{"id":12744,"date":"2023-10-10T21:24:32","date_gmt":"2023-10-10T21:24:32","guid":{"rendered":"https:\/\/zacksim.com\/blog\/?p=12744"},"modified":"2024-01-10T17:16:18","modified_gmt":"2024-01-10T17:16:18","slug":"summer-and-fall-of-strikes-rising-rates-american-workers-stay-put","status":"publish","type":"post","link":"https:\/\/zacksim.com\/blog\/summer-and-fall-of-strikes-rising-rates-american-workers-stay-put\/","title":{"rendered":"Summer and Fall Of Strikes, Rising Rates, American Workers Stay Put"},"content":{"rendered":"\n

In this week’s edition of Steady Investor, we dive into recent market events, including:<\/p>\n\n\n\n

\u2022 The strikes in the summer and fall
\u2022 Rising rates
\u2022 Americans keeping their jobs<\/p>\n\n\n\n

The Summer and Fall of Strikes<\/strong> \u2013 Workers have been walking off the job in significant numbers in 2023. The Hollywood writers\u2019 strike garnered a lot of attention this summer, only to be followed shortly after by walkouts orchestrated by the United Auto Workers (UAW). Then, on Wednesday, more than 75,000 Kaiser Permanente employees \u2013 which included nurses, pharmacists, and others \u2013 went on strike, marking the largest healthcare strike ever recorded. Kaiser\u2019s hospital workers, which for the strike are mostly based in California, are striking over contract negotiations related to pay, but also issues with staffing, arguing that Kaiser needs to hire more personnel to address work demands. The auto workers are focused largely on pay, and strikes to date have been measured but could amp up from here. While auto worker stoppages can have a measurable impact on domestic production, it\u2019s important to note that it would not shut off U.S. output completely, as there are many foreign-owned and non-UAW plants across the country. Strikes would also not affect production across Mexico, Asia, Europe, and the rest of North America.1<\/sup><\/p>\n\n\n\n

4 Steps to Prepare for Retirement Amid Market Concerns<\/a><\/span><\/strong><\/p>\n\n\n\n

In times like these with media chatter surrounding rising rates and a looming recession, it can be hard to feel secure in your investments. But with proper guidance, retirement planning can be easier.
When the headlines focus on \u2018worrisome stories,\u2019 it can lead to hasty short-term decision-making. To avoid this pitfall, we recommend that investors:<\/p>\n\n\n\n

\u2022 Determine your expenses
\u2022 Determine your income
\u2022 Match your income source with your goals and time frame.<\/p>\n\n\n\n

Considering these factors can be a daunting task, but four simple steps can help you plan for retirement!<\/p>\n\n\n\n

If you have $500,000 or more to invest, get the scoop on these simple steps with our guide. Click on the link below to get your copy today:<\/p>\n\n\n\n

Download \u201c4 Steps to Managing Your Retirement Assets!\u201d2<\/sup><\/a><\/span><\/strong><\/p>\n\n\n\n

Rising Rates Creating Headwinds for Stocks, Economy<\/strong> \u2013 The yield on the 10-year U.S. Treasury bond has been rising, and stocks have been falling. That has been the takeaway for many investment prognosticators over August and September, and recent action in the Treasury bond market has arguably made the volatility more pronounced. As seen in the chart below, yields have been moving up rather quickly \u2013 rising to their highest levels since 2007 \u2013 while the S&P 500 sold off -4.8% for the month of September.3<\/sup><\/p>\n\n\n\n

\"\"
Source: Federal Reserve Bank of St. Louis4<\/sup><\/em><\/strong><\/figcaption><\/figure>\n\n\n\n

There\u2019s a good argument that a spike in long-duration Treasury yields could be caused by one of three things or a combination of them. First is better-than-expected economic growth, second is rising inflation expectations, and third is investor concern over rising federal deficits, which require more bond issuance and that the marketplace needs to absorb. With inflation trending lower, rising yields appear to be a combination of the other two factors, which we view as a positive for markets looking forward. We think investors can absorb new debt issuance and that the economy is growing better-than-expected, which factors as a good thing.<\/p>\n\n\n\n

Americans are Keeping Their Jobs<\/strong> \u2013 In April 2022, Americans were quitting their jobs in large numbers. The labor market was so tight \u2013 with the number of job openings far exceeding the number of unemployed \u2013 American workers had plenty of choice and bargaining power. That dynamic is starting to change. While the labor market is still strong and historically tight, the number of job openings has fallen from peaks and layoffs have started to appear mostly in the knowledge economy, with white-collar workers in technology feeling the biggest sting. Americans appear more reluctant to quit their jobs today, perhaps because they think it\u2019s the best they\u2019ll get, but also because overall satisfaction has improved \u2013 likely a result of more flexibility and higher pay. According to the Conference Board, worker satisfaction is the highest it\u2019s ever been, and the quits rate has fallen from a peak of 3% last April to 2.3% as of July 2023.5<\/p>\n\n\n\n

Managing Your Retirement Assets During a Potential Recession<\/strong> \u2013 Are fearful headlines in the media (regarding rising rates and a potential recession) causing you to worry about your next investment decision?<\/p>\n\n\n\n

If so, I recommend that you explore four simple steps that can drastically help your investments. These steps are outlined in our exclusive guide, \u201c4 Steps to Managing Your Retirement Assets6<\/sup>.<\/em>\u201d This guide will help give you some ideas for how to transition into retirement with confidence.<\/p>\n\n\n\n

If you have $500,000 or more to invest, get the scoop on these simple steps with our guide. Click on the link below to get your copy today:<\/p>\n","protected":false},"excerpt":{"rendered":"

Writers, auto and healthcare workers on picket lines, rising rates create headwinds for economy and stocks, Americans more reluctant to quit their jobs. <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71,73],"tags":[],"class_list":["post-12744","post","type-post","status-publish","format-standard","hentry","category-private-client-group","category-steady-investors-week"],"acf":[],"_links":{"self":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts\/12744","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/comments?post=12744"}],"version-history":[{"count":2,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts\/12744\/revisions"}],"predecessor-version":[{"id":12747,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts\/12744\/revisions\/12747"}],"wp:attachment":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/media?parent=12744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/categories?post=12744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/tags?post=12744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}