Second Week Of Stock Retreat

Are you ready to navigate the world of Medicare with confidence? Whether you're approaching retirement age, or simply want to learn more about your healthcare options, this event is for you!

Join us for an informative Medicare education session, where Medicare Specialist Hillary Broome will break down everything you need to know about this vital healthcare program. From understanding coverage options to maximizing benefits, we've got you covered.

📢 Save the Date!

📅 Date: April 4th, 2024
🕠 Time: 5:30 PM
📍 Venue: MMC - 3626 Shelbyville Pike, Murfreesboro, TN 37127

Don't miss this opportunity to gain valuable insights and make informed decisions about your healthcare future. Mark your calendars and spread the word! See you there! 🌟

Click Here to Register Today

Rutherford County Heart American Heart Association

Join us for the Heart of Rutherford County Walk on May 18!

The McKnight Advisory Team invites you to support heart health and help raise essential funds. We still have a long way to go to achieve our goals, but with your help, we can get there!

Save the date: 18 May. Preventing heart disease is critical to the health of our community, and we need your support.

You can make a difference by walking with us and contributing to our fundraising efforts.

Don't forget to invite your friends, family, and colleagues to join the cause and spread the word. Let's make this spiritual journey the most successful! See you on May 18!

Click Here to Learn More

McKnight, Modern Portfolio Theory And Your Investments

Regarding today’s Goldman Sachs Chart of the Week, I want to share the following articles and links to underline Goldman Sachs’ comments about stock market leadership.

The following link will take you to an article from www.investmentnews.com contrasting today’s market leaders to those in the year 2000 and then all the way back to 1980.  Only one of today’s top ten companies was on the year 2000 list.

Only one of the world's biggest firms of 2000 is still in the top 10 today (investmentnews.com)

Our process for reviewing, selecting and managing investments is heavily influenced by Modern Portfolio Theory (MPT).  You can learn more about MPT from this article:Modern Portfolio Theory: What MPT Is and How Investors Use It (investopedia.com).

Investing is ever changing and ever dynamic.  No one knows who the next market leaders or losers will be.  MPT gives the investor the opportunity to “Cast your bread upon the waters*” (a bit of risk wisdom from the Old Testament) and is intended to diversify a portfolio, which may mitigate portfolio losses**.

If you have questions about your investment portfolio, please reach out to us:fs@mcknightadvisory.comor 615 895 8574.

Edwin McKnight, Investment Advisor Representative

^{*Ecclesiastes 11:1-2 NIV - Invest in Many Ventures - Ship your - Bible Gateway}

^{**Past performance does not guarantee future results.  You may lose money.}

Stocks fell for the second straight week on inflation concerns despite a report on consumer prices that was initially well received by investors.

Stocks Slide

Tuesday was the only bright spot during the week as stock prices rose after the Labor Department report showed the Consumer Price Index rose 3.2% in February compared with a year earlier. It was a bit warmer than economists expected but cooler than investors feared. The news sparked a day-long rally, with the Standard & Poor’s 500 stock index setting its 17th record high of the year.^1,2

Following Tuesday, caution lingered as investors parsed the underlying data behind headline consumer inflation numbers. Thursday's fresh producer price index (PPI) report showed that wholesale prices increased by 0.6% in February, more than the expected 0.3% increase. Additionally, core PPI (excluding food and energy) was hotter than expected. 

Retail sales, also reported on Thursday, were disappointing, rising less than expected and adding to the inflation angst. The news rattled investors and contributed to stocks closing lower for three consecutive days to end the week.^3,4

^{Source: YCharts.com, March 16, 2024. Weekly performance is measured from Monday, March 11, to Friday, March 15.
ROC 5 = the rate of change in the index for the previous 5 trading days.
TR = total return for the index, which includes any dividends as well as any other cash distributions during the period.
Treasury note yield is expressed in basis points.}

Broadening Leadership

Unlike the prior week when the S&P 500 fell the least, last week it lost slightly more than the Dow but less than the Nasdaq. That performance pattern suggests market leadership may be broadening. Also, the energy, financials, and materials sectors all posted gains last week, showing that other groups may join the tech-led rally.⁵

"Little by little we human beings are confronted with situations that give us more and more clues that we aren't perfect."

