NewEdge Wealth

Last week, we noted a “change of speed” for the U.S. economic growth outlook. Inflation has resumed its decline, and there are emerging signs of fraying in the U.S. labor market. While equity investors have not yet seen downward GDP revisions as a reason to turn cautious (likely because they also brighten hopes for rate cuts), corporate credit spreads are now several months removed from their 2-year lows. We are becoming concerned that High Yield credit, in particular, may be on the “Highway to the Danger Zone”. Read this week's #WeeklyEdge here: https://lnkd.in/evGC_WHG #NewEdgeWealth

We are thrilled to welcome Kirsti Goodhue as our new Associate, Client Service. With over eight years of experience, Kirsti is dedicated to enhancing client experiences at NewEdge Wealth. Her role involves providing comprehensive operational support to both clients and advisors, anticipating client needs, resolving issues, and ensuring exceptional service. Join us in welcoming Kirsti to the team! #NewEdgeWealth #ClientService #WealthManagement

Successful entrepreneurs are typically laser-focused on running their business and have little time to focus on much else, let alone prepare for the emotional side of selling the business. There are no “ready set-go” solutions. Recognizing that there are emotional elements that are best addressed prior to switching tracks in your entrepreneurial career is the first step towards a successful, post-sale life regardless of the track you choose. Download a digital copy of the whitepaper here: https://lnkd.in/eZniQ-2Y #NewEdgeWealth

In his recent speech at the ECB Forum on Central Banking, Federal Reserve Chair Jerome Powell highlighted the cautious stance on cutting interest rates despite disinflationary trends. Cameron Dawson, CFA, Chief Investment Officer of NewEdge Wealth, shared valuable insights on this topic, noting that growth stocks have outperformed value stocks by 16% this year due to earnings revisions. Cameron emphasized the importance of monitoring key economic indicators, suggesting that significant rate cuts would depend on labor market deterioration rather than just inflation trends. With unemployment steady at 4.0%, this Friday's job data will be crucial in shaping future Fed decisions. Stay informed on how these economic shifts could impact market dynamics by reading the full article here: https://lnkd.in/esGiDJ_q. #NewEdgeWealth #FedPolicy #MarketInsights #EconomicIndicators #InvestmentStrategy

Cameron Dawson, CFA, Chief Investment Officer, recently joined CNBC’s “Closing Bell” to discuss markets, the outlook for the second half of the year and the possibility of more broadening in the market. Watch the recap here: https://lnkd.in/eP3eSuxq #NewEdgeWealth #CNBC

There has been “a change of speed, a change of style” for the U.S. economic growth outlook. For the first time in over twelve months, U.S. GDP forecasts for 2024 have been trimmed, and with these cuts, the “new dawn” has faded for continued growth acceleration in the U.S. Read this week's #WeeklyEdge here: https://lnkd.in/ed_QRtqj #NewEdgeWealth

Wishing you a safe and enjoyable Independence Day! #NewEdgeWealth

In a rapidly evolving wealth management landscape, how do you build a platform that stands out from the crowd? Rob Sechan, Co-Founder & CEO, and Cameron Dawson, CFA, Chief Investment Officer, recently sat down with Michael Sidgmore to explore this question on the Alt Goes Mainstream podcast. NewEdge is one of the fastest-growing wealth platforms out there, and Rob and Cameron shared some fascinating insights on how they've embraced change to drive this success. Here are some key takeaways from their discussion: • The evolution of Super RIAs • The role of alternatives and the importance of due diligence • Why liquidity and portfolio construction matter Listen in here: https://lnkd.in/eSGujgbA #NewEdgeWealth

The transfer of wealth from one generation to the next is an obstacle all high net worth families face during the estate planning process. The need for proper communication about potential strategies to ensure these transfers go smoothly for families is even more significant. So what can you do to prevent this…to extend your legacy? The team at NewEdge Wealth has prepared a whitepaper with important information you should know. Download a digital copy of the whitepaper here: https://lnkd.in/eWsHJiZg By John Straus, Jr., CFP® #NewEdgeWealth

Don't miss Cameron Dawson, CFA, Chief Investment Officer, on Yahoo Finance tomorrow morning at 9 AM ET! #CNBC #YahooFinance