Andrew D. Norman, Managing Director

“Investors should remain cognizant that expectations and valuations for NVIDIA and Big Tech as a whole are elevated compared to other areas of the market that are more reasonably priced. This could result in more volatility across Big Tech based on how investors perceive the trajectory for growth and profits over the coming quarters. With expectations already high, investors may have to stomach more volatility moving forward and less homogenous trading across technology stocks as we move through the rest of the year.”

– Anthony Saglimbene, Ameriprise Chief Market Strategist

- "For where you want to go in life!"

Investors should remain focused on fundamentals to navigate through historically weak September Get more expert insights by reading the latest Weekly Market Perspectives.

Don’t let emotions and market headlines impact your long-term goals.

We're here to help you feel more confident during periods of market stress.

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Strategies for navigating market volatility Find out how to prepare and stay the course during the market’s ups and downs.

Election volatility is to be expected.

But that doesn’t mean it will last.

Market turbulence has a history of peaking ahead of an election, then fading back to normal levels thereafter.

https://bit.ly/3XtAR4R

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How has the makeup of Congress impacted the markets in the past?

U.S. stock returns have historically performed well during periods of divided government.

Read more about the historical impact of elections in this guide.

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Curious about how elections influence market behavior?

The U.S. Election Guide from explores historical market responses during election cycles and the role that the makeup of Congress historically plays.

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U.S. election guide for investors Download our guide for a historical look at how past elections and presidents have impacted the markets and economy.

History shows that the difficult practice of staying the course — or buying stocks while others are selling — can pay off in the long run.

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Making sense of the recent market volatility The investor concerns that fueled the recent stock correction continue to linger.

The rapid adoption of cloud computing and AI is significantly driving the expansion and modernization of data centers.

Here’s an overview of the overall investment landscape.

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The rise of the data center ecosystem Find out which underlying technologies and opportunities may be poised for significant growth.

One way to understand the value of a company is to compare its stock price relative to the earnings analysts expect the company to produce in the next year. Since Covid-19, the price/earnings (p/e) of large companies has increased, while those of smaller companies has declined. This indicates that smaller companies are relatively cheap. These trends may move either direction in the short-term, however, they often revert to normal in the long-term. Long-term strategic investors should consider the valuation discrepancy as an opportunity to review their current allocation with their Ameriprise financial advisor.

“It's mid-August, and we are in a seasonally weak period for stocks. Volatility usually climbs in August and September, and an upcoming election in November may keep markets wound tight and susceptible to periodic downdrafts.”

– Anthony Saglimbene, Ameriprise Chief Market Strategist

- "For where you want to go in life!"

Stocks recently posted their best week all year: where did all the market volatility go? Get more expert insights by reading the latest Weekly Market Perspectives.

Finding the right balance between risk and reward can help minimize financial stress.

In times of turbulence, rebalancing can help bring your portfolio back in line with your long-term strategy.

We can review your investment mix and see if rebalancing is right for you.

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How rebalancing can help you stay the course Rebalancing your portfolio can help you fight instincts to sideline assets when markets get rough.

What matters most?

As we see it most of life falls into 4 core competencies. Community, Culture, Personal Development, and Financial Independence.

Community would include things like our relationship with Friends and Family.

Culture covers music, art, literature, and travel.

Personal Deveopment encompasses nutrition, exercise, spiritual connection, and education.

Financial Independence includes income, investments, insurance, taxes, estate planning, etc.

As my children get older, I often wonder what good it might be to leave my children all of the financial means I can muster with no other core competencies. Personally, this feels like a hollow "victory"...A revelation that leaves me with the conviction to establish core values in our family and do all I can to transfer a passion for music, travel, education, family, deeper social connections, hobbies etc.

I consider this to be a more wholistic approach to parenting. Sure, it might not be for everyone, but it feels right to me.

In my 20+ years in financial services I have discovered the only way to reliably transfer values is to LIVE them. I see no scalable way to delegate this task. We must show up...and do the "hard yards". "Walk the talk" as they say.

