The Declaration of Independence was signed on July 4th, 1776. The document was written on July 2nd by Thomas Jefferson. Yes, I know what you are thinking. Just 242 years ago today Thomas Jefferson and the Continental Congress created the foundation of our amazing country.
Our independence along with the foundation of entrepreneurship, individualism, and creativity has made the USA the best place to live. With this incredible prosperity, one of the youngest nations in the world is the wealthiest nation today. And the wealth generation continues with over 80 trillion dollars of wealth in the USA.
The stock market has had a tough few weeks, and the S&P is still up over 12% for the past 12 months. Not a bad year so far. What is in the store is yet to be seen, but there will be some volatility as things move forward. Mexico has elected a new president (Lopez Obrador), and NAFTA is still being negotiated.
The yield curve continues to flatten with higher short-term rates. We are currently at a 33-basis point spread between the 2-year and the 10-year US Treasury yields.
Today is a good day to understand the risks in your Balance Sheet if interest rates invert.
Contact your advisor to discuss the options to ensure long-term success.
Have a great 4th of July week.
God Bless America.
* Data Source: Bloomberg *