If you’ve been enjoying The Independent Advisors podcast for a while now and want to take the next step in your financial journey, I’d encourage you to head to our website, jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) . Matt offers a 15-minute initial call where you can discuss your financial goals and see if JWM is a good fit for your needs.Scheduling is easy—once you land at jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) just click “Schedule Initial Call” and select a time that works best for you!There’s a quick survey to fill out that will help guide the conversation and ensure your time is used efficiently.If you’re ready to learn more, visit jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) and book your call today!Take advantage of our partnership with LifeLock and get discounts using our link: https://lifelock.norton.com/offers?expid=LLONEYEAR&promocode= JSPW24&VENDORID= _JESSUPWM&om_ext_cid=ext_partner_ JSPW24_Productpage $) (https://lifelock.norton.com/offers?expid=LLONEYEAR&promocode=%20JSPW24&VENDORID=%20_JESSUPWM&om_ext_cid=ext_partner_%20JSPW24_Productpage%20$))#332 Topics:Show Notes:Article from Rocky White with Schaeffers Investment Research -https://www.schaeffersresearch.com/content/analysis/2025/11/18/buying-netflix-10-for-1-stock-split-expect-underperformance

If you’ve been enjoying The Independent Advisors podcast for a while now and want to take the next step in your financial journey, I’d encourage you to head to our website, jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) . Matt offers a 15-minute initial call where you can discuss your financial goals and see if JWM is a good fit for your needs.Scheduling is easy—once you land at jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) just click “Schedule Initial Call” and select a time that works best for you!There’s a quick survey to fill out that will help guide the conversation and ensure your time is used efficiently.If you’re ready to learn more, visit jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) and book your call today!Take advantage of our partnership with LifeLock and get discounts using our link: https://lifelock.norton.com/offers?expid=LLONEYEAR&promocode= JSPW24&VENDORID= _JESSUPWM&om_ext_cid=ext_partner_ JSPW24_Productpage $) (https://lifelock.norton.com/offers?expid=LLONEYEAR&promocode=%20JSPW24&VENDORID=%20_JESSUPWM&om_ext_cid=ext_partner_%20JSPW24_Productpage%20$))331 Topics:Firm Growth & NavX Realty Overview (06:10)Interest Rates & Market Impact (12:00)Down Payments & First-Time Buyer Access (16:30)Regional Housing Trends & Buyer Preferences (19:15)Seller Strategies & Value-Boosting Improvements (25:20)Younger Buyers & Equity-Building Strategies (30:00)Agent Education & Client Support (30:15)Downsizing & “Lateral Move” Challenges (35:00)Timing the Market vs. Smart Decision-Making (39:50)2026 Market Outlook & Final Thoughts (41:30 – 42:50)https://peeblesgrp.com/ (https://peeblesgrp.com/)

If you’ve been enjoying The Independent Advisors podcast for a while now and want to take the next step in your financial journey, I’d encourage you to head to our website, jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) . Matt offers a 15-minute initial call where you can discuss your financial goals and see if JWM is a good fit for your needs.Scheduling is easy—once you land at jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/ (https://www.jessupwealthmanagement.com/)) just click “Schedule Initial Call” and select a time that works best for you!There’s a quick survey to fill out that will help guide the conversation and ensure your time is used efficiently.If you’re ready to learn more, visit jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) and book your call today!Take advantage of our partnership with LifeLock and get discounts using our link: https://lifelock.norton.com/offers?expid=LLONEYEAR&promocode= JSPW24&VENDORID= _JESSUPWM&om_ext_cid=ext_partner_ JSPW24_Productpage $) (https://lifelock.norton.com/offers?expid=LLONEYEAR&promocode=%20JSPW24&VENDORID=%20_JESSUPWM&om_ext_cid=ext_partner_%20JSPW24_Productpage%20$))Show Notes:New Contribution Limits for Retirement Plans & Other Retirement Plan Changes for 2026https://www.plancorp.com/blog/new-contribution-limits (https://www.plancorp.com/blog/new-contribution-limits)330 Topics: * Impact of Top Market Days: Missing the 10 best market days since 1928 could lead to a 21% loss on gains.* Fed Interest Rates: Fed cut rates to 3.5%-3.75% with $40B monthly liquidity infusion to boost the economy.* Tech Sector Volatility: NASDAQ 100 has seen five down years since 1995, highlighting the need for diverse portfolios.* Wage Growth Trends: Wage growth normalizing at 3%-4%, aiding inflation control and reducing recession risk moving forward.* Retirement Contribution Limits: 401(k) contribution limits rise to $24,500 in 2026, with Roth options for high earners mandated.

