) are trading at record levels. Edelman Financial Engines Director of Financial Planning Kelli Smith joins to break down some of the Social Security remains a top concern for retirees as latest reports detail it could dry up by 2035. Memorial Day weekend is right around the corner and with it comes great discounts across amny retailers,I'm Brad Smith and this is Yahoo Finance's guide to building your financial footprint.
We've got your rule of thumb for how you can go on a budget and spend in a sea of sales and what you can hold off on on the other side of that.We're 90 minutes into today's trading activity and we're taking a look at the Dow Jones industrial average right now.And the NASDAQ composite, you're seeing that higher by 6/10 of a percent.And that is Wall Street feeling pretty giddy, but main street isn't necessary feeling.
Joining me now, we've got Eric Friedman who is the US Bank Asset Management Group, chief Investment Officer.Great to have both of you here with us today. It's, it's the same thesis going throughout in here that prices are high inflation is helping to keep those prices remaining high. If you don't own a house, you want one, it's of course, very difficult to get one both with respect to housing prices, then also the cost of financing.If you, if you have a house, you feel pretty good about it.
So in general, consumers are doing well, but you're starting to see some level of disparities across a different income cohorts which you and corporate earnings can provide some more insights into Steve, you know, just one more question on the economy here. And, and we have similar conclusions about just the the importance of of interest rates when we're looking at things like this kind of cash flow models, the way that we try to look at stocks or bonds or other instruments.And, and there's been a little more of a reconciliation between the fed and the market in, in 20 to 24 but 2025 and 2026 there's a bit of a disparity there.
So I think there will probably be some level of rate cuts but not as many as the market may anticipate for this year and perhaps uh the balance of next year. I also think there's an area that is probably a little less uh uh you know, appreciated as equal weighted S and P. You talk about the dow reaching its all time, high equaled S and P has lagged for the last couple of years and for good reason because because of course, we've had more of a tech driven backdrop.
Source: Digital Coin News (digitalcoinnews.net)
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