
Furstenau
Wealth
Update
June 5th, 2023
The Markets
As Gomer Pyle used to say, “Surprise, surprise, surprise!”
Gomer Pyle USMC was a popular American sitcom in the 1960s. It focused on a naïve, do-gooding auto mechanic from Mayberry RFD who joined the military. Gomer Pyle, the much-loved main character, was known for catchphrases such as shazam, golly, and surprise, surprise, surprise.
May 23th, 2023
The Markets
Investors aren’t happy, but stocks are up.
If you ever participated in a fantasy football league, you may have experienced a run on a position during your draft. One person picks a kicker or defense mid-round and, suddenly, almost everyone rushes to follow suit. A similar occurrence may be happening in the United States stock market.
May 15th, 2023
The Markets
Brace yourself! The debt ceiling standoff continues.
Consumers aren’t optimistic. The Consumer Sentiment Index fell to a six-month low in May, dropping 9.1 percent month-to-month. Participants in the University of Michigan survey were:
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Less concerned about current economic conditions (down 5.4 percent, month-to-month), and
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More concerned about future economic conditions (down 11.7 percent, month-to-month).