Investors' Insights and Market Updates

Election Years Often Bring Volatility, Not Lasting Market Changes Investor questions surrounding the upcoming midterm election continue to increase, particularly regarding how election results could impact financial markets. Historically, heightened market volatility leading into an election is completely normal. Volatility has typically increased as Election Day approaches, with October often proving to be the most volatile month of the election cycle. Once election uncertainty passes, however, market volatility has generally declined. More importantly, history shows that investors should focus less on election outcomes and more on what happens afterward. Since 1950, every 12-month period following a midterm election has produced a positive return for the S&P 500, with an average gain of approximately 16.6%. Even the weakest post-election year generated a positive return. Political control has also shown surprisingly little impact on long-term market performance. Looking back to 1933, the S&P 500 has produced double-digit average annual returns regardless of which political party controlled Washington. While election outcomes certainly influence policy discussions, long-term market returns have been driven primarily by corporate earnings rather than politics. For long-term investors, maintaining focus on business fundamentals remains far more important than attempting to predict election results. Tariffs, Consumer Spending, and Interest Rates Remain Key Economic Drivers Trade policy continues to evolve following the Supreme Court’s ruling against tariffs implemented under the International Emergency Economic Powers Act (IEEPA). In response, the administration implemented a temporary 10% universal tariff through Section 122, which expired after 150 days. Going forward, tariffs can now be implemented under Section 301, allowing for more permanent and country-specific tariff rates. While individual tariff rates may vary by trading partner, the overall economic impact compared to the previous structure remains relatively modest. Investors should expect continued headlines surrounding tariffs, but these developments are largely part of an anticipated policy transition rather than a significant shift in trade strategy. Beyond trade policy, consumer health remains one of the most important indicators for the broader economy. One metric receiving close attention combines average mortgage rates with average gasoline prices. Historically, when mortgage rates exceed 6% and gasoline prices rise above $4 per gallon, the combined burden begins placing meaningful financial pressure on consumers. Sustained periods above this threshold have often coincided with mid-cycle economic slowdowns or, in some cases, recessions. Despite these headwinds, the U.S. consumer has remained remarkably resilient. However, prolonged pressure from elevated borrowing costs and energy prices could eventually begin to weaken consumer spending, making this an important trend to monitor. Interest rate expectations also continue to shift. Current market expectations suggest the Federal Reserve is unlikely to cut rates in the near term, with some investors now anticipating the possibility of additional rate hikes later this year. As leadership at the Federal Reserve evolves, markets will closely watch how policymakers respond to inflation, consumer strength, and broader economic conditions. Any unexpected shift toward higher interest rates would represent a meaningful change from the expectations many investors held entering the year and could influence both market sentiment and economic growth.   Greg Powell, CIMA® President and CEO Wealth Consultant Email Greg Powell here Bobby Norman, CFP®, AIF®, CEPA® Managing Director Wealth Consultant Email Bobby Norman here Trey Booth, CFA®, AIF® Chief Investment Officer Wealth Consultant Email Trey Booth here Ty Miller, AIF® Vice President Wealth Consultant Email Ty Miller here   Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post Volatility and Votes first appeared on Fi Plan Partners.

Most investors focus on average market returns, but in retirement, the sequence of those returns can make a significant difference. In this week’s episode of Educational Insights, Trey Booth explains sequence of returns risk and demonstrates how two retirees with the same average returns can end up with dramatically different outcomes based solely on when market gains and losses occur. Learn how diversification, maintaining short-term cash needs, and a thoughtful withdrawal strategy can help reduce this often-overlooked retirement risk. Watch to learn more. Trey Booth, CFA®, AIF® Chief Investment Officer Wealth Consultant Email Trey Booth here Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this recording are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision. Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post The Sequence of Returns Risk first appeared on Fi Plan Partners.

Bonds Continue to Demonstrate Their Value While much of the attention has centered on stocks, the bond market has quietly delivered strong performance over the past two years. Bonds remain an important component of diversified portfolios because they help reduce risk, generate income, and provide stability during periods of market uncertainty. Since October 19, 2023, the total returns across the 11 major bond indices have been notably strong. That date marked the recent peak in the 10-year Treasury yield, which closed at 4.99%. Since then, Treasury yields have fluctuated significantly, falling to 3.62% in September 2024 before climbing back to approximately 4.5% in July 2026. Even with those fluctuations, today’s yield remains below the 2023 peak. Because bond prices generally move in the opposite direction of yields, declining benchmark yields have supported positive returns across much of the fixed income market. Several bond sectors have produced returns exceeding 20% during this period. Looking ahead, inflation and Federal Reserve policy will continue to play an important role in bond performance. Monitoring these factors will help determine how bonds continue to support clients’ long-term investment strategies. Inflation Shows Encouraging Signs of Normalization The latest Consumer Price Index (CPI) report provided an encouraging surprise. Monthly CPI declined by 0.4%, meaning prices actually fell during the month. This is significant because inflation discussions often focus on prices increasing at a slower rate rather than prices declining outright. Typically, inflation “coming down” simply means prices are still rising, but at a slower pace. This latest report was different. Consumers experienced actual price declines, something not seen on a monthly basis since the COVID era and a relatively rare occurrence over the past decade. Much of the decline was driven by lower gasoline prices following easing energy markets after geopolitical tensions earlier in the summer. Although oil prices have recently moved higher again, they remain well below previous peaks, suggesting that the recent decline may represent what a more normalized energy environment could look like. Perhaps even more encouraging was the strength of consumer spending. Retail sales increased by 0.22% during the same month that prices declined. When adjusted for lower inflation, consumers effectively purchased approximately 0.62% more goods and services than the previous month. This is an important distinction. During periods of rising energy prices, households often spend more filling their gas tanks while reducing purchases elsewhere, a phenomenon economists call demand destruction. Instead, the latest data indicates consumers continued spending across the broader economy while benefiting from lower prices. Although one report does not establish a long-term trend, the combination of falling prices and healthy consumer demand offers a positive glimpse into how the economy could perform as inflation continues to moderate. The outlook remains favorable for consumers, financial markets, and interest rates if this broader normalization continues.   Greg Powell, CIMA® President and CEO Wealth Consultant Email Greg Powell here Bobby Norman, CFP®, AIF®, CEPA® Managing Director Wealth Consultant Email Bobby Norman here Trey Booth, CFA®, AIF® Chief Investment Officer Wealth Consultant Email Trey Booth here Ty Miller, AIF® Vice President Wealth Consultant Email Ty Miller here   Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post Feeling Richer? first appeared on Fi Plan Partners.

