\u201cIn general, consumers perceived few material differences in the economic environment from last month, but they saw substantial improvements relative to just three months ago. Year-ahead inflation expectations edged down from 3.4% last month to 3.3% this month, showing remarkable stability for three consecutive months,\u201d wrote Surveys of Consumers Director Joanne Hsu.<\/p>\n\n\n\n
The University of Michigan Consumer Sentiment survey provides information related to:<\/p>\n\n\n\n
- \n
- Current economic conditions<\/strong> by asking consumers about the current state of their personal finances, as well as business and buying conditions. In early August, this component of the survey was up 32.1 percent, year-over-year.<\/li>\n<\/ul>\n\n\n\n
- \n
- Expectations for future conditions<\/strong> by asking consumers about expectations for their personal finances, as well as business and buying conditions. In early August, this component was up 16.0 percent, year-over-year.<\/li>\n<\/ul>\n\n\n\n
Consumer sentiment is a lagging indicator because it can take several months for changes in economic activity to be felt by consumers. This type of sentiment also is considered a contrarian indicator. John Rekenthaler of Morningstar explained, \u201cWhen people are deeply unhappy, stocks are likely to thrive, because the economic damage that bothers them has already occurred. A contented populace, on the other hand, is the investment equivalent of red sky at morning. Equity shareholders, take warning.\u201d<\/p>\n\n\n\n
Mixed inflation data caused markets to stumble last week. The Standard & Poor\u2019s 500 and Nasdaq Composite indices finished lower, while the Dow Jones Industrial Average moved slightly higher, reported Barron\u2019s<\/em>. Yields on U.S. Treasury notes and bonds rose.<\/p>\n\n\n\n
![\"\"](\"https:\/\/www.keystonefinancial.com\/wp-content\/uploads\/2023\/08\/image-1.png\")
<\/figure>\n\n\n\nIS IT A SCAM? OR ISN\u2019T IT? <\/strong>You may receive a request asking for contributions to a fund that helps families who\u2019ve been devastated by Hawaiian wildfires, storms and flooding in New York, wind and tornadoes in Oklahoma, or another disaster. Before you send money, make sure it\u2019s not a scam. In 2022, consumers in the United States lost almost $8.8 billion to fraud, according to the Federal Trade Commission (FTC).<\/p>\n\n\n\n
Scammers often target people through email, text messages and phone calls. See what you know about protecting yourself from scams by taking this brief quiz.<\/p>\n\n\n\n
- \n
- An email arrives with the logo of the U.S. Postal Service. It says your package could not be delivered because of an incomplete address. The email includes a link that you can click on to confirm your address. Which of the following actions can help you determine whether this is a scam? (Choose all that apply.)<\/li>\n<\/ol>\n\n\n\n
- \n
- Look at the email address of the sender to see if matches the company name.<\/li>\n\n\n\n
- Find the company\u2019s phone number online, then call and ask about the package.<\/li>\n\n\n\n
- Get excited about the unexpected gift, click on the link, and see where it takes you.<\/li>\n\n\n\n
- Check the message for misspelled words and grammatical errors.<\/li>\n<\/ol>\n\n\n\n
- \n
- Ding! It\u2019s a text from an unknown number that reads, \u201cCan you please get us in today? Muffers is really sick! She\u2019s been laying on her side panting for four hours.\u201d What do you do?<\/li>\n<\/ol>\n\n\n\n
- \n
- Don\u2019t respond.<\/li>\n\n\n\n
- Respond by texting, \u201cI think you have the wrong number.\u201d<\/li>\n\n\n\n
- Respond by texting, \u201cThis isn\u2019t the veterinarian\u2019s office.\u201d<\/li>\n\n\n\n
- Block the number.<\/li>\n<\/ol>\n\n\n\n
- \n
- You\u2019re looking online for off-campus student housing, but you know rental scams are common. What should you do if a listing is just what you\u2019re hoping to find, but seems almost too good to be true?<\/li>\n<\/ol>\n\n\n\n
- \n
- Look up the management company\u2019s phone number\/email online and call\/send a message to confirm the availability of the listing, the listing agent\u2019s name, and the rental address.<\/li>\n\n\n\n
- Schedule an in-person walk-through (or have a trusted friend walk through for you).<\/li>\n\n\n\n
- Offer to pay the deposit or application fee with a credit card. If the listing agent insists you wire money or pay with cryptocurrency, refuse to do it.<\/li>\n\n\n\n
- All of the above<\/li>\n<\/ol>\n\n\n\n
Fraud comes in all shapes and sizes \u2013 from adoption fraud to elder fraud, business fraud to consumer fraud, and imposter fraud to unemployment fraud. You can learn more about scams and ways to avoid them on the FTC.gov and USA.gov websites.<\/p>\n\n\n\n
Weekly Focus \u2013 Think About It<\/strong><\/p>\n\n\n\n
\u201cGood judgment comes from experience, and a lot of that comes from bad judgment.\u201d –Will Rogers, actor<\/em><\/p>\n\n\n\n
<\/p>\n\n\n\n
<\/p>\n\n\n\n
Investment advisory services offered through Keystone Financial Services, an SEC Registered Investment. These views are those of Carson Coaching, not the presenting Representative, the Representative\u2019s Broker\/Dealer, or Registered Investment Advisor, and should not be construed as investment advice. This newsletter was prepared by Carson Coaching. Carson Coaching is not affiliated with the named firm or broker\/dealer. Government bonds and Treasury Bills are guaranteed by the U.S. government as to the timely payment of principal and interest and, if held to maturity, offer a fixed rate of return and fixed principal value. However, the value of fund shares is not guaranteed and will fluctuate. Corporate bonds are considered higher risk than government bonds but normally offer a higher yield and are subject to market, interest rate and credit risk as well as additional risks based on the quality of issuer coupon rate, price, yield, maturity, and redemption