The Market Update with EP Wealth Advisors Managing Director of Investments, Adam Phillips, CFA®, CAIA, CFP® Mixed Inflation Signals and Fed Leadership in the Spotlight The June Consumer Price Index (CPI) report brought mixed news for markets. While overall inflation appeared moderate—marking the fifth consecutive month of softer-than-expected core readings—some…
Market Update: Riding the Rally, But Watch for Trade Risks Markets continue to hover near all-time highs, with the S&P 500 up roughly 26% since its April 8 low. That date marked the day before President Trump announced a 90-day pause on tariffs—a move that has since been extended through…
President Trump’s “one big, beautiful bill” was signed into law on July 4th, beating expectations and easing a major source of market uncertainty. Among its provisions, the bill extends and makes permanent the individual tax cuts from the 2017 Tax Cuts and Jobs Act—avoiding what would have been a $400…
As the first half of 2025 wraps up, the S&P 500 has reached a new all-time high—rebounding over 25% since April. But elevated valuations, looming tariff deadlines, and unresolved fiscal policy keep investors on edge. In this update: What drove the market’s sharp rebound Why caution is still warranted heading…
This week’s Market Update focuses on the financial ripple effects following the weekend’s strike on Iranian nuclear sites. While markets remain relatively calm for now, investors are watching oil prices closely—and keeping an eye on potential retaliation from Iran. In this episode: Why markets may be underpricing escalation risk The…
The Market Update Markets responded positively to May’s jobs report, which showed 140,000 new jobs and a steady 4.2% unemployment rate. But beneath the headline numbers, warning signs are starting to emerge. In this week’s Market Update: The labor force shrank by 625,000—raising concerns about discouraged workers Job gains were…
The Market Update A Strong May, Rising Tariffs, and What’s Next for the Economy In this week’s Market Update, Adam Phillips, EP Wealth’s Managing Director of Investments, breaks down May’s unexpected market strength, the economic impact of the new "Liberation Day" tariffs, and what to watch in the upcoming jobs…