The Independent Advisors Podcast: Episode 366

Mark and Matt cover August’s market performance and what history says tends to happen next, along with an update on the four-year presidential cycle and the historically stronger stretch that tends to follow in the fall. Also covered: why industrials, not tech, is currently the most expensive sector in the S&P 500 by valuation, a record share of consumer spending now going toward hobbies, and what missing the market’s best days can cost a long-term investor. The episode closes with a financial planning topic on naming a trusted contact on your investment accounts as a safeguard against fraud.