Wow, where has the year gone? We are 30 days away from the election and going through our year end checklists.

Cash has had a great run, but the juicy yields we’ve gotten used to on everything from CDs to money market funds won’t stick around much longer. Whether they cut rates in September or early next year we believe cuts are coming relatively soon.

Last October, investors were selling at the lows and piling into US Treasury bills. While they were earning 5% safely on their money, the stock market quietly surprised everyone by rising more than +25% over that same period.