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This will be the 11th Presidential election we’ve guided clients through since Penny Bond founded the firm in 1982. We have weathered many shifting political landscapes over the decades, but we believe the current trends in voter demographics and engagement are noteworthy.

Election season is upon us and for those in Minnesota, we know that means fall is coming (and eventually, snow). Given the current election landscape, it is hard not to draw parallels to the 1968 election.

Here Come the Conventions! 

No surprise. Here we are at the highly anticipated FOMC’s June meeting, and the outcome is underwhelming. Despite last month's unexpected drop in inflation to 3.3%, the Federal Reserve is holding interest rates steady at the 5.25%-5.5% range until there is a clearer indication of slower economic growth.

According to Dr.

Hi, I’m RJ Devick, partner and CEO of Bond&Devick Wealth Partners.  I wanted to take the time to give everyone an update on the state of our firm.  I am sure you have noticed the number of changes we have experienced over the past few years. 

“I think herd mentality is a good thing overall. Because if every sheep had to figure out the velocity of the wolf and their personal risk, that would take forever.”  ~Neal Barnard

Herd Mentality

Investors diversify portfolios to help mitigate risk.  In addition, since the future is unknown, diversification can help provide investors with the opportunity to share in the appreciation of different asset classes without trying to guess which investments will outperform over the short-term.

The National Retail Federation projects Americans will spend over $12 billion dollars on Halloween this year, surpassing last year’s record of $10.6 billion.  Last fall, most economists and money managers were on the lookout for a recession in early 2023.  Instead, the economy has continued to grow.  In fact, growth has been incredibly strong with the US economy growing by

Looking for Cracks

“If rates continue to rise the way they’ve been rising, there will be a financial accident.  Something will break and that will get the Fed moving in the other direction,” said David Lebovitz of JP Morgan on October 2, 2023.