May 2024 Newsletter


May 9

Sip & Secure Event

May 12

Mother's Day

May 18

Branch Office Shred Event

May 27

Memorial Day

US markets are closed to mark the holiday, as is our office.

Join Ryan and our team at the upcoming Sip & Secure event Thursday, May 9, at 1781 Club in Finleyville, PA.

The event will feature local experts for a Happy Hour and engaging discussion surrounding the topics of wealth management, estate documents and real estate planning.

Click here to register to attend!

Quick Hits

Our branch will host another Shred Event and Food Drive on Saturday, May 18. The event will run from 9:00 am to 1:00 pm at our office. All donations will be given to the Greater Washington County Food Bank.

Contact our team today to RSVP!

Our team is looking forward to our ninth year participating in the annual Pittsburgh Melanoma Foundation 5k Run/Walk. This year's race is scheduled for Saturday, June 15, at South Park.

Thanks to everyone committed to join us already!

There's still time to sign up - click here to register today. Make sure to join our team - "The McNamara Investment Group" - during sign up and we'll see you there!

Don't miss out on the replay of our recent Virtual Event. Retired FBI Special Agent Jeff Lanza shared his simple tricks for staying safe in the virtual world. It's always a worthwhile topic and presentation.

Click here to watch the replay of the discussion. You also can download Jeff's "cheat sheet" by clicking here.


Turns out plenty of eyes are still glued to the housing market as spring is in full swing. Sadly...

Shelter costs continued to fuel a sticky inflation report, this time aided by energy costs, as the latest CPI report came in hotter than expected. The result was a more volatile market and a spike in treasury yields. Retail sales doubled the consensus estimated increase in March, while the latest run of Industrial Production saw a boost thanks to manufacturing.

Later in the month, the initial run of Q1 GDP showed an annual increase of 1.6%, well below industry estimates. The Fed's seemingly favorite inflation measure - the personal consumption expenditures price index - also posted a hot figure for March.

As expected, the Federal Reserve kicked off May with news it would not change rates at this time, maintaining the current 5.25%-5.5% range that we've seen for almost a year now (since July 2023). Market estimates, which at one point called for upwards of six rate cuts this year, now show the most likely scenario as one cut in the fourth quarter. (Source: CNBC)

Did You Know?

May 9 marks the 150th birthday of a man whose name most of us have never heard, yet his contribution to the world is timeless.

Born in 1874, Howard Carter discovered King Tut's tomb in 1922, ending a search that lasted nearly seven years.

He'd spend the next ten years cataloguing everything he found, a sum of more than 5,000 items.


The McNamara Investment Group | Janney

The McNamara Investment Group | Facebook

Dennis McNamara | LinkedIn

Ryan McNamara | LinkedIn

Dan Wolfgang | LinkedIn

Video Library | The McNamara Investment Group

REGISTER: Sip & Secure Event | Zacharia Brown

5k Run/Walk Registration | Pittsburgh Melanoma Foundation

REPLAY: 2024 Cybersecurity Virtual Event | Janney

Simple Safeguards Handout | Jeff Lanza

Consumer Prices Rose 3.5%, More Than Expected | CNBC

Retail Sales Jumped 0.7% in March | CNBC

US Industrial Production Rises for Second Month | CNBC TV 18

GDP Growth Slowed to 1.6% rate in First Quarter | CNBC

Fed Keeps Rates Steady as It Notes Lack of Progress | CNBC

The Discovery of King Tut's Tomb | JSTOR

Disclaimer: This is being provided solely for informational and illustrative purposes, is not an offer to sell or a solicitation of an offer to buy the securities highlighted. The factual information given herein is taken from sources that we believe to be reliable, but is not guaranteed as to accuracy or completeness. Opinions expressed are subject to change without notice and do not take into account the particular investment objectives, financial situation or needs of individual investors. Past performance is not an indication of future results. Employees of Janney Montgomery Scott LLC or its affiliates may, at times, release written or oral commentary, technical analysis or trading strategies that differ from the opinions expressed here.
Thank you for your continued trust.
We truly appreciate the opportunity to guide you in your financial matters.
The McNamara Investment Group
Email our team | Ph: (724) 743-3301 | Text: (724) 888-5684

© Janney Montgomery Scott LLC