With thousands of publicly traded companies to choose from, identifying quality investment opportunities requires more than simply following headlines or popular trends. In this week’s episode of Educational Insights, Bobby Norman shares the structured approach our Portfolio Strategies Team uses to evaluate individual stocks, from understanding a company’s business model and financial health to assessing valuation, leadership, industry trends, and potential risks. Whether you’re an experienced investor or simply curious about how investment decisions are made, this behind-the-scenes look offers valuable insight into our disciplined investment process. Watch to learn more. Bobby Norman, CFP®, AIF®, CEPA® Managing Director Wealth Consultant Email Bobby Norman here Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this recording are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision. Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful. All company names noted herein are for educational purposes only and not an indication of trading intent or a solicitation of their products or services. LPL Financial doesn’t provide research on individual equities. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post Analyzing Individual Stocks first appeared on Fi Plan Partners.

Interest Rates Remain the Market’s Focus Interest rates continue to be one of the most important indicators for investors because of their broad impact on the economy. The 10-year Treasury yield influences mortgage rates, corporate borrowing costs, and overall financial conditions, making it a key measure to watch. After easing briefly, the 10-year Treasury yield has moved back above 4.5%, reflecting renewed concerns following escalating conflict in the Middle East. Rising interest rates can signal worries about government debt issuance while also increasing borrowing costs throughout the economy. This week’s inflation reports will play an important role in determining where interest rates may head next. Both the Consumer Price Index (CPI) and Producer Price Index (PPI) will provide insight into inflation trends and price pressures. With oil prices having declined recently, expectations are building that the CPI could show not only slower inflation but potentially a negative monthly reading. If that occurs, it would represent a meaningful shift in the inflation outlook. Markets will also be closely monitoring Federal Reserve Chairman Kevin Warsh as he delivers his required testimony before Congress. Since taking office, Warsh has largely avoided signaling future monetary policy, preferring to let the Federal Reserve’s actions speak for themselves. His remarks before lawmakers may offer investors valuable insight into the Fed’s current thinking and could have a significant impact on interest rate expectations. Because interest rates influence borrowing, spending, business investment, and equity valuations, developments this week have the potential to affect markets well beyond the bond market alone. Earnings Season Takes the Spotlight While geopolitical events continue to create uncertainty, corporate earnings remain one of the strongest drivers of long-term stock market performance. As earnings season begins, investors will gain a clearer picture of how American businesses are performing in today’s economic environment. Current estimates for the S&P 500 remain encouraging. Analysts project earnings growth of approximately 25% in 2026 and 17.4% in 2027. Even more notably, seven of the index’s eleven sectors are expected to generate earnings growth exceeding 10% in 2026. Revenue growth projections also remain positive, with estimates of 10.4% for 2026 and 7.6% for 2027. These forecasts suggest that companies continue to improve profitability through a combination of stronger sales and increased operational efficiency. Although estimates will ultimately be tested against actual results, improving corporate earnings have historically supported higher equity prices. In an environment where investors remain focused on inflation, interest rates, and Federal Reserve policy, strong earnings growth could provide an important catalyst for continued market strength. As the week unfolds, investors will be watching inflation reports, Federal Reserve commentary, and early earnings announcements closely. Together, these developments will help shape expectations for the economy, interest rates, and the direction of financial markets in the months ahead.   Greg Powell, CIMA® President and CEO Wealth Consultant Email Greg Powell here Bobby Norman, CFP®, AIF®, CEPA® Managing Director Wealth Consultant Email Bobby Norman here Trey Booth, CFA®, AIF® Chief Investment Officer Wealth Consultant Email Trey Booth here Ty Miller, AIF® Vice President Wealth Consultant Email Ty Miller here   Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post A Week Worth Watching first appeared on Fi Plan Partners.