If we want our children to love music, we must listen to music. If we want our children to love reading, we must read. If we want them to see the world, we must travel. If we want them to be financially independent, we must teach them about finance.

It reminds me of an all-time favorite quote: "Instead of buying your children all the things you never had, you should teach them all the things you were never taught. Material wears out, but knowledge stays.” – Bruce Lee

This is much harder in practice than in theory.

Ultimately, we are asking what good is one without the other? What good is it to be financially independent if you have no health, culture, or sense of community?

I don't like that picture...and it seems others don't either.

How might you prioritize these core competencies? Do you share the sense that prioritizing values might offer immense value over time?

It should be noted, in our view, this is what financial planning is all about. It's about prioritizing values as a family and allocating resources accordingly. Some in economics might call this "utility maximization".

As you can imagine, this approach offers a much deeper emotional connection to the work we do and that is where we find the "magic". Financial plans can be much more than numbers on a page. They are a visual representation of our values and what means the most to us on our journey.

It's inspiring work...not easy, but inspiring for certain.

Sincerely,

Andrew D. Norman
Founder & Managing Director
Colibri Capital - "For where you want to go in life!"

Photo Credit: Rachel Norman

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“History, a little perspective, and a well-thought-out investment strategy usually go a long way in helping investors navigate the expected and sometimes unexpected turbulence that routinely develops across financial markets — particularly in August.”

– Anthony Saglimbene, Ameriprise Chief Market Strategist

- "For where you want to go in life!"

It's not always sunshine and rainbows. But the occasional storm shower can help reset the deck chairs. Get more expert insights by reading the latest Weekly Market Perspectives.

If you and your spouse find yourself often disagreeing on financial matters, we can help.

Research shows that couples with a financial advisor are more likely to share the same financial values and feel more confident in their financial future.

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Did you miss the article “2024 midyear market pulse check ” on our website?

Sign up for my monthly email newsletter to stay up to date on the latest market and economic research from Ameriprise.

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When the markets fluctuate, it’s natural to feel uncertain about your portfolio.

We provide personalized advice to support your financial goals throughout all market cycles.

If you'd like an in-depth analysis of your investment composition, you can schedule a consultation here: https://bit.ly/3WTeMfw

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“In our view, investors should rationally consider the current landscape. Are markets correcting because they may have seen equity market gains come too far too fast? Or are markets falling because of true threats over economic conditions and the possibility of a global recession? We believe, the preponderance of evidence supports the former. The U.S. economy is currently moderating to more sustainable rates, but a near-term recession is not the most likely path ahead, in our view.”

– Russell Price, Ameriprise Chief Economist

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Is the Fed behind the curve? Get more expert insights by reading the latest Weekly Market Perspectives.

Are you prepared for market volatility?

Here are five tips for navigating the fluctuations.

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Investment markets don’t move in a straight line but through periods of gain and loss. Check out the latest insights from on today's market swings.

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Stock markets can be unpredictable in the short term.

See what has to say about today’s activity.

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Small cap company stocks don’t typically perform well under pressure but are faring well during the recent pullback. Prior to July 10th, large cap peers had overperformed by a large margin. .

“The economy is growing, which is a positive for corporate profits, which should be a positive for stock prices outside of some near-term volatility.”

- Anthony Saglimbene, Ameriprise Chief Market Strategist

Market rotation continues as investors eye big tech earnings, fed decision Get more expert insights by reading the latest Weekly Market Perspectives.

Have you ever wanted to be a little stealth in your inquiries?

Maybe while you are killing some time you could calculate a rough estimate of retirement income projections?

Well, now you can.

Take a moment and check out our Calculators!

This is a resource we want to make available to all of those in our network for their personal use...and if you find them valuable, maybe you'll share them with others.

Oh, and if you find them helpful in some way, be sure to let us know. We love the feedback.

Our calculators include: Retirment, Personal Finance, Education, and Tax.

And...Yes, I took this picture at Honeyman State Park in OR.

