The Giving Box Is A Symbol Of Our Resolute Aspiration To Help Our Clients Make An Impact With Their Wealth.
Investment Advisory Services Offered Through Resolute Wealth Advisor, Inc., A Registered Investment Adviser.
Resolute Wealth Advisor, Inc. and its representatives are in compliance with the current filing requirements imposed upon registered investment advisors by those jurisdictions in which Resolute Wealth Advisor, Inc. maintains clients. Resolute Wealth Advisor, Inc. may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements. Resolute Wealth Advisor, Inc.’s website is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment related information, publications, and links. Accordingly, the publication of Resolute Wealth Advisor, Inc.’s website on the Internet should not be construed by any consumer and/or prospective client as Resolute Wealth Advisor, Inc.’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Any subsequent, direct communication by Resolute Wealth Advisor, Inc. with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For information pertaining to the registration status of Resolute Wealth Advisor, Inc., please contact the SEC, FINRA or the state securities regulators for those states in which Resolute Wealth Advisor, Inc. maintains a filing. A copy of Resolute Wealth Advisor, Inc.’s current written disclosure statement discussing Resolute Wealth Advisor, Inc.’s business operations, service, and fees is available from Resolute Wealth Advisor, Inc. upon written request. Resolute Wealth Advisor, Inc. does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Resolute Wealth Advisor, Inc.’s website or Incorporated herein, and takes no responsibility therefor. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.
Past performance may not be indicative of future results. Therefore, no current or prospective client should assume that future performance of any specific investment or investment strategy (Including the investments and/or investment strategies recommended or undertaken by Resolute Wealth Advisor, Inc.) made reference to directly or indirectly by Resolute Wealth Advisor, Inc. in its website, or indirectly by a link to an unaffiliated third party website, will be profitable or equal the corresponding indicated performance level(s). Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will either be suitable or profitable for a client or prospective client’s investment portfolio. Historical performance results for investment indices and/or categories generally do not reflect the deduction of transaction and/or custodial charges, the deductions of an investment management fee, nor the impact of taxes, the incurrence of which would have the effect of decreasing historical performance results.
Certain portions of Resolute Wealth Advisor, Inc.’s website (i.e. newsletters, articles, commentaries, etc.) may contain a discussion of, and/or provide access to, Resolute Wealth Advisor, Inc.’s (and those of other investment and non-investment professionals) positions and/or recommendations of a specific prior date. Due to various factors, including changing market conditions, such discussion may no longer be reflective of current position(s) and/or recommendations(s). Moreover, no client or prospective client should assume that any such discussion serves as the receipt of, or a substitute for, personalized advice from Resolute Wealth Advisor, Inc., or form any other investment professional. Resolute Wealth Advisor, Inc. is neither an attorney nor an accountant, and no portion of the website content should be interpreted as legal, accounting or tax advice.
To the extent that any client or prospective client utilizes any economic calculator or similar device contained within or linked to Resolute Wealth Advisor, Inc.’s website, the client and/or prospective client acknowledges and understands that the information resulting from the use of any such calculator/device, is not, and should not be construed, in any manner whatsoever, as the receipt of, or a substitute for, personalized individual advice from Resolute Wealth Advisor, Inc., or from any other investment professional
Sign up and get market insights, financial planning tips, and retirement planning ideas delivered right to your inbox.
Q2 2021 Market Commentary
Scott Hohman, CFP®, AIF®
As we find ourselves in the midst of summer, temperatures aren’t the only thing that’s been on the rise. The U.S. economy is red hot this quarter. Many factors have contributed to this: pent-up demand, stimulus money, and easy year-over-year profit comparisons from last year’s lockdown. Additionally, Wall Street expectations on corporate profits for later this year and into 2022 have been ratcheted upwards all year, alluding to higher earnings which are also partly responsible for the rallying stocks that we’re seeing this quarter. The S&P 500 index rose +8.17% from April 1st to June 30th this year, and it’s rallied +92.08% since Covid-19 fears peaked on March 23, 2020.
While this may seem like good news, we have to be vigilant because a red-hot economy could lead to sustained inflationary pressures, which could cause the Fed to become less stock market-friendly with regards to its interest rate policy. Because of this, the bond market has grown more cautious knowing the Fed is now on inflation watch. At the beginning of this second quarter, the yield on a 10-year Treasury bond was +1.69%, by June 30th, the yield has dropped to +1.45%. Witnessing the stock and bond markets out of synch like this leads us to wonder, is the bond market too cautious, or is the stock market too optimistic about the economy?
Looking ahead, our research indicates the positive earnings estimate trends, that have led to higher stock prices, are likely to persist into the second half of the year. We are currently tracking the earnings outlooks rising at a rate even better than last quarter. If this plays out, this could be a positive factor for a fantastic earnings season to provide support for higher stock prices in the next quarter.
Therefore, we want to plan to continue participating in the stock rally, but not be greedy. We will continue to follow this data to help us determine a strategy for when we believe rebalancing back to neutral or cautious levels should get Implemented. Until then, we hope you have a great rest of your summer!
Take a look at our Quarterly Market Review for insights on statistics and trends in domestic and global stock markets.
**All market return data, reference to earnings growth, etc. is all provided by The Earnings Scout, LLC**
The views expressed represent the opinion of Resolute Wealth Advisor, Inc. (RWA). The views are subject to change and are not intended as a forecast or guarantee of future results. This material is for informational purposes only. It does not constitute investment advice and is not intended as an endorsement of any specific investment. Stated information is derived from proprietary and nonproprietary sources that have not been independently verified for accuracy or completeness. While RWA believes the information to be accurate and reliable, we do not claim or have responsibility for its completeness, accuracy, or reliability. Statements of future expectations, estimates, projections, and other forward-looking statements are based on available information and the RWA’s view as of the time of these statements. Accordingly, such statements are inherently speculative as they are based on assumptions that may involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those expressed or implied in such statements. Investing in equity securities involves risks, including the potential loss of principal. While equities may offer the potential for greater long-term growth than most debt securities, they generally have higher volatility. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Past performance is not indicative of future results.
More from our blog
Blended Family Estate Planning: Important Considerations
5 Financial Tips for Your Second Marriage
Q1 2023 Market Commentary