features. The Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general. You cannot invest directly in this index. All indexes referenced are unmanaged. The volatility of indexes could be materially different from that of a client\u2019s portfolio. Unmanaged index returns do not reflect fees, expenses, or sales charges. Index performance is not indicative of the performance of any investment. You cannot invest directly in an index. The Dow Jones Global ex-U.S. Index covers approximately 95% of the market capitalization of the 45 developed and emerging countries included in the Index. The 10-year Treasury Note represents debt owed by the United States Treasury to the public. Since the U.S. Government is seen as a risk-free borrower, investors use the 10-year Treasury Note as a benchmark for the long-term bond market. Gold represents the 3:00 p.m. (London time) gold price as reported by the London Bullion Market Association and is expressed in U.S. Dollars per fine troy ounce. The source for gold data is Federal Reserve Bank of St. Louis (FRED), https:\/\/fred.stlouisfed.org\/series\/GOLDPMGBD228NLBM. The Bloomberg Commodity Index is designed to be a highly liquid and diversified benchmark for the commodity futures market. The Index is composed of futures contracts on 19 physical commodities and was launched on July 14, 1998. The DJ Equity All REIT Total Return Index measures the total return performance of the equity subcategory of the Real Estate Investment Trust (REIT) industry as calculated by Dow Jones. The Dow Jones Industrial Average (DJIA), commonly known as \u201cThe Dow,\u201d is an index representing 30 stock of companies maintained and reviewed by the editors of The Wall Street Journal. The NASDAQ Composite is an unmanaged index of securities traded on the NASDAQ system. International investing involves special risks such as currency fluctuation and political instability and may not be suitable for all investors. These risks are often heightened for investments in emerging markets. Yahoo! Finance is the source for any reference to the performance of an index between two specific periods. The risk of loss in trading commodities and futures can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. The high degree of leverage is often obtainable in commodity trading and can work against you as well as for you. The use of leverage can lead to large losses as well as gains. Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful. Past performance does not guarantee future results. Investing involves risk, including loss of principal. The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee it is accurate or complete. There is no guarantee a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk. Asset allocation does not ensure a profit or protect against a loss. * Consult your financial professional before making any investment decision. Please contact our office if you would like a list of sources used in creating this content.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Consumer sentiment is a lagging indicator. It\u2019s also a contrarian indicator. After rising sharply in June and July, consumer sentiment leveled off this month. The preliminary August reading for the University of Michigan Consumer Sentiment Index was 71.2. That\u2019s slightly below July\u2019s reading, although it\u2019s up 22.3 percent year-over-year, and up 42 percent from its […]<\/p>\n","protected":false},"author":10,"featured_media":7285,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"_acf_changed":false,"post_statement":"","post_description":"","post_cta":"","post_button":"Read More","post_button_url":"","compliance_id":"","post_disclaimer":"","footnotes":""},"categories":[],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.keystonefinancial.com\/wp-json\/wp\/v2\/oi_article\/7283"}],"collection":[{"href":"https:\/\/www.keystonefinancial.com\/wp-json\/wp\/v2\/oi_article"}],"about":[{"href":"https:\/\/www.keystonefinancial.com\/wp-json\/wp\/v2\/types\/oi_article"}],"author":[{"embeddable":true,"href":"https:\/\/www.keystonefinancial.com\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.keystonefinancial.com\/wp-json\/wp\/v2\/comments?post=7283"}],"version-history":[{"count":3,"href":"https:\/\/www.keystonefinancial.com\/wp-json\/wp\/v2\/oi_article\/7283\/revisions"}],"predecessor-version":[{"id":7288,"href":"https:\/\/www.keystonefinancial.com\/wp-json\/wp\/v2\/oi_article\/7283\/revisions\/7288"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.keystonefinancial.com\/wp-json\/wp\/v2\/media\/7285"}],"wp:attachment":[{"href":"https:\/\/www.keystonefinancial.com\/wp-json\/wp\/v2\/media?parent=7283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.keystonefinancial.com\/wp-json\/wp\/v2\/categories?post=7283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.keystonefinancial.com\/wp-json\/wp\/v2\/tags?post=7283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
- You\u2019re looking online for off-campus student housing, but you know rental scams are common. What should you do if a listing is just what you\u2019re hoping to find, but seems almost too good to be true?<\/li>\n<\/ol>\n\n\n\n
- Ding! It\u2019s a text from an unknown number that reads, \u201cCan you please get us in today? Muffers is really sick! She\u2019s been laying on her side panting for four hours.\u201d What do you do?<\/li>\n<\/ol>\n\n\n\n
- An email arrives with the logo of the U.S. Postal Service. It says your package could not be delivered because of an incomplete address. The email includes a link that you can click on to confirm your address. Which of the following actions can help you determine whether this is a scam? (Choose all that apply.)<\/li>\n<\/ol>\n\n\n\n
- Expectations for future conditions<\/strong> by asking consumers about expectations for their personal finances, as well as business and buying conditions. In early August, this component was up 16.0 percent, year-over-year.<\/li>\n<\/ul>\n\n\n\n