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The Fall Social Season & A Crazy Week in Washington

With the passing of summer and the kids fully back in the swing of the school year, social season for adults is back on our calendars. This last week we enjoyed our first UK tailgate in quite some time, and got to see many faces we hadn’t seen in many months. The Cats even pulled off the win over Florida! Who would have thought we’d be undefeated five weeks into the season? 

Also, if you know me at all you know I’m ecstatic over the opening of Keeneland tomorrow, and all the fun we’ll be having seeing those of you who enjoy racing, people watching, or both. Speaking of Keeneland and tailgates, if you haven’t marked your calendars yet, make sure to set aside time on Saturday, October 16 to stop by our Keeneland tailgate. We’ll be set up on The Hill, and we can’t wait to catch up with all of you, and hopefully pick a few winners. As always, our tailgates are open not only to our clients, but to all of your friends and family as well. And yes, there’s plenty of room on The Hill for your kiddos to play in the open fresh air. Let’s all pray for good weather!

On the topic of getting together, we are excitedly finishing our office expansion and remodel with the anticipation of seeing you at our Christmas Open House! Mark your calendars for Thursday, December 9. We look forward to introducing you to our new staff members and showing you around our updated space. 

Outside of all the social fun that comes with this time of year, yes, I am worried that our elected officials won’t address the debt limit, and that inflation will fundamentally alter all areas of the market beyond supply chain. I also believe these areas of concern will work themselves out once enough media coverage has been allotted to them. 

In all seriousness, there has been volatility in the market, and September and October tend to be disruptive. We are acting on your portfolios as needed, and we realize that while people are focusing on supply chain, spiking commodities prices, shipping containers sitting in Southern California, and talk of monopolies, these things are all signs of demand. Keep in mind too that no struggling company has ever been accused of holding a monopoly and needing more government oversight. These are companies that have typically done well for their investors. 

The United States will eventually pay its bills, and political posturing and media clickbait aside, this is all part of the cycle of restarting the economy. A government that’s not operating as efficiently as it could be is nothing new. 

At the end of the day, if you are worried about what you’re seeing in the news coverage you choose to consume, please, give us a call (859.219.1006). (If it’s Thursday or Friday, I’ll call you back between races!)

Article by David Smyth, Senior Partner at Family Financial Partners — a financial services firm in Lexington, Kentucky.

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