Moore Financial Solutions 2nd Quarter 2024

Tyler Moore • July 19, 2024

The party continues through the second quarter of 2024, as the S&P 500 rises another 3.92%, not including dividends (1). After a fruitful 2023, where the S&P 500 climbed 24.23%, coupled with a surprising Q1 of 2024 where it ran up another 10.158%, we felt like it would be a victory just to maintain those levels for the second quarter (2). However, the strong buying momentum of the U.S. stock market continued, as consumers remained strong despite the Federal Reserve’s policies to slow the economy with higher-than-normal interest rates. Join us as we review the financial impacts of the last quarter and discuss our forecasts for the rest of the year.


Interest rates increased slightly within the second quarter, illustrated by the United States 10-year Treasury Note moving up from 4.205% to 4.402% (3). Though the Federal Reserve did not increase their rates, the treasury yields that are priced based upon supply and demand moved higher. This remains troubling for bond investors. Additionally, the largest Moore Financial Solutions’ fixed income holding, the iShares 20+ Year Treasury Bond ETF (TLT) moved lower for the quarter. This approximately 3% downward move from $94.62 to $91.78 decreases the total return on a balanced portfolio (4). Many Moore F.S. investors that are near their goal, such as retirement, cushion the volatility of stocks with these bonds. In a quarter where bonds moved three percent lower in value, a balanced investor (holding stocks and bonds) likely didn’t feel much of the stock market party we mentioned. We feel this interest rate increase occurred because of the continual theme that rate cuts from the Federal Reserve have been pushed farther down the road. It seems Jerome Powell is putting more weight on the risk of cutting rates too soon, and not fully beating inflation, as opposed to cutting rates too late and the economy being weighed down from rates being too high for too long. Moore F.S. has remained committed to only using fixed income and bonds

when necessary. We believe investors with long time horizons and the ability to tolerate stock market volatility should remain fully allocated to stocks, which historically have provided a higher return, although we can make no guarantees for their future performance or that they can’t lose money. For investors using fixed income, our investment strategy (when appropriate) is to diversify their fixed income holdings with longer duration bond holdings, like the TLT mentioned above, and shorter duration treasury bills. We believe longer duration treasuries will gain value when Jerome Powell finally cuts interest rates. We currently expect that rate cut to occur during the

fourth quarter of this year, or slightly sooner. We feel Jerome Powell isn’t comfortable with zero rate reductions for 2024.


If you’re anything like us, May 16th of 2024 was a special day, we were finally able to wear our Dow 40k hats as the Dow Jones Industrial Average reached record high levels of 40,000 points. The recent stock market performance has been so productive that it only took 873 days to move from 30,000 points to 40,000 points (5). Our purpose of reflecting on these numbers is to advocate to readers of the potential to build wealth in the stock market. Additionally, we don’t particularly care for the Dow Jones Industrial Average as a benchmark as it is only comprised of 30 companies, compared to the S&P 500 holding 500 companies. However, we feel that the perspective of the stock market’s long-term ability to potentially create gains can be illustrated by comparing Dow Jones values at various times. Only about four years ago with the Covid-19 stock market scare, the Dow traded at about 20,704 in the week of March 24th, 2020, signifying a near doubling of the index since then (6). When I began my career as a financial professional with First Investors in the week of July 19th, 2012, the index traded near 12,943, seeing a better than tripling effect from then to now (7). In response to the Great Financial Crisis of ’08-’09

the Dow traded at only 6,875 in the week of March 4th, 2009 (8). It is because of these prices on these dates that we feel the stock market offers the ability to potentially ride out ups and downs and build wealth long term. To use the example of the Covid-19 scare, Moore F.S. was continually reminding clients that we believed they should stay put in equities, as opposed to the emotional reaction many investors had to sell and move to cash. We believe there is significance in reaching these emotional values so rapidly and, as we have mentioned in recent quarterly reviews, we believe confidence in markets remains at near record high levels and is increasing. To use the analogy of

climbing a mountain from 20,704ft. to 40,000ft., take a moment and look around and be proud of your accomplishment.