If you’ve been enjoying The Independent Advisors podcast for a while now and want to take the next step in your financial journey, I’d encourage you to head to our website, jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) . Matt offers a 15-minute initial call where you can discuss your financial goals and see if JWM is a good fit for your needs.Scheduling is easy—once you land at jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) just click “Schedule Initial Call” and select a time that works best for you!There’s a quick survey to fill out that will help guide the conversation and ensure your time is used efficiently.If you’re ready to learn more, visit jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) and book your call today!Take advantage of our partnership with LifeLock and get discounts using our link: https://lifelock.norton.com/offers?expid=LLONEYEAR&promocode= JSPW24&VENDORID= _JESSUPWM&om_ext_cid=ext_partner_ JSPW24_Productpage $)329 topics: * Mixed Economic Signals: November ADP report shows 32,000 private sector job losses; 88.8% chance of 25 basis point rate cut on December 10.* Fed Policy Shift: End of quantitative tightening expected to boost liquidity; potential for multi-year market upswing and lower interest rates.* Japan’s Yield Rise: 10-year bond yield hit 1.9%, reflecting normalization; Japan increased US Treasury holdings by $130 billion this year.* Trump Savings Accounts: New tax-advantaged accounts aim for flexible saving options for various financial goals; details to follow.* Cautious Optimism: Historical data suggests market gains post-Fed rate cuts; current inflation at 2.32%, signaling normalization and supportive liquidity.

If you’ve been enjoying The Independent Advisors podcast for a while now and want to take the next step in your financial journey, I’d encourage you to head to our website, jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) . Matt offers a 15-minute initial call where you can discuss your financial goals and see if JWM is a good fit for your needs.Scheduling is easy—once you land at jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) just click “Schedule Initial Call” and select a time that works best for you!There’s a quick survey to fill out that will help guide the conversation and ensure your time is used efficiently.If you’re ready to learn more, visit jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) and book your call today!Take advantage of our partnership with LifeLock and get discounts using our link: https://lifelock.norton.com/offers?expid=LLONEYEAR&promocode= JSPW24&VENDORID= _JESSUPWM&om_ext_cid=ext_partner_ JSPW24_Productpage $)Show Notes:* Market Mixed Yet Strong: Major indexes showed short-term declines; S&P 500 up 14% year-to-date despite 2% monthly dip.* Fed Rate Cut Expectations: December cut probability rose to 84.7% after stronger jobs data, influencing investor sentiment significantly.* Insider Confidence Amid Fear: Extreme fear levels noted; insider buying at fastest pace since May indicates belief in undervalued stocks.* Solid Earnings Support Valuations: S&P 500's P/E steady at 24.5, with projected earnings growth backing current price levels for 2023 and 2024.* Money Supply Concerns: 50% money supply increase complicates valuations, prompting reconsideration of traditional P/E thresholds amid liquidity.* Positive Seasonal Trends: Thanksgiving week's median return of 7.6% supports potential short-term market strength despite recent volatility.

