Weekly Market Commentary

September 13, 2019

The Markets

Remember the movie Groundhog Day?

Bill Murray’s character is a crotchety newsman who lives the same day over and over again. After exhausting other options, he chooses self-improvement and eventually escapes the cycle.

The movie came to mind last week when the United States and China headed to the negotiating table. Again.

Global stocks rallied on the news. Again.

The U.S.-China trade war has had a significant impact on stock market performance during the past two years. Since the trade war began, U.S. stock markets have rallied when trade talks are announced and retreated when trade talks fail.

Regardless, major U.S. indices posted gains last week after the United States and China agreed to a new round of trade talks.

Maybe, this time around, trade talks will deliver a trade agreement.

If not, expect more possible volatility.

Group outings? Gift requests? Let’s talk Money etiquette. If you’re of the generation that believes money is a taboo topic, stop reading. If you’ve encountered some perplexing money issues and want to learn more about money-related social etiquette, read on.

Issue: You’re organizing a group gift, outing, or trip. How do you avoid money conflicts?

Answer: BuzzFeed Finance recommends avoiding group texts, which “…are a breeding ground for peer pressure and anxiety. Suddenly, everyone agrees that $50 is a reasonable birthday amount, while one person had budgeted to spend around $20 and now feels too awkward to speak up. If you’re the person organizing a joint gift, it’s worth reaching out to people separately to gauge interest and a reasonable dollar amount.”

Issue: You’re raising money for several charities. How often can you ask the same person for a donation?

Answer: It depends, say the editors at Real Simple. It’s okay to approach immediate family for every cause, but limit requests to distant relatives, friends, and acquaintances to a couple of times a year. “You’ll get better results – and keep more friends – by targeting your solicitations, rather than blasting your entire address book.”

Issue: Your girlfriend broke up with you on a peer-to-peer (P2P) payment app. All your friends saw it.

Answer: The default setting for most P2P payment apps is ‘public.’ As a result, people you know – and anyone else using the platform – can see who you paid, when you paid, and (sometimes) what you purchased. Consumer Reports suggests, “Make all your P2P settings the most private possible to ensure the least sharing of your personal data.”

When it comes to money, every generation faces unique challenges.

Focus On The Positive

“Etiquette is all human social behavior. If you’re a hermit on a mountain, you don’t have to worry about etiquette; if somebody comes up the mountain, then you’ve got a problem. It matters because we want to live in reasonably harmonious communities.” –Judith Martin (a.k.a. Miss Manners)