From the desks of Stanley Katz & Lauren Madera
STAY SAFE & HEALTHY!
Last week produced winners in the US stock market as all three major indices enjoyed gains (i.e., DJIA: +2.97%, S&P 500: +4.26%, Nasdaq: +4.70%). In fact, July posted the best month since 2020! It almost felt like winning the $1.25 billion Mega Millions lotto, which one person did on Friday night. All of this transpired in spite of the dour consumer sentiment. Although the Federal Reserve raised the Fed Funds rate by 0.75%, the stock and bond markets appear to be interpreting fewer/lesser rate increases going forward. Despite persistently low unemployment, we are still battling slowing growth in the overall economy. For more discussion on this topic, read the Goldman Sachs “Top of Mind” article below.
As we live through this difficult stock market environment, there are valuable lessons to glean from the past. Believe it or not, this time is no different than previous bear markets. Capital Group espouses five lessons in their research piece below. Click the link.
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.
Stanley Katz & Lauren Madera, Financial Advisors
ClientFirst Financial Strategies, Inc.
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