While attending a recent conference in Philadelphia, I had the opportunity to visit Liberty Bell. Philadelphia is such a historic city, with sites that represent the very beginnings of our nation, such as Independence Hall, the President’s House, and the Betsy Ross House. During a time in our country when there appears to be so much division, I wanted to visit a landmark that has been a symbol of freedom for all. Liberty Bell bears a timeless message: “Proclaim Liberty Throughout all the Land Unto All the Inhabitants thereof”. The speaker of the [...]

As you can see from the chart, we’ve added $2 trillion in debt in just a couple months. I'm alarmed by the pace at which the US is adding to its debt on a year over year basis these days, so I decided to do some digging to see what our debt history has looked like. Treasury.gov has a record on US debt back to 1790. For the most part, it vacillated in the $25 million to $80 million range for the first 70 years, with an average of $58 million. Then in [...]

U.S Home prices hit an all time high in July while affordability dropped to new lows. How can home prices continue to rise, while affordability drops? The main culprit seems to be a lack of inventory due to limited building of new homes and Americans who are staying put in homes with debt that was financed at very low rates. If you are considering moving to a new home, would you leave a rate of 3% to go to a rate of 7.2%? Not likely, so affordability continues to plummet as rates go [...]

The June CPI reading was the highest we’ve seen since 1981. DID YOU KNOW? Th June CPI reading of 9.1% was the highest we've seen since November 1981. Source: Bureau of Labor Statistics

Historically, the S&P 500 has an average recovery of 23.8% after it declines by >15% during the first half of the year. DID YOU KNOW? There are only 5 other instances of the S&P 500 down >15% to start the year.  On average, they returned 23.8% during the second half of the year. Source: First Trust Portfolios LP

How are you dealing with our current market environment? Contact us for a complimentary discussion. DID YOU KNOW? The S&P 500 had the worst first half of the year since 1962. Source: Compound Capital Advisors

Median sales price of existing homes continue to increase. DID YOU KNOW? The median sales price of U.S. existing homes rose above $400,000 for the first time, a 44% increase over the last 2 years. Source: Wall Street Journal, Compound Capital Advisors

Treasury Yields have been increasing as the Federal Reserve attempts to combat inflation. DID YOU KNOW? The 1-Year Treasury Yield is at its highest level since 2008. Source: Compound Capital Advisors This material is for informational or educational purposes only. Signature Wealth Management Group is registered as an investment adviser with the SEC. Signature Wealth Management Group only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit [...]

Unemployment has stayed steady over the last 3 months at 3.6%, slightly above the pre-pandemic unemployment level of 3.5%. DID YOU KNOW? Employers added 390,000 in May, while unemployment stayed steady at 3.6%. Source: Wall Street Journal This material is for informational or educational purposes only. Signature Wealth Management Group is registered as an investment adviser with the SEC. Signature Wealth Management Group only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. Investing involves risk including the potential loss of principal. [...]