July 2023

Happy July! The market continues to give mixed signals about when the federal reserve will stop raising interest rates. With a government jobs report showing 209,000 jobs created in June, a private payroll report showing 497,000 jobs created, and a slightly declining unemployment rate of 3.6 percent from 3.7 percent, it is likely the federal reserve will raise interest rates another 0.25 percent in July and 0.25 percent in September. The stock market has remained surprisingly strong in the aggregate in the first half of 2023, but leadership remains very narrow. Given that corporate earnings are likely to decline for a third quarter in a row, we are likely to see renewed volatility. In the meantime, enjoy some summer fun with family and friends!


More Americans Embrace the Cashless Economy

Give Your Money a Midyear Checkup

Mutual Funds: What’s in Your Portfolio?

Home Energy Tax Credits

Click To Read GWM Newsletter – July 2023