GVA Market Insights – September

• Labor Market Weakness – Recent BLS data shows slowing job growth and fewer openings, pointing to a softening labor market that all but guarantees a Fed rate cut this week.
• Where to Hide Amidst Concentration – Despite macro uncertainty, stocks remain near all-time highs with performance driven by a handful of mega-cap names, providing opportunities in equities with discounted valuations and potential rotations into alternatives. 
• What’s the Most Likely Path Forward? – With labor weakness and inflation still a concern, the months ahead could bring very different outcomes for stocks and bonds. Whether the economy steadies, slips into recession, or struggles with sticky inflation will ultimately decide how investors fare. 

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Eric Parnell and Evan Coffey are solely investment advisor representatives of Great Valley Advisor Group, and not affiliated with LPL Financial. Any opinions or views expressed by them are their own and are not those of LPL Financial. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth may not develop as predicted.

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Eric Parnell, CFA Chief Market Strategist

Eric Parnell is the Chief Market Strategist for Great Valley Advisor Group. Eric applies his expertise in finance and economics to manage multi-asset portfolios, mitigate risk, deliver advice that promotes informed decision-making, and facilitate investors achieving their short-and long-term investment goals. He leads the GVA Asset Management platform overseeing the management of asset allocation models for GVA advisors and their end clients.

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