In the News: Market and Economic Perspectives
Several Aspiriant partners recently shared our views on the current market, the economy, potential tax changes and more in a handful of major financial media. Publications included the Wall Street Journal, MarketWatch, Bloomberg, Business Insider and the Washington Post.
Dave Grecsek, managing director in Investment Strategy & Research, was quoted in the Wall Street Journal after Federal Reserve Chairman Jerome Powell testified before the Senate Banking Committee on July 15 about inflation.
Dave said the current economic data doesn’t properly gauge the pace of recovery and will continue to be volatile. “It’s like when you’re a doctor, trying to treat your patient, but your diagnostic equipment is giving you funky readings,” he said. Read the full article, “Stocks Mostly Lower After Powell Comments on Inflation, Economy.” (subscription required)
Sandi Bragar, managing director in Planning Strategy & Research, was quoted in Bloomberg, The Washington Post and MarketWatch.
In “Stocks Rise Amid Renewed Economic Optimism,” Sandi expressed that growth has carried the market, “and now we’re just seeing a bunch of different forces and a lot of uncertainty about what’s going to happen economically.” The news brief was written by Bloomberg News and picked up by The Washington Post (subscription required).
On MarketWatch, Sandi commented on the stock market’s recovery in late June after a dip following the Fed’s policy meeting that month. See “S&P 500 books best week since February as investors digest fresh inflation data.”
In an article she wrote for the Forbes Finance Council, Sandi discussed why it’s important for couples to understand each other’s views about money and how they can shape financial decisions throughout the marriage. She suggests “Three Money Questions You Should Ask Before Walking Down The Aisle” to get the conversation started.
Raymond Edwards, national tax director, told Financial Advisor that it’s hard for affluent clients to plan for President Joe Biden’s tax proposals. “No new tax bill has been introduced and, with Congress deeply divided along partisan lines, it’s difficult to conclude what any final legislation might include,” he said. Read more in “Biden Tax Plans Create Urgency, Confusion For Tax Planners.”
Finally, Helen Dietz, managing director in Total Wealth Management, suggested three stocks that look to perform well during a period of rising inflation and potential tax increases in an interview with Business Insider (subscription required).