– Fred Rogers

4 Facts About Capital Gains

When you sell a capital asset, such as an investment or a piece of property, the sale can result in a capital gain or loss. The IRS defines a capital asset as “most property you own for personal use or own as an investment.” Here are four facts you should keep in mind:

1. A capital gain or loss is the difference between what you originally paid for the asset (your basis) and the amount you get when you sell the asset.
2. You must include all capital gains in your income, and you may be subject to the Net Investment Income Tax if your income is above certain amounts. Consult a qualified tax expert for help.
3. The IRS allows you to deduct capital losses on the sale of investment property. You cannot deduct losses on the sale of property that you hold for personal use.
4. If your total net capital loss is more than the limit you can deduct, you can carry it over to next year’s tax return.

*This information is not intended to be a substitute for specific, individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax professional.

Tip adapted from IRS.gov⁶

Finding Inner Peace Inside (And Indoors) 

Yoga has been practiced for thousands of years and has had a revival in the last couple of decades. Yoga can be an optimal exercise choice for many individuals of all ages. But before getting started with any fitness regimen, discuss any medical concerns with your healthcare provider; this information is not a substitute for medical advice.

While there are many different styles of yoga, yoga is generally a low-impact form of exercise. In addition to fitness benefits, it can help you learn relaxation and breathing techniques and how to regulate emotions and quiet your mind. It’s also a great form of indoor exercise, and there are thousands of free classes on YouTube. So, if you’re still enduring the remnants of winter, you can practice quieting your inner monologue by doing yoga from the comfort of your home.

Tip adapted fromHealthline.com⁷

The letters in the words meter, man and uses may be rearranged to make a 12-letter word. What is this word?

Last week’s riddle: The 22nd and 24th U.S. presidents had the same parents– yet the 22nd and 24th U.S. presidents were not siblings. Why?Answer: The 22nd and 24th U.S. presidents were the same person - Grover Cleveland.

Reticulated Giraffes, National Reserve, Kenya

Footnotes And Sources

1. The Wall Street Journal, March 15, 2024

2. The Wall Street Journal, March 12, 2024

3. CNBC, March 15, 2024

4. CNBC, March 15, 2024

5. Sector SPDRs, March 15, 2024

^{6. IRS.gov, October 17, 2023}

^{7. Healthline.com, December 18, 2023}

^{Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost.}

^{The forecasts or forward-looking statements are based on assumptions, may not materialize, and are subject to revision without notice.}

^{The market indexes discussed are unmanaged, and generally, considered representative of their respective markets. Index performance is not indicative of the past performance of a particular investment. Indexes do not incur management fees, costs, and expenses. Individuals cannot directly invest in unmanaged indexes. Past performance does not guarantee future results.}

^{The Dow Jones Industrial Average is an unmanaged index that is generally considered representative of large-capitalization companies on the U.S. stock market. Nasdaq Composite is an index of the common stocks and similar securities listed on the NASDAQ stock market and is considered a broad indicator of the performance of technology and growth companies. The MSCI EAFE Index was created by Morgan Stanley Capital International (MSCI) and serves as a benchmark of the performance of major international equity markets, as represented by 21 major MSCI indexes from Europe, Australia, and Southeast Asia. The S&P 500 Composite Index is an unmanaged group of securities that are considered to be representative of the stock market in general.}

^{U.S. Treasury Notes are guaranteed by the federal government as to the timely payment of principal and interest. However, if you sell a Treasury Note prior to maturity, it may be worth more or less than the original price paid. Fixed income investments are subject to various risks including changes in interest rates, credit quality, inflation risk, market valuations, prepayments, corporate events, tax ramifications and other factors.}

^{International investments carry additional risks, which include differences in financial reporting standards, currency exchange rates, political risks unique to a specific country, foreign taxes and regulations, and the potential for illiquid markets. These factors may result in greater share price volatility.}

^{Please consult your financial professional for additional information.}

^{This content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG is not affiliated with the named representative, financial professional, Registered Investment Advisor, Broker-Dealer, nor state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and they should not be considered a solicitation for the purchase or sale of any security.}

^{Copyright 2024 FMG Suite.}