June Market Update: Resiliency Remains
The debt ceiling distraction is behind us for a couple of years, so investors can resume focusing on their most recent obsessions: the Fed, inflation, and Nvidia stock.
We discuss all this and more in the most recent episode of the Wealthy Behavior podcast.
- The Fed is signaling that they will pause rate hikes this month, but the job market remains strong. The market hasn’t been right about Fed policy for a while and we expect that to continue.
- Nvidia stock is on a tear, driven lately by AI-related gains. You may own it without realizing it, and we discuss what to expect going forward given its lofty valuation.
- Price-weighted vs. equal-weighted index construction and how you need to be careful with the S&P 500 index during times like this.
- An investment to help investors benefit from tighter lending standards
And, if you missed our recent webinar with Liz Ann Sonders, Chief Investment Strategist at Charles Schwab, we catch you up on the key takeaways:
- Worries the dollar could lose its reserve currency status are overblown
- Recent bank failures don’t mean a return to a 2008-type environment, but tighter lending standards could hurt the markets
- Instead of waiting for a recession, understand that we’re in a series of rolling recessions
- Select international markets are attractive right now
We’d love to hear from you! Email us questions, ideas, or feedback at wealthybehavior@heritagefinancial.net.
June Market Update: Resiliency Remains
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Missed an episode? Catch-up on Wealthy Behavior here.