What an incredible second quarter and great first half of the year! The S&P 500 had its best quarter in six years and is up just over 9.5% for the year.
-The long-awaited Fed decision on interest rates was nothing to write about. They kept rates unchanged even with the new Fed president.
-The current market movers seem to be oil prices and the AI investment landscape. We’ve had such a great run due to AI in tech that the uncertainty seems to be whether it will continue. With oil prices much lower now, the next quarter will be interesting to see if consumers spent any extra cash.
-M2 Money Supply continues to increase, which helps investments stay high. With increasing M2, we’ll probably see inflation stay at the current levels. That question will likely lead the Fed to decide whether they lower interest rates at their next meeting or two.
I hope you have a great Independence Day! If you’re watching the FIFA World Cup 2026, fingers crossed for the USA team onto the round of 32!
Happy 4th of July,
Larry Mroczkowski
President
The 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 referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.
The economic forecasts set forth in this material may not develop as predicted and there can be no guarantee that strategies promoted will be successful. All investing involves risks, including the loss of principal.