Wade's Weekly Market Update
September 29, 2026
Good evening,
Consumer sentiment fell sharply in September as higher grocery and gas prices weighed on Americans' views of the economy, according to a survey from the University of Michigan. While the S&P 500 Index is essentially flat for the month, it has been anything but a smooth ride. Bond yields continue to rise pushing the value of bonds downward. Overall, balanced portfolios have lost value in September.
Regardless of longer term economic trends, the party that controls both houses of Congress and the White House owns the current state of economic affairs in the US. If past is prologue, voters vote with their wallets first and foremost. Continued rising costs and rising interest rates are not good ammunition for the Republicans in the pending mid term elections. Will we see candidates in tight races begin to distance themselves from White House policies?
Would you like to invest in your favorite baseball team? According to Morningstar, an agreement last week between index-provider FutureSports and Major League Baseball will create performance indices for each of MLB’s 30 teams. ETF providers plan to use these indices to launch ETFs that move based on each team’s performance. Investors will be able buy and sell the ETFs in brokerage accounts. Is this just another form of sports betting? Will anyone buy the Cincinnati Reds ETF? Not me….I hope
Please visit our website at www.canfg.com to view past updates and information about Canandaigua Financial Group.
As always, if you would like to discuss this or anything regarding current market conditions or your portfolio, feel free to contact our office any time at 585-396-2720
Enjoy your week. Go Bills.
Wade
Wade A. Sarkis, CFP®, AIF®
Partner Emeritus
Canandaigua Financial Group
45 Ontario Street
Canandaigua, NY 14424
(585) 396-2720
Advisory Services offered through Commonwealth Financial Network®, a Registered Investment Adviser.
Note: Trade orders cannot be accepted via email or voicemail.
Wendy M. Copella
Office Manager
Canandaigua Financial Group
45 Ontario Street
Canandaigua, NY 14424
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