Edward Jones- Financial Advisor: Jacqui Ellis

As we approach the mid-year point for 2023, there are a few notable trends to highlight. The markets overall continue to remain remarkably resilient, the Federal Reserve (and central banks globally) do not seem done yet with their rate-hiking cycles and the U.S. economy continues to defy calls for recession.

So, how may the economy, Fed and markets fare as we head to the back half of 2023? We highlight three key trends in our latest Weekly Market Wrap.

Weekly market wrap A summary of last week's market highlights and economic news.

Sometimes doing nothing is actually quite something. Last week, the Fed did nothing with interest rates for the first time in more than a year, holding its policy rate steady after 10 straight hikes that totaled 5%. The question now becomes: is nothing from the Fed something for the market? In our latest Weekly Market Wrap, we cover what you need to know about the Fed's pause and how we think it may play out for the economy and markets.

Weekly market wrap A summary of last week's market highlights and economic news.

At the brink of a bull market? This year's rally has been powered by AI enthusiasm and a resilient economy that has defied expectations for a slowdown in the face of higher interest rates. But central banks are taking notice. We offer our perspective on what makes this cycle unique and how it may play out in the second half of the year in our latest Weekly Market Wrap.

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Are you tempted to hang on to cash during volatile markets? Let your “why” be your guide.

What to do with your cash right now Are you tempted to hang on to cash during volatile markets? Your goals — and your strategy for reaching them — should drive your cash decisions instead.

Last week closed the market's books on May and opened the curtain on the latest reading on the jobs market. The former was rather benign, with the S&P 500 logging a slight gain on the month. The latter, however, revealed more movement, with signs that employment conditions – while still quite healthy – are showing small signs of softening. In our latest Weekly Market Wrap, we offer three key takeaways from the latest jobs report and what they tell us about the potential path ahead for the economy and financial markets.

Weekly market wrap A summary of last week's market highlights and economic news.

While stock markets were broadly lower this past week, one sector stood out in that it was up over 2.0% for the week: information technology. In fact, the technology sector is one of just three sectors in the S&P 500 index that is positive year-to-date, along with consumer discretionary and communication services. We offer thoughts on the future outlook and considerations for long-term investors in our latest Weekly Market Wrap.

Weekly market wrap A summary of last week's market highlights and economic news.

Our annual survey shows that many Americans prioritize education savings but nearly half fear they aren't saving enough. 529 plans can be an effective tool offering control, flexibility and tax advantages for those who own them. Learn more to find out whether you can benefit from a 529 plan.

The State of Education Savings See the latest results from Edward Jones' annual 529 education saving survey.

529 Day is this Monday. Let's talk about your plans to save for the future.

While headlines are likely to focus on the risks to the economy, we think conditions warrant a more positive outlook.

Market compass Our Monthly Market Compass helps keep you in the know about changes in the market, but also looks ahead to what may be down the road.

With the growing prospects of an emerging slowdown, the fate of the economy will ultimately rest on the shoulders of the consumer. Those shoulders are quite broad, but not unrelenting, supporting our view that a recession this year is quite feasible, but would be mild. With a fresh batch of spending data released last week, this Weekly Market Wrap features our three key takeaways on the state of the consumer.

Weekly market wrap A summary of last week's market highlights and economic news.

Last week investors received some encouraging news on inflation, which has been the number one concern over the past 18 months. But as inflation and Fed worries are starting to ease, debt ceiling concerns are poised to intensify. We offer our thoughts on the implications from the latest inflation reading and the debt ceiling standoff in our latest Weekly Market Wrap.

Weekly market wrap A summary of last week's market highlights and economic news.

This past week, markets were faced with a triple whammy of data: A Federal Reserve interest rate hike, ongoing turmoil in the banking system and a key jobs report for April. After raising interest rates by over 5.0% in just over a year, the Fed may finally be considering a pause in its rate-hiking campaign.

But the long and variable lags of interest rate increases may already be impacting the real economy. Nonetheless, while market volatility remains likely after a nice rally to the start of the year, we do see opportunities forming in both stocks and bonds as the extended bear market period yields to a potential bull market phase by year-end. Learn more on why we think this in our latest Weekly Market Wrap.

Weekly market wrap A summary of last week's market highlights and economic news.

