Broker Check
Rate Cut Momentum; D.C. Averts Shutdown

Rate Cut Momentum; D.C. Averts Shutdown

October 01, 2024

Disaster Relief

We have received a call from the Churches of Christ Disaster Relief group. They will be packing food boxes for those affected by the recent hurricane. If you can help, it will be at their location at410 Allied Drivein Nashville onTuesday, October 1, at 10 am AND on Thursday, October 3 at 10 am.

Learn more.

Unlock the Secrets to Navigating Medicare with Confidence!

Are you approaching Medicare enrollment, or do you want to understand the options available to you better? Join Medicare Specialist Hillary Broome for a valuable, no-cost session designed to take the confusion out of Medicare.

This informative event, hosted by McKnight Advisory Group at the Linebaugh Public Library, will provide you with the essential tools and insights you need to make informed healthcare decisions. Whether you're new to Medicare or looking to enhance your knowledge, Hillary's expertise will guide you every step of the way.

Why Attend?

  • Discover how Medicare works and which plan fits your needs
  • Learn tips to avoid common Medicare pitfalls
  • Get answers to your specific Medicare questions in real-time

Event Details:📍 Location: Linebaugh Public Library, 105 W Vine St, Murfreesboro, TN 37130

🗓 Date: Wednesday, October 2nd

⏰ Time: 5:30 PM to 6:30 PM

Take advantage of this opportunity to empower yourself with the knowledge to make the right healthcare choices. Secure your spot today!

Click Here to Register

Support CASA Rutherford County with McKnight Advisory Group's Toy Drive

This holiday season, McKnight Advisory Group is proud to support CASA Rutherford County, an organization that advocates children in the foster care system. CASA provides trained volunteers who ensure each child's voice is heard during court proceedings, helping secure safe and permanent homes.

We're inviting the community to join our Toy Drive to support CASA. Your donation, whether it's a new, unwrapped toy ($20 or over) or a $25 gift card from Walmart or Target, will bring more than just a smile. It will bring joy and comfort to these children during the holidays.

Details:

  • Deadline: December 2, 2024.
  • Drop-off LocationMcKnight Advisory Group Inc., 1800 S. Rutherford Blvd. Suite 202, Murfreesboro

Your contribution will help brighten a child's holiday season and show them their community cares.

Stocks moved higher last week, continuing to build on the momentum generated after the Federal Reserve decided to cut short-term rates by 0.50 percent.

The Standard & Poor’s 500 Index gained 0.59 percent, while the Nasdaq Composite rose 0.95 percent. The Dow Jones Industrial Average added 0.62 percent. The MSCI EAFE Index, which tracks developed overseas stock markets, gained an eye-catching 3.53 percent.1,2

Congress Passes Spending Bill

Stocks started the week tepidly but in the green, as investors mostly shrugged off Tuesday’s weak consumer confidence report. Then, at midweek, markets put on the brakes as investors appeared to take profits after a four-day winning streak.3,4

On Thursday, markets rallied on news that the final Q2 gross domestic product estimate showed the economy increased at an annual rate of 3.0 percent. Then Friday, the PCE, or Personal Consumption and Expenditures Index, showed inflation had cooled slightly more than expected in August, which some believe may influence the Fed’s decisions on short-term rates at its November meeting.5

Finally, a continuing resolution was passed by both houses of Congress last week and signed by President Biden Friday morning, assuaging concerns over a government shutdown. The resolution funds the government until December 20.6

End to Inversion

Receiving more compensation while taking on less rate risk is a rarity in fixed income markets, evidenced by the fact that the 2-Year US Treasury yield has been higher than the 10-Year yield on only 17% of trading days since 1976. Following roughly 568 trading days of an inverted 2s10s Treasury yield spread, the curve has begun to normalize, a trend we expect to continue. As such, investors may benefit from locking in longer-term cash flows found among core bonds.

Article from gsam.com: End to Inversion

“The emblem of a philosophy is not that it contains a set of specific thoughts, but that it generates a way of thinking.”

– Samuel R. Delany

Step into the haunting tale of Sarah, the ghost of the Rutherford County Courthouse in Murfreesboro. Her story of love, betrayal, and untimely death will send shivers down your spine. Meet Sarah, a young woman who caused a scandal with a prominent figure in society in the 19th century. When their affair became a secret, Sarah was abandoned, humiliated, and put on trial. Her restless spirit is said to haunt the house, ringing bells, and her ghost can be seen and heard at night. Delve into Sarah's story, a chilling warning about the consequences of unrequited love and the dangers of deception.

