*|MC_PREVIEW_TEXT|* https://preservewm.com We've been keeping up with the latest headlines... here are two of our favorites worth sharing. ** Your Money ------------------------------------------------------------ Companies are starting to report their first set of earnings for 2024, and they matter more than usual for stocks because the other main support for elevated markets—hope for rate cuts—is being chopped away. At the start of the year, hopes for as many as six or seven rate cuts in 2024 spurred optimism about stocks. Now, traders keep dialing back expectations. Interest-rate futures now imply that one or two quarter-point cuts are more likely than the three that Fed officials forecast in March. On the earnings front, Wall Street expects a lot of profit this year, next year and, in early forecasts, 2026. However, the market as a whole is already priced for unusually fast growth. The S&P 500 trades at a multiple of 21 times predicted earnings 12 months ahead, a level exceeded only during the dot-com bubble and the pandemic rebound. When expectations are lofty, profit margins are already high, which makes it hard to raise them still further. Companies are already extracting the highest share of the value they add to the economy—technically, profit per unit of real gross value added—since World War II. The stock market is arguably priced for perfection. Trends and momentum can last well beyond fair value, but the risks get bigger. At PWM, we hedge exuberance with prudent diversification amongst capitalization and geography, growth and value, stocks and bonds, and public and private markets. Interest Rates Have Investors Worried. Profits Give Them Comfort. (https://www.wsj.com/finance/interest-rates-have-investors-worried-profits-give-them-comfort-c4abb6cb?st=u2dx3pm4ajtqidi&reflink=desktopwebshare_permalink) by James Mackintosh ** Your Life ------------------------------------------------------------ Social media is full of pictures of celebrities who have won the battle of the bulge. Influential stars like Oprah Winfrey, Kelly Clarkson, Al Roker, and Jonah Hill have new svelte physiques. In the US, more than 42% of people are obese, and obesity can lead to numerous other health problems. Obesity is calculated through body mass index (BMI) and measures a person’s height in relation to their weight. A BMI of 25-30 is considered overweight. Over 30 is categorized as obesity. When diet and exercise aren’t working, people start to turn towards weight loss medications. Generally, weight loss medications work by decreasing the appetite, increasing feelings of fullness, and interfering with fat absorption. While medications can be effective and a last resort for many, remember that each type of medication will have side effects, may be expensive and not covered by insurance, and you may gain the weight back when you stop the medication. It may also take several months before you start seeing results. A physician who will assess and monitor you throughout your journey must prescribe all these medications. Study the pros and cons of medicines to treat obesity. (http://) by Mayo Clinic Staff https://www.linkedin.com/in/danheth/ https://www.linkedin.com/in/rosalynn-harvey-heth-mpa-ceps-3a3aa3191/ ** Complexity Simplified ------------------------------------------------------------ When people begin a new exercise program, they often push their bodies too far and put themselves at risk for injury. The common notion that exercise must be really hard or painful to be beneficial is simply wrong. Moderation is the key to safe exercise. Safe exercise programs start slowly and gradually increase frequency, intensity, and duration. Safe exercise guidelines include dressing appropriately, replacing athletic shoes as they wear out, striking the right balance for a total body workout, warming up, stretching, taking your time, staying hydrated, cooling down afterward, and resting when you get tired, sore, or are in pain. Safe Exercise Guidelines (https://orthoinfo.aaos.org/en/staying-healthy/safe-exercise/) source: OrthoInfo ** Trivia ------------------------------------------------------------ A: University of Chicago Q: Which sea is located in Israel and Jordan? https://youtu.be/7RLFaU_8VTk?si=BFoJ7XZ-jEm_A1cf ** Back in 1961, this song reached #1 ------------------------------------------------------------ ============================================================ ** Facebook (https://www.facebook.com/preservewm) ** Twitter (https://twitter.com/preservewm) ** LinkedIn (https://www.linkedin.com/company/preservewm/about/) Copyright © *|CURRENT_YEAR|* *|LIST:COMPANY|*, All rights reserved. This email was sent to *|EMAIL|* (mailto:*|EMAIL|*) why did I get this? (*|ABOUT_LIST|*) unsubscribe from this list (*|UNSUB|*) update subscription preferences (*|UPDATE_PROFILE|*) *|LIST_ADDRESSLINE_TEXT|* *|REWARDS_TEXT|*

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