Employment Remains on Solid Ground Employment continues to be one of the most important indicators for both the economy and the stock market. A healthy labor market means more people are earning income, saving, investing, and contributing to overall economic growth. Those factors typically create greater demand for investment assets and provide support for stock prices. Conversely, rising unemployment often leads consumers to spend savings rather than invest, placing pressure on financial markets. The Federal Reserve closely monitors employment data when making interest rate decisions, making each monthly jobs report an important release for investors. However, it’s important to understand that the headline jobs report is based largely on surveys, making it what economists refer to as “soft data.” Because it relies on estimates from survey respondents rather than complete reporting, the data is often revised in subsequent months. The latest report was encouraging overall. More jobs were created than lost, the unemployment rate declined, and wage growth remained healthy at 3.5% year over year. While average hours worked declined slightly, rising wages combined with fewer hours worked still represents a positive development for workers. One surprising detail within the report was a decline in leisure and hospitality employment. Given the increased tourism and temporary hiring associated with the World Cup, many economists believe this portion of the report may ultimately be revised higher. To gain a clearer picture of labor market conditions, it helps to compare the survey-based data with “hard data,” such as initial unemployment claims. Unlike survey estimates, unemployment claims are based on actual filings submitted through state unemployment offices and are generally considered more reliable. Initial jobless claims have remained relatively stable throughout the year, while continuing unemployment claims have gradually declined. Together, these indicators reinforce the view that the labor market remains stable, not overheating, but not weakening either. A stable employment environment supports continued wage growth, consumer spending, savings, and investment activity. Those trends create a constructive backdrop for financial markets heading into the second half of the year. Corporate Earnings Will Drive the Next Phase of the Market Strong corporate earnings have been one of the primary drivers behind the stock market’s performance this year, and they are expected to remain a major theme throughout the remainder of the year. Corporate America has consistently exceeded expectations, helping fuel market gains. As a result, analysts have steadily raised earnings forecasts throughout the year. Earnings per share (EPS), a measure of how much profit a company generates for each outstanding share of stock, has seen meaningful upward revisions after remaining relatively flat throughout much of 2025. While this reflects confidence in the strength of American businesses, it also raises the bar. Investors will be watching closely to see whether companies can continue delivering results that justify today’s elevated expectations. Another important metric to monitor is operating margins. Markets are currently pricing in record profit margins over the coming year. If companies continue operating efficiently while maintaining strong profitability, stocks could continue benefiting from solid earnings growth. However, if expectations prove too optimistic, investors should be prepared for periods of increased market volatility. With midterm election uncertainty also entering the picture, earnings season will likely play an even larger role in determining market direction during the second half of the year. Why Gas Prices Haven’t Fallen as Fast as Oil Prices Although oil prices have retreated following the recent conflict in the Middle East, many drivers have noticed that gasoline prices have not fallen nearly as quickly. The explanation lies in how gasoline is produced, distributed, and taxed. The United States consumes more than 130 billion gallons of gasoline each year—more than any other country in the world. While crude oil prices rose sharply during the conflict and have since moved lower, retail gasoline prices typically respond more slowly. Gasoline is a refined petroleum product, meaning the cost of crude oil represents only one portion of the final price consumers pay at the pump. Refining costs, transportation expenses, distribution, and taxes all contribute to the total cost per gallon. As crude oil prices climbed, gasoline prices gradually followed. Now that crude prices have declined to levels closer to where they were earlier this year, gasoline prices are expected to follow, but historically, they tend to lag. Assuming geopolitical tensions do not escalate again, motorists could begin seeing more relief as the summer progresses and into the fall. Regional price differences also illustrate how much additional costs affect gasoline prices. States throughout the South and Midwest generally enjoy some of the nation’s lowest gasoline prices due to their proximity to Gulf Coast refineries. Meanwhile, states such as California, Washington, Hawaii, Nevada, and Oregon typically experience significantly higher prices. While crude oil costs are essentially the same nationwide, higher state taxes, increased transportation expenses, and greater distribution costs contribute to substantially higher prices at the pump. In Hawaii, for example, distribution costs alone exceed the cost of refining the gasoline. Understanding these components helps explain why gasoline prices often remain elevated even after oil prices begin to fall.   Greg Powell, CIMA® President and CEO Wealth Consultant Email Greg Powell here Bobby Norman, CFP®, AIF®, CEPA® Managing Director Wealth Consultant Email Bobby Norman here Trey Booth, CFA®, AIF® Chief Investment Officer Wealth Consultant Email Trey Booth here Ty Miller, AIF® Vice President Wealth Consultant Email Ty Miller here   Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post Reports Are In first appeared on Fi Plan Partners.

Employment Remains a Key Market Driver Although the week is shortened by the holiday, one of the most important economic reports of the month arrives before the weekend. The latest payroll report provides an updated snapshot of the labor market, one of the Federal Reserve’s primary measures of economic health. Because the Fed’s dual mandate is to promote maximum employment while maintaining stable inflation, employment data plays a significant role in shaping monetary policy decisions. Recent jobs reports have been stronger than many expected, making this week’s release especially important as investors look for signs that labor market strength is either continuing or beginning to fade. Employment trends also have a direct impact on the stock market. A healthy labor market supports wage growth, consumer spending, retirement contributions, and overall investment activity, all of which help create a favorable environment for stocks. Conversely, rising unemployment can reduce savings and investment while slowing economic growth. Investors will also be paying close attention to wage growth, as continued increases could indicate that the economy remains resilient even as inflation shows signs of easing. Dividend Growth Has Historically Outpaced Inflation Inflation remains one of the biggest concerns for investors, creating uncertainty around interest rates and future market performance. While inflation reduces purchasing power over time, dividend-paying stocks have historically provided one of the most effective ways to combat its long-term effects. In fact, dividends have accounted for approximately 37.2% of the S&P 500’s total return since 1928, highlighting their significant contribution to long-term investment performance. The relationship between dividends and inflation becomes even more compelling over longer periods. From the end of 1979 through the end of last year, dividends paid per share by companies in the S&P 500 increased at a compound annual growth rate of 5.88%, while inflation averaged 3.19% annually. This sustained growth has allowed dividend income to outpace inflation over time, helping investors preserve purchasing power while generating meaningful long-term returns. History Points to a Seasonal Summer Slowdown Seasonality also provides valuable context as markets move into the second half of the year. Historically, the period from late June through August tends to be one of the quieter stretches for stocks. Trading volumes often decline as investors take vacations and corporate news slows, creating what is commonly known as the “dog days of summer.” During this period, markets have historically shown relatively little separation between stronger and weaker years. That pattern typically begins to change after Labor Day. Historical data shows that markets with positive first-half performance have often continued that momentum through year-end, while markets that struggled during the first six months have frequently remained under pressure. With the market currently in the stronger historical category, the seasonal outlook remains encouraging. While history never guarantees future results, these long-term trends provide useful perspective as investors prepare for the months ahead.   Greg Powell, CIMA® President and CEO Wealth Consultant Email Greg Powell here Bobby Norman, CFP®, AIF®, CEPA® Managing Director Wealth Consultant Email Bobby Norman here Trey Booth, CFA®, AIF® Chief Investment Officer Wealth Consultant Email Trey Booth here Ty Miller, AIF® Vice President Wealth Consultant Email Ty Miller here   Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post Market Fireworks first appeared on Fi Plan Partners.

For decades, the United States relied on imported natural gas, but a surge in domestic production has transformed the country into the world’s leading exporter of liquefied natural gas (LNG). In this week’s episode of Educational Insights, Ashley Page explores how LNG exports are strengthening global energy security, reducing Europe’s dependence on Russian energy, and helping limit the economic impact of geopolitical conflicts. Understanding this shift may provide valuable insight into one of the most important forces influencing global markets and economic stability today. Watch to learn more. Ashley Page, JD, MBA Senior Vice President Wealth Consultant Email Ashley Page here Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this recording are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision. Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor. This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.The post The Global Impact of U.S. LNG Exports first appeared on Fi Plan Partners.