If you’ve been enjoying The Independent Advisors podcast for a while now and want to take the next step in your financial journey, I’d encourage you to head to our website, jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) . Matt offers a 15-minute initial call where you can discuss your financial goals and see if JWM is a good fit for your needs.Scheduling is easy—once you land at jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) just click “Schedule Initial Call” and select a time that works best for you!There’s a quick survey to fill out that will help guide the conversation and ensure your time is used efficiently.If you’re ready to learn more, visit jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) and book your call today!Take advantage of our partnership with LifeLock and get discounts using our link: https://lifelock.norton.com/offers?expid=LLONEYEAR&promocode= JSPW24&VENDORID= _JESSUPWM&om_ext_cid=ext_partner_ JSPW24_Productpage $)327 Topics:* Market Overview: U.S. stock indices face mixed monthly declines; year-to-date gains show market resilience.* Nvidia Earnings Impact: Strong Q3 results boost investor confidence; shares rise 5% in premarket after earnings announcement.* Berkshire Investment Shift: Buffett invests in Google, signaling confidence in tech and AI despite previous value-oriented strategies.* S&P 500 Performance Insight: Equal-weighted indices outperform traditional metrics, highlighting potential sector rotation for winter months.* Housing Affordability Issues: Median home prices near $420,000; mortgage payments consume 47% of median income, delaying homeownership.* Waymo Growth in Autonomy: Waymo records 1 million driverless rides monthly, demonstrating increased consumer adoption of autonomous technology.Show Notes:Berkshire Buys 17.8M Share of $GOOGLhttps://x.com/amitisinvesting/status/1989779215156215956?s=20 (https://x.com/amitisinvesting/status/1989779215156215956?s=20)X Post @SethCL Seth Golden Nov 13, 2025https://x.com/SethCL/status/1988951591668359410?s=20 (https://x.com/SethCL/status/1988951591668359410?s=20)Charlie Bilello’s “Week in Charts” – 11/13/25https://bilello.blog/2025/the-week-in-charts-11-13-25? (https://bilello.blog/2025/the-week-in-charts-11-13-25?utm_source=charlies-newsletter-88171d.beehiiv.com&utm_medium=newsletter&utm_campaign=the-week-in-charts-11-13-25&_bhlid=6c38d55eb2c1932a93976236e8ad270ff57bacb3)

If you’ve been enjoying The Independent Advisors podcast for a while now and want to take the next step in your financial journey, I’d encourage you to head to our website, jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) .Matt offers a 15-minute initial call where you can discuss your financial goals and see if JWM is a good fit for your needs.Scheduling is easy—once you land at jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) just click “Schedule Initial Call” and select a time that works best for you!There’s a quick survey to fill out that will help guide the conversation and ensure your time is used efficiently.If you’re ready to learn more, visit jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) and book your call today!

Show Notes:Cash is still pouring into money market funds…https://x.com/MikeZaccardi/status/1984585372366750138 (https://x.com/MikeZaccardi/status/1984585372366750138)S&P 500 Index vs. S&P 500 Equal Weight…https://x.com/dailychartbook/status/1985380197089370155 (https://x.com/dailychartbook/status/1985380197089370155)A Fed Cut in December?Source: Briefing.com “The Big Picture”https://www.briefing.com/InPlayEq/Commentary/TheBigPicture.htm (https://www.briefing.com/InPlayEq/Commentary/TheBigPicture.htm)Tech Performance YTDSource: X Post from The Trading Initiative on 11/3https://x.com/howtoswingtrade/status/1985521724297761236 (https://x.com/howtoswingtrade/status/1985521724297761236)Don’t Mix Politics And InvestingSource: X Post from Ryan Detrickhttps://x.com/RyanDetrick/status/1985356620168106074 (https://x.com/RyanDetrick/status/1985356620168106074)#325 Topics:* $7.5T in cash sits in money markets — fuel for future gains once rates fall below 3%.* Market concentration peaks — S&P 500 cap-weighted index beats equal-weighted by 13%, signaling opportunity in overlooked large-caps.* Fed uncertainty grows — odds of a December rate cut drop from 90% to 65% after Powell’s comments.* AI drives tech rally — strong earnings and spending power gains, but a 20%+ correction looms when AI growth slows.* Cautious sentiment lingers — investors hesitate despite market highs, risking missed opportunities.

