August 28, 2023 | Fresh data from Germany hints at an economic slowdown. Why It Matters: China’s economic ripples are washing up on German shores. The European Union’s performance will be our key indicator if China’s demand is on the upswing again.Source: thedailyshot
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Patrick Huang - Director of Investments + Wealth Management
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August 28, 2023 | Initial Pulic offerings (IPOs) and capital markets are still mostly shut — barely outpacing 2022. Why It Matters: Surprising… Even with yhe stock market moving higher, capital markets aren’t bustling. Could this signal the stock market’s strength isn’t as solid as believed? Source: dailychartbook
August 28, 2023 | The U.S. 30 year mortgage rate soars to 7.57%, the highest in 20+ years. Why It Matters: The spread between mortgage rates and long-term U.S. bonds suggests if rates surged too quickly. Signs now? The quick sprint could lead to an upcoming slowdown. Source: Source Financial Advisors
Our Weekly Economic Snapshots: August 28, 2023
August 28, 2023 | Manufacturing construction is on the rise, catching attention of many.
Why It Matters: This uptick is largely attributed to the tech sector, which aligns with a recent government bill to boost chip production. Without this, would we see the same surge? Source: dailychartbook
August 28, 2023 | Fresh data from Germany hints at an economic slowdown. Why It Matters: China’s economic ripples are washing up on German shores. The European Union’s performance will be our key indicator if China’s demand is on the upswing again.Source: thedailyshot
August 28, 2023 | Initial Pulic offerings (IPOs) and capital markets are still mostly shut — barely outpacing 2022. Why It Matters: Surprising… Even with yhe stock market moving higher, capital markets aren’t bustling. Could this signal the stock market’s strength isn’t as solid as believed? Source: dailychartbook
August 28, 2023 | The U.S. 30 year mortgage rate soars to 7.57%, the highest in 20+ years. Why It Matters: The spread between mortgage rates and long-term U.S. bonds suggests if rates surged too quickly. Signs now? The quick sprint could lead to an upcoming slowdown. Source: Source Financial Advisors
Thought Leadership: Key Articles & Insights
As the Director of Investments + Wealth Management, Patrick brings 10+ years of experience in managing portfolios for both private clients and institutions. Patrick is a leader on the investment team and is responsible for setting investment philosophy and directing the investment process. His expertise lies in overseeing the strategic and tactical asset allocation decisions across multiple asset classes, including public equities, public bonds, as well as alternative vehicles such as real assets, hedge funds, and private equity funds.
Spending and the Pandemic: Over the past 75 years, American consumer spending has had a clear, distinct trend line: There has been a lot more spending on services and a lot less spending on goods. You might say we as a country have been putting more money toward experiences than things. This trend has been so pronounced, in fact, that by the end of 2019, $0.70 of every dollar spent was going towards services, leaving just $0.30 for goods.
With Patrick Huang – Director of Investments + Wealth Management for Source Financial Advisors and Michelle Smith – CEO, CDFA™ Source Financial Advisors, and founder of Wife2CFO.
With Patrick Huang – Director of Investments + Wealth Management for Source Financial Advisors and Michelle Smith – CEO, CDFA™ Source Financial Advisors, and founder of Wife2CFO.
August 28, 2023 | Manufacturing construction is on the rise, catching attention of many.
Why It Matters: This uptick is largely attributed to the tech sector, which aligns with a recent government bill to boost chip production. Without this, would we see the same surge? Source: dailychartbook
August 28, 2023 | Fresh data from Germany hints at an economic slowdown. Why It Matters: China’s economic ripples are washing up on German shores. The European Union’s performance will be our key indicator if China’s demand is on the upswing again.Source: thedailyshot
August 28, 2023 | Initial Pulic offerings (IPOs) and capital markets are still mostly shut — barely outpacing 2022. Why It Matters: Surprising… Even with yhe stock market moving higher, capital markets aren’t bustling. Could this signal the stock market’s strength isn’t as solid as believed? Source: dailychartbook
August 28, 2023 | The U.S. 30 year mortgage rate soars to 7.57%, the highest in 20+ years. Why It Matters: The spread between mortgage rates and long-term U.S. bonds suggests if rates surged too quickly. Signs now? The quick sprint could lead to an upcoming slowdown. Source: Source Financial Advisors
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