Earnings Continue to Lead the Way June is traditionally known as wedding season, and in many ways the market’s relationship with the Federal Reserve feels a bit like a honeymoon period. A new Federal Reserve Chairman has taken the helm, corporate earnings remain strong, and investors continue to push markets higher despite several reasons for caution. As the second half of 2026 approaches, the question becomes whether this favorable environment can continue or whether the market will soon face its first meaningful test under new leadership at the Federal Reserve. One of the more surprising developments this year has been the resilience of the stock market during a midterm election cycle. Historically, volatility tends to increase as midterm elections draw closer, often creating periods of uncertainty for investors. Yet 2026 has largely defied that pattern. The S&P 500 has continued to outperform historical midterm-year averages, supported by strong corporate earnings and ongoing investment in artificial intelligence. Corporate America has delivered results that have largely justified higher equity valuations. Earnings growth has remained healthy, investor confidence has held firm, and market momentum has continued despite concerns surrounding inflation, interest rates, and the political landscape. For now, earnings remain the dominant story. While markets have focused on earnings, political developments are beginning to move into view. Historically, markets have often performed best when political power is divided in Washington. As attention gradually shifts toward the November midterm elections, investors will be watching closely to see whether election outcomes alter expectations for fiscal policy, regulation, or economic growth. Election years often introduce additional uncertainty into the market, but they can also create opportunities for investors who remain focused on long-term fundamentals rather than short-term headlines. A New Direction at the Federal Reserve The first meeting under Chairman Kevin Warsh offered an early glimpse into what may become a significantly different approach to monetary policy communication. Rather than lengthy statements designed to guide market expectations, the new chairman signaled a preference for brevity and restraint. The philosophy appears straightforward: markets should inform Federal Reserve policy decisions, not the other way around. That approach stands in contrast to the communication strategies that became common following the financial crisis, when Federal Reserve officials frequently used detailed guidance to calm markets and shape expectations. Today’s environment is far different. Economic growth remains intact, unemployment remains relatively healthy, and while inflation remains above ideal levels, it has shown signs of moderation. Warsh has also taken a measured approach to institutional change. Rather than immediately implementing major reforms, the Federal Reserve has begun reviewing several areas of operation through dedicated committees. Those reviews range from communication practices to broader questions surrounding balance sheet management. The process reflects an understanding that meaningful change within a century-old institution requires deliberation rather than disruption. While investors are eager to understand how the new chairman will shape policy, the early signs suggest a thoughtful and methodical approach rather than sweeping change. History reminds investors that honeymoon periods rarely last forever. Few Federal Reserve Chairmen understood that reality better than Alan Greenspan, whose passing this week marks the end of a remarkable chapter in financial history. Greenspan assumed leadership of the Federal Reserve in 1987 and within months faced one of the most significant market crashes in modern history. The lesson is not that turmoil is imminent, but rather that markets often determine when periods of calm come to an end. The challenges facing today’s Federal Reserve are different, but the principle remains the same: economic conditions, market sentiment, and unexpected events often shape the environment more than any single policymaker can control. Today, favorable earnings, improving inflation trends, and steady economic conditions have provided the new Federal Reserve Chairman with an advantageous starting point. Yet challenges remain. Inflation has not fully disappeared, election uncertainty is approaching, and markets continue to navigate an environment shaped by rapidly evolving technology, global economic shifts, and changing monetary policy. For now, the honeymoon continues. Whether it lasts through year-end may depend less on the Federal Reserve itself and more on how investors respond to the economic and political developments that lie ahead.   Greg Powell, CIMA® President and CEO Wealth Consultant Email Greg Powell here Bobby Norman, CFP®, AIF®, CEPA® Managing Director Wealth Consultant Email Bobby Norman here Trey Booth, CFA®, AIF® Chief Investment Officer Wealth Consultant Email Trey Booth here Ty Miller, AIF® Vice President Wealth Consultant Email Ty Miller here   Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post Honeymoon with the Fed first appeared on Fi Plan Partners.