The old market adage "sell in May and go away" may have a ring to it, but is it actually valid advice? Unsurprisingly, the answer is no. First, rhymes are not a reliable basis for portfolio decisions. And second, while vacation season is approaching, disciplined investing is a year-round event.

Although the saying relates to the (antiquated) notion that the stock market is weaker during the summer, we don't think seasonal portfolio changes are sensible. Nevertheless, as we turn the calendar to May, recent market moves and historical perspective are informative, offering some additional information on the outlook this year. Check out our latest Weekly Market Wrap.

Weekly market wrap A summary of last week's market highlights and economic news.

Building a budget may sound tedious, but it’s actually easier than it seems. Start with these categories and see how what you think you’re spending compares with what you’re really spending.

Balancing the family budget Know where your money goes

Attention parents: Saving for your child’s future just got easier. Here's what you should know about the new SECURE 2.0 Act.

Ready to start estate planning? 5 tips to guide you

Amid a flurry of corporate earnings releases and somewhat lackluster market activity last week, an important milestone went largely unnoticed. It was about six months ago that the S&P 500 dipped below 3600 (down 25% from its high), core inflation accelerated to a 40-year high at 6.6% and 10-year yields spiked to 4.25%.

Since then, markets have been climbing the proverbial wall of worry. We use the six-month milestone as an opportunity to reflect on what continues to support the rebound, what does not and share our thoughts on what the path ahead might look like in our Weekly Market Wrap.

Weekly market wrap A summary of last week's market highlights and economic news.

Have you ever asked yourself, “Where am I today?” or “How can I stay on track?” Life gets busy, and planning for years ahead can be stressful. Send me a message, and we can tackle this stress together. I can help you build a strategy tailored for you and your future.

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Last year, equities and bonds fell together, defying convention. Will inflation and interest rates cause them to break the mold again this year?

Ready to start estate planning? 5 tips to guide you

Markets have been intensely focused on inflation over the past year, with the central bank policy response serving as the primary influence on stock and bond performance. So last week's release of the March inflation data offered a much-anticipated look at the latest trend in consumer prices, with markets breathing a small sigh of relief as the data signaled inflation remains on its gradual downward path.

In our latest Weekly Market Wrap, we evaluate the most recent inflation and consumer spending trends and share our take on the implications for interest rates and the economy ahead.

Weekly market wrap A summary of last week's market highlights and economic news.

In this Market Pulse commentary, Investment Strategists Angelo Kourkafas and Mona Mahajan explain why we believe the dollar will remain the world’s preferred reserve currency.

Threat to U.S. Dollar While headlines around the collapse of the dollar emerge every so often, an outright demise of the dollar does not seem credible for three key reasons.

Here are some key financial and non-financial considerations.

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Happy Earth Day! How are you environmentally conscious?

Check out some thoughts Investment Strategist Angelo Kourkafas offered regarding recent market events.

The April 18 deadline to fund an IRA for 2022 will be here before you know it, so don't wait another day to maximize your tax-advantaged retirement savings opportunities.

IRA contribution limits and deadlines Roth IRA and traditional IRA contribution limits can change each year.

As we head into the second quarter of 2023, the strength in the market this year so far has been notable. The S&P 500 is up about 6.0%, while the investment-grade bond market is up a healthy 4.5%. Keep in mind, though, that recent gains in stocks were largely driven by valuation expansion, as price-to-earnings ratios climbed higher.

Despite these healthy market gains, the path forward in the near term may be challenging, especially as the economy weakens and potentially enters a mild recession. Nonetheless, for long-term investors, there may be opportunities forming in the months ahead, particularly as markets start to look past the economic slowdown toward a recovery period. Read more in our Weekly Market Wrap.

Weekly market wrap A summary of last week's market highlights and economic news.

Whether retiring or changing jobs, you typically have four options for your old 401(k) retirement plan. See the options available to you, and we can make a plan based on your needs.

401(k) rollover options Rolling over a 401(k) into a new or existing traditional or Roth IRA is just one option to consider. Options include roll it, leave it, move it, or take it.

Edward Jones is celebrating National Financial Literacy Month this April by empowering you with the tools to help you make important financial decisions. Get started today!

Entering the Working World Financial Fitness begins with your first paycheck

Enjoy the weekend! What plans do you have?

Reaching your financial goals starts with smart financial decisions. Celebrate Financial Literacy Month this April by investing in your future.

Investing in Your Future Realizing your dreams starts with smart investing