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Weekly Investment Update

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Categories”}},{“type”:”list_item”,”source”:{“query”:{“name”:”categories.customCategories”,”arguments”:{“id”:0,”offset”:0,”limit”:10,”order”:”term_order”,”order_direction”:”ASC”}},”props”:{“content”:{“name”:”name”,”filters”:{“search”:””}},”link”:{“name”:”link”,”filters”:{“search”:””}}}}}],”name”:”Blog Category List”}]},{“name”:””,”type”:”column”,”props”:{“image_position”:”center-center”,”media_overlay_gradient”:””,”width_small”:”2-3″},”children”:[{“type”:”headline”,”props”:{“title_element”:”h1″,”content”:”Weekly Investment Update”},”source”:{“query”:{“name”:””},”props”:{“_condition”:{“filters”:{“condition”:”!!”},”name”:”title”}}}},{“name”:””,”type”:”text”,”props”:{“margin”:”default”,”column_breakpoint”:”m”,”content”:”

Most stock and bond indexes trended higher last week, as investors seemingly shrugged off concerns over both inflation and the Delta variant and viewed Monday\u2019s pull back as an opportunity to buy the dip. The positive week continues a trend that\u2019s been in place for the entirety of 2021 \u2013 the S&P 500 index (a proxy for large-cap US stocks) has yet to experience a 5% correction. In fact, you must go back to early November of last year to find the last time that has occurred. At that time volatility spiked upward and the S&P 500 retreated more than 8% from its prior high (see arrows below).”},”source”:{“query”:{“name”:””},”props”:{}}},{“type”:”image”,”props”:{“margin”:”default”,”image_svg_color”:”emphasis”,”image”:”wp-content\/uploads\/sites\/20\/2021\/07\/CBOE-SP-500-Volatility-Index-Level-SP-500-Total-Return-Level-Off-High-OneAscent-Wealth-Weekly-Investment-Update-July-26-2021.png”,”image_alt”:”A line graph depicting CBOE S&P 500 Volatility Index Level from September 2020 to July 2021 and a line graph depicting S&P 500 Total Return Level % Off High from September 2020 to July 2021″,”text_align”:”center”}},{“name”:””,”type”:”text”,”props”:{“margin”:”default”,”column_breakpoint”:”m”,”content”:”

For context, the average intra-year decline for the S&P 500 index since 1980 is more than 14%^{[1]. While this relatively calm climb upward in equity markets this year has been wonderful for investors, it is important to remember that this run has been somewhat atypical. As a result, we encourage investors to revisit their financial plans and, if needed, reduce equity exposure to target levels if they find themselves overweight stocks.”},”source”:{“query”:{“name”:””},”props”:{}}},{“type”:”text”,”props”:{“margin”:”default”,”column_breakpoint”:”m”,”content”:”}

Prices & Interest Rates”,”css”:”p { \n margin-top: 50px\n}”}},{“type”:”text”,”props”:{“margin”:”default”,”column_breakpoint”:”m”,”content”:”

