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Louis A. Gardner, President of Gardner Brown Associates Inc., has been in the Financial Services industry for over 30 years. Over the span of his career he has served as an Executive with three major insurance carriers.

Gardner Brown & Associates, Inc was started in 2008 with the objective to allow our firm to work directly with individual and corporate clients in the vast area of financial advisement.

Louis has been named one of the nation's Best Advisors by Medical Economics due to his vast knowledge and expertise in the area of financial advisement. Gardner Brown Associates is able to assist  corporate clients in devising executive, core and voluntary benefits and individual clients in all areas of financial matters.

From tackling personal decisions to reaching important milestones, Gardner Brown Associates, Inc. guides you on the path to financial success. As a professional financial planning firm, Gardner Brown Associates, Inc. guarantees optimal results based on your specific needs. We are fueled by our commitment to excellence and go the extra mile to make sure our clients are fully satisfied with the services provided. Get in touch with us today for a free financial advisement consultation.

Securities offered through Lion Street Financial, LLC, member FINRA, SIPC. Investment advisory products and services offered through Lion Street Advisors, LLC, an investment advisor registered with the SEC. Lion Street Financial, LLC and Lion Street Advisors, LLC are affiliated companies but neither is affiliated with Gardner Brown Associates, Inc. Neither of these companies provide tax or legal advice. Representatives may transact business, which includes offering products and services and/or responding to inquiries, only in state(s) in which they are properly registered and/or licensed. Not all of the services referenced on this site are available in every state and through every advisor listed.

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Lion Street Advisors

Check the background of this investment professional on FINRA's BrokerCheck.

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Our clients are our number one priority, and we go the extra mile to make sure they’re completely satisfied with our service. Whether individual or corporate clients, we will review current insurance and investment holdings and provide explanations of current holdings in a manner which is understandable.

Analysing the Data


Gardner Brown Associates, Inc. aims to collect, analyze, and solve your financial advisement needs. After we collect your current holdings data and analyze your information we are able to present customized solutions to assist you in reaching your financial goals.

Analysing the Numbers


Many clients know what they want to achieve in 5, 10 or 20 years financially but they are not sure how to get there. At Gardner Brown Associates, Inc. we listen to your financial wants and needs and help develop a specific plan on how to achieve those goals.


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Mon - Fri: 7am - 6pm (PST)

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Rising bond yields, geopolitical tensions, sticky inflation, and mixed earnings reports combined to push stocks lower last month.

The Dow Jones Industrial Average fell 1.36 percent while the Standard & Poor’s 500 Index surrendered 2.20 percent. The Nasdaq Composite dropped 2.78 percent.1

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US Markets

Rising bond yields, geopolitical tensions, sticky inflation, and mixed earnings reports combined to push stocks lower last month.

The Dow Jones Industrial Average fell 1.36 percent while the Standard & Poor’s 500 Index surrendered 2.20 percent. The Nasdaq Composite dropped 2.78 percent.1

Rising Bond Yields

Of the multiple headwinds that stocks battled last month, no two were stronger than rising bond yields and a fear of higher yields to come. Strong economic data throughout the month heightened fears that the Fed may raise rates further to cool the economy.

Inflation Updates

The inflation data last month didn’t help investor sentiment. Wholesale and consumer prices rose more than expected, which added to investor worry. The 10-year Treasury bond yield broke above 5.0 percent for the first time since 2007 and hovered near its 15-year high for the remainder of the month.2

No Relief From Earnings

After a difficult September, investors were eyeing the third-quarter earnings season to help lift a sluggish stock market. However, it didn’t happen as earnings proved mixed.

Through October 27, with 49 percent of the companies in the Standard & Poor’s 500 index reporting, 78 percent reported a positive earnings surprise.3

However, investors were disappointed by the decline in year-over-year net profit margins and discouraged by the forward guidance provided by reporting companies. The cautious guidance was largely attributed to current uncertainties, notably the potential widening of hostilities in the Middle East.4

A two-day rally at the month end was welcomed but unable to erase the month’s losses.

