
With the S&P 500 hitting new intraday highs, these are great times to be invested in domestic equities. But what, if anything, could go wrong? Hello, my name’s Paul Carroll. I’m the CEO and founder of Efficient Wealth Management, a boutique wealth management firm here in south Texas. Today is Friday, August 24, and the S&P 500 hit an intraday high of 2,873. It’s too early to tell how it’ll end the day or the week, but clearly the market is bouncing along new highs as we progress. What is going on? Well, the world is healing. It is post-2008, and there’s a strong domestic and international economic tide. It is definitely raising all boats. Yesterday, Fed Chairman Powell indicated that inflation is not really a concern. Now that may or may not be a slightly political statement to protect the independence of the central bank, but he was quite...
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