jili panaloko
As your clients inevitably ask about portfolio positioning for Trump’s second term, new insights from the Charles Schwab Impact 2024 conference offer crucial talking points for managing expectations and avoiding common investment pitfalls, InvestmentNews reports . “Be really careful about extrapolation around election narratives,” warns Liz Ann Sonders, Schwab’s chief investment strategist, providing advisors with a powerful historical example: While many professionals confidently steered clients toward energy stocks during Trump’s first term, expecting sector-wide gains, energy actually plummeted over 40%, significantly underperforming all other sectors. For advisors fielding questions about small-cap allocations—particularly given recent market enthusiasm—Sonders recommends a more nuanced client discussion. Rather than broad small-cap exposure, consider explaining to clients the stark reality that approximately 40% of Russell 2000 companies are unprofitable. Instead, suggest more selective approaches, such as funds tracking the S&P SmallCap 600 Index, which applies stricter quality criteria. When discussing Trump’s proposed policies with clients, Schwab’s chief global investment strategist Jeff Kleintop suggests framing the proposed 26% tariff rate as a negotiating position rather than a certainty. However, advisors should prepare clients for potential inflationary impacts if significant tariffs are implemented. Fixed income discussions require particular attention, according to Kathy Jones, Schwab’s chief fixed income strategist. Consider warning clients that proposed immigration policies could reduce the labor force by 8% or more, potentially driving up labor costs and inflation. This may lead to higher-than-expected terminal rates—possibly 3.5% to 4% rather than the previously anticipated 2.75%. Bottom line for advisors: Help clients avoid making investment decisions based on political headlines. Instead, focus client conversations on fundamental economic factors, detailed market analysis, and their long-term financial plans. Remember that during Trump’s first term, it was broader economic conditions, not policy predictions, that ultimately drove market performance. Consider scheduling portfolio reviews with clients now to address these concerns proactively and adjust strategies as needed. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Kernels’ Addie Siemsen commits to Wayne State women’s basketball
ABILENE, Texas (AP) — Sam Hicks scored on a 53-yard run in the fourth quarter and finished with 171 yards on the ground to lead Abilene Christian to a 24-0 victory over Northern Arizona on Saturday in the first round of the FCS playoffs. The Wildcats (9-4), ranked No. 15 in the FCS coaches poll and seeded 15th, qualified for the playoffs for the first time and will travel to play No. 2 seed and nine-time champion North Dakota State (10-2) on Saturday at the Fargo Dome. The Bison had a first-round bye. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.GEORGETOWN 100, ALBANY 68
It seemed like companies couldn’t hire information technology analysts fast enough in 2014 when Michael Deneen began his IT career. Job counts nationally soared in the 2010s and early 2020s, but then the market flattened and a profession that looked like it might grow uninterrupted started shedding jobs. Laid off twice this year from Minnesota IT jobs, Deneen said he’s found it hard to snag the next gig. “Before I could have three, four offers lined up and would have to choose between them,” the Columbia Heights man said. “It’s like I’m struggling to even get a foot in the door in places that I’m more than qualified for.” ADVERTISEMENT Even with the state’s relatively low 3.5 percen t unemployment rate, some mid-career Minnesotans and those just coming out of college are seeing a job market now that worries them. Recent layoffs at Cargill in the Twin Cities and last week’s announcement that Arctic Cat, the Minnesota snowmobile maker, will shutter its manufacturing operations next year in Thief River Falls and St. Cloud, have added to the anxiety. Analysts say Minnesota’s job market remains robust, but for some there’s a skills matchup problem as some sectors grow while others flatten or decline. “I’m not gonna lie, it’s been hard,” Deneen said of finding the next IT job. “I’ve had a lot of self-doubt now, like questioning is this really an industry I am good at? Is this something I should even be in anymore? I’m also 40. It’s like, I can’t really switch careers at this point.” ‘Shouldn't be this way’ Health care, government, leisure and hospitality and transportation are among the Minnesota sectors that continue to show strong job growth, according to state data. Other industries are growing slower, including construction and manufacturing. “We’ve heard from some folks that maybe it has taken a little longer than what they remember in the past if they were previously unemployed. Some individuals don’t say that at all,” said Sara Garbe, workforce development supervisor at the Minnesota Department of Employment and Economic Development. “November and reaching December, we certainly see a slowdown of hiring and folks may mention things like that they’ve heard from recruiters that maybe a decision won’t be made until after the holidays or after the first or the last quarter of the year,” added Garbe, whose staff works with new job seekers and those in mid-career. For recent college grads who haven’t landed work, the holiday season can bring its own pressures. ADVERTISEMENT Raina Hofstede, 22, studied English at Harvard University. Since graduating in May and coming back to Minnesota, she said job prospects have been nearly nonexistent. “I feel kind of directionless in the time period that I’m waiting,” said Hofstede, who grew up in Coon Rapids. “I feel like I really want to plan. I’m at a point where, like, I’d love to get things moving.” She’s applied to post-undergrad internships and career-advancing work. She’s looking into publishing, creative writing spaces and museums and hopes a stint working in comedy clubs while at Harvard might intrigue an employer. The search and the uncertainty around it is a grind, she acknowledged. “I think, as time goes on, and this feels sad, but I think as time goes on, my belief in myself slowly drops a little bit more with