Your Money

The consensus thinking is that the US will have a recession in the second half of 2023. There is stress in the banking system. Inflation is stubbornly high, along with the interest rates to battle it. The debt ceiling drama plays on. Cash, for the first time in a long time, offers a competitive incentive at 5% to sit on the sidelines and wait for clarity. Yet, the stock continues its steady rise. Or does it?

There is a new stock market buzzword: Artificial Intelligence, or AI. Reminiscent of dot-com in the late 90s and echoes of "this time, it's different," AI stocks have gone hyperbolic this year, leaving the rest of the stock market in the dust.



At PWM, we believe in diversification with a tactical tilt toward quality, reasonable valuations, and strong balance sheets. We use this lens for large companies, small companies, US companies, and International ones. This often, but not always, results in owning companies that share their success with shareholders in the form of a dividend. Sometimes, that's just boring.

The Stock Market’s Rally Is Being Driven by a Few Big Stocks
by Nicholas Jasinski

Your Life

Induction cooking has gained popularity in the last few years, surpassing electric cooktops and within three percentage points of gas cooking. What is an induction cooktop? It is an electric cooktop that uses electromagnetism to heat cookware, essentially turning the cookware into its own heat source. Because these cooktops heat cookware with electromagnetism, the system is highly efficient, allowing for a rapid rise or drop in temperature. Advantages include creating a cooler, more comfortable kitchen environment, safety due to no flames, better performance, and superior styling. In addition, with the growing trend of phasing out natural gas in new homes, its staying power is very bright.

Here’s Why Trend-Setting Induction Technology Is Worth Considering For Your Home
by Jamie Gold

Complexity Simplified

Trivia