Quick Hits: Volatility | Confidence | License to Sell

Hope everyone had a fun and safe holiday!


It’s been an interesting week for the economy.

The markets hit a new high, followed by a nice large sell off on Thursday.

Getting word from advisors around the nation that people are attending live events more than ever.

Recent growth + volatility = Investors Searching for direction (that’s you!)


Here are your Quick Hits:


Consumer confidence is currently at its highest level since the onset of the pandemic’s first surge in March 2020

  • Consumers’ appraisal of current business conditions improved in June.
    • 5% of consumers said business conditions are “good”, up from to 19.9%.
    • 5% of consumers claimed business conditions are “bad”, down from 20.6%.
  • Consumers’ assessment of the labor market also improved.
    • 4% of consumers said jobs are “plentiful”, up from 48.5%.
    • 9% of consumers claimed jobs are “hard to get”, down from 11.6%


Why did the stock market sell off? Falling bond yields point to ‘growth scare’

  • Before Thursday’s selloff, which saw large-cap growth stocks get clobbered alongside more cyclically oriented stocks, the worries had appeared largely invisible to the S&P 500 index because of its high-quality growth/big tech overweight
  • “Our working theory is that we’re in the middle of a modest global growth scare…,”

Why Annuities Work Like a ‘License to Spend’ in Retirement

  • Out of fear of running out of money, many retirees spend less than they could comfortably withdraw.
  • Households spend more if they hold their wealth as guaranteed income, and not as investments, as they age.
  • Retirees without a pension should consider buying an income annuity or delaying their Social Security claim.

Quick Articles on Social Security:


Quote of the week


“One of the marks of successful people is they are action oriented. One of the marks of average people is they are talk oriented.”

– Brian Tracy

Photo from the 4th

My Crew on the 4th of July…