Shepard Wealth Management Group - Stifel

The U.S. consumer continues to be resilient despite uncertainty and challenges in the economy. This is due, in good part, to decent labor market conditions.

The consumer, however, is not on unshakable footing as falling household savings may eventually become a drag on spending. "Buy Now, Pay Later" payment options and other inorganic factors, such as 401(k) hardship withdrawals and intergenerational wealth transfers, are deflecting some of those headwinds for now, but eventually rising household debt could pose problems for consumers.

Read more in Economic Insight from Stifel's Chief Economist, Lindsey Piegza, Ph.D, here: https://livesocial.seismic.com/az92dA

After an unsettled start to the year, the second quarter saw markets roar back – even as a new Federal Reserve chair, firmer inflation, and a fragile Middle East de-escalation reshaped the path for growth, rates, and returns. In this edition of Quarterly Market Perspectives, we examine how these forces are shaping our second-half outlook and what they could mean for investor positioning.

Read the full piece here: https://livesocial.seismic.com/aVJIuN