If you’ve been enjoying The Independent Advisors podcast for a while now and want to take the next step in your financial journey, I’d encourage you to head to our website, jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) . Matt offers a 15-minute initial call where you can discuss your financial goals and see if JWM is a good fit for your needs.Scheduling is easy—once you land at jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) just click “Schedule Initial Call” and select a time that works best for you!There’s a quick survey to fill out that will help guide the conversation and ensure your time is used efficiently.If you’re ready to learn more, visit jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) and book your call today!Take advantage of our partnership with LifeLock and get discounts using our link:https://lifelock.norton.com/offers?expid=LLONEYEAR&promocode= JSPW24&VENDORID= _JESSUPWM&om_ext_cid=ext_partner_ JSPW24_Productpage $)Show Notes:Neil Sethi’s note from Citadel’s Rubnerhttps://x.com/neilksethi/status/1982421954809520252S&P Strength Before a Rate Cut?Source: X Post from Ryan Detrick on 10/29/25https://x.com/RyanDetrick/status/1983534425653625333 (https://x.com/RyanDetrick/status/1983534425653625333)Delinquencies IncreasingSource: X Post from Mike Zaccardi on 10/29/25, Research from Goldman Sachshttps://x.com/MikeZaccardi/status/1983533436464927167 (https://x.com/MikeZaccardi/status/1983533436464927167)Update on the Housing MarketSource: Research from Charlie Bilello on 10/29/25https://bilello.blog/2025/the-week-in-charts-10-29-25? (https://bilello.blog/2025/the-week-in-charts-10-29-25?utm_source=charlies-newsletter-88171d.beehiiv.com&utm_medium=newsletter&utm_campaign=the-week-in-charts-10-29-25&_bhlid=e778b88247d0c58d0ef0b1d95a33ed1ae1d320bc)Changes to Social Security in 2026 By: Donna Levalley on 10/27/2025https://www.kiplinger.com/retirement/social-security/changes-coming-to-social-security-in-2026 (https://www.kiplinger.com/retirement/social-security/changes-coming-to-social-security-in-2026)#324 Topics:·      Small caps’ rise to double digits after lengthy underperformance·      Fed Rate Cuts and Market Sentiment·      NASDAQ and AI Momentum Outlook·      Credit Delinquencies and Consumer Segments· Highlighting the strongest home buyer’s market in the U.S., sellers outnumbering buyers by 130%·      Social Security Updates for 2026

If you’ve been enjoying The Independent Advisors podcast for a while now and want to take the next step in your financial journey, I’d encourage you to head to our website, jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) . Matt offers a 15-minute initial call where you can discuss your financial goals and see if JWM is a good fit for your needs.Scheduling is easy—once you land at jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/ (https://www.jessupwealthmanagement.com/)) just click “Schedule Initial Call” and select a time that works best for you!There’s a quick survey to fill out that will help guide the conversation and ensure your time is used efficiently.If you’re ready to learn more, visit jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/ (https://www.jessupwealthmanagement.com/)) and book your call today!Take advantage of our partnership with LifeLock and get discounts using our link: https://lifelock.norton.com/offers?expid=LLONEYEAR&promocode= JSPW24&VENDORID= _JESSUPWM&om_ext_cid=ext_partner_ JSPW24_Productpage $) (https://lifelock.norton.com/offers?expid=LLONEYEAR&promocode=%20JSPW24&VENDORID=%20_JESSUPWM&om_ext_cid=ext_partner_%20JSPW24_Productpage%20$))Show Notes:Blog Post from Ryan Detrick at Carson Investment Research titled “The Bull Market Turns 3” - https://www.carsongroup.com/insights/blog/the-bull-market-turns-three/ (https://www.carsongroup.com/insights/blog/the-bull-market-turns-three/)Post on X by SubuTrade on 9/11/25 - https://x.com/SubuTrade/status/1966234375256944823 (https://x.com/SubuTrade/status/1966234375256944823) Blog Post from Ben Carson “ Why I Don’t Own Any Gold” https://awealthofcommonsense.com/2025/10/why-i-dont-own-any-gold/ (https://awealthofcommonsense.com/2025/10/why-i-dont-own-any-gold/)Tweet by Josh Young “AI adoption vs the internet” 10-12-25https://x.com/Josh_Young_1/status/1977418333042733146 (https://x.com/Josh_Young_1/status/1977418333042733146)Truflation X Post https://x.com/truflation/status/1979218002500255777 (https://x.com/truflation/status/1979218002500255777)

