After a strong showing in July, stocks and bonds continued their descent in the third quarter as persistent inflation and rising interest rates drove investors’ worries of a global hard landing recession.

Internationally, Europe continued to experience supply chain disruptions due to the conflict in Ukraine, and fears mounted about Europe’s ability to obtain enough natural gas heading into winter. U.S. dollar strength relative to other currencies, particularly in emerging markets, weighed on international stocks as well. Bond returns suffered from the continued increases in overnight lending rates between banks that the Federal Reserve controls.

The U.S. entered a “technical recession” after notching two quarters of negative GDP growth, but the effect on households was muted as the labor market remained tight and wages continued to rise, somewhat mirroring inflation.

China reacted to softening economic data by cutting interest rates as their property sector continued to weaken.

The Silver Lining of Higher Interest Rates

Until the last year or so, the yields on anything stable (savings accounts, money market mutual funds, CDs, and U.S. Treasury bills) were less than exciting. But as the Fed does its best to raise benchmark interest rates to head off inflation, yields have begun to rise on cash alternatives. As of this writing, here are some examples of currently available yields (subject to change):

If you are looking for a place to park some cash, let’s discuss what options are available to you.

With you for the long haul,

Carter Ellis, CFP®

Founder

Disclosures:

 Past performance is no guarantee of future success. This material is for informational use only and should not be considered investment advice.

 The opinions expressed are those of Guardian Wealth Advisors, LLC. The opinions referenced are as of the date of publication and are subject to change due to changes in the market or economic conditions and may not necessarily come to pass. Forward looking statements cannot be guaranteed. Investing involves risk. Principal loss is possible.

 Investment advisory services offered though Guardian Wealth Advisors, LLC D/B/A Valley Peak Financial. Guardian Wealth Advisors, LLC ("GWA") is an investment adviser registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. More information about GWA's investment advisory services can be found in its Form ADV Part 2, which is available upon request. GWA-22-35