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…