Summer vacation is officially upon us, at least for the girls. The kids think they’re the only ones celebrating, but I think I speak for many parents when I say that as much as we cherish our incredible schools and all they do for our children, we are also rejoicing…
Summary: The S&P 500 is nearing an all-time high, just 0.85% away, after a strong rebound from near-bear market territory two months ago. Recent gains were driven by easing geopolitical tensions, including a fragile ceasefire between Israel and Iran, and renewed optimism around tech and AI stocks. Despite headwinds like…
Summary: Bank of America (BofA) Global economists warn that if something is going to break in the U.S. economy, it will likely happen this summer. In their base-case scenario, the labor market stays strong, and Donald Trump’s proposed tariffs push inflation high enough to prevent the Federal Reserve from cutting…
Driving through Northern Alabama on Thursday, veteran investor Bill Smead was on the road pitching potential clients on his Smead Value Fund (SMVLX). It’s not an easy sell right now. His energy and homebuilder stocks have taken a hit, and the fund is down 11% since May of last year.…
The U.S. government recorded a historic monthly surplus of $258.4 billion in April 2025, according to Treasury Department data. This marks the first monthly surplus of the 2025 fiscal year and stands as the second-largest monthly surplus in U.S. history, surpassed only by the April 2022 surplus of around $300…
In October, Wall Street celebrated the two-year anniversary of the current bull market. Since the beginning of the year, the mature stock-driven Dow Jones Industrial Average (^DJI 0.24%), benchmark S&P 500 (^GSPC 0.02%), and growth stock-powered Nasdaq Composite (^IXIC -0.20%) have surged by 19%, 28%, and 31%, respectively, as of…
The United States boasts the world’s largest economy, with a Gross Domestic Product (GDP) of over $25.5 trillion USD in 2022. This economic strength provides a solid foundation for entrepreneurs to build and scale their businesses. Access to capital is essential for entrepreneurs to transform their ideas into viable businesses.…
Federal Reserve Chair Jerome Powell said Thursday that the economy may be entering a period of more volatile inflation and more regular supply shocks relative to recent decades, in which inflation and unemployment remained low. Powell reflected Wednesday on “the possibility that inflation could be more volatile going forward than…
As California continues to grapple with its long-standing housing affordability crisis, a new bill is proposing a novel solution: put a pause on changes to the state’s building code. Assembly Bill 306, introduced by Assemblymember Nick Schultz of Burbank, seeks to freeze the current building standards through at least 2031.…
What happens to mortgage rates with more trade deals?If we avoid a recession, mortgage rates could stay elevated. What will happen to mortgage rates now that China and the U.S. have made progress in their trade war, agreeing to a 90-day period of lower tariffs? Stocks are up considerably this…