Sincerely,

Andrew D. Norman
Founder, Colibri Capital

- "For where you want to go in life!"

https://bit.ly/3LNhUUa

Relevance: What's most relevant?

We often say there are 4 "primary" variables when discussing retirement planning. They are: 1. When you retire (the actual date/age). 2. Standard of living (consider this lifestyle). 3. Investment Returns 4. How much you save.

These variables can have the largest impact overall...but there are MANY "sub-variables" like taxes, depletion orders, fees, major life events, etc.

What is most relevant to you? Well, that depends on where you are in your financial lifecycle.

What variable might have the biggest impact on your success? I haven't mentioned it yet...

In our view, it's defining goals...yes, believe it or not, the single greatest impact is "drawing a line in the sand", making a declaration...and committing to achievement.

In order to maximize your planning outcomes, get crystal clear on your goals.

We suggest starting with "baseline" goals...and then moving the needle once you start to gain clarity on what is possible.

Momentum builds excitement...once you have momentum in your favor, you establish an emotional connection to your goals, you might find an enthusiasm you never knew existed.

Sincerely,

Andrew D. Norman
Founder, Colibri Capital

We all have a destination! How are you going to get there?

- "For where you want to go in life!"

I can't help myself...

One week ago we kicked off our summer camping trip...our girls are turning out to be real road warriors. Maybe it's a sign. They LOVE camping...and they love our summer trips to the coast. This year we kicked things off in Coos Bay at Bay Point Landing before heading north to Honeyman State Park in OR.

I will admit, I love these trips too...

But you know what else I love...work. I love our business...I love our firm, I love our clients, and I love our people...and somehow, I no longer feel bad about allocating time while on holiday for work. Maybe it's a glimpse into "retirement".

Maybe I am addicted to work. Maybe I am obsessed with it. I have made peace with it. I don't feel guilty. I have assimilated work into my daily life and I do love it. So, why fight it?

Maybe I have created a work life I don't want to escape. Only time will tell...

I've allocated time for a morning or afternoon "sit" every business day since hitting the road...and candidly, it's refreshing.

I don't want to completely unplug...I have respect for those that DO want to fully check out from their day-to-day responsibilities of work...but I have discovered I am not in that camp...and what's most important to me now that I am in my 40's...I no longer feel guilty about it.

I do allocate time for reading before bed. I allocate time each day for some journaling before or after lunch...or when I complete my morning calls. I have been reflecting on our performance year to date and I have been making notes on how to be and become even more relevant to those we serve.

Sure, I will concede, it's a different kind of work while on the road. There is less pressure. The work is more creative and reflective in nature...but it's still extremely valuable and refreshing to me...and there is something about keeping up with things that helps me be more excited about ramping up when I return...rather than dreading the overwhelm that can come from completely checking out.

Anyhow, If you've found yourself working on holiday, don't feel bad about it. You are not alone.

-Andrew D. Norman
Founder, Colibri Capital

U.S. equities were down today.

What are the key points to consider?

Read this market commentary from .

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"There has been an important shift in the direction of market action over the last week or so and one where the underappreciated have suddenly sprung to life and are now exacting some revenge on the investors who have doubted (i.e., underweighted) their place within a portfolio.”

- Anthony Saglimbene, Ameriprise Chief Market Strategist

-"For where you want to go in life!"

A shift in market sentiment gives life to forgotten sectors Get more expert insights by reading the latest Weekly Market Perspectives.

There can be a lot of misleading noise out there about the state of the U.S. economy.

Don’t let it lead you astray when it comes to your investing decisions.

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Common economic myths — debunked Separate fact from fiction.

Curious which party in power will most impact the markets?

Historically, the stock market has been resilient.

Reach out to discuss ways we can prioritize your long-term investment strategies instead of short-term political events.

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Not all financial goals have the luxury of time.

With today’s higher interest rates, a short-term investment is an accessible place to park money for near-term goals...

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Tips on short-term investments Short-term investment strategies differ from long-term strategies. Review our investment tips to help you plan for a short investment time horizon.