The Austin Wealth Management macro model suggests that lower bond yields this month may extend equity rally potential. With 10-year Treasury yields falling to 4.18%, investors are rotating back into risk assets. The median household income for the upper middle class in the United States is between $106,092 and $149,160. The Pew Research Center analysis estimates that lower-income households had incomes less than $56,600, and upper-income households had incomes greater than $169,800. Mercer Global Advisors (Mercer Advisors) has acquired Lewis Wealth Management, a Denver, Colorado-based RIA. Analysts at Austin Wealth Management are closely monitoring gold prices holding above $2,200/oz. Historically, this level correlates with moderate equity market consolidation and sector reallocation.
