7/17/2026 The Adjustment Month

| July 17, 2026

 The Adjustment Month:

'August' has become the ‘adjustment month’ for portfolios

because of what lays ahead;

And, it this:

 The Wicked Months:

September, historically, has experienced the weakest average monthly return, says Yahoo Finance 10/22/2025.  Pundits have laid the blame for such results on increased volatility when investors return to the markets after summer vacations and for mutual funds locking in losses before the end of the year.

October, historically, is the most volatile investment month for the stock market, says Bloomberg 9/1/2022. In addition, the article goes on to point out that the 1929 crash1987 crash and the 2008 crash all occurred in…. can you believe it…. Halloween’s own month of… October.

Now stir into the ‘witches cauldron’ (MacBeth):

September’s Triple Witching option ‘expiration’

The Iran War and the Price of Oil

Interest Rates

The Mid-Term Elections

 Therefore:

What do you want to own 12 months from now!!!

What don’t you want to own 12 months from now!!!

To:

Make sure… you won’t have a 'MacBeth' Ending…

____________

Remember

“Follow the Investment Trends”

With

Wave and Wind

Only available through

Towne Scherer Private Wealth Management

The opinions expressed in this material do not necessarily reflect the views of LPL Financial and based on the political content of this material are for general information only and are not intended to provide specific advice or recommendations for any individual. The economic forecasts set forth in this material may not develop as predicted. All indices are unmanaged and may not be invested directly.

Russell E. Towne, LPL Financial Advisor, is a registered representative with and Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.