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This coming Monday we honor the men and women who died while serving in the United States Military. This holiday was formerly called Decoration Day, in the United States, and occurs every year on the last Monday of the month in May. It originated during the American Civil War when citizens placed flowers on the graves of those who had been killed in battle. Thank you to all who have sacrificed for our freedom.
After retailers announced earnings this week, the market rallied impressively. The results from names like Target (TGT), Walmart (WMT), Macy’s (M), and Dollar General (DG) were mixed. Some companies reporting substantial profits while others had issues with high inventories and supply chain issues. Despite this, retail sales continue to be strong. In addition, the Federal Reserve minutes were released on Wednesday. The Federal Reserve stated in the report that a 0.50% interest rate hike is anticipated next month, with additional 0.50% hikes possibly after that – markets rallied on the news. For the week, the S&P 500, Dow Jones Industrial Average, and Nasdaq are all up 4.05%, 4.45%, and 3.10%, respectively, with the 10-year Treasury yield marginally lower at 2.75% all as of today’s close.
Thank you to everyone who attended our webinar on “Getting Good Leverage: Credit, Loans, & Borrowing” yesterday. I hope you enjoyed it and found it informative. The playback video will be up on our website soon. Be on the lookout for the invitation for our next webinar. Recordings of our previous webinars are on our website for viewing. Click here to watch. Feel free to share these links with your friends and family if you think they are topics they will find interesting.
As always, with the market volatility please call our office if you would like to discuss any questions or concerns you may have regarding your portfolio or schedule a review. Our toll-free number is (888) 253-0288 or email Kellie@apriem.com to schedule a meeting with your Wealth Manager.
In observance of the market holiday schedule, Apriem Advisors will be closed on Monday, May 30, 2022, in observance of Memorial Day.
As we enter the weekend, and we reflect and honor our fallen soldiers, let us also take a moment to remember the children and teachers who lost their lives in Texas.
“Hope is being able to see that there is light despite all of the darkness.”
– Desmond Tutu
Rhonda Ducote, AIF®
President
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Advisory services offered by Apriem Advisors (“Apriem”), a registered investment adviser with the United States Securities and Exchange Commission in accordance with the Investment Advisers Act of 1940. Any reference to or use of the terms “registered investment adviser” or “registered,” does not imply that Apriem Advisors or any person associated with Apriem Advisors has achieved a certain level of skill or training. Apriem Advisors may only transact business or render personalized investment advice in those states and international jurisdictions where we are registered, notice filed, or where we qualify for an exemption or exclusion from registration requirements. For complete information about our firm, please refer to our Form ADV Part 2A, 2B and CRS at any time.
The information provided in this report should not be considered a recommendation to purchase or sell any particular security. There is no assurance that any securities discussed herein will remain in an account’s portfolio at the time you receive this report or that securities sold have not been repurchased. Past performance is no guarantee of future results. The reader should not assume that investments in the securities identified were or will be profitable.”
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