July Market Update

Dive into the latest economic buzz! This quick video unpacks the Fed's take on inflation, soaring company earnings, and skyrocketing market highs. But what does it all mean for your wallet? Get the scoop on smart investing strategies that'll help you ride out election jitters and global hiccups. Whether you're a market newbie or a seasoned pro, stay up to date with this Market Update from Leisl Langevin, CFP, CDFA.

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Transcript

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I'll first talk about the economy. We had some good news from the Fed yesterday. They are saying that we're making progress on inflation. So that's really good to hear. But they still want to hold on to those interest rates until they see the inflation number get closer to their 2% target. So we're still waiting on that. But in the meantime, company earnings continue to hit or exceed expectations. So that's what's good for companies. Unemployment still remains low, and wages are still pretty significant, that people feel like they can still live and spend as they need to. So we've seen markets hit some of their highs yesterday. The S&P hit 5500. And so on a year to date basis, S&P is up 15.29%, the NASDAQ up 18.57, the Dow Jones up just under 5%. And bonds have struggled this year. So they're flat and some negative. So those have struggled quite a bit. So what does this mean for investors, though, as we always say at WHZ? Our outlook is that stay with that long term strategy. There are going to be some ups and downs. We've seen a great recovery this year but it's not without some potential risk. So we have the presidential election that we're, of course, watching geopolitical challenges, too, that continue to happen. But maintain that diversified investment strategy and you'll get through. For more information regarding wealth management and customized financial planning with Weiss, Hale & Zahansky Strategic Wealth Advisors, please visit whzwealth.com Weiss, Hale & Zahansky Strategic Wealth Advisors offer securities and advisory services through Commonwealth Financial network member FINRA SIPC, a Registered investment advisor, fixed insurance products and services offered through CES Insurance agency. They practice at 697 Pomfret Street Pomfret Center, Connecticut 06259 392-A Merrow Road, Tallinn, Connecticut 06084 They can be reached at 860-928-2341 Weiss, Hale & Zahansky Strategic Wealth Advisors do not provide legal or tax advice. The tenured financial services team strives to support clients in achieving their financial life goals while providing absolute confidence and unwavering partnership for life.