Welcome to another exciting episode of The Personal Wealth Coach Podcast with your hosts, Jeff and Jake McClure. This week starts out similarly to others, with an update on the movements made by the S&P 500 Index and CRSP US Mid Cap Value Index. Jeff gives us a brief note on irrational exuberance followed by a mention that other parts of the economy may be "sane." Maybe he's comparing it to himself..... Then comes the good stuff, interest rates. The majority of this week's economic writings across the interwebs were focused on the Federal Reserve Board's rate change. Jake explains overnight loans made by the Federal Reserve and why lowering rates made rates go up.... oh brother. Jeff gets to tell us about a publishing by Mario Draghi. For those of you that may not know who that is, don't worry, I didn't either. 

This episode was recorded on September 20th, 2024.

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** The information provided in this episode is for educational purposes only and should not be considered investment advice. We are “The Personal Wealth Coach,” which is also the name of an SEC-registered investment advisory firm. However, being registered with the SEC does not authorize us to provide investment advice. Investment advice should be personalized, offered in a private setting, and be in the best interests of the individual as a fiduciary. If we make any fraudulent statements, you should report them to the SEC. The information presented in this educational episode has been obtained from sources that we deem to be reliable, but we make no warranty or guarantee as to the completeness or accuracy of said information.