Equilibrium Insider 11.7.24
Equilibrium Wealth Advisors
Wealth Management firm serving physicians, retirees, corporate leaders, and business owners.
Welcome to Equilibrium Insider. Each week, our team delivers sharp market commentary, thought-provoking ideas, and curated recommendations. No filler, just what you need to get ahead.
Market Commentary
Are we witnessing an historic event?
For an airplane or a spacecraft, a soft landing occurs when the vehicle “touches the ground in a controlled and gradual way that does not damage it,” according to The Britannica Dictionary.
For the American economy, a soft landing happens when the Federal Reserve raises interest rates to cool the economy and push inflation lower—and achieves its goal without causing a recession and significantly higher unemployment. It’s not an easy task.
“Historically, soft landings have been tough to pull off…Keeping unemployment and inflation low while at the same time having robust growth is difficult. Threading that needle has proven to be quite elusive,” reported a source cited by Aly J. Yale of The Wall Street Journal.
Solid economic growth, low unemployment, rising wages, and falling inflation have one Federal Reserve official and several economists declaring that the American economy has achieved this rare event—a soft-landing, reported Bryan Mena of CNN.
So, exactly how well is the U.S. doing?
READ MORE ??
Podcast
Jamison Smith and Matt Blocki examine the psychological and financial effects of unexpectedly inheriting or acquiring large sums of money. They highlight the challenges, such as identity shifts and feelings of guilt, that often lead to social isolation. By aligning financial choices with personal values, those experiencing “sudden wealth syndrome” can approach their new circumstances with greater confidence and stability.
Recommendations
Finish: Give Yourself the Gift of Done by Jon Acuff
Acuff tackles the common struggle of not completing goals and projects, offering practical advice and strategies to overcome perfectionism, procrastination, and other obstacles. By emphasizing the importance of setting realistic goals and celebrating progress, the book provides readers a roadmap to achieve objectives and enjoy the satisfaction of doing so.
CHECK IT OUT ??
Team Takeaways:
Quote of the Week
“Uncertainty is an uncomfortable position, but certainty is an absurd one.”
— Voltaire
At Equilibrium Wealth Advisors, we help physicians, retirees, corporate leaders, and business owners reach their goals with a stress-free, integrated approach to wealth management.