A Critical Week for Global Markets and the Federal Reserve Markets entered the week focused on two major developments: ongoing diplomatic discussions involving the United States and Iran, and the Federal Reserve’s latest policy meeting. Reports of progress toward a potential agreement between the United States and Iran have been welcomed by investors. News of a possible deal helped push oil prices lower and contributed to a positive response in equity markets. However, uncertainty remains, and investors should exercise caution until details are finalized and the broader implications become clearer. The decline in oil prices has also influenced interest rates, which moved lower as markets assessed the possibility of easing geopolitical tensions. While investors have responded favorably, recent history serves as a reminder that negotiations can shift quickly, and outcomes are never guaranteed until agreements are officially completed. Domestically, attention is centered on the Federal Reserve’s meeting under the leadership of Chairman Kevin Warsh. This marks his first meeting and press conference as Fed Chair, creating significant interest around how he intends to communicate monetary policy moving forward. Warsh has previously expressed concerns about excessive forward guidance, arguing that central banks should avoid becoming overly committed to future projections. Instead, he has advocated for a greater emphasis on current economic data when making policy decisions. Investors will be watching closely to see whether he introduces a more restrained communication style or gradually transitions the Fed toward a quieter approach. Another area of focus will be the relationship between the chairman and other members of the Federal Open Market Committee (FOMC). While the chair plays an influential role, policy decisions are made collectively. Any signs of disagreement among committee members could offer valuable insight into future policy direction. With employment remaining strong and inflation continuing to present challenges, the Federal Reserve’s comments on inflation trends, geopolitical developments, and economic growth will be particularly important for markets. Inflation Remains a Key Concern Inflation remains one of the most closely watched economic indicators, and recent data suggests price pressures continue to persist. The latest Consumer Price Index (CPI) reading came in at 4.2%, higher than many economists had anticipated. While energy prices, particularly oil, have likely contributed to the increase, inflation remains elevated relative to the Federal Reserve’s long-term target. Beyond the traditional CPI measure, another useful perspective comes from what Strategas Research Partners refers to as the “Common Man CPI.” This proprietary measure focuses specifically on essential household expenses, including food, energy, shelter, insurance, and children’s clothing. By emphasizing necessities rather than the broader basket of goods used in traditional inflation calculations, it attempts to better reflect the inflation experienced by everyday consumers. According to this measure, inflation currently stands at 4.6%, noticeably higher than the headline CPI reading. Since mid-2020, prices within the Common Man CPI have increased approximately 32%, compared to roughly 30% for headline CPI. The challenge for consumers is that wage growth has not fully kept pace. While wages have risen approximately 27.5% over the same period, inflation has exceeded those gains, creating ongoing pressure on household budgets. As policymakers evaluate future interest rate decisions, an important question remains: Are current inflation pressures temporary, particularly those tied to energy prices, or do they represent a more persistent trend? The answer will play a significant role in shaping future Federal Reserve actions. CEO Confidence and Consumer Strength Support the Outlook While inflation and global uncertainty remain concerns, several indicators continue to point toward resilience within the broader economy. One closely monitored measure is CEO confidence, which has improved in recent weeks. This indicator reflects how corporate leaders view economic conditions over the next 12 months and can provide valuable insight into future business investment and hiring decisions. Higher CEO confidence often translates into increased capital spending, stronger workforce expansion, and improved earnings expectations. Since corporate earnings remain one of the primary drivers of stock market performance, rising confidence among business leaders is generally viewed as a positive signal for future growth. Consumer spending has also remained remarkably strong despite elevated inflation. Consumers continue to play a critical role in supporting economic growth, and spending trends have remained resilient even as households navigate higher prices. Taken together, improving CEO confidence and continued consumer strength provides a constructive backdrop for both the economy and financial markets as the year progresses. Investors should continue monitoring developments in the Middle East, Federal Reserve policy decisions, inflation trends, business confidence, and consumer spending. Each of these factors has the potential to influence markets in the months ahead, making it important to stay informed and maintain a long-term perspective amid ongoing uncertainty.   Greg Powell, CIMA® President and CEO Wealth Consultant Email Greg Powell here Bobby Norman, CFP®, AIF®, CEPA® Managing Director Wealth Consultant Email Bobby Norman here Trey Booth, CFA®, AIF® Chief Investment Officer Wealth Consultant Email Trey Booth here Ty Miller, AIF® Vice President Wealth Consultant Email Ty Miller here   Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post Deal or No Deal? first appeared on Fi Plan Partners.

Market Strength Remains Concentrated One of the most important developments in the market this year has been the concentration of returns within a relatively small portion of the S&P 500. An analysis of sector performance reveals that technology stocks have once again emerged as the primary driver of market gains over the past several weeks, reestablishing themselves as the market’s leadership group. Technology now represents approximately 39% of the S&P 500, making its performance increasingly important to the overall direction of the index. As a result, investors should pay close attention to valuations and earnings growth within the sector, as weakness in technology could have an outsized impact on broader market returns. Last fall provided an encouraging example of market resilience, as other sectors stepped in to offset periods of weakness among technology companies. Whether that dynamic can repeat itself remains an important question for the remainder of the year. The growing influence of technology is largely tied to a handful of exceptionally profitable companies. The so-called “Magnificent Seven” now account for more than one-third of the S&P 500’s total market capitalization and continue to generate earnings growth far above the rest of the market. In the first quarter, these companies delivered earnings growth of 63.2%, roughly four times the growth rate achieved by the other 493 companies within the index. Corporate profitability more broadly has also remained remarkably strong. During the first quarter, S&P 500 companies retained nearly 15 cents of profit for every dollar of revenue generated. According to available data, that represents the highest profit margin recorded since tracking began in 2009 and is more than double the long-term average dating back to 1946. These trends suggest that while market leadership remains narrow, the underlying earnings environment continues to provide meaningful support for equities. Going forward, monitoring sector performance and return dispersion across the market will be critical in identifying opportunities and determining whether portfolio adjustments become necessary. A New Federal Reserve Chair Takes the Stage While market fundamentals remain strong, investors are also preparing for a major leadership transition at the Federal Reserve. Kevin Warsh is set to assume the role of Federal Reserve Chair, and his first meeting leading the Federal Open Market Committee will take place next week. Historically, markets have paid close attention to the early actions of a new Fed Chair, often reacting with heightened volatility as investors assess potential changes in policy direction. Historical data shows that market performance following a new Chair’s first meeting has frequently been challenged. On average, the market has experienced modest declines during the first several weeks after the transition, reflecting investor uncertainty and the market’s tendency to test new leadership. While historical averages provide useful context, individual outcomes have varied significantly depending on economic conditions and market circumstances at the time. The Federal Reserve’s decisions are ultimately driven by incoming economic data, making recent employment figures particularly important. The May employment report came in substantially stronger than expected, with nonfarm payrolls increasing by 172,000 jobs compared to expectations of roughly 88,000. In addition, prior months’ payroll figures were revised higher, reversing a trend of downward revisions seen earlier in the year. Job growth remained broad-based across several sectors, including leisure and hospitality, healthcare, construction, and government employment. Meanwhile, the unemployment rate held steady at 4.3%, reinforcing the view that the labor market remains healthy. This strength in employment is significant because it directly relates to one half of the Federal Reserve’s dual mandate: maximum employment and price stability. As Warsh begins his tenure, he will inherit an economy that continues to exhibit labor market resilience. The inflation outlook, however, remains less certain. Rising oil prices driven by ongoing tensions in the Middle East have increased concerns about potential inflationary pressures. Future inflation data will likely play a major role in shaping the Federal Reserve’s policy decisions and influencing investor expectations for interest rates.   Greg Powell, CIMA® President and CEO Wealth Consultant Email Greg Powell here Bobby Norman, CFP®, AIF®, CEPA® Managing Director Wealth Consultant Email Bobby Norman here Trey Booth, CFA®, AIF® Chief Investment Officer Wealth Consultant Email Trey Booth here Ty Miller, AIF® Vice President Wealth Consultant Email Ty Miller here   Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post The Fed’s Influence on the Markets first appeared on Fi Plan Partners.

