In last week’s webinar, Chad Staskal, CFP®, Managing Partner of Eagle Wealth Management, and City National Rochdale Portfolio Manager, Robert Meckstroth, CFA, discussed the latest developments and what's ahead for the economy and markets.  Check out the video here.

Run time: minutes, seconds

As always, please reach out if you have questions about the webinar or about your personal financial situation.  We’re here to help. 

Until next week,

Your Eagle Wealth Team

Eagle Wealth Forms Pole Peddle Paddle Team

You’ll often hear us talk about how part of financial planning is creating a life you love.  So, this week we’re putting that advice into action!  A few ways we make our lives better are exploring the outdoors, teamwork, and some old-fashioned competition.  This year we’ve formed Team Eagle Wealth and can’t wait to compete in Bend’s 44th annual Pole Peddle Paddle (PPP) on Saturday, May 14th.  
The PPP event is back after a two-year pandemic hiatus.  This multisport 6-leg relay race attracts thousands of participants and stretches from the slopes of Mt. Bachelor to the Old Mill District.  The event is the biggest fundraiser for Mt. Bachelor Sports Education Foundation (MBSEF).  Every year MBSEF supports over 600 young athletes in achieving their individual athletic, academic, and personal goals.

Keep a lookout for our Eagle Wealth team members at the following race legs.
•    Hung Quan - Downhill ski
•    Mat Hunnicutt - Skate ski
•    Jordan Daniels - Bike
•    Ian Laimbeer - Run
•    Virginia Cramp and Hans Doorn - 2-person canoe
•    Cami Staskal - 1 mile sprint run to the finish
•    Chad Staskal - Alternate/Coach

This year the race finishes at the west side event grass area in the Old Mill District, across the footbridge from the shops. There will be food vendors, music, and booths for spectators of the PPP participants.  If you’re there, come cheer us on and say hello after the race!

Restorative Yoga - Long and Easy Stretching

Whether you’re curious about yoga but never tried it, or if you're a seasoned yogi looking for something new, restorative yoga has something for everyone. This gentle yoga uses props like blocks, blankets, and straps. Stretches and poses are held for a longer time, yielding many benefits.
Here are a few ways that restorative yoga can be beneficial for many people:
•    It can help with neck, low back, hip, and shoulder pain
•    It can help with insomnia
•    All ages widely practice it, and modifications are available
•    It can relax the mind and help with anxiety
•    It may help to cope with serious illnesses and life events
•    It may improve respiratory and circulatory function
Check your local yoga studios or gyms to enroll in a restorative yoga class. If you can’t find one, there are online yoga courses you can try. It might be a stretch worth taking (ask your doctor if yoga might be right for you).

Tip adapted from www.mindbodygreen.com

The Week on Wall Street With the Fed in focus, the markets experienced wide price swings over the course of last week, as technology companies led the market lower. The Dow Jones Industrial Average slipped 0.24%, while the Standard & Poor’s 500 declined 0.21%. The Nasdaq Composite index dropped 1.54% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, fell 1.99%.1,2,3 A Wild Week After successive daily gains to begin the week, stocks staged a powerful relief rally in response to Wednesday’s Federal Open Market Committee (FOMC) announcement, aided by Fed Chair Powell’s comment that a 75-basis point hike was not under active consideration. Stocks, however, dropped the following day as investors reassessed the implications of a tighter monetary policy. Also on Thursday, the yield on the 10-year Treasury Note closed above three percent. News that worker productivity fell 7.5% and labor costs rose 11.6% in the first quarter fanned inflation fears and added to investor unease. Despite a better-than-expected employment report, stocks closed out the week with another day of losses amid volatile trading.4 Fed Raises Rates The May 2022 FOMC meeting resulted in an increase of 50 basis points in the federal funds rate, the largest rate increase since 2000. In a post-meeting press conference, Fed Chair Powell said additional 50 basis point hikes are likely, acknowledging that inflation was much too high and sending assurances that he was committed to price stability. The Fed also announced that it would begin reducing its $9 trillion balance sheet by $95 billion a month, a step the markets had been anticipating.5