As of 5/11, the S&P 500 has crossed over 7,400!
Things are great, or are they?
While the S&P 500 and Nasdaq recently finished off their sixth consecutive week in the green and there’s been an AI-focused earnings rally, there is a lot of uncertainty surrounding the very near future of our economy and the stock market.
A portion of that uncertainty stems from the continuous growth of the size of our government and the amount of interest the US pays to lenders, which is now greater than what our country spends on defense. With somewhere around 30% of citizens receiving government assistance, it’s hard to imagine the government shrinking in size.
An analogy I’ve shared before is that the government is like a jockey riding a thoroughbred racehorse, and the racehorse is the economy. The larger the jockey, the harder it is for the racehorse to reach the finish line in first.
Living in the Moment
“If you aren't in the moment, you are either looking forward to uncertainty, or back to pain and regret.” - Jim Carrey
Instead of being consumed by uncertainty, I focus on what I can control and live in the moment. I still believe we’re looking at a glass of water that’s half-full, not half-empty.
On Thursday, May 21, at noon (Central), I invite you to join me for the Q2 Blooming Three Wealth Management Webinar. We will discuss what’s going on right now and what you can do about it.
Webinar topics will include:
- Current State of the Market
- Why the Glass is Still Half Full
- The Other Half of the Glass
- Open Q&A
Special Guest
For many of us, long-term care expenses will be the single greatest expense in retirement. It’s never too early to plan ahead for this potential need. To discuss a hybrid approach to Long Term Care Insurance, Brighthouse Financial Life and LTC Specialist Jeff Ogden will join me.
The Glass is Still Half Full
"The world's biggest problems are the world's biggest business opportunities." -- Peter H. Diamandis
Despite what you and I hear on the news each night, not everything is doom and gloom.
As long as capitalism remains a strong part of the American economy, it’s hard not to have a “glass half full” approach to investing.
However, you can be excited and still cautious, and there are plenty of things to be cautious and even concerned about, from what the average “job” will look like 20 years from now, to the impact of our unbalanced budget as a nation, to how companies will continue to utilize and monetize artificial intelligence.
Regardless of whether we have control over the future of the economy, it appears very likely to grind higher.
How to Join the BTWM Q2 Webinar
Let’s talk!
Please join me on the 21st to discuss the current market environment, review what’s taken place in the past quarter, and have your questions answered live.
When: Thursday, May 21, at 12:00 p.m. (Central)
Where: Join via GoToMeeting
Dial-In Option: (669) 224-3413 | Access Code: 902-937-309
(The webinar will last approximately 30–45 minutes.)
Disclaimer 1: Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual. Opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance references are historical and do not guarantee future results.
Disclaimer 2: Jeff Ogden and Brighthouse Financial are not affiliated with or endorsed by LPL Financial and Blooming Tree Wealth Management.