It’s graduation season again. As young adults all over the country prepare to toss their caps, many families are beginning to shop for graduation gifts. One gift you won’t find at the store is the gift of sound financial advice.
Have you ever wondered if a few pieces of good advice could’ve made a difference in life’s path? We have, and that’s why we’re on a mission to help people along their financial journey.
One of the benefits of being in the Eagle Wealth community is that your child or grandchild falls under our umbrella. They can speak with us and get answers to their big money questions. Whether they're preparing for a bachelor’s degree, graduate school, or braving the workforce, there's a lot of questions about what to do next.
- Give us a heads-up that you have a graduate in need of our help, then pass on our contact info.
- They can call and schedule a 45-minute phone or video call with an Eagle Wealth team member to cover the following:
- Access to simple budgeting templates and student loan worksheets.
- Follow up email with suggested action items as well as links to blogs, podcasts, and books to check out.
So, give your loved one a leg up and encourage them to set a meeting with us now.
Your Eagle Wealth Team
*Limited to Eagle Wealth community children or grandchildren
Eagle Wealth Supports Habitat for Humanity Axe Throwing Fundraiser
Last month the Eagle Wealth team participated in the Hatchets for Habitat Axe Throwing Tournament. We headed down to Unofficial Logging Co. for axe throwing and team building.
But it wasn’t all fun and games. The proceeds from the fundraiser went directly to help Habitat for Humanity build 20 new townhomes in Bend. As always, we love supporting our community and causes like this that are close to our hearts.
While we didn’t place in the competition, the event inspired some Eagle Wealth team members to start training for next year now!
The Week on Wall Street
In a holiday-shortened week of volatile trading, stocks surrendered some of the previous week’s strong gains.
The Dow Jones Industrial Average fell 0.94%, while the Standard & Poor’s 500 declined 1.20%. The Nasdaq Composite index lost 0.98% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, slipped 0.17%.1,2,3
An Uncertain Market
Stocks experienced wild swings last week, in part, due to ongoing uncertainty over economic health and the path of inflation. Investors seemed conflicted when interpreting the data, in some instances viewing economic strength as a negative since it may mean more aggressive rate hikes from the Fed.
Illustrative of how this uncertainty has played out, stocks surged higher on Thursday despite comments from Fed Vice Chair Lael Brainard indicating it’s unlikely that the Fed will pause on rate hikes. Then on Friday, stocks dropped as a better-than-expected jobs report raised concerns about monetary policy.
Strong Job Growth
The U.S. economy added 390,000 jobs in May, a slowdown from recent months but higher than consensus estimates. Job gains registered in several categories, led by leisure and hospitality, professional and business services, and warehousing and transportation. The retail sector lost jobs.4
The unemployment rate remained unchanged at 3.6%. Wage growth cooled off, with a 12-month increase of 5.2%, down from April’s year-over-year jump of 5.5%. Finally, the labor participation rate ticked higher again, reflecting how job availability is helping to pull Americans off the labor-market sidelines.5
THE WEEK AHEAD:
KEY ECONOMIC DATA
Thursday: Jobless Claims.
Friday: Housing Starts.
Source: Econoday, June 3, 2022
The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to be providing accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts also are subject to revision.
THE WEEK AHEAD:
COMPANIES REPORTING EARNINGS
Monday: Coupa Software, Inc. (COUP).
Wednesday: Campbell Soup Company (CPB).
Thursday: DocuSign (DOCU).
Source: Zacks, June 3, 2022
Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule when they report earnings without notice.