If you’ve been enjoying The Independent Advisors podcast for a while now and want to take the next step in your financial journey, I’d encourage you to head to our website, jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) . Matt offers a 15-minute initial call where you can discuss your financial goals and see if JWM is a good fit for your needs.Scheduling is easy—once you land at jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) just click “Schedule Initial Call” and select a time that works best for you!There’s a quick survey to fill out that will help guide the conversation and ensure your time is used efficiently.If you’re ready to learn more, visit jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) and book your call today!Take advantage of our partnership with LifeLock and get discounts using our link: https://lifelock.norton.com/offers?expid=LLONEYEAR&promocode= JSPW24&VENDORID= _JESSUPWM&om_ext_cid=ext_partner_ JSPW24_Productpage $)Show Notes:Post on X from SubuTrade on 10.11.25 - https://x.com/subutrade/status/1977072437092401521?Blog Post from Ryan Detrick on 10/1/2025 - https://www.carsongroup.com/insights/blog/a-quarter-for-the-history-books-now-what-2/ Post on X from Michael Nauss, CMT on 9/13/25 - https://x.com/MichaelNaussCMT/status/1966286121782096094General Earnings ExpectationsSource: Research from FactSet on 10/14/25https://x.com/FactSet/status/1978222809215045765 (https://x.com/FactSet/status/1978222809215045765)https://insight.factset.com/sp-500-will-likely-report-earnings-growth-above-13-for-q3 (https://insight.factset.com/sp-500-will-likely-report-earnings-growth-above-13-for-q3)Earnings Expectations by SectorSource: Briefing.com Research on 10/10/25https://www.briefing.com/InPlayEq/Commentary/TheBigPicture.htm (https://www.briefing.com/InPlayEq/Commentary/TheBigPicture.htm)Small Cap Earnings GrowthSource: BofA Research, X Post from Mike Zaccardi on 10/4, https://x.com/MikeZaccardi/status/1974458481399710141 (https://x.com/MikeZaccardi/status/1974458481399710141)

If you’ve been enjoying The Independent Advisors podcast for a while now and want to take the next step in your financial journey, I’d encourage you to head to our website, jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) . Matt offers a 15-minute initial call where you can discuss your financial goals and see if JWM is a good fit for your needs.Scheduling is easy—once you land at jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) just click “Schedule Initial Call” and select a time that works best for you!There’s a quick survey to fill out that will help guide the conversation and ensure your time is used efficiently.If you’re ready to learn more, visit jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) and book your call today!Show Notes:Blog Post from Ryan Detrick titled “Lets Talk About A Government Shutdown” on 9.16.25 - https://www.carsongroup.com/insights/blog/lets-talk-about-a-government-shutdown/ (https://www.carsongroup.com/insights/blog/lets-talk-about-a-government-shutdown/) Blog Post from JC Parets titled “Here’s The Bear Case” on 10.2.25 - https://trendlabs.com/heres-the-bear-case/ (https://trendlabs.com/heres-the-bear-case/) Foreigners Snap Up US StocksSource: Bloomberg 9/26https://www.bloomberg.com/news/articles/2025-09-26/foreigners-are-buying-us-stocks-at-record-pace-despite-trade-war? (https://www.bloomberg.com/news/articles/2025-09-26/foreigners-are-buying-us-stocks-at-record-pace-despite-trade-war?cmpid=092625_marketsdaily&utm_medium=email&utm_source=newsletter&utm_term=250926&utm_campaign=marketsdaily&sref=KaV2wJ0v)A Little History on Government ShutdownsSource: Bloomberg 9/30https://www.bloomberg.com/news/articles/2025-09-30/dollar-weakness-is-a-common-feature-of-government-shutdowns? (https://www.bloomberg.com/news/articles/2025-09-30/dollar-weakness-is-a-common-feature-of-government-shutdowns?cmpid=093025_marketsdaily&utm_medium=email&utm_source=newsletter&utm_term=250930&utm_campaign=marketsdaily&sref=KaV2wJ0v)Will vs Trust: Which is Right for Your Estate Plan?https://www.plancorp.com/blog/will-vs-trust (https://www.plancorp.com/blog/will-vs-trust)#321 Topics:Government Shutdowns and Market PerformanceConsumer discretionary outperformance versus staples reflects healthy economic leadership and a robust consumer-driven market Joel Tillinghast’s quote on the best investors’ ability to change their minds underscores the importance of flexibility in investing Foreign investors’ ownership of US stocks reached all-time highs despite tariff talkEstate Planning: Wills vs. Trusts

