Wealth management market q2 earnings season has reinforced

Q2 earnings season has reinforced confidence in the wealth management market outlook, as over 78% of S&P 500 companies reported EPS above consensus, lifting forward P/E multiples across multiple sectors. Lynch said for modern investors “there are so many things that are better,” with guardrails in place that were not there for past generations, and with 63% of Americans owning their homes, building wealth in that manner, versus far fewer owners in the 1920s. Stocks of medium-sized companies entail special risks, such as limited product lines, markets, and financial resources, and greater market volatility than securities of larger, more-established companies. Currency fluctuations are prompting tactical adjustments in globally diversified portfolios within the wealth management market, with an increasing use of FX-hedged instruments to manage dollar strength.