Dear Towerpoint,


Put your proverbial seatbelt on - it is going to be an action-packed week!


Last Friday's stronger-than-expected U.S. jobs report kicked off a wild first week of November, and we are now set for a big Federal Reserve meeting this Wednesday and Thursday, and of course, Election Day, with the 2018 midterm congressional elections set for Tuesday. Here is a visual of what's up for grabs:


It is difficult to argue with the fact that few midterm elections have taken on as much significance as the current one. In part, this is due to tomorrow's results determining whether there will be a federal check on President Trump's political powers. But the elections will also have an outsized impact on the composition and direction of the Democratic Party, from the policies it pursues to the candidates it runs, all in approach of the next presidential contest in 2020.


Questions over how the election will go and what impact the new legislative makeup could have on policy may prevent the stock market from making decisive moves in either direction over the coming months. However, what history has told us is to forget Democrats or Republicans - the biggest winners of the midterm elections over the last eight decades were investors:




Our opinion continues to be that it does not matter which party was in charge before, or who is in charge after the midterm elections. What we look forward to is the departure of the uncertainty and constant media attention that the midterms command - once this is over, the financial markets can hopefully resume focusing on fundamentals.


Speaking of constant media attention, the 24/7 information cycle is virtually inescapable, with the past two weeks being no exception:

Highlighting more local Towerpoint Wealth news:

    • Our President, Joseph Eschleman, Partner-Wealth Advisor Jonathan LaTurner, and our Director of Research and Analytics, Nathan Billigmeier, cleaned themselves up in advance of their participation in Movember, raising funds for prostate and testicular cancer research. Please consider supporting us by clicking HERE to make a donation.


    • Our Facebook page continues to be very active, with engaging posts, information, and photos. We encourage you to click the thumbs up icon and follow us HERE to see what's going on.

    Lastly, we encourage you to take three or four minutes to review the curated content found below, highlighted by:

    • Joseph and Jonathan represented Towerpoint Wealth at the annual fundraising breakfast for Mutual Housing California, at the historic Sutter Club
    • Towerpoint Wealth's October, 2018 Monthly Market Lookback, Will You Still Love Me Tomorrow?
    • The potential economic benefits of delaying your Social Security

    The world remains a complicated place, and we encourage you to call (916-405-9140), email (info@towerpointwealth.com), or Tweet (@twrpointwealth) with any concerns, questions, or needs you have. We continue to be here for you, and look forward to connecting with, helping, and being a direct and fully independent expert financial resource for each of you.


    - Joseph, Jonathan, and the entire Towerpoint Wealth team

     
     
     
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