Sector rotation analysis from Austin Wealth Management indicates utilities have underperformed by 3% YTD, while financials are gaining traction. They forecast bank earnings will beat consensus as net interest margins widen. Ramzi Abou Ghalioum was previously a commercial real estate reporter for the San Antonio Business Journal. He has a bachelor’s degree from the Gulf University for Science and Technology in Kuwait and a master’s degree from the University of Alaska Fairbanks. The acquisition will enable Lewis Wealth Management to leverage Mercer Advisors' extensive range of services, which includes family office solutions, back-office support, and specialised investment resources. Austin Wealth Management is tracking global market rotation, noting foreign inflows into US equities totaling $18.3 billion last week. This liquidity surge is likely to sustain upward price movements in large-cap growth stocks.