Most investors think of wealth and money as the same thing, but the distinction can have a major impact on financial markets and personal financial planning. In this week’s episode of Educational Insights, Trey Booth explores why assets like homes and investments represent wealth, why converting that wealth into spendable money isn’t always as simple as it seems, and what can happen when large numbers of people try to do it at the same time. Understanding this concept may help you better prepare for market uncertainty and make more confident long-term financial decisions. Watch to learn more. Trey Booth, CFA®, AIF® Chief Investment Officer Wealth Consultant Email Trey Booth here Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this recording are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision. Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor. This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.The post Wealth vs. Money first appeared on Fi Plan Partners.

Corporate Profitability Remains Exceptionally Strong With earnings season now complete, the latest results indicate that the fundamental backdrop for the equity market remains healthy. One of the most important measures of market strength is operating margin, which reflects how much profit a company generates from its core operations after covering production-related costs. Companies within the S&P 500 are currently reporting operating margins of approximately 20.3%, reaching record levels. These strong margins demonstrate that businesses continue to operate efficiently and maintain profitability despite ongoing concerns about inflation, tariffs, and geopolitical uncertainty. The trend is even more encouraging when considering the potential impact of artificial intelligence and other productivity-enhancing technologies. As these innovations become more integrated into business operations, the benefits should increasingly be reflected in corporate profitability. Equal-weight operating margins, which provide a broader view of company performance across the market, are also approaching record highs. The continued improvement in margins suggests that productivity gains and operational efficiencies are beginning to spread across a wider range of companies. Rather than focusing solely on short-term uncertainties, investors appear to be recognizing the strength of corporate earnings and profit growth. Consumer Debt Headlines Miss the Bigger Picture Recent headlines have focused heavily on rising consumer debt, creating concern that Americans may be struggling financially. However, debt levels alone do not provide a complete picture of consumer health. A closer examination reveals that delinquency rates, the percentage of borrowers falling behind on payments, remain relatively low. Credit card delinquency rates have recently declined to approximately 2.92%, down from levels seen earlier in the year and well below the peaks experienced during the Global Financial Crisis. This distinction is important. Consumers may be carrying more debt, but the key question is whether they can manage and repay those obligations. Current data suggests that, for the most part, they can. Employment remains one of the primary reasons for this resilience. Despite widespread headlines about layoffs and technological disruption, initial jobless claims continue to stay near historically low levels. As long as consumers remain employed, they generally retain the ability to meet their financial obligations and continue spending. Consumer spending rose by 0.5% in April, even as wage growth remained relatively flat. While some of this spending may be supported by borrowing, tax refunds, or drawing down savings, these trends can remain sustainable for a period when supported by a growing economy, strong employment, and healthy corporate profits. The personal savings rate has declined, which bears watching, but the broader picture remains constructive. Moving forward, labor market data will continue to be one of the most important indicators for evaluating consumer strength and overall economic health. Is This Market Really a Bubble? One of the most common concerns among investors today is whether the current market environment resembles the technology bubble of the late 1990s. While certain similarities exist, a closer examination of the data reveals important differences. During the 1990s technology boom, stock prices rose dramatically despite relatively weak earnings growth. Much of the market’s return came from what is known as multiple expansion, where investors became willing to pay increasingly higher prices for each dollar of earnings based on expectations of future growth. In many cases, stock prices surged even as underlying earnings failed to keep pace. Between 1995 and 1999, the S&P 500 generated returns of approximately 220%, while earnings grew only about 67%. This disconnect between prices and profits was a defining characteristic of the technology bubble. Today’s market tells a different story. While some multiple expansion has occurred, earnings growth has been the primary driver of returns since the current bull market began in the second half of 2023. Corporate profits have continued to rise, helping justify much of the market’s advance. Although valuations remain elevated by historical standards, earnings growth has largely kept pace with stock price appreciation. In fact, strong earnings growth can make valuations appear more reasonable over time as companies generate greater profits to support higher stock prices. The relationship between earnings and market performance remains one of the most important indicators of long-term sustainability. Unlike previous bubble periods, current market gains are being supported by measurable improvements in corporate profitability.   Greg Powell, CIMA® President and CEO Wealth Consultant Email Greg Powell here Bobby Norman, CFP®, AIF®, CEPA® Managing Director Wealth Consultant Email Bobby Norman here Trey Booth, CFA®, AIF® Chief Investment Officer Wealth Consultant Email Trey Booth here Ty Miller, AIF® Vice President Wealth Consultant Email Ty Miller here   Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post Behind the Headlines first appeared on Fi Plan Partners.

New research from several highly regarded institutions suggests that Americans, not foreign nations, are absorbing nearly the full cost of recent tariffs. While tariffs are beginning to reshape global trade flows and create leverage through reduced trade volume, the immediate financial impact is falling much closer to home than many may realize. Watch this week’s episode of Educational Insights, where Ashley Page explains what these findings could mean for consumers, businesses, and the broader economy moving forward. Watch to learn more. Ashley Page, JD, MBA Senior Vice President Wealth Consultant Email Ashley Page here Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this recording are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision. Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor. This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.The post Who is Carrying the Cost of Tariffs? first appeared on Fi Plan Partners.

Markets and elections often create uncertainty, but history tells an interesting story about how midterm election years have traditionally impacted market performance. In this week’s episode of Educational Insights, Ty Miller breaks down the historical trends, why volatility tends to rise during midterm years, and what past market cycles may suggest about the road ahead. While short-term swings can create concern, the long-term data paints a much more encouraging picture. Watch the latest insight to see why investors may want to keep history and perspective in mind. Watch to learn more. Ty Miller Vice President Wealth Consultant Email Ty Miller here Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor. The Standard & Poor’s 500 Index (S&P500) is a capitalization-weighted index of 500 stocks designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries. All indices are unmanaged and may not be invested into directly. This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.The post Markets and the Midterms first appeared on Fi Plan Partners.