This week we will be joined by Cory Earl, President & Publisher of the Dayton Business Journal. With over a decade of leadership in Dayton’s business community, Cory brings unique insights into the current state of the Dayton economy, the industries driving growth, and the challenges and opportunities shaping our region’s future.Tune in to hear Cory’s perspective on how the DBJ supports local business, what’s fueling Dayton’s momentum, and where we go from here.https://app.precisefp.com/w/r37knl

If you’ve been enjoying The Independent Advisors podcast for a while now and want to take the next step in your financial journey, I’d encourage you to head to our website, jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) . Matt offers a 15-minute initial call where you can discuss your financial goals and see if JWM is a good fit for your needs.Scheduling is easy—once you land at jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) just click “Schedule Initial Call” and select a time that works best for you!There’s a quick survey to fill out that will help guide the conversation and ensure your time is used efficiently.If you’re ready to learn more, visit jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) and book your call today!Take advantage of our partnership with LifeLock and get discounts using our link:https://lifelock.norton.com/offers?expid=LLONEYEAR&promocode= JSPW24&VENDORID= _JESSUPWM&om_ext_cid=ext_partner_ JSPW24_Productpage $)Show Notes:Post on X from Alfonso De Pablos, CMT on 9.18.25 - https://x.com/AlfCharts/status/1968785798053925196 Post on X from Rob Anderson on 9.15.25 - https://x.com/_rob_anderson/status/1967631583059591615 Post on X from NullCharts on 9.16.25 - https://x.com/nullcharts/status/1968015060741292360 #319 topics:* NASDAQ Overbought Conditions Reaching Historical Extremes* Small Cap Renaissance Following Federal Reserve Policy Shift* Seasonal Strength Pattern Expected October Mid-Month* Through Year-End based on historical trading day analysis* Technology Sector & Bubble Comparison Analysis* Qualified Charitable Distribution (QCD) Strategy Implementation for tax-efficient charitable giving in 2025 tax year 

If you’ve been enjoying The Independent Advisors podcast for a while now and want to take the next step in your financial journey, I’d encourage you to head to our website, jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) . Matt offers a 15-minute initial call where you can discuss your financial goals and see if JWM is a good fit for your needs.Scheduling is easy—once you land at jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) just click “Schedule Initial Call” and select a time that works best for you!There’s a quick survey to fill out that will help guide the conversation and ensure your time is used efficiently.If you’re ready to learn more, visit jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) and book your call today!Take advantage of our partnership with LifeLock and get discounts using our link: https://lifelock.norton.com/offers?expid=LLONEYEAR&promocode= JSPW24&VENDORID= _JESSUPWM&om_ext_cid=ext_partner_ JSPW24_Productpage $)Show Notes:Data point from a Carson Group Blog post on 9.2.25 - https://www.carsongroup.com/insights/blog/here-comes-the-worst-month-of-the-year-2/Post on X from Nate O’Brien on 8.28.25 - https://x.com/nateobrienn/status/1961071008221204958

