The Independent Advisors

In this episode, Mark looks at last week’s market pullback, including the steep one-day drop in a major tech stock, and pushes back on some of the more sensational headlines surrounding it. He also examines a market breadth warning sign, where new lows outpaced new highs on a recent all-time high day, and breaks down a widely followed take on the Shiller CAPE ratio and whether today’s elevated valuations are something to worry about. The episode wraps with a look at the pre-tax versus Roth contribution debate and why there is no one-size-fits-all answer.

Advisory services are offered through Jessup Wealth Management, an SEC Registered Investment Advisor.

If you have questions about your financial plan or want a second opinion, schedule a complimentary 15-minute call with our team at JessupWealthManagement.com.

Mark covers last week’s sharp selloff in technology and AI stocks, and why history suggests this isn’t the start of something larger: October is historically the “bear killer” month, Q4 tends to be the strongest quarter, and this bull market just hit its fourth anniversary.

He also looks at what history says about stocks under a split Congress, how different asset classes have performed when bond yields spike, why the stock market and the economy aren’t the same thing, and a new law renaming Social Security’s key claiming ages.

This podcast is for informational purposes only and does not constitute tax, legal, or financial advice. Advisory services are offered through Jessup Wealth Management, an SEC Registered Investment Advisor.

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. 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 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 and book your call today!

Episode 372 of The Independent Advisors Podcast: A Signal Not Seen Since the Financial Crisis. Mark and Matt cover a credit market signal not seen since before the financial crisis: stocks near highs while junk bonds and housing stocks diverge.

They break down what credit spreads are and why they’ve been rising, a historical pattern showing stocks often lag after this setup, Q4 seasonality, record corporate profits as a share of GDP, and sustained strength in US manufacturing. They close with a look at how dependent Americans are on Social Security across income levels.

This podcast is for informational purposes only and does not constitute tax, legal, or financial advice. Advisory services are offered through Jessup Wealth Management, an SEC Registered Investment Advisor.

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. 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 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 and book your call today!

Mark and Matt cover the start of the strongest two-month stretch for stocks during a midterm year, a bearish Barron's magazine cover arriving alongside weak market breadth, and Q3 earnings growth estimates.

They also look at a historically low reading on consumer sentiment and what it has meant for forward returns, surging US and China money supply, and a sharp selloff in municipal bonds. Taylor Ledbetter joins for the financial planning topic on a new financial risk facing teens and young adults: the rapid rise of online gambling and prediction markets.

This podcast is for informational purposes only and does not constitute tax, legal, or financial advice. Advisory services are offered through Jessup Wealth Management, an SEC Registered Investment Advisor.

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. 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 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 and book your call today!

Episode 370 of The Independent Advisors Podcast: The Bullish Case for Bad News. Mark covers a historic rush into money market funds and cash-like ETFs, at levels historically associated with major market bottoms.

He also looks at what history actually says about stocks after the Fed's first rate hike, a wave of bearish sentiment on AI that could be a contrarian signal, and where the market expects interest rates a year from now. The episode closes with a financial planning topic on how much cash to keep in an HSA.

This podcast is for informational purposes only and does not constitute tax, legal, or financial advice. Advisory services are offered through Jessup Wealth Management, an SEC Registered Investment Advisor.

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. 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 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 and book your call today!

Matt covers a big week for the Fed, breaking down the first interest rate hike in three years and what it could mean for markets.

He also looks at a fresh reading on M2 money supply growth, a rare and historically negative correlation between stocks and bond yields, and a historical dataset that runs against the common narrative, showing stocks have actually performed better after Fed rate hikes than after Fed rate cuts. The episode closes with a look at household net worth growth by income tier since 2019.

This podcast is for informational purposes only and does not constitute tax, legal, or financial advice. Advisory services are offered through Jessup Wealth Management, an SEC Registered Investment Advisor.

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. 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 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 and book your call today!

Episode 368 of The Independent Advisors Podcast: Legacy Giving with The Dayton Foundation. This special episode steps outside the usual market conversation for a conversation with Mike Parks, President and CEO of The Dayton Foundation, and Michelle Lovely, Senior Vice President of Development and Donor Services at The Dayton Foundation.

The conversation covers the Great Wealth Transfer and what it could mean for the region, the real difference between legacy giving and planned giving, practical first steps for setting up a legacy gift, and true stories of the impact legacy gifts have made locally.

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This podcast is for informational purposes only and does not constitute tax, legal, or financial advice. Advisory services are offered through Jessup Wealth Management, an SEC Registered Investment Advisor.

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. 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 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 and book your call today!

Episode 367 of The Independent Advisors Podcast: Is the Market Really Expensive? Matt covers oil prices crossing $100 a barrel amid Middle East tensions, a stronger than expected jobs report, and rising Treasury yields.

He then breaks down market valuations in detail, arguing the market isn't as expensive as headlines suggest once you factor in interest rates and earnings growth, and highlights the S&P 500's PEG ratio sitting near a 30-year low.

The episode closes with a first-of-its-kind data point: the Magnificent Seven are now negatively correlated with market momentum stocks.

This podcast is for informational purposes only and does not constitute tax, legal, or financial advice. Advisory services are offered through Jessup Wealth Management, an SEC Registered Investment Advisor.

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. 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 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 and book your call today!

Episode 366 of The Independent Advisors Podcast: September Seasonality and the Presidential Cycle. Mark and Matt cover August's market performance and what history says tends to happen next, along with an update on the four-year presidential cycle and the historically stronger stretch that tends to follow in the fall.

Also covered: why industrials, not tech, is currently the most expensive sector in the S&P 500 by valuation, a record share of consumer spending now going toward hobbies, and what missing the market's best days can cost a long-term investor.

The episode closes with a financial planning topic on naming a trusted contact on your investment accounts as a safeguard against fraud.

This podcast is for informational purposes only and does not constitute tax, legal, or financial advice.

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. 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 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 and book your call today!

Advisory services are offered through Jessup Wealth Management, an SEC Registered Investment Advisor