Wealthy Behavior

July Market Update: Escalator Up, Elevator Down


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There’s a saying that the Fed takes interest rates up on an escalator (smooth increases) and down on the elevator (larger, quick drops). We are around peak interest rates, the market is expecting the Fed to cut rates twice this year, and based on slowing economic data it looks like the cuts should begin soon. What will give the Fed the green light to start? Tune in to hear Heritage Financial CIO, Bob Weisse, and CEO, Sammy Azzouz, discuss what has stood out to recently, including:


  • The latest on interest rates and inflation
  • Recent narrowing of stock market leadership and what’s driving the winners
  • Why a diversified fixed income portfolio is imperative, especially now
  • A primer on private credit–a detailed discussion about what is it and how can it fit in a portfolio


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Wealthy BehaviorBy Heritage Financial Services

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