4th Quarter Market Update

Taylor Swift was estimated to provide $5 billion in economic impact on her US tour stops.* That impact would make her more productive than 50 countries if she were an economy. With the US Economy’s estimated annual GDP north of $23 trillion, Taylor was just a drop in the bucket helping a long quarter for the financial markets.

Our economy is much more resilient than we thought with lower unemployment numbers than we expected and stronger consumer spending than expected. This would be good news if the markets were not so focused on the Federal Reserve and its stated reaction to positive economic news: another rate hike. Higher gas prices have also been thrown in the mix and the markets gave back in the third quarter.

Personal Side:

Amelia started 6th grade this year and is enjoying being in middle school at St Pius. She is juggling volleyball, the play, and even guitar lessons. This summer she took her love of Flamin’ Hot Cheetos with us out to California.

We visited my father in Petaluma and the girls got to take in Yosemite, San Francisco, and LA. We even made time to contribute to the Taylor Swift economy where I may have become a Swiftie myself.

Lila is in high school, and I am so grateful for the fact that she is so much more responsible than I was during that period of my life. She has made the jump from the Catholic system to the public high school and is enjoying choosing her new plaid-free wardrobe. She just attended her first homecoming dance and I have had her date in my trunk since.

Business side:

The end of the year creates a time crunch for a lot of deadlines for required minimum distributions, end-of-year retirement plan contributions, and any transactions we may be able to take to offset a tax burden. If you feel we may have missed something or your situation has had an unexpected change, please let us know.

Often overlooked, having beneficiaries as ex-spouses or even deceased family members is more common than you would expect. Please reach out to the office if you would like to make any changes or confirm your beneficiaries. We will also be reaching out to confirm in the coming months. If you do have any beneficiary updates, please reach out to Bristey at [email protected].

Social Media:

We want to connect with you more via social media. Let’s connect on Instagram, LinkedIn or Twitter at @tmrwwealth, or follow our page on Facebook. We will be posting regularly on our blog as well so be sure to check it out from time to time.


Business owners know that as the business grows, the complexity of the financial side of life grows too. As extensions come due, taxes are on the mind for most business owners. We are happy to do a review and find some strategies that can really make an impact. Do you or a friend have a successful business and are looking for opportunities to save on taxes? Many times we can create a list of items we can assist with simply by reviewing a tax return.

Online Access:

If you have already set up your account and would like to access your accounts, click here.

The Bus:

Please take a moment to visit our page showing all of the organizations we have supported with the bus. We love to donate certificates for the bus to various charity auctions. If you would like to use the bus, you can email [email protected] to inquire about it. For more information on the bus, you can go to

Fourth Quarter Outlook:

We do not expect the Taylor Swift Tour to be as successful for its overseas stops due to the strong dollar. This quarter we are watching these themes:

Artificial Intelligence- Is this the largest technology boom since the internet? It could create a tectonic shift in how technology is used. How fast will it monetize, what jobs are at risk, and how companies will implement it are still questions to be answered.
US Manufacturing Repatriotization- After the supply chain hell of COVID, the US is getting some manufacturing back.
Rising Optimism from Economists- We may actually have a soft economic landing.
Fourth Quarter- markets have historically performed well in the fourth quarter before an election year.
Israel and Palestine- what will happen between Israel and Palestine? We are monitoring the situation closely and any impacts it may have on global economies.
We are always here to help and grateful for the opportunity to serve you and your loved ones.

With gratitude,

Matt Logan



Disclosures: Investors cannot invest directly in indexes. The performance of any index is not indicative of the performance of any investment and does not take into account the effects of inflation and the fees and expenses associated with investing. The views stated in this letter are not necessarily the opinion of Cetera Advisors LLC and should not be construed directly or indirectly as an offer to buy or sell any securities mentioned herein. Due to volatility within the markets mentioned, opinions are subject to change without notice. Information is based on sources believed to be reliable; however, their accuracy or completeness cannot be guaranteed. Past performance does not guarantee future results. The S&P 500 is a capitalization-weighted index of 500 stocks designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries. The Barclays Capital U.S. Aggregate Bond Index, which used to be called the “Lehman Aggregate Bond Index,” is a broad base index, maintained by Barclays Capital, and is often used to represent investment grade bonds being traded in the U.S. Barclays Capital (BarCap) U.S. Aggregate Bond Index is made up of the Barclays Capital U.S. Government/Corporate Bond Index, Mortgage-Backed Securities Index, and Asset-Based Securities Index, including securities that are of investment grade quality or better, have at least one year to maturity, and have an outstanding par value of at least $100 million.

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