Linkedin Social_youtube Facebook Instagram
START HERE

Market Watch: Jobs Beat Estimates, Wage Inflation Retreats, Israel Invasion and Oil Surge, Speaker McCarthy’s Exit

  • Home
  • Market Recaps
  • Market Watch: Jobs Beat Estimates, Wage Inflation Retreats, Israel Invasion and Oil Surge, Speaker McCarthy’s Exit
Empty places with microphones for business people during international conference

Market Watch: Jobs Beat Estimates, Wage Inflation Retreats, Israel Invasion and Oil Surge, Speaker McCarthy’s Exit

SPY
S&P 500

Last Week: .48%
YTD: 13.58%
1 Year: 13.90%

DIA

Dow Jones Industrial Average

Last Week: -.25%
YTD: 2.36%
1 Year: 13.90%

ONEQ
NASDAQ

Last Week: 1.70%
YTD: 29.80%
1 Year: 22.79% 

Russell 2000

Month: -2.12%
YTD: .33%
1 Year: 1.16% 

Large Growth

YTD: 27.25%
1 Year: 28.60% 

*As of 9/30/2023

Large Value

YTD: 3.53%
1 Year: 19.68% 

*As of 9/30/2023

Jobs and Wage Inflation

Non-farm payroll added 336,000 jobs in September, well above expectations. The market did not react well to this news. However, as we later saw, wage inflation cooled off, posting its smallest increase since June 2021. Hourly income rose just 0.2%. The digestion of this news resulted in a market rally. These mixed signals further point to the issue the Fed has trying to get inflation under control while trying to lead the US to a “soft landing”.

Israel Under Attack

Militant group Hamas staged an invasion of Israel over the weekend. Israel nor Palestine are major players in global energy resources, but they are both located in a key region for oil production. Oil futures are up over 3% as of Monday morning. OPEC also raised their long-term oil demand outlook, which contradicts the International Energy Agency (IEA), stating last month that we are now at the beginning of the end of the fossil fuel era.

House Speaker Ousted

Republican House Speaker, Kevin McCarthy, was removed last week in a historic movement. Lawmakers are under pressure to elect a new speaker quickly amid the crisis in Israel. The House cannot pass legislation without a speaker. The Biden administration is putting pressure on the House to elect a new speaker to help approve additional aid to Israel.

  • Alex is a Certified Financial Planner™. He brings nearly a decade of experience working with individuals, families, and business owners. Prior to working for Base Wealth Management, Alex worked for Fidelity Investments and an independent wealth management firm in Venice, FL. Through many years of practice, he specializes in helping clients navigate their financial goals through comprehensive financial planning. He received his bachelor’s degree in economics from Texas A&M University.

    View all posts

LATEST EPISODES

LATEST FINANCIAL VIDEOS

Base Wealth Management is a fee-based financial planning firm that puts client interests first and offers total transparency with fees, services and philosophies.

Headquarters

7301 Merchant Ct
Lakewood Ranch, FL 34240
(941) 203-6040

Email Us

info@BaseWealthManagement.com

Disclosures

BASE WEALTH MANAGEMENT is able to offer advisory services in all 50 states. Base Wealth Management renders individualized responses to persons in a particular state only after complying with the applicable SEC and state regulatory requirements, or pursuant to applicable exemptions or exclusions.

Different types of investments involve varying degrees of risk including the potential loss of the entire principal invested. Past performance is no guarantee of future results and there can be no assurance that any specific investment will be profitable. There are also no assurances that any portfolio will match or outperform a particular benchmark or index.

BASE WEALTH MANAGEMENT does not represent, warranty, or imply that the services or methods of analysis employed by the firm can or will successfully identify market tops or bottoms, or insulate clients from losses due to market corrections or declines.

BASE WEALTH MANAGEMENT will provide all prospective clients with a copy of our current (“Brochure” and “Brochure Supplement”) prior to commencing an Advisory relationship. Existing clients will receive a copy of these documents on an annual basis.

Click here for our latest Client Relationship Summary Document.

Click here for a list of full disclosures.

Click here to view our Privacy Policy.

If you have any questions regarding Compliance and Regulatory information, please Contact Us.

https://adviserinfo.sec.gov

© Copyright 2025.
Crafted by VOOV Advisor Consulting.
Linkedin Facebook Youtube Twitter Tiktok Instagram

Schedule a Consultation

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Register for our Open House event!

2022 Tax Document Information

As a Base Wealth Management client, you should receive your paper tax documents via mail in the coming weeks. Or, if you previously had an online account with Pershing’s NetX360, you should be able to access your 2022 tax documents through that portal. 

If not, or if you experience any issues, please reach out to Tim O’Brien (tim.obrien@intervestintl.com).

Get a FREE Solo 401(K) Guide

Simply submit your name and email to receive a PDF straight to your inbox.

"*" indicates required fields

Name*
This field is for validation purposes and should be left unchanged.
 *We protect your data and HATE spam.
 

Get a FREE Roth 457 Guide!

Simply submit your name and email to receive a PDF straight to your inbox.

"*" indicates required fields

Name*
This field is for validation purposes and should be left unchanged.
 *We protect your data and HATE spam.
 

Get a FREE Roth 401(K) Guide

Simply submit your name and email to receive a PDF straight to your inbox.

"*" indicates required fields

Name*
This field is for validation purposes and should be left unchanged.
 *We protect your data and HATE spam.
 

Get a FREE Solo 401(K) 2-Pager for FireFighters

Simply submit your name and email to receive a PDF straight to your inbox.

"*" indicates required fields

Name*
This field is for validation purposes and should be left unchanged.
 *We protect your data and HATE spam.
 

Get a FREE copy of Divorce the IRS

If you would like to request a physical copy of Divorce the IRS, please fill out the form below.

"*" indicates required fields

Name*
Address*
This field is for validation purposes and should be left unchanged.
 *This book is most suitable for households with $250K or more in investable assets.
 

OOPS!

You’ve stumbled across an element that isn’t quite ready for the web yet. We’re working on a lot of new features so stay tuned.

-The Base Wealth Team

Choose your advisor

Dan DiLascia

Sean Koscho

Kyle
Howell

Josh Pisa, CPA

Josh
Pisa