From the desks of Stanley Katz & Lauren Madera
STAY SAFE & HEALTHY!
Sooner or later, after four weeks of gains in the S&P 500, we experienced negative returns in all three of the major US stock market indices (i.e., DJIA: -0.16%, S&P 500: -1.21%, Nasdaq: -2,62%). It appears that rising interest rates (and bond yields) may push down stocks. The current dividend yield on the S&P 500 sits at 1.69% whereas the 1-year US Treasury provides an interest rate return of >3%! No wonder money flows seem to be heading towards US Treasuries. Couple that with slowing corporate earnings growth, and you get US stock market uncertainty and volatility. The ever-evolving question remains whether we are heading towards a recession. A few pundits believe some industries (like retail, mortgage lending and a few others) have already been experiencing recession-like conditions. Click the Goldman Sachs research link below to get their thoughts on what a recession may look like.
Much has been ballyhooed about the recent “Inflation Reduction Act of 2022” legislation signing. You might find more clarification about the bill in the Merrill piece below. Click it!
Below are links to a number of third-party research reports that we have read and analyzed over the past week. We hope you will find the information interesting, useful, and worthwhile.
Goldman Sachs:
Merrill Lynch:
Schwab:
Fidelity:
Capital Group:
Stanley Katz & Lauren Madera, Financial Advisors
ClientFirst Financial Strategies, Inc.
937-293-5500
Investing involves risk, including the possible loss of principal. The information contained herein has been prepared solely for informational purposes. Nothing contained herein should be construed as a recommendation to either buy or sell any security or economic sector, or implement any strategy discussed. Please consult with your financial advisor, accountant, and/or attorney before acting on this information. ClientFirst Financial Strategies, Inc. is a DBA of OneSeven, LLC (OneSeven). OneSeven is an investment advisor registered with the U.S. Securities and Exchange Commission (SEC). Registration with the SEC does not imply a certain level of skill or training. Securities offered through Fortune Financial Services, Inc. (Fortune), Member FINRA/SIPC. OneSeven and Fortune are separate entities. Investment Products are Not FDIC Insured, Offer No Bank Guarantee, and May Lose Value.
OneSeven and Fortune do not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third parties.