If you’re new to Moore F.S. you might not be entirely aware of our strategy as it relates to investment holdings. Our aim is to keep your investment holdings’ costs very low, and not, for example try to generate revenue on another 1% mutual fund charge. Instead of higher cost mutual funds, Moore F.S. strives to use exchange traded funds, such as our largest holdings the iShares Core S&P 500 ETF by Blackrock (ticker IVV). This funds’ expense ratio is only .03% (9). To take that one step farther Moore F.S. uses single stocks (no expense

ratio) if the situation is appropriate and allows. In March, Moore F.S. added the position of Natural Grocers (NGVC) to nearly all our managed accounts in optimism of the company’s position moving forward. NGVC moved higher in Q2 to close June 28th, 2024, at $21.20 (10). We feel strongly about the future growth potential of NGVC, particularly their ability to grow their own line of products and price them accurately and with competitive advantage. Sadly, our largest single stock holding, Builders First Source Inc. (BLDR) moved approximately 33.63% lower in the second quarter (11). If you’ve been around a while you remember Moore F.S. began buying the

BLDR in the mid to low 40’s back in 2021 and have continued to buy at virtually all levels. This movement lower in the BLDR creates even more reasons to hold the stock in our opinion, as the P/E ratio has dipped below 12 (12). We feel that the Federal Reserve not having the ability to print more houses signifies great opportunities in the BLDR. Moreover, traders seem to have been overly cruel to the BLDR, weighing higher interest rates and a hunger for short-term gains in other areas of the market, such as technology.


With this quarter seeing the broad stock market at higher levels than last quarter, all eyes remain on the Federal Reserve Chairman Jerome Powell. Traders hope that he will hint at whether rate cuts will begin in the third or fourth quarter of the year, with very few expecting that rate cut to come in 2025. My goal remains to manage every account as your advisor in a unique way and ultimately not be setting up portfolios to “need” rate cuts urgently. With an election year, the expectation of market volatility is high, and I personally encourage you to give me a call if you would like to discuss my strategy for your account or have someone you care about that you’d like

to refer to the firm. To use the analogy given above, I’m proud to stand here at 40,000ft and it is with great pride to be your trusted partner when it relates to your valuable goals.

Did you know? Moore Financial Solutions offers unique/custom-built insurance solutions. Does anything keep you up at night that we could help fix? If so give us a call and we’ll help find you the best policy rates and options as we shop the open market of providers, all while offering our zero-pressure sales process. This includes Life Insurance, Disability Income Insurance, and Long-Term Care Insurance. Let’s review your policy and search for Moore Solutions today!


1. https://finance.yahoo.com/quote/%5EGSPC/history/

2. https://finance.yahoo.com/quote/%5EGSPC/history/

3. https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx&mod=home-page

4. https://www.marketwatch.com/investing/fund/tlt/charts?mod=mw_quote_advanced

5. https://www.marketwatch.com/investing/index/djia

6. https://www.marketwatch.com/investing/index/djia

7. https://www.marketwatch.com/investing/index/djia

8. https://www.marketwatch.com/investing/index/djia

9. https://www.marketwatch.com/investing/fund/ivv/charts?mod=mw_quote_advanced

10. https://www.marketwatch.com/investing/stock/ngvc/charts?mod=mw_quote_advanced

11. https://www.marketwatch.com/investing/stock/bldr/charts?mod=mw_quote_advanced

12. https://www.marketwatch.com/investing/stock/bldr/charts?mod=mw_quote_advanced


This material has been prepared for information and educational purposes and should not be construed as a solicitation for the purchase or sale of any investment. The content is developed from sources believed to be reliable. This information is not intended to be investment, legal or tax advice. Investing involves risk, including the loss of principal. No investment strategy can guarantee a profit or protect against loss in a

period of declining values. Past performance may not be used to predict future results. Investment advisory services offered by duly registered

individuals on behalf of CreativeOne Wealth, LLC a Registered Investment Adviser. CreativeOne Wealth, LLC and Moore Financial Solutions

are unaffiliated entities. Licensed Insurance Professional. Insurance product guarantees are backed by the financial strength and claims-paying

ability of the issuing company.

