey to fill out that will help guide the conversation and ensure your time is used efficiently.

If you’re ready to learn more, visit jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) and book your call today!

Take advantage of our partnership with LifeLock and get discounts using our link:

https://lifelock.norton.com/offers?expid=LLONEYEAR&promocode= JSPW24&VENDORID= _JESSUPWM&om_ext_cid=ext_partner_ JSPW24_Productpage $)

Show Notes:

Data point from a Carson Group Blog post on 9.2.25 - https://www.carsongroup.com/insights/blog/here-comes-the-worst-month-of-the-year-2/

Post on X from Nate O’Brien on 8.28.25 - https://x.com/nateobrienn/status/1961071008221204958