https://preservewm.com
We've been keeping up with the latest headlines...
here are two of our favorites worth sharing.
** Your Money
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More than half of the S&P 500's return last year was driven by seven companies: Alphabet, Amazon.com, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla. Often referred to as the Magnificent Seven, these companies comprise more than 37% of the S&P 500. Although the index has been more concentrated in the past, its concentration is rarely this highly valued. Currently, the S&P 500 is trading at approximately 22 times the expected earnings of its constituent companies over the next 12 months, significantly above its average since 1990 of 16 times. Even after the recent decline in tech stocks, the Magnificent Seven are trading at an average of 43 times their expected earnings for this year.
While valuation is a poor predictor of near-term returns, as evidenced by the now-famous "irrational exuberance" speech of 1996, it serves as an excellent predictor of long-term returns. At PWM, we believe future stock market returns will be muted because of today's high valuation. We are balancing the present optimism regarding the US economy and corporate earnings by finding fair valuations outside of the Magnificent Seven. This includes overlooked sectors such as financials, healthcare, and other asset classes, including private opportunities within real estate and infrastructure.
What You Should Do About the Stock Market’s Giant Problem (https://www.wsj.com/finance/investing/what-you-should-do-about-the-stock-markets-giant-problem-f4ca338e?st=624hkX&reflink=desktopwebshare_permalink)
by Jason Zweig
** Your Life
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Engaging in creative activities isn’t just fun—it’s scientifically proven to be good for your mental health! Research has shown that artistic expression, whether through painting, drawing, or crafting, can reduce stress, improve cognitive function, and even help process emotions. Creative activities stimulate the brain in unique ways, promoting relaxation and a sense of fulfillment. But how can you easily bring more creativity into your daily life? That’s where something as simple as coloring comes in…
Art and brain: insights from neuropsychology, biology and evolution (https://pmc.ncbi.nlm.nih.gov/articles/PMC2815940/)
by Dahlia W Zaidel
https://www.linkedin.com/in/danheth/
https://www.linkedin.com/in/rosalynn-harvey-heth-mpa-ceps-3a3aa3191/
** Complexity Simplified
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Think coloring is just for kids? Think again! WebMD explores how adult coloring books have gained popularity as a fun and effective way to relax and de-stress. Focusing on colors and patterns gives your mind a break from daily worries, similar to meditation. Plus, it’s an easy and accessible way to incorporate creativity into your routine—no artistic skills required! If you’re looking for a simple, screen-free way to unwind, a coloring book might be the perfect place to start.
Adult Coloring Books: 7 Benefits of Coloring (https://www.webmd.com/balance/features/benefits-coloring-adults)
by Martin Taylor
** Trivia
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last week's Answer: Secretariat
this week's Question: What is the most common letter in the English alphabet?
https://youtu.be/lYfkl-HXfuU?si=9oe0zp3_N_1Vyle9
** Back in 1999, this song reached #1
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