Tennessee Hot Honey Chicken with Roasted Sweet Potatoes

This dish incorporates the popular Nashville hot chicken flavor with a fall twist. It uses local honey and sweet potatoes that are in season during autumn.

Ingredients:

  • 4 boneless, skinless chicken thighs (local farms)
  • 1 large sweet potato, peeled and cut into cubes (local farmers’ markets)
  • 1/4 cup local honey
  • 2 tablespoons hot sauce (adjust to your preference)
  • 1 tablespoon smoked paprika
  • 1 teaspoon cayenne pepper (adjust to heat preference)
  • 2 teaspoons garlic powder
  • 2 teaspoons onion powder
  • 1 tablespoon olive oil
  • Salt and pepper to taste
  • Fresh parsley for garnish (optional)

Instructions:

  1. Preheat the Oven:

    • Preheat your oven to 400°F (200°C).
  2. Prepare the Sweet Potatoes:

    • Toss the sweet potato cubes with olive oil, salt, and pepper. Spread them on a baking sheet and roast for 25-30 minutes, flipping halfway, until golden and tender.
  3. Season the Chicken:

    • While the sweet potatoes roast, season the chicken thighs with smoked paprika, cayenne pepper, garlic powder, onion powder, salt, and pepper.
  4. Cook the Chicken:

    • Heat a large skillet over medium-high heat with a little olive oil. Sear the chicken thighs for about 4-5 minutes per side until golden brown and cooked through.
  5. Make the Hot Honey:

    • In a small saucepan, combine the local honey and hot sauce over low heat, stirring until fully combined. Let it warm for 2-3 minutes, but don’t let it boil.
  6. Combine and Serve:

    • Drizzle the hot honey over the crispy chicken thighs right before serving. Plate the chicken with the roasted sweet potatoes, and garnish with fresh parsley if desired.

Selling Your Car or Buying From a Private Seller?
Here Are the Tax Tips You Should Know

If you’re selling your car for less than what you paid, you likely won’t need to pay any sales tax because the Internal Revenue Service (IRS) considers selling a used car for less than what you paid a capital loss. However, if you’re selling your car for more than what you paid (like if it’s a classic car you’ve restored and it’s increased in value), you may need to pay sales tax.

If you’re buying a car from a private seller, you may need to pay sales tax, but this sales tax doesn’t go to the seller – it goes to the Department of Motor Vehicles and is part of your car’s registration.

This information is not a substitute for individualized tax advice. Please discuss your specific tax issues with a qualified tax professional.


Tip adapted fromCarGurus9

Stretches to Complement Your Workout

Here are some great stretches that will open up your hips, stretch out your hamstrings, and give your quads some love after a long run or lifting session:

  • Hamstring Stretch– Lay on the ground with your legs straight up. Gently pull one leg toward you until you feel pressure. Repeat with the other leg.
  • Figure Four– Sit on the ground with your legs bent and knees up. Gently rest one ankle on the quad of the opposite leg. If this is too much, straighten one leg on the floor and rest your ankle on your thigh while it’s on the ground.
  • Child’s Pose– This everyday yoga movement can also be a great stretch. Hold the regular child’s pose with your knees about hip-width apart, or intensify the stretch by bringing your knees out wider.

Tip adapted fromRunner’s World10

What invention permits you to peer through any wall?


Last week’s riddle: 8549176320 is a large number and unique for two reasons. First, it presents all numerical digits from 0 to 9 without repeating; what is the other reason?
Answer: When the ten numerals are spelled out and expressed as words, the words are in alphabetical order from start to finish (eight, five, four, nine, one, etc.)

Beijing National Stadium

Chaoyang, Beijing, China


Footnotes and Sources

1.The Wall Street Journal, September 27, 2024

2.Investing.com, September 27, 2024

3.CNBC.com, September 24, 2024

4.CNBC.com, September 25, 2024

5.BEA.gov, September 26, 2024

6.The Wall Street Journal, September 22, 2024 OR
The Hill, September 25, 2024

7.The Wall Street Journal, September 27, 2024

8.The Wall Street Journal, September 27, 2023

9.  cargurus.com, May 8. 2024

10. Runnersworld.com, May 8. 2024