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Announcer:
4 Your Money is brought to you by Nelson Corp Wealth Management.
Brandy Auterson-Hurst:
It’s now time for 4 Your Money. We’re joined by David Nelson, CEO of Nelson Corp Wealth Management. Nice to see you again, David.
David Nelson:
Thanks, Brandy. You as well.
Brandy Auterson-Hurst:
So with the debt ceiling issue behind us for now, we’ve seen financial markets performing a bit better. So what are you looking at now?
David Nelson:
Well, yes, that’s certainly the case. Doesn’t really seem like the stock market took this seriously as far as what the government, the potential shutdown. Most of the turmoil that took place certainly was confined to the bond market, and primarily on the short end as far as T bills, things of that nature. People say, “Well, aren’t they safe?” And they are safe, but what was being questioned is whether the interest is going to be paid as far as by the government, again, if we had this shutdown. But since the resolution that we’ve seen as far as in Washington, basically, we’ve seen stocks kick up a little bit as far as going forward here the last week or so. So the chart that I have is looking at the levels as far as on the top, as far as the S&P, and pretty impressive to say, at least when people look at those numbers. But what I want people to focus on is the bottom. And I really think that the 12-month rate of change. And if you notice the decline, actually this was the largest and the longest that we’ve seen since the Great Depression, or the Great Recession rather, in 2008.
Brandy Auterson-Hurst:
All right. So how should viewers be thinking about that when it comes to their investments?
David Nelson:
Well, I think people are smiling, looking at statements these days. They’re probably quite happy as far as that, but things can change rapidly. And so we’re telling individuals that the tools that we use, we’re seeing real positive vibes as far as going forward, but there’s no assurances, no guarantees, as everybody should know out there already.
Brandy Auterson-Hurst:
Yeah, for sure. All right, David, as always, thanks for joining us.
David Nelson:
Thank you.