Here, we will maintain a quick read of some headlines in a market recap. Providing some insight into aspects of the market we use for building out our plans and managing your accounts.

The Federal Open Market Committee meeting started May 1st with a more Hawkish outlook on interest rates expecting only 1 or 2 small rate cuts this calendar year as opposed to the 3 mentioned in March. This led to increased volatility especially in US traded stocks. The 2024 Q1 jobs report posted on April 5th showing data that was stronger than expected with a low 3.8% unemployment is another sign of a strong economy and another reason to not cut rates. The FED is positioning themselves towards a higher for longer position to make sure they continue seeing reductions in inflation. Geopolitical tensions in the Middle East have gripped the markets leading the recent downturn overshadowing strong retail sales data. With the valuation of US stocks nearing record highs, this presents a strong long-term buying opportunity for international stocks. Higher for longer rates should lead to continuing inflation decreases, the FED will continue to monitor strong economic projectors for the US economy.

This is an interesting time for markets with everything culminating in what may seem like a unique situation, but there is relevant data and historical actions to lean into and plan for. An Integrated Plan is important for the diverse scenarios that can impact the outcome of your financial future. Bringing all this information together and planning for the expected and unexpected is our goal for every client.

There has been an industry shift with an increase in Fiduciary responsibility which has evolved and been redefined for financial professionals. The rules are now more all-encompassing for continued work with investors of all types. Over the past couple of years there has been a shift in the wealth management industry where firms are now beginning to charge for financial plans due to the increasing Fiduciary responsibilities for all clients. At Volante, we have positioned ourselves with a strong team to be able to adapt to any industry changes while still providing our clients with excellent financial planning.

As always, if you have any questions please do not hesitate to reach out and schedule a Market Insights Q&A meeting and we will be more than happy to speak with you.

From your Volante Integrated Planning team.

With Gratitude