Is the U.S. dollar at risk of losing reserve currency status?
While meme stocks dominated news coverage this week with their wild price swings, the stock market got the jobs report it was waiting for, as May's payrolls growth came in short of expectations and led investors to conclude that the Fed would not trim its bond buying...
Dow Jones Industrial Average celebrates 125 years and we say “Thank You”
As optimism over the post-pandemic U.S. economic recovery drove the investment narrative heading into the Memorial Day weekend, it may behoove us to remember that May 26th marked the 125th year anniversary of the Dow Jones Industrial Average (DJIA). For the first time...
Party is over for crypto currencies and SPACs
Cryptocurrencies that seemed to be defying gravity just weeks ago came back down to earth this week. The two main digital currencies, bitcoin and ethereum, fell as much as 30% and 45% respectively, but significantly pared losses after two of their biggest backers -...
Inflation fears take hold and proceed to decimate returns
Last Friday’s weak jobs number gave a false sense of security to those who were worried about rising inflation. But, this week, the numbers tell a different story. Wall Street has come to realize that weak jobs numbers are not due to people not finding work, it is...
We are not there yet
The Friday U.S. jobs report was a reminder that things are not quite back to normal. Unemployment ticked up to 6.1% as businesses added just 266,000 jobs in April—well below expectations of one million. The negative report, coupled with March’s downward revisions, ...
Wisdom of circular logic never fails
In recent months, we have been exposed to a slew of events beginning with the elections in November that has put the rational brain to the test. It began with election fraud - some moron on reddit claimed there was election fraud and a ballot box was mysteriously...
To own real estate or invest in REITs – you be the judge
Stocks bounced back on Friday following a pair of strong U.S. economic reports and as investors reassessed concerns from news the previous day that the Biden administration could seek a big boost to capital gains taxes for the rich. The S&P 500 advanced, led by...
Recovery arrives; Let the price gouging begin
Stocks jumped to record highs this week with retail sales and weekly jobless claims signaling an accelerating recovery. Yields on benchmark 10-year Treasury notes dropped the most since February. Economic data released on Thursday showed that some parts of the U.S....
Future Wealth LLC celebrates 5 year anniversary and >$25 million in assets under management
It began as a simple idea when Future Wealth registered itself as an LLC, five years ago on April 11, 2016. The company’s mission was to provide financial advisory services that meet our clients’ risk threshold and investment horizon at a fraction of the cost charged...