Broker Check

McKay Wealth Management - Did You Know?

September 01, 2021


Economic Update September 2021

Please join us for our ongoing updates on the economy with Rachael Crane from City National Rochdale.  Rachael and Lindsey will discuss the 3 quarters of 2021 and our continued recovery from the Pandemic.

Sep 13, 2021 02:00 PM - Pacific Time (US and Canada).


Get your digital front-row seat to an exclusive discussion with heroes of September 11 in a tribute event showcasing personal stories of strength and resiliency.

This 20-year anniversary serves as a reminder of our resiliency as a nation, and how we come together during difficult times.  Hear from the mother of a hero who made the ultimate sacrifice, a lieutenant colonel who supported our nation’s leaders, and “The Singing Policeman” who witnessed the destruction of both towers.  Cetera’s Chief Investment Officer, Gene Goldman, will take you and your guests IN THE ROOM as stories are shared from the presidential bunker, the upper floors of the World Trade Center, and the first responders’ police radio channel.  Plus, Gene will share insights for staying resilient when living in a world of unpredictability.

September 9, 2021 - 11 a.m. PT / 2 p.m. ET



Are you having a tough time keeping track of inflation's mixed signals?  You’re not alone.

Consumer prices in July climbed at their fastest rate since August 2008.  Worse, producer prices, which can be an indicator of future price changes at the consumer level, rose at the highest rate since tracking began.

However, in recent weeks, the stock market has shrugged off the inflation news, believing that the worst is over and rising prices will moderate in the future.

It’s important to remember that the stock market is a discounting mechanism, which means it’s always looking forward. Put another way, the stock market’s price today represents all available information about current and future events.  How far forward is the stock market looking?  Most would agree it’s “discounting” activity six to nine months into the future.2

Does that mean inflation will be lower in six to nine months?  That’s what the stock market is suggesting.  But the stock market also has a less-than-perfect record as a discounting mechanism, largely because the future is somewhat unknowable.2

Inflation is just one factor to consider when making adjustments to a portfolio.  But if you’re unsure, thanks to the mixed messaging I've seen lately, please reach out.  We’d welcome the chance to hear your perspective.

1. CNBC, August 11, 2021

2., April 28, 2021

The first Labor Day was celebrated over 100 years ago, created by the labor movement as a day to honor the achievements and contributions (both social and economic) of American workers.

I’ve always found the way we celebrate to be rather interesting …

We celebrate Memorial Day by remembering, celebrate Arbor Day by planting trees, and celebrate Thanksgiving by giving thanks. Labor Day might just be the only National Holiday we celebrate by doing the exact opposite of that which we’re honoring! But really, what better way to celebrate hard work than by taking a well-deserved day off?

As the summer breezes begin to cool, I wish you and your family a safe and happy Labor Day!


After retiring in 2015, Mark and Mary Anne Friedrich spend most of their time participating in various outdoor activities and with family.  The outdoor activities they enjoy together include hiking, kayaking/paddle boarding, snowshoeing/skiing.  Mark enjoys fly fishing, golf, and mountain biking while Mary Anne enjoys pickleball and water aerobics.

Like many of our clients, they try to spend as much time as possible with their two granddaughters Maile and Blake.