Say it with me, the market is not the economy. And what?  And the economy is not the market.  Good job class, now write that in cursive a hundred more times. 
 
This week On The Markets, Sonoma Wealth Managing Principals Daren Blonski CFP®, Chris Sipes CFP® and Sonoma Wealth Marketing Director Dano Weir look at: 
• The market’s up 16% this year?  Don’t tell that to job cuts.  Which states have been hit the worst.  Is it all AI?  Or is COVID over-spending finally hitting the fan? 
• The stock market is definitely not in sync with the other market, real estate.  A look at Americans owning stocks hitting an all time high. 
• What pattern in oil might mean pump the brakes on recession calls 
 
4:00 Job Cuts by US State in 2025 
9:42 Unemployment rate 
11:50 Consumer Price Index is “flat” 
17:43 EUROPE and SOUTH KOREA had a better year than the US market?! 
20:00 Investor sentiment 
20:52 Equal weight S&P very different than cap weight 
23:13 US households more stocks than ever 
28:47 FMS level drops to record low 3.3% 
32:30 A look at economic data 
32:20 S&P heat map 
35:00 Bitcoin 
35:10 S&P chart and VIX 
36:15 Value of the dollar and oil 
38:10 Gold 
 
Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/ 
 
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