RFG Advisory - Latest News & Updates

From our CIO | Election Eve

by: Rick Wedell
published: November, 07th 2016

By Rick Wedell, CIO

Market Update 11/7/16 – Election Eve


Hey Folks,

Markets are up over 2% on the day on the back of the FBI news over the weekend and the early Hispanic voter turnout numbers.  As for the former, essentially the FBI commented that after a review of the 650K emails, many of which were duplicates to what they had already reviewed, they were back in the same place that they were before – no criminal charges.  As to the latter, early Hispanic voter turnout has apparently been huge in key battleground states like North Carolina, Nevada, and Florida.  Assuming that they can help Hillary hold these states, and we are back to the “ideal” scenario for equities prior to the election – high probability of a Hillary win with Republican control of at least one house of congress.

A couple thoughts as we head into Tuesday.

First, go vote.  Our voter turnout in the 2014 mid-term election was approximately 36.4%, according to PBS, which was the lowest it had been in 70 years.  That’s kind of embarrassing.  Even though you may live in a state that is likely to overwhelmingly vote in one direction or another for the national races, the local races are also important. 

Second, according to Bloomberg, initial market returns in the first few days / weeks after the election are largely non-informative for what happens over the duration of a candidate’s term.  No one single person controls the economy.  There are influencers, to be sure, but economic cycles generally continue to work their course regardless of who is in charge.  If Hillary wins but the Republicans hold on to the House, we are likely to see a little bit of a rally.  If the Democrats sweep, or if Trump wins, we will likely see a risk off trade.  All else equal, it will take a couple of days to work through that volatility and then the market focus will turn back to the fundamentals, which actually have been relatively positive of late, subject to the 2200 ceiling on the S&P.  To the extent we continue to see the Hillary rally that we are seeing today, I would expect that pre-election enthusiasm to dampen any post-election rally.

I will have more on Wednesday after we have official results.

All the best,


Rick Wedell is neither affiliated with nor endorsed by LPL Financial.



The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.  No strategy assures success or protects against loss. Investing involves risk including loss of principal.

The Standard & Poor’s 500 Index is a capitalization weighted index of 500 stocks designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries. The Dow Jones Industrial Average is comprised of 30 stocks that are major factors in their industries and widely held by individuals and institutional investors.

Garrett Keyes of Financial Advisor IQ features Bobby White, CEO and founder of RFG Advisory in an article detailing the firm's latest business decision to change broker-dealers.

Toby Salinger from Financial Planning interviews Bobby White, chairman and CEO of RFG Advisory, about the firm's broker-dealer change that is aligned with their level of growth and embraces the hybrid model. "We feel that our potential is unlimited at thi

WealthManagment.com highlights RFG Advisory news of the firm's broker-dealer change in the outlet's daily brief. The decision comes in order to expand service offers to its 38 independent advisors.

RFG Advisory is featured in InvestmentNews for the firm's recent broker-dealer change to propel its growth. The article highlights that this change, "Will allow us to streamline our process for client and operational support," according to the release.

RFG Advisory Repositions with RIA-Friendly Broker-Dealer to Support Growth Goals

Renee Morad from Forbes features Shannon Spotswood, president of RFG Advisory, in an article detailing how her creative break from the financial space prepared her for her current C-Suite role.

Michael Foster of Kiplinger includes Rick Wedell, CIO of RFG Advisory, in his article discussing funds that can provide income during a volatile market.

Shannon Spotswood, president of RFG Advisory, is featured in Jamie Green's ThinkAdvisor article about how the firm is disrupting the RIA space and leveraging technology.

Forbes reporter JJ Kinahan includes insight from Rick Wedell, CIO at RFG Advisory, which he discussed during a previous TD Ameritrade Network appearance.

Rick Wedell, CIO of RFG Advisory, appears on TD Ameritrade Network alongside host Oliver Renick to discuss the latest in the market headlines.

Shannon Spotswood, president of RFG Advisory, appears with RIA Channel's Julie Cooling to discuss how the firm partners with advisors for growth and optimized practice management.

The Wall Street Journal features Rick Wedell, CIO of RFG Advisory Group. "U.S. Stocks Wobble as Investors Parse Corporate Results,"

Rick Wedell, CIO at RFG Advisory, appears on TD Ameritrade Network's "Morning Trade Live"

April 3, 2018 RFG Advisory Investment Team Weekly Commentary

Shannon Spotswood is Interviewed on "How to Start a Career that ends in the C-Suite"

RFG Advisory CEO, Bobby White sheds light on the continued concept of being a "fiduciary" given the news of voiding the DOL fiduciary rule.

RFG Advisory's Chief Investment Officer, Rick Wedell featured in U.S. News and World Report

March 6, 2018 RFG Advisory Investment Team Weekly Commentary

Advisor News author Brian O'Connell quotes RFG Advisory CIO Rick Wedell "Pay no heed to February stock market swoon, analysts say"

RFG Advisory President Shannon Spotswood featured in the Wall Street Journal "Servicing Clients by Empowering and Training Advisors"

Rick Wedell, CIO of RFG Advisory Group, is featured on a TD Ameritrade Network segment discussing market outlook amid earnings season

From our Investment Team | Weekly Commentary 2.12.18

From RFG Advisor, Tommy Williams | The Efficiencey of a Circular Economy

From our CIO | Quick Market Update 2.5.18

From our Investment Team | Weekly Commentary 2.5.18