Wealth managers shed some light on the future of solar stocks now that the OBBBA has been enacted.
"The rate-setting committee has set the stage to take action at the next meeting. If economic conditions weaken, the committee will likely cut rates by a quarter point in September," said Jeffrey Roach, chief economist at LPL Financial.
President Donald Trump, Treasury Secretary Scott Bessent, and two Federal Reserve governors have all raised concerns questioning the central bank's leadership.
"This report is unlikely to shift the Federal Reserve's stance ... For investors, this reinforces the importance of managing risk and focusing on fundamentals, rather than reacting to headline numbers," said Gina Bolvin, president of Bolvin Wealth Management Group.
At the end of May, the Bluerock Total Income + Real Estate Fund said the net asset value, or NAV, of its Class A and Class C shares, respectively, was $25.74 and $23.71.
Investors await quarterly results from tech giants Microsoft, Meta, Apple, and Amazon, as well as the Federal Reserve's key July rate decision.
Even with greater consensus, it is still unlikely rates will be cut on July 30.
Trade deals and interest rates high on the agenda for market watchers this week.
“The questions is, how does an asset manager choose opportunities like this to invest in,” one executive said. “What’s the due diligence?”
The new offerings, including managed options on Franklin's canvas platform, come as managed account assets surge in the US to hit $13.7 trillion.
Staffing shortfalls, new policies, and increased demand for clarity create potential speed bumps for tax planning and compliance.
The finance professor and quant investing veteran believes with the right guardrails, artificial intelligence could be trusted to meet the high bar of fiduciary advice.
The sought-after amendment to a 2001 FINRA rule would bring the industry in line with the realities of today's retail investors, broker-dealer advocates say.
Continued bullish momentum in the equity markets could quickly turn bearish on disappointment in earnings or less-than-sunny economic data.
But polls show mixed sentiment as market volatility endures.
Meanwhile, those earning less are feeling cautious about spending too much.
Nvidia saw restrictions on its China business lifted this week and that is lifting the spirits of wealth managers bullish on the tech giant's future.
Stronger-than-expected economic support from consumers reinforces the case for the Federal Reserve to stay in its holding pattern on rates.
Despite a positive US market outlook, analysts at the alternative giant counselled increased international exposure as bigger deficits and geopolitical uncertainty take hold.
Ten out of 12 districts expect future economic activity to either flatline or soften in the upcoming months, according to the Fed's Beige Book release.