Strong Earnings Continue to Support the Market Markets continue to navigate a range of macroeconomic concerns, including rising gas prices and ongoing uncertainty in the Middle East. Investors are also closely watching the Federal Reserve, as higher yields and interest rates remain a key topic of discussion. Despite these external pressures, one area of the economy continues to stand out: the strength of corporate America. First-quarter earnings season has delivered exceptionally strong results for companies within the S&P 500 Index. As of May 8, 84% of companies had reported earnings above analyst estimates, well above the five-year average of 78%. The breadth of this strength has also been impressive, with seven of the index’s eleven sectors posting year-over-year earnings growth rates of at least 10%. Revenue growth has been equally encouraging. The S&P 500 recorded blended revenue growth of 11.3% in the first quarter, marking the 22nd consecutive quarter of revenue expansion. This sustained growth reinforces the argument that corporate fundamentals remain healthy, even amid broader economic uncertainty. As investors continue to debate whether equity markets are overpriced, current earnings and revenue trends suggest that many valuations may be more justified than critics expected at the start of the year. Corporations have largely met or exceeded expectations, providing strong support for market performance. Why Valuations May Not Be as Stretched as They Appear One of the most common concerns among investors today is whether markets have become too expensive. Questions surrounding a potential artificial intelligence bubble and elevated valuations continue to dominate conversations. While valuations in certain areas of the market may appear stretched on the surface, earnings growth is telling a more nuanced story. A key factor often overlooked is the relationship between stock prices and earnings growth. While market prices have risen, earnings expectations have risen even faster. Current estimates for next 12-month earnings per share have increased by approximately 13%, while the broader market has advanced roughly 8% over the same period. This dynamic has led to what is known as “multiple compression.” In simple terms, even though stock prices are rising, companies are becoming relatively less expensive because earnings growth is outpacing price appreciation. This is the opposite of “multiple expansion,” where prices rise faster than earnings and valuations become increasingly stretched. The result is a market that may actually be cheaper today than it was earlier in the year, despite higher index levels. Strong earnings growth has effectively helped valuations normalize, as prices continue working to catch up with improving corporate fundamentals.   Greg Powell, CIMA® President and CEO Wealth Consultant Email Greg Powell here Bobby Norman, CFP®, AIF®, CEPA® Managing Director Wealth Consultant Email Bobby Norman here Trey Booth, CFA®, AIF® Chief Investment Officer Wealth Consultant Email Trey Booth here Ty Miller, AIF® Vice President Wealth Consultant Email Ty Miller here   Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post Earnings Bonanza first appeared on Fi Plan Partners.

There’s been a lot of buzz recently around the new 530A Accounts, also known as “Trump Accounts,” a savings and retirement vehicle designed specifically for children, even starting at birth. In this week’s episode of Educational Insights, Jason Hatley breaks down how these accounts work, who qualifies, and why families are asking whether this could become a valuable long-term planning tool. From potential government contributions to unique tax advantages, there’s a lot to unpack. Watch to learn more. Jason Hatley, CFP®, CPA, PFS Senior Vice President Financial Planning Manager Email Jason Hatley here Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor. Trump Accounts offer tax deferred growth on earnings. Family contributions are made with after tax dollars, and eligible employer contributions may be excluded from the employee’s taxable income. A one time $1,000 federal contribution may be available for eligible children born between 2025 and 2028. Distributions are generally prohibited during the child’s growth period and, once permitted, are taxable as ordinary income and may be subject to a 10% IRS early distribution penalty if taken before age 59½. Contribution limits and other restrictions apply, and some rules remain subject to future Treasury and IRS guidance. Consult a qualified tax advisor or financial professional before making decisions. This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.The post Understanding 530A Accounts first appeared on Fi Plan Partners.

Inflation, Wages, and the Global Impact of China Economic data released over the past two weeks has provided investors with important insight into the health of the U.S. economy and the potential direction of markets moving forward. One of the most significant reports came from the latest jobs data, which showed the U.S. economy added approximately 115,000 jobs. Even more encouraging, average earnings increased 3.6% year-over-year, coming in stronger than many economists expected and offering another sign of resilience in the labor market. While wage growth is a positive development for workers, the next key question is how much of those gains consumers actually get to keep after inflation. This week’s upcoming Consumer Price Index (CPI) and Producer Price Index (PPI) reports will be closely watched as investors look for clearer signs on inflation trends. These reports remain two of the most important measures of pricing pressures throughout the economy. Energy prices continue to play a major role in the inflation story. Elevated gasoline costs are forcing consumers to dedicate more of their budgets toward fuel expenses, leaving less available for spending in other parts of the economy. Investors will be watching carefully for any signs of “demand destruction,” where higher costs begin slowing consumer activity in other sectors. Adding to the importance of the week, President Trump is expected to travel to China for a high-profile meeting with President Xi Jinping. Discussions are expected to center around tariffs, trade cooperation, and geopolitical concerns involving Iran. Markets will be closely monitoring whether the two countries can make progress toward increasing trade activity between the U.S. and China, which could help ease inflationary pressures globally. China’s own inflation data has shown rising pricing pressures, fueled in part by the conflict involving Iran and the impact on oil markets. As one of the largest buyers of Iranian oil, China’s role in global energy demand remains significant. Any cooperation or policy shifts resulting from these meetings could influence inflation trends, energy markets, and employment conditions both domestically and abroad. With strong economic data already emerging, investors are now focused on how these global developments may shape the market outlook in the months ahead. Broadening Market Strength Supports Investor Confidence Despite ongoing uncertainty surrounding the Middle East, elevated oil prices, and continued questions about Federal Reserve policy, the stock market has remained remarkably resilient. One of the key reasons for this strength has been the continued momentum in corporate earnings. Coming into the year, many analysts anticipated that market leadership would begin to expand beyond the large-cap technology companies that have dominated returns in recent years. That trend is now beginning to materialize, creating what many investors view as a healthier and more sustainable market environment. From January 1 through April 24, small-cap and mid-cap stocks outperformed the S&P 500, signaling stronger participation across a broader range of companies and sectors. This broadening market participation is an encouraging development because it reduces the market’s dependence on a small group of mega-cap stocks to drive overall performance. A wider range of companies contributing to market gains can help strengthen the market’s ability to navigate uncertainty, whether from geopolitical risks, inflation concerns, or shifting Federal Reserve expectations. Analysts also continue to forecast strong corporate earnings growth across multiple market segments, with some projecting record earnings levels by the end of the year. The combination of resilient earnings, improving participation across the market, and continued economic strength provides a constructive backdrop for investors moving forward. While uncertainty remains a constant factor in financial markets, the expanding strength beneath the surface of the market has become an increasingly positive sign for the remainder of the year.   Greg Powell, CIMA® President and CEO Wealth Consultant Email Greg Powell here Bobby Norman, CFP®, AIF®, CEPA® Managing Director Wealth Consultant Email Bobby Norman here Trey Booth, CFA®, AIF® Chief Investment Officer Wealth Consultant Email Trey Booth here Ty Miller, AIF® Vice President Wealth Consultant Email Ty Miller here   Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post What’s China Got to Do with It? first appeared on Fi Plan Partners.

