Fab advice

Morning coffee ☕️

Source: #Bloomberg

Stocks, not houses, have been the largest single asset on household balance sheets for a while — and the gap is widening #Axios

Episode #168 with Lindy Claassen from Brown Shipley is now live! We talk about women investors, redefining wealth, the Great Wealth Transfer and why we need more women to back female founders. Please enjoy! Listen on Spotify+ (links below) 👇

"...By the numbers: Americans' wealth jumped by $12.8 trillion in the second quarter, per Fed data, led by a nearly $11 trillion gain in stock holdings and other financial assets (see chart). That's the biggest single quarterly increase, in dollar terms, on record..." #Axios

…The 10-year rate rose almost 17 basis points to 5.13%, the highest since 2007. The yield on the maturity, a benchmark for everything from mortgages to global corporate bonds, is heading for its seventh straight monthly increase, matching the longest climb since 2011… #Bloomberg