facebook twitter instagram linkedin google youtube vimeo tumblr yelp rss email podcast phone blog external search brokercheck brokercheck Play Pause
Economic Update for Moore County Chamber Thumbnail

Economic Update for Moore County Chamber

Investing Insights

Since our firm has been sponsoring the Moore County Economic Forum for 7 or 8 years now, Moore County Chamber CEO Linda Parsons asked us to shoot an update video for the members. That update can be found in the YouTube video linked below.

While we are not economists and we do not make forecasts, we do look at the data in order to form our own opinion. (Acts 17:11 is one of our favorite scripture verses and that principle applies here too.) So, this is one of the ways we look at the data to determine what the weight of the evidence suggests.

While the yield curve (the one we prefer to look at) is still inverted and while it (so far) has a perfect record of calling recessions, at the moment, it is one of the only indicators that is suggesting a recession is approaching. We have to recognize that it is possible that it is giving us a false signal; just because it never has, does not mean that it never will.

We also have to consider that it is possible that a recession is indeed coming as this indicator suggests, but that the recession is still some ways off.

This information is intended to be educational.  Hicks & Associates Wealth Management does not provide tax or legal advice. You should consult with a qualified tax, legal or financial professional before making any decisions. Investment advisory services are offered through Hicks & Associates Wealth Management, LLC (“Hicks & Associates”), an investment adviser registered with the Securities and Exchange Commission. Registration as an investment adviser does not imply a certain level of skill or training. More information about Hicks & Associates can be found in Form ADV Part 2 or Form CRS which is available on our website. Past performance is no guarantee of future returns. Hicks & Associates reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs. The visuals shown are for illustrative purposes only and do not guarantee success or certain level of performance. This material contains projections, forecasts, estimates, beliefs and similar information (“forward looking information”). Forward looking information is subject to inherent uncertainties and qualifications and is based on numerous assumptions, in each case whether or not identified herein. This information may be taken, in part, from external sources. We believe these external sources to be reliable, but no warranty is made as to accuracy. This material is not financial advice or an offer to sell any product. There is no guarantee of the future performance of any Hicks & Associates portfolio. The investment strategies discussed may not be suitable for all investors. Before investing, consider your investment objectives and Hicks & Associates charges and expenses. All investment strategies have the potential for profit or loss.