Sector Scorecard 

Most industry sectors ended lower in October, including Communications Services (-1.30 percent), Consumer Discretionary (-5.52 percent), Consumer Staples (-1.38 percent), Energy (-5.75 percent), Financials (-2.44 percent) Health Care (-3.26 percent), Industrials (-2.98 percent), Materials (-3.17 percent), and Real Estate (-2.85 percent). The only sectors with a gain in October were Technology (+0.05 percent) and Utilities (+1.29 percent).5

What Investors May Be Talking About in December

As we move into the holiday shopping season, investors may be looking for early indications of just how strong the consumer is by gauging holiday shopping levels.

But what may cloud the holiday spending analysis is the growing trend of consumers beginning their holiday shopping in October or earlier to spread out the cost.

Holiday Shopping Trends

According to the National Retail Federation, 39 percent of consumers will begin their holiday shopping in November and nine percent will commence shopping in December. The others start their holiday shopping in October or earlier. However, Black Friday and Cyber Monday remain very strong days for holiday purchases.6

Keep these shopping trends in mind when you see consumer spending reports during the holiday season.

Discussing the Numbers
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World Markets

The MSCI-EAFE Index fell 4.10 percent in October amid weak economic data in Europe and China with interest rate uncertainty contributing to the selling pressure.7

European stocks retreated, with declines experienced in France (-3.50 percent), Germany (-3.75 percent), Italy (-1.78 percent), Spain (-4.36 percent), and the U.K. (-3.76 percent).8

Pacific Rim markets also fell, with China’s Hang Seng index dropping 3.91 percent. Elsewhere, Australia lost 3.80 percent and Japan declined 3.14 percent.9


Gross Domestic Product (GDP)

The U.S. economy grew by a 4.9 percent annualized rate in the third quarter, more than double the 2.1 percent expansion in the second quarter. Third-quarter growth was led by strong consumer spending and a rise in inventories.10



Nonfarm payrolls rose by 336,000 in September, exceeding the consensus forecast of a 170,000 increase. The previous two months’ reports were also revised higher by a combined 119,000. Wage growth came in at a modest 0.2 percent for the month and 4.2 percent year-over-year. The unemployment rate was 3.8 percent.11


Retail Sales

Retail sales increased 0.7 percent in September, exceeding the consensus forecast of 0.3 percent. Most categories were higher, except for electronics/appliances and clothing retailers, both of which decreased 0.8 percent month-over-month.12


Industrial Production

Industrial output rose 0.3 percent, beating expectations of a 0.1 percent increase.13



Housing starts were 7.0 percent higher versus August, though lower by 7.2 percent from September 2022.14

Existing homes sales fell 2.0 percent from August and 15.4 percent from last September, as higher mortgage rates affected affordability.15

New home sales gained 12.3 percent in September versus the previous month and up 34 percent from a year ago. The median price of new sales, however, declined from $433,100 in August to $418,800.16


Consumer Price Index (CPI)

The price of consumer goods rose 0.4 percent in September and 3.7 percent from 12-months ago. Both were above forecasts, though core inflation at 0.3 percent in September and 4.1 percent year-over-year met consensus estimates.17


Durable Goods Orders

Durable goods orders climbed 4.7 percent in September, far outpacing the 2.0 percent increase forecasted by economists and the 0.1 percent gain in August.18


The Fed

After keeping rates unchanged at the September Federal Open Market Committee meeting, the minutes revealed that Fed officials were divided over whether interest rates needed to be hiked further.

Though a majority of voting members indicated that it may be appropriate to raise the federal funds rate again, the October rise in bond yields may obviate the need for it. The minutes also pointed to a potential change in future communications, from how high to increase rates to how long to keep rates at restrictive levels.19

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                                                  "You just can’t beat a person who never gives up."

                                 George Herman “Babe” Ruth, Seven-Time World Series Champion

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