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This is our weekly Market Alert video for the week ended July 2, 2021. And boy, this year is already half over! But more importantly, it is the Fourth of July weekend, and I want to wish all of you a very happy Fourth of July. I hope you’ll stay safe. And I hope that this is a day, at least one day this year that we can all rally behind our flag and be patriotic together and set our politics aside. So I hope that will happen to on July 4. And I wish you all the best.  

Last week, we got jobs numbers and the jobs numbers continue to improve more people are going back to work. And as you guys know, there are two numbers that I look at that we look at when it comes to how we view the recovery and the economy. The first one being the unemployment rate, of course. But the unemployment rate is just a percentage of people who are looking for a job that cannot find one. So if you’re looking for a job, and you can’t find one, you’re considered unemployed.  

But there’s also a whole group of people who are not looking for a job, and therefore they’re not considered unemployed—even though they’re not working. That number is called the labor participation rate. And that’s actually the number that we look at more carefully than we do the actual unemployment rate. So even though the unemployment rate is improving, the labor participation rate right now is a little over 61 percent. So what that means is that 39 percent of all the people in this country who are of working age do not have a job.  

What this tells us is that there’s a lot of people that have not gone back to work yet. The stimulus is still keeping them, you know, getting their bills paid. And they’re smart, you know, if they can make ends meet without having to go back to work, why wouldn’t they? We think that that’ll change and people start going back to work. Once that happens, then we’ll start seeing larger profits for companies and profits tend to lead to higher stock prices.  

We think we’re headed for a continued rise in the market and this is still a buying opportunity, despite the fact that I think we’ve had three new all-time highs since the last time we spoke a week ago. So I encourage those of you to think about investing. And if you don’t, make sure you talk with your retirement planner about the best way to do that, and we’d be glad to help you.  

As always, we have our Invest and Protect Strategy™ ready to be implemented in the case of the market suddenly turning. That always is in our front of view mirror. We’’re always looking for that Bear Market and where you could be harmed financially. And we always want to protect you from that. We want to worry about all this stuff so that you don’t have to! 

We wish you all the best on this Fourth of July! By the way, our radio show is podcasted, so I encourage you to subscribe to it on iTunes, or listen to it on our website at If you subscribe to the podcast, you can listen to it whenever you’d like. Also, make sure you share this video with your friends and family on Facebook and all your other social media. Thank you for watching this, and we’ll talk soon! 

MMWKM Advisors, LLC (d/b/a Retirement Planners of America ) (“Retirement Planners of America”) is an SEC registered investment adviser with a primary business location in Plano, Texas. Past performance may not be indicative of future results. All investment strategies have the potential for profit or loss. References to the “invest and protect strategy” (the “Strategy”) and recommendations made under the Strategy from 2007 through 2009 refer to strategies collectively employed and recommendations collectively made by Retirement Planners of America’s principals while employed at Eagle Strategies, LLC., and also at Cambridge Investment Research Advisors, Inc. Four of the five principals remain as principals today, including the Retirement Planners of America’s founder, Ken Moraif, and Chief Investment Officer, Eli Dragon. Retirement Planners of America has been employing the Strategy since its inception in 2011. Therefore, any references to Retirement Planners of America’s performance or its investment advisory recommendations predating 2011 generally refer to recommendations made by Retirement Planners of America’s principals at the respective other firms described above. Like all investment strategies, the Strategy is not guaranteed. It is possible that it can incorrectly predict a bear market (generally accepted as a 20% drop in a market index), which has, in-fact, happened before at Retirement Planners of America and affected its clients accordingly. When the sell / “protect” portion of the Strategy is implemented, affected investors will incur transaction costs and taxable accounts will incur tax consequences. However, when implementing that portion of the Strategy, Retirement Planners of America generally believes that the benefit of avoiding bear markets outweighs the burden of these transaction costs and tax consequences.