If you’ve been enjoying The Independent Advisors podcast for a while now and want to take the next step in your financial journey, I’d encourage you to head to our website, jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) . Matt offers a 15-minute initial call where you can discuss your financial goals and see if JWM is a good fit for your needs.Scheduling is easy—once you land at jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) just click “Schedule Initial Call” and select a time that works best for you!There’s a quick survey to fill out that will help guide the conversation and ensure your time is used efficiently.If you’re ready to learn more, visit jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) and book your call today!Take advantage of our partnership with LifeLock and get discounts using our link: https://lifelock.norton.com/offers?expid=LLONEYEAR&promocode= JSPW24&VENDORID= _JESSUPWM&om_ext_cid=ext_partner_ JSPW24_Productpage $)#317 topics:* Economic Data & Inflation * Market breadth held up well during April 2024 market lows, indicating broad participation rather than narrow leadership* Jobs Report Revision * Current bull market and indications that the current cycle has room to run* 'Sell in May and go away' strategy would have missed 17% S&P 500 gain this year

#316 topics:September Historically Weak* Current market positioning: No significant pullback since April lows, creating potential opportunity for buyers during September weakness.* Contrarian perspective: Excessive focus on September weakness in media might indicate potential for better-than-expected performance.Currency and International Markets* Dollar weakness driving international outperformance* Concerns about international markets' ability to maintain outperformance due to shorter work weeks and slower growth rates compared to US.Housing Market Dynamics * Supply-demand imbalance: Redfin data shows 508,000 more home sellers than buyers in June 2024.* Despite higher mortgage rates, household debt service remains below historical norms.* Oversupply of sellers versus buyers suggests potential downward pressure on home prices.Federal Reserve Policy Shift * Fed adopted new approach removing 2% average inflation target reference and focusing on employment shortfalls.AI Job Displacement Concerns* Historical analysis shows technological advances have created 6 billion jobs despite continuous industry disruption.Show Notes:Post on X by Ryan Detrick at Carson Investment Research on 8.29 - https://x.com/RyanDetrick/status/1961495356287463555 blog post from Jeff Hirsch on 8.27 - https://jeffhirsch.tumblr.com/post/793063284503953408/bears-have-been-running-wild-in-september-since Blog post from Taylor Schulte on 8.28 titled “6 Favorite Investing Charts - https://taylor-schulte.kit.com/posts/the-best-investing-charts-august-2025 Blog Post from Seth Klarman on 8.25. titled “Job Churn” - https://seths.blog/2025/08/job-churn/ If you’ve been enjoying The Independent Advisors podcast for a while now and want to take the next step in your financial journey, I’d encourage you to head to our website, jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) . Matt offers a 15-minute initial call where you can discuss your financial goals and see if JWM is a good fit for your needs.Scheduling is easy—once you land at jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) just click “Schedule Initial Call” and select a time that works best for you!There’s a quick survey to fill out that will help guide the conversation and ensure your time is used efficiently.If you’re ready to learn more, visit jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) and book your call today!Take advantage of our partnership with LifeLock and get discounts using our link: https://lifelock.norton.com/offers?expid=LLONEYEAR&promocode= JSPW24&VENDORID= _JESSUPWM&om_ext_cid=ext_partner_ JSPW24_Productpage $)

Post on X from Frank Cappelleri on 8/11 - https://x.com/FrankCappelleri/status/1954978003668078791 Post on X from Jay Kaeppel on 8.15 - https://x.com/jaykaeppel/status/1956367983506305188 Democratizing Access to Alternative Assets For 401(k) Investors https://www.whitehouse.gov/presidential-actions/2025/08/democratizing-access-to-alternative-assets-for-401k-investors/ (https://www.whitehouse.gov/presidential-actions/2025/08/democratizing-access-to-alternative-assets-for-401k-investors/)#315 topics:* Warning against chasing 'the next big thing'* Consumer confidence data indicating bullish implications* Berkshire Hathaway's cash position analysis* New homes cheaper than existing homes for the first time ever.* Donald Trump's Executive Order allowing alternative investments in 401(k) plans.* If you’ve been enjoying The Independent Advisors podcast for a while now and want to take the next step in your financial journey, I’d encourage you to head to our website, jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) . Matt offers a 15-minute initial call where you can discuss your financial goals and see if JWM is a good fit for your needs.Scheduling is easy—once you land at jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) just click “Schedule Initial Call” and select a time that works best for you! There’s a quick survey to fill out that will help guide the conversation and ensure your time is used efficiently.If you’re ready to learn more, visit jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) and book your call today!Take advantage of our partnership with LifeLock and get discounts using our link: https://lifelock.norton.com/offers?expid=LLONEYEAR&promocode= JSPW24&VENDORID= _JESSUPWM&om_ext_cid=ext_partner_ JSPW24_Productpage (https://urldefense.com/v3/__https:/lifelock.norton.com/offers?expid=LLONEYEAR&promocode=*20JSPW24&VENDORID=*20_JESSUPWM&om_ext_cid=ext_partner_*20JSPW24_Productpage__;JSUl!!FJHKqY2EgyjjgA!UmxRrej-KHNYvLy1umC7Upk_8JzAxsXzYMcZlbyigWCTvox6giG0XTCjKHvr0jPwcqB1nAkvtPSkwhSj4lD4Uv9u4rrmMwMYi78h95L8$)

