Scott Bessent’s Tightrope Walk by Bloomberg
A few weeks into the world created by Liberation Day, it’s clear that markets prefer to hear from Scott Bessent than other administration officials. He needs to reassure the world that “his boss’s agenda won’t tank their economies or wreck their security. Simultaneously, Bessent must continue to assure Trump that a calibrated approach to tariff negotiations is good for the economy and meets his broader goals.”
Why Portfolio Diversification Has Helped in 2025 by Morningstar
Years like this are why you diversify. Sure, you can call the pain in U.S. equities self-inflicted policy errors, but valuations were very high heading into this year. The result is that in 2025, investors who diversified away from U.S. stocks have done better, suffering minimal losses by adding bonds and international stocks to their portfolios. Small caps have continued to struggle, while value stocks have help up better than growth stocks.
The Post-Liberation Day View by Wisdom Tree
An updated market and economic outlook shares that there are risks to the economy and for higher inflation, the Fed could cut rates later this year but doesn’t need to now, yields will stay higher, and this is a long-term buying opportunity for stocks.
Gen AI is ramping up t he threat of synthetic identity fraud by the Federal Reserve Bank of Boston
There’s no need for panic, but there is for vigilance. Synthetic identity fraud is different from standard identity fraud because the thieves aren’t stealing and assuming the identity of a real person. Instead, they’re creating a fake identity by combining real pieces of personally identifiable information from various sources. It could be this guy’s license number, that woman’s checking account number, and that child’s Social Security number. Then, they use this synthetic identity to steal money, or move it illegally, or trick real people into giving up personal data. This piece explains it and provides a tool kit for protection.
Safeguarding Your Wealth: Essential Asset Protection Strategies in Estate Planning by Heritage Financial
Our financial planning team and estate planning specialist created this excellent guide on safeguarding your assets with some extra suggestions for business owners.
Book Recommendation
Careless Love: The Unmaking of Elvis Presley by Peter Guralnick
Part two of the Elvis biography. I recommended part one a few weeks ago. Covers his army service from 1958 to death in 1977. I knew bits and pieces of the Elvis story, but nothing close to the whole impressive, sad, and weird story.
Boston Corner
Soaring prices causing housing crisis on Cape Cod
Boston at Risk of ‘Wealth Spiral’ as Harvard Fight Ripples Through Economy
