Debates over government debt, taxes, and infrastructure have captured the attention of the nation for weeks. All eyes are on Washington and Wall Street as these events play out, with potentially far-reaching consequences that seem to shift hour by hour.
Throughout September and into October, the markets have reacted to legislative decisions that could raise taxes for some, as well as hotly contested measures to fund the government and raise the debt ceiling. It is possible markets appear headed to some of their lowest monthly returns in over a year.1
While this sort of conflict makes for absorbing cable news, it can also leave investors with an uneasy feeling. The truth is that by working with a financial professional, you’ve already taken steps to create an overall financial strategy that can weather changing circumstances. In any long-term investment lifecycle, there will be some roller-coaster political weeks.
Your best move may be to stay connected and reach out if you’d like to chat. We are monitoring these events closely, and are happy to discuss any concerns you may have in the coming days and weeks.
1. ABCNews.go.com, September 30, 2021
The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite, LLC, is not affiliated with the named representative, broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information and should not be considered a solicitation for the purchase or sale of any security.
Roller-Coaster Week in Washington
October 20, 2021