Matt Curfman, CFP®, CEO & Co-Owner of Richmond Brothers, covers the environment in the third quarter and the broad market performance. What does Richmond Brothers feel is ahead? Find out in this month’s Matt’s Minutes clip!

• 0:31 3rd quarter environment overview
• 1:05 Downgrading of US credit rating
• 1:31 Broad market performance negative
• 2:09 US unemployment rate
• 2:26 US core Inflation rate
• 3:25 Short-term interest rate kept flat by Fed
• 3:44 Corporate earnings from US businesses
• 4:20 Richmond Brothers’ thoughts of cautious optimism
• 4:50 Your individual portfolio plans

Or check out the Closed Captions here!

Sources:

Research Reports

YCharts

Bank of America raises year-end S&P 500 price target

https://www.washingtonpost.com/business/2023/08/01/downgrade-federal-government-fitch-debt-ceiling/

The commentary in this video reflects the personal opinions, viewpoints and analyses of Richmond Brothers employees, and should not be regarded as advisory services provided by Richmond Brothers, and are subject to change at any time without notice. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Past performance is no guarantee of future results. Any indices referenced for comparison are unmanaged and cannot be invested into directly. As always please remember investing involves risk and possible loss of principal capital; please seek advice from a licensed professional. Richmond Brothers, Inc. does not provide tax advice.