Moore Financial Solutions 1st Quarter 2026

By Tyler Moore • April 9, 2026
The past 35 days have humbled investors as we witnessed the S&P 500 lose approximately 6% from February 25th into the quarter's close. The S&P 500 finished the entire quarter 4.6% lower, which represents the first losing quarter since Q1 of last year, in which the S&P 500 lost about 4.59%. Much like an emotional play or movie, the market offered three scenes of varying benefit to investor portfolios. Scene one was brief but fruitful. In these first 12 days of the year the S&P 500 rose about 1.92%. Scene two left investors leaning on the emotional lessons learned from 2025's market downturn, with the S&P 500 moving about 9% lower from day 13 of the year until March 30th. Scene three flashed quickly and only represented one day. On this last day of the quarter, the S&P 500 meaningfully rose about 2.9% in an effort to heal a portion of the quarter's losses. I believe, based upon my nearly 14 years of money management, that stock market history doesn't repeat itself, but it does rhyme. Though I'm not predicting a positive year for the S&P 500 (and admittedly not in the business of making such predictions) this year's chart for the broad stock market looks somewhat like last year's. Those first quarter '25 stumbles were later looked at as a massive buying opportunity, symbolizing the power of "buy and hold" as it relates to stocks. Only time will tell if these stock market worries are warranted and if there will be continued damage to stock portfolios because of the conflict in Iran. Additionally, the market is eyeing oil price increases, interest rate increases, various geopolitical risks, and the additional unforeseen risks on the horizon. Or are stock market investors currently pricing in many areas of worry, all of which will subside in the coming weeks? Dive into the quarter's review in which I attempt to illustrate investing through my eyes, discuss quarterly geopolitical events, and speak to market moving factors of Q1 and investor emotions as a result. Use this tool to educate yourself and reduce worry or fear as it relates to investing.

Moore Financial Solutions 4th Quarter 2025

By Tyler Moore • January 21, 2026
As 2025 ends, we joyfully review another positive quarter for the S&P 500, with it logging about a 2.3% gain, plus dividends (1). Much like a banked 3-pointer in a game of basketball, we won’t complain about scoring points, even though it may not have looked pretty, with extreme volatility near April (and again seven companies creating a large portion of gains.) Realistically, the annual return of 16.39% on the S&P 500 for the year is great, especially when it follows 24% and 23% returns the prior two years (2).However, we take exception to the continual heavy lifting done by the “Mag 7” (Google/Alphabet, Nvidia, Microsoft, Tesla, Meta/Facebook, Apple, and Amazon) as they now make up nearly 35% of the S&P 500. The other 493 stocks making up the S&P 500 represent the other approximately 65% of the index and only returned approximately 10% for the year. I will discuss much more on this and how Moore F.S. has attempted to mitigate some of this Mag 7 risk. Additionally, we’ll discuss interest rate movements along the yield curve, the Federal Reserve, and share our most recent trade and strategy for 2026. More than likely “Mag 7” is a phrase you’ve heard of. Naturally, some of you have not heard of the financial term Mag 7, so perhaps the only thing coming to mind is the 1960 movie The Magnificent Seven. In today’s world Mag 7, as mentioned above, refers to some of our largest publicly traded companies in the United States. Not by coincidence, each of these companies are all using Artificial Intelligence (A.I.) in some way. This ranges from Microsoft being extremely involved, Nvidia the A.I. hardware backbone, to Tesla using moderate adoption for self-driving. Our view is that the recent run up in big tech likely is merited, with J.P. Morgan recently offering, “the advent of generative AI is a seminal moment in tech, more so than the Internet or the iPhone (3).” With some offering such a bullish viewpoint on the Mag 7 we do not fear investing in it for the appropriate client. But, with the Mag 7 having about a 29 price to earnings ratio (read MFS Q1 ’24 review to learn more about how we use P/E ratios) and the other 493 stocks that make up the index having a P/E ratio of only about 20, we believe the time has come to reduce our exposure to Mag 7 holdings. We consider it our foremost goal to balance risk. By taking a risk/reward analysis approach, we believe the value is in the 493, but we are not abandoning the Mag 7 holdings.
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