more rejections, and so I feel like I’ll be applying to less and less competitive things as I move forward,” Hofstede said. ' Minnesota showed strong steady job growth coming out of the Great Recession in 2009, reaching nearly 3 million jobs by February 2020. The COVID-19 pandemic torpedoed that growth — the state lost more than 400,000 jobs, nearly 14 percent of its employment, in the span of a few months. Job counts didn’t return permanently to pre-pandemic levels until September last year. The current state and national unemployment rates are relatively low, although they have ticked up over the past year. Minnesota’s unemployment rate is lower than the U.S. unemployment rate at 4.2 percent. Based on the most recent data, Minnesota has six unemployed people for every 10 job openings where nationally there are nine unemployed people for every 10 openings. ADVERTISEMENT Knowing that doesn’t make it easier for those looking for work, waiting for answers from prospective employers. “It just kind of feels like they have no respect for a candidate or their time, or them as a person,” Deneen said of the current market. “It’s an entire game, and it shouldn’t be this way.” ‘A little community’ Garbe said technology is transforming job searches in ways that may make landing work more challenging for some in mid-career or just starting out. Companies are using automated systems or in some cases artificial intelligence systems to screen applicants before a human gets to them. She encourages job seekers to reach out to one of DEED’s more than 50 CareerForce offices across the state where analysts can review resumes or cover letters with job seekers and offer help with writing and strategy. They can also connect people to needed training or certifications. Garbe also suggests reflecting on what you’ve accomplished to boost your self-confidence if you get overwhelmed. Social media has become a resource for job seekers as they look. Groups on Reddit like r/StudentJobSearch have become a space for venting and advice with conversations about job searching and applications. LinkedIn is also seeing similar support groups, including two Deneen is in that focus on networking and project management. ADVERTISEMENT Hofstede said she’s found solace leaning on those around her who are going through these same experiences. She and a group of new graduates meet at their public library to sift through job postings and work on cover letters and resumes together. “Something of a little community of people who are unemployed and looking for jobs, and I like having the friends support,” she said. “It is harder to go through something uncertain like this alone.”Commerce Bank Sells 133 Shares of Vertiv Holdings Co (NYSE:VRT)CAS commissions modern accommodation for Air Force Base Tamale
Franklin BSP Realty Trust, Inc. to Issue Quarterly Dividend of $0.36 (NYSE:FBRT)Marcus Johnson and Bowling Green take down New Mexico State 61-60
TC Energy Corp. stock falls Wednesday, underperforms market
UTSA 78, HOUSTON CHRISTIAN 71Jimmy Carter was a president whose reputation in foreign policy only grew after he left office
Still counting its dead, Hezbollah faces long road to recover from war
Browns' Myles Garrett makes history with 2 sacks, but another loss leaves him frustratedThe AP Top 25 college football poll is back every week throughout the season! Get the poll delivered straight to your inbox with AP Top 25 Poll Alerts. Sign up here . COLUMBUS, Ohio (AP) — A fight broke out at midfield after Michigan stunned No. 2 Ohio State 13-10 on Saturday when Wolverines players attempted to plant their flag on the OSU logo and were confronted by the Buckeyes . Police used pepper spray to break up the players, who threw punches and shoves in the melee that overshadowed the rivalry game. One officer suffered unspecified injuries and was taken to a hospital, a police union official said. After the Ohio State players confronted their rivals at midfield, defensive end Jack Sawyer grabbed the top of the Wolverines’ flag and ripped it off the pole as the brawl moved toward the Michigan bench. Eventually, officers rushed in to try to break up the fracas. Ohio State coach Ryan Day said he understood his players’ actions. “There are some prideful guys on our team who weren’t going to sit back and let that happen,” Day said. The two Ohio State players made available after the game brushed off questions about it. Michigan running back Kalel Mullings, who rushed for 116 yards and a touchdown, said he didn’t like how the Buckeyes players involved themselves in the Wolverines’ postgame celebration, calling it “classless.” RELATED COVERAGE Wisner has career day as No. 3 Texas advances to SEC title game with 17-7 win over No. 20 Texas A&M No. 17 Iowa St beats Wildcats 29-21 for first 10-win season, moves to cusp of Big 12 title game Williams accounts for 3 TDs, No. 21 UNLV beats Nevada 38-14 to make Mountain West title game “For such a great game, you hate to see stuff like that after the game,” he told Fox Sports in an on-field interview. “It’s just bad for the sport, bad for college football. But at the end of the day, you know some people got to — they got to learn how to lose, man. ... We had 60 minutes, we had four quarters, to do all that fighting.” Ohio State police said in a statement that “multiple officers representing Ohio and Michigan deployed pepper spray.” University police said they will continue to investigate the brawl. Brian Steel, president of the police union representing officers in Franklin County, posted on social media that an officer was injured. “Officers are authorized to use pepper spray to stop assaults and protect themselves and others,” Steel added. Michigan players could be seen rubbing their eyes after exposure to the chemical irritant. Michigan coach Sherrone Moore said both teams could have handled the situation differently. “So much emotions on both sides,” he said. “Rivalry games get heated, especially this one. It’s the biggest one in the country, so we got to handle that better.” ___ Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football
Liverpool: Arne Slot provides injury update on Conor Bradley and Ibrahima Konate ahead of Man City showdownDaeshin MC Co., Ltd. Unveils Its Clean Solutions Creating Pleasant Indoor Environments from Industrial Sites to Public Facilities