Show Notes:Post on X from Mike Zaccardi on 8.13 - https://x.com/MikeZaccardi/status/1955722314433126899 Post on X from Jay Kaeppel on 8/11 - https://x.com/jaykaeppel/status/1954864380828361192?s=12&t=Godkt5FzuqWcmpmvo2G5Jg Post from Jeff Hirsch on 8.20 that shows the historical seasonality of the VIX from 1990-2024 - https://jeffhirsch.tumblr.com/post/792429184710557696/volatility-low-in-vix-historically-rises-to-an Article from Health System Tracker by Jared Ortaliza, Matt McGough and Kaitlyn VU titled “How much and why ACA Marketplace premiums are going up in 2026” back on 8/6 - https://www.healthsystemtracker.org/brief/how-much-and-why-aca-marketplace-premiums-are-going-up-in-2026/ 314 Topics* Matt's criticism of valuation metrics* Bond performance in rate-cutting environment* XRT Retail ETF notable performance contradicting predictions of supply chain disruptions* VIX typically reaches annual lows in late July and peaks in October - normal seasonal weakness ahead* Credit Spread Analysis* FedEx stock price historically leads world trade volumes* US business applications surging* Healthcare Premium Increases* Rate cutting pace preference – the slower pace of cuts is historically better for risk assets * If you’ve been enjoying The Independent Advisors podcast for a while now and want to take the next step in your financial journey, I’d encourage you to head to our website, jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) . Matt offers a 15-minute initial call where you can discuss your financial goals and see if JWM is a good fit for your needs.Scheduling is easy—once you land at jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) just click “Schedule Initial Call” and select a time that works best for you! There’s a quick survey to fill out that will help guide the conversation and ensure your time is used efficiently.If you’re ready to learn more, visit jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) and book your call today!Take advantage of our partnership with LifeLock and get discounts using our link: https://lifelock.norton.com/offers?expid=LLONEYEAR&promocode=JSPW24&VENDORID=_JESSUPWM&om_ext_cid=ext_partner_JSPW24_Productpage

A few episodes back, Matt and Mark discussed how market forecasts and predictions can mislead investors and harm their mindset. The truth is, no one can say with certainty where the stock market will go. In fact, Mark joked that his 2-year-old daughter, Mia, has just as good a shot at predicting the market’s year-end 2025 performance as any professional. That led to a friendly bet—Mia would make her own forecast for the end of 2025. Here’s how it turned out.Listen: https://www.jessupwealthmanagement.com/podcast (https://www.jessupwealthmanagement.com/podcast?fbclid=IwAR1CHDMfEamBlnPgfzxq3MkCi-lm5PCg6B6nsVDISybeu958OY92EOnmsio)Watch: https://www.youtube.com/channel/UCISl5dXPZmaP-fmyL3Y25UQ (https://www.youtube.com/channel/UCISl5dXPZmaP-fmyL3Y25UQ?fbclid=IwAR0vhOkFXDPfBbFxlHiANwht7oTzfyvkIrCw3qAFBviwdosebnx4vG_vfAc)https://www.jessupwealthmanagement.com/disclosures-page (https://www.jessupwealthmanagement.com/disclosures-page)