Get ready to step into the world of finance and economics with our distinguished guest, Megan Horneman, the Chief Investment Officer for Verdence Capital Advisors. She's here to unravel the economic repercussions of the recent Supreme Court decision overturning Biden's Student Loan Forgiveness Program. Given that around 40 million Americans are shouldering almost $2 trillion in student loans, the verdict marks a significant shift, hinting at potential financial burden on the horizon as the loan payment suspension is predicted to lift by late summer.

This episode is peppered with insights on how this pivotal legislative decision can possibly chip away half to 1% off the GDP. With the equity market in a strong rally, we discuss the noticeable downward trend in sectors like apparel and luxury goods, indicating a potential fall in discretionary spending due to the financial strain. We delve into the recent softening in personal spending and the potential challenges it can pose to the economic growth. Tune in for this engaging conversation that intertwines law, finance, and economics, and don't hesitate to share your thoughts, queries, or comments at podcast at verdence dot com

https://youtu.be/u--vCsj9MNY

Disclaimer: material was prepared by Verdence Capital Advisors, LLC (“VCA”). VCA believes the information and data in this document were obtained from sources considered reliable and correct and cannot guarantee either their accuracy or completeness. VCA has not independently verified third-party sourced information and data. Any projections, outlooks
or assumptions should not be construed to be indicative of the actual events which will occur. These projections, market outlooks or estimates are subject to change without notice. This material is being provided for informational purposes only and is not intended to provide, and should not be relied upon for, investment, accounting, legal, or tax advice. Past performance is not a guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance
that the future performance of any specific investment, investment strategy, or product or anynon-investment related content, made reference to directly or indirectly in these materials will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. You should not assume that any
discussion or information contained in this report serves as the receipt of, or as a substitute for, personalized investment advice from VCA. Due to various factors, including changing market conditions and/or applicable laws, the co...