This Week’s Takeaways:
- Investing in stocks at all-time highs has historically worked well for investors. Returns are better 1, 3, and 5 years out compared to investing on any other days.
- Nationally housing inventory levels are rising, signaling a shift into a buyer’s market and lower prices. The Northeast and Midwest remain outliers with tighter inventory helping keep prices high.
- A falling dollar is a tailwind for U.S. corporations that do business overseas, and Materials and Technology stocks could be the biggest beneficiaries.
- The labor market looks strong, but underneath the surface there are signs it is cooling which could lead to September rate cuts.
- The new tax bill has passed, extending many things from the 2017 Tax Cuts and Jobs Act. New temporary item include: increased SALT Deduction, Senior Deduction, No Tax on Tips or Overtime (with caveats), Deductible Car Loan interest for cars assembled here, and “Trump accounts” for newborns.
- Plus my latest book recommendation, Boston updates, and Things to Do This Weekend in Boston.
Investing a Lump Sum at All-Time Highs by A Wealth of Common Sense
We’re at all-time highs in the stock market leading to a FAQ we get around these times: if I have a lump-sum to invest, should I be worried about doing it now? This post shares that: “Not only are new all-time highs perfectly normal, your returns are actually better when you invest at those levels than putting your money to work on all other days over 1, 3 and 5 year windows.”
Housing market continues to become more buyer-friendly—but not everywhere at the same pace by ResiClub
Housing inventory levels are key to understanding the type of real estate market we’re in. Nationally inventory levels are rising, signaling a shift into a buyer’s market and lower prices. The Northeast and Midwest remain outliers with tighter inventory helping keep prices high.
What the falling U.S. dollar could mean for stocks ???? by TKer
The dollar has tumbled to multi-year lows against other major currencies. A falling dollar is bad news for Americans vacationing overseas and U.S. companies who import goods, but it’s a tailwind for multi-national U.S. companies who do business in non U.S. markets. Materials and technology companies will be the biggest beneficiaries.
June Employment: Live to Fight Another Day by Wells Fargo
It’s important to watch the labor market as evidence of its deterioration would bolster the case for the Fed to cut rates. The headline numbers are strong, but underneath the surface the labor market is cooling which could mean rate cuts in September, but not earlier.
“One Big Beautiful Bill” Becomes a Reality by Fiducient Advisors
What taxpayers need to know about the new tax bill.
Understanding Intrafamily Loans: Benefits, Risks, and Considerations by Heritage Financial
Intrafamily loans can be a powerful tool for supporting loved ones while keeping wealth within the family. These private lending arrangements offer potential benefits such as cost savings, estate planning advantages, and flexible terms. But while the opportunities are significant, they also come with important risks and relational dynamics to consider. This article explores how intrafamily loans work, what to think about before offering or requesting one, and how to structure them to protect both your finances and your family relationships.
Book Recommendation
Lincoln’s Peace: The Struggle to End the American Civil War by Michael Vorenberg
One historian’s journey to find the end of the Civil War—and, along the way, to expand our understanding of the nature of war itself and how societies struggle to draw the line between war and peace
Boston Corner
Why happy hour is still illegal in Mass. by Axios
Massachusetts’ new broker fee law, explained by Axios
