From the desks of Stanley Katz & Lauren Madera
STAY SAFE & HAVE FUN!
Is the stock market fueling the economy or vice versa? The May unemployment rate rose slightly to 4%, the highest level in 2 years. Yet the jobs market and overall economy seem to be holding steady. And check out stock market performance! All three major US stock market indices recorded gains for the week (i.e., DJIA: +0.29%, S&P 500: +1.32%, Nasdaq: +2.38%). The S&P 500 hit a record high on Wednesday and closed the week just under new highs along with the NASDAQ. The Argus Economic Commentary dives deeper into the interplay between the economy and stock market. Click the link below.
Much has been discussed and debated about the US government’s deficits and current debt situation. In fact, the debt ceiling will be front and center in 2025! Schwab posted an interesting piece on the topic that we have shared below.
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.
Argus:
Schwab:
Capital Group:
Northern Trust:
BlackRock:
Stanley Katz & Lauren Madera, Financial Advisors
ClientFirst Financial Strategies, Inc.
937-293-5500
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