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Representative Index\n	Current\n	Year-End 2020\n\n
Crude Oil\u00a0(US WTI)\n	$72.17\n	$48.52\n\n
Gold\n	$1,802\n	$1,893\n\n
US Dollar\n	92.91\n	89.94\n\n
2 Year Treasury\n	0.22%\n	0.13%\n\n
10 Year Treasury\n	1.30%\n	0.93%\n\n
30 Year Treasury\n	1.92%\n	1.65%\n\n
Source: Morningstar, YCharts, and US Treasury as of July 25, 2021\n\n\n”,”text_size”:”small”,”css”:”table.center {\n margin-left:auto; \n margin-right:auto;\n border-collapse: collapse\n \n}\nth {background-color: #13284B; padding:5px }\ntd {padding:5px}\n”}},{“type”:”text”,”props”:{“margin”:”default”,”column_breakpoint”:”m”,”content”:” Asset Class Returns”}},{“type”:”text”,”props”:{“margin”:”default”,”column_breakpoint”:”m”,”content”:” \n \n \n \n \n \n \n \n \n \n \n \n \n Category\n Representative Index\n YTD 2021\n Full Year 2020\n\n Global Equity\n MSCI All-Country World\n 13.5%\n 16.3%\n\n US Large Cap Equity\u00a0\n S&P 500\u00a0\n 18.4%\n 18.4%\n\n US Large Cap Equity\u00a0\n Dow Jones Industrial Average\n 15.7%\n 9.7%\n\n US Small Cap Equity\u00a0\n Russell 2000\n 12.4%\n 20.0%\n\n Foreign Developed Equity\n MSCI EAFE\n 9.0%\n 7.8%\n\n Emerging Market Equity\n MSCI Emerging Markets\n 2.8%\n 18.3%\n\n US Fixed Income\n Bloomberg Barclays Municipal Bond\n 1.9%\n 5.2%\n\n US Fixed Income\n Bloomberg Barclays US Agg Bond\n -0.8%\n 7.5%\n\n Global Fixed Income\n Bloomberg Barclays Global Agg. Bond\n -2.5%\n 9.2%\n\n Source: YCharts as of July 25, 2021\n\n\n”,”text_size”:”small”,”css”:”table.center {\n margin-left:auto; \n margin-right:auto;\n border-collapse: collapse\n \n}\nth {background-color: #13284B; padding:5px }\ntd {padding:5px}\n”}},{“type”:”text”,”props”:{“margin”:”large”,”column_breakpoint”:”m”,”css”:”#spaced { \n margin-top: 50px !important\n}”,”content”:” [1] JP Morgan Guide to the Market, July 22, 2021″,”text_size”:”small”,”margin_remove_bottom”:false,”margin_remove_top”:true}},{“type”:”button”,”props”:{“grid_column_gap”:”small”,”grid_row_gap”:”small”,”margin”:”large”,”text_align”:”center”,”margin_remove_top”:true},”children”:[{“type”:”button_item”,”props”:{“button_style”:”primary”,”icon_align”:”left”,”content”:”Download the PDF Version”,”link”:”wp-content\/uploads\/sites\/20\/2021\/07\/2021.07.26-OneAscent-Weekly-Investment-Update.pdf”,”link_target”:”blank”}}],”name”:”Download the PDF Version”},{“type”:”html”,”props”:{“content”:” “}}]}]}]},{“name”:”Disclaimer”,”type”:”section”,”props”:{“style”:”muted”,”width”:”default”,”vertical_align”:”middle”,”title_position”:”top-left”,”title_rotation”:”left”,”title_breakpoint”:”xl”,”image_position”:”center-center”,”animation_delay”:false},”children”:[{“name”:””,”type”:”row”,”props”:{“column_gap”:”large”,”row_gap”:”large”},”children”:[{“name”:””,”type”:”column”,”props”:{“image_position”:”center-center”,”media_overlay_gradient”:””,”width_medium”:”1-1″},”children”:[{“name”:””,”type”:”text”,”props”:{“margin”:””,”column_breakpoint”:”m”,”content”:” Past performance may not be representative of future results. \u202fAll investments are subject to loss.\u202f Forecasts regarding the market or economy are subject to a wide range of possible outcomes. \u202fThe views presented in this market update may prove to be inaccurate for a variety of factors.\u202f These views are as of the date listed above and are subject to change based on changes in fundamental economic or market-related data. \u202fPlease contact your Financial Advisor in order to complete an updated risk assessment to ensure that your investment allocation is appropriate.\u202f\u202f\u00a0″,”text_align”:”left”,”text_size”:”small”,”text_color”:”muted”}}]}]}]}],”version”:”2.2.2″} –> Written By: Contact An Advisor Follow Follow Past performance may not be representative of future results.  All investments are subject to loss.  Forecasts regarding the market or economy are subject to a wide range of possible outcomes.  The views presented in this market update may prove to be inaccurate for a variety of factors.  These views are as of the date listed above and are subject to change based on changes in fundamental economic or market-related data.  Please contact your Financial Advisor in order to complete an updated risk assessment to ensure that your investment allocation is appropriate.