Relatable Finance

Relatable Finance Podcast

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Chart of the Week - November 27, 2023
The chart of the week is a previous chart that looks at the US Treasury yield curve from 3 months to 30 years. The top blue line is as of November 21 and the green line shows it as of year-end 2022. Finally, the bottom grey line is as of year-end 2021 and shows a more normal shape of a yield curve. We saw an incredible move in rates during 2022 and that continued into 2023, while at a slower rate. As we move closer to 2024, investors will be focusing on if short-term rates come back down with Fed rate cuts and how the longer end of the curve reacts.
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Chart of the Week - November 20, 2023
The chart of the week looks at the annual returns for the Barclays U.S. Aggregate Bond Index since 1976. As of November 13, the index is on pace for its third consecutive negative calendar year return in a row, which would be only the sixth negative return for the index since 1976. While many think increasing interest rates are good for bond investors, and it will be moving forward, as interest rates increase, the prices of bonds you currently hold will fall,  which will create the potential negative return for 2023. While this is historic, should bond yields stabilize or even decrease, the higher starting yields for bonds across the board should be welcomed by investors moving forward.
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Chart of the Week - November 13, 2023
The chart of the week looks at the number of new highs in the S&P 500 by year since 1991. As is very clear by the chart, new highs happen during bull markets and tend to come in groups. So, even when we hit new highs, it doesn’t mean that the market will drop. We have not seen new highs in 2023 and in 2022, aside from one. But, as we have seen many, many times, long-term, the market has gone up and we should see new highs at some point in the future. When those come, it does not mean the market will fall. In the last 33 years, we have seen more than 30 new highs in 12 years, or more than 1/3 of those years.
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Chart of the Week - November 6, 2023
The chart of the week looks at excess saving by consumers during the pandemic years estimated at around $2.1T. After this peaked in August 2021, much of these savings have been spent down and the savings are now closer to $158 billion. This has led to an increase in debt as well, as many people continue to spend even though they have run out of those savings. The strength of the consumer is a key factor in GDP growth and consumer saving rates and amounts are a focus we will continue to monitor.
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About Us

We are Shane Phillips and Joseph Karl, and together we are the hosts of “Relatable Finance.” We have worked together at Provenance Wealth Advisors (PWA) since 2014 and come from similar backgrounds. Both of us are from the Midwest but found our way to South Florida. We played college football (and by “played,” we mean we were on the teams), and we both enjoy the financial markets enough to have spent the time to obtain the Chartered Financial Analyst (CFA) charterholder designation. With some help, we had the brilliant idea to start a finance-based podcast to share our knowledge with you. Our goal with each podcast is to simplify important concepts we use daily, explore the various financial risks and opportunities individuals face throughout their lives and provide perspective on current events in the financial world. We release episodes every other week. They can be found at the link above. We hope you find our podcasts interesting and informative and welcome any feedback. Enjoy!
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The Relatable Finance Podcast is proudly sponsored by Provenance Wealth Advisors.
To learn more, check out our website. 
www.provwealth.com 

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