Independence Day, Habitat for Humanity & Market Update

For many years now, our team closes the office once or twice a year to serve somewhere in our community. We have done various projects over the years, but we have always wanted to help build a home for Habitat for Humanity. This year we will finally have our opportunity. And you are welcome to join us!

On Thursday, September 30th we will be coming alongside Habitat for Humanity of the NC Sandhills to help them build their next home. While we do not yet know exactly where we will be, we know the build will be in the Southern Pines area. So, if you either live in that area or are willing to make the drive, please plan to join us. We are hoping to put together a team of at least 25 people and we are told that no experience is needed. If you would like to join us, you can sign up by visiting this landing page. Please note that you will need to create a username, etc. for registration purposes as well as provide your date of birth (so they can verify that everyone is over the age of 16).

With regards to a market update, there are numerous inter-market relationships that are pointing to an increased risk of a mid-cycle correction. As a result, during last week’s mid-year rebalance we slightly decreased equity exposure and increased the fixed income exposure. While anything can happen, we are particularly concerned about rising inflation and the Federal Reserve’s tightening of monetary policy.  Inflation is already here; the question is whether or not it is “transitory” (aka temporary). We also know that the Federal Reserve will begin “tapering” their open-ended asset purchase program, the question is when and whether it is a shock to the market or not. We will write more on these two topics in the coming days. 

Finally, for some of us at Hicks & Associates Wealth Management, Independence Day is a favorite holiday. While Easter and Christmas are beloved for different reasons, Independence Day is when we are reminded of how blessed we are to live in the land of the free. Too many take our freedoms for granted, perhaps because they have never witnessed nor studied how many across the globe lack the freedoms that we here enjoy. While we have never been a perfect nation – no nation ever was nor can be this side of Heaven – the Founders succeeded in creating “a more perfect Union”. Although many would say there is a lot of divisiveness in the country, that’s really always been the case.

So to all of you who have served our nation in uniform, or are still doing so, we thank you for your selfless service.

We hope everyone has a wonderful Independence Day weekend. 

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