Key Takeaways - It has been more than two weeks since the unprecedented attacks on Israel. Global equities are lower amid geopolitical tensions. Treasury yields hovering at multi-decade highs. Gold takes over as leading safe-haven asset. Middle East conflicts can be inflationary.
Key Takeaways: Homebuilder confidence and sales fall further. Consumer surprisingly still spending. Leading indicators worst since Great Financial Crisis. Global equities lower on higher yields. 10YR Treasury flirts with 5% level, first time since 2007. Precious metals rally as investors seek out safe-havens.
For those over age 70 Qualified Charitable Distributions from your IRA can be a great way to give back, satisfy your required minimum distributions and reduce your taxes.
Quick Take - Global equities continued to rally in the second quarter. Outside the U.S., stocks in Europe and emerging-markets have also posted solid results. In fixed-income markets, core bond returns (Bloomberg U.S. Aggregate Bond Index) were slightly negative for the quarter as interest rates slightly rose/prices fell.
The Month At-A-Glance 1. The S&P 500 eked out a 0.4% gain despite concerns a deal would not be struck to increase the debt ceiling 2. Hype around artificial intelligence sent some growth stocks significantly higher 3. Market narrowness has reached historic levels—with only a handful of stocks accounting for all the market index return 4. Investors have started to price in a “higher for longer” outlook for interest rates
When we think of financial stress, we often associate it with individuals struggling to make ends meet or facing significant debt. However, financial stress can also affect those with a higher net worth, albeit in different ways. Here we delve into the unique challenges faced by higher net worth individuals, the impacts of financial stress on your well-being and some coping strategies.