Markets Push Higher

The stock market rebounded nicely this week, with the headline S&P 500 index jumping more than 2.75%. The Russell 2000 also strongly rallied, closing up nearly 5%. Following last week’s Fed induced “freak out” that rates may be rising sometime two years from now, Fed Chair Jerome Powell, eased the market’s concern on Monday reiterating that the Fed will still remain accommodating in the near term.

The long end of the US Treasury bond market saw rates rise, causing a nearly 3% drop in the price of TLT (iShares 20+year US Treasury Bond ETF). Tech shares continued a solid month, as the Nasdaq 100 added over 2%, bringing the month to date return to over 4.7%. Gold pared some of its monthly losses by gaining nearly 1%.

With the Federal Reserve seemingly unwilling to upset equity markets, or uncommitted to restraining rising asset prices, it appears the stock market may continue to trend higher. All this, of course, can change at the drop of a hat as markets are typically unsettled by the unsuspected. That’s about all I have for you today. We both hope you enjoy your weekend and hope that you are able to get out and travel now that much has re-opened.

Thanks for reading,

Zach and Dave

   Disclosures

All opinions are subject to change without notice. Neither the information provided, nor any opinion expressed, constitutes a solicitation for the purchase or sale of any security. Past performance is no guarantee of future results.  Tax laws are complex and subject to change. Calibrate Wealth LLC, does not provide tax or legal advice respect to the services or activities described herein except as otherwise provided in writing by Calibrate Wealth. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a retirement plan or account, and (b) regarding any potential tax, ERISA and related consequences of any investments made under such plan or account.

This material does not provide individually tailored investment advice. It has been prepared without

regard to the individual financial circumstances and objectives of persons who receive it. The strategies

and/or investments discussed in this material may not be suitable for all investors. Calibrate Wealth

recommends that investors independently evaluate particular investments and

strategies, and encourages investors to seek the advice of a Financial Advisor. The appropriateness of a

particular investment or strategy will depend on an investor’s individual circumstances and objectives.

Investing in commodities entails significant risks. Commodity prices may be affected by a variety of

factors at any time, including but not limited to, (i) changes in supply and demand relationships, (ii)

governmental programs and policies, (iii) national and international political and economic events, war

and terrorist events, (iv) changes in interest and exchange rates, (v) trading activities in commodities

and related contracts, (vi) pestilence, technological change and weather, and (vii) the price volatility of a commodity. In addition, the commodities markets are subject to temporary distortions or other

disruptions due to various factors, including lack of liquidity, participation of speculators and

government intervention.

Foreign currencies may have significant price movements, even within the same day, and any currency

held in an account may lose value against other currencies. Foreign currency exchanges depend on the

relative values of two different currencies and are therefore subject to the risk of fluctuations caused by

a variety of economic and political factors in each of the two relevant countries, as well as global

pressures. These risks include national debt levels, trade deficits and balance of payments, domestic and

foreign interest rates and inflation, global, regional or national political and economic events, monetary

policies of governments and possible government intervention in the currency markets, or other

markets.