On this week’s episode of Educational Insights, Ashley Page explores why e-commerce delivery trends are shifting from speed to cost savings as rising shipping expenses reshape consumer priorities. He breaks down how retailers are adapting to changing shopper preferences, with more consumers now choosing free standard delivery over expedited shipping. He also explores why these evolving retail trends matter for the broader economy and financial markets, given retail’s major role in consumer spending and U.S. GDP growth. Watch to learn more. Ashley Page, JD, MBA Senior Vice President Wealth Consultant Email Ashley Page here Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post Changes in E-Commerce: What Gives? first appeared on Fi Plan Partners.

On this week’s episode of Educational Insights, Ty Miller breaks down the key drivers of economic growth, explaining how GDP is shaped by population trends and productivity. He explores why slowing population growth has weighed on the economy and how advancements in artificial intelligence could help fuel the next phase of expansion. While concerns around job disruption persist, historical trends show that innovation has consistently created new opportunities, reinforcing the economy’s ability to adapt and grow over time. Watch to learn more. Ty Miller Vice President Wealth Consultant Email Ty Miller here Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post GDP and the Need for Enhanced Productivity first appeared on Fi Plan Partners.

Navigating Uncertainty with Clarity In today’s rapidly shifting global environment, investors are faced with an overwhelming amount of information. From central bank policy decisions to geopolitical tensions, the volume and complexity of news can make it difficult to determine what truly matters for long-term financial planning. The focus, however, should remain on identifying the key variables that directly impact portfolios and market behavior. As global events unfold, particularly unexpected geopolitical conflicts, the investment landscape becomes even more complex. At the start of the year, few anticipated that escalating international tensions would coincide with critical monetary policy decisions. Energy prices, inflation expectations, and broader economic sentiment are all influenced by global conflict, and in turn, these elements shape how policymakers respond. For investors, staying informed and maintaining perspective is critical to navigating these uncertain conditions with confidence. Policy, Markets, and the Path Forward Recent market movements highlight the significant influence of policy decisions, particularly those made by the Federal Reserve. In its latest meeting, the Fed opted to hold interest rates steady, a widely anticipated move. However, the broader implications of that decision, along with ongoing leadership considerations, have added another layer of complexity to market expectations. Despite heightened attention on geopolitical tensions, the Fed’s policy stance has arguably had a more immediate impact on financial markets. Investors are increasingly recognizing that while global conflicts, especially in energy-sensitive regions, pose risks, the policy response to those conflicts may ultimately be more consequential. One of the primary concerns tied to geopolitical instability is the potential for rising oil and gas prices to reignite inflation. While this risk exists, there is a compelling argument that economic growth should be a more pressing concern. Historically, inflation trends have been closely tied to changes in the money supply, often with a lag of over a year. Current data suggests that money supply growth remains below trend, indicating that inflationary pressures may be more contained than feared. At the same time, prolonged geopolitical conflict can weigh on economic growth, productivity, and business confidence. This creates a delicate balancing act for policymakers. While short-term energy price spikes may influence sentiment, they may not necessarily translate into sustained inflation. Instead, the risk of slowing growth could become the more significant challenge. Market expectations currently reflect a cautious outlook, with little anticipation of near-term rate cuts and, in some cases, the possibility of rate hikes. However, there is a growing view that the Fed may need to reconsider this stance. Modest rate cuts later in the year could provide support for economic growth without significantly exacerbating inflation risks. From a corporate perspective, earnings remain a key area of focus. While energy companies may benefit from higher prices, it is important to monitor whether growth remains broad-based across sectors. Sustained earnings growth will be critical in maintaining market stability and investor confidence. Ultimately, the path forward remains uncertain. The interplay between geopolitical developments, energy markets, inflation, and monetary policy creates a complex environment for decision-making. While precise predictions are difficult, staying informed and adaptable will be essential. Even incremental shifts in policy expectations, such as signaling potential rate cuts, could have meaningful implications for markets in the months ahead. Greg Powell, CIMA® President and CEO Wealth Consultant Email Greg Powell here Bobby Norman, CFP®, AIF®, CEPA® Managing Director Wealth Consultant Email Bobby Norman here Trey Booth, CFA®, AIF® Chief Investment Officer Wealth Consultant Email Trey Booth here Ty Miller, AIF® Vice President Wealth Consultant Email Ty Miller here   Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post Fed Decisions, Escalation in War first appeared on Fi Plan Partners.

On this week’s episode of Educational Insights, Trey Booth explains the critical difference between correlation and causation in investing. While many market trends appear connected, like certain stocks rising alongside the broader market, he highlights why moving in the same direction doesn’t necessarily mean one causes the other. By looking beyond surface-level data and digging into the underlying drivers of market behavior, investors can better understand the real forces influencing their decisions. Watch to learn more. Trey Booth, CFA®, AIF® Chief Investment Officer Wealth Consultant Email Trey Booth here Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. A Roth IRA offers tax deferral on any earnings in the account. Qualified withdrawals of earnings from the account are tax-free. Withdrawals of earnings prior to age 59 ½ or prior to the account being opened for 5 years, whichever is later, may result in a 10% IRS penalty tax. Limitations and restrictions may apply. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post Correlation and Causation first appeared on Fi Plan Partners.

Higher Oil Prices are Cutting into Consumer Tailwinds Coming into the year, one of the major economic themes was the expected strength of the U.S. consumer. A key reason for that optimism was the wave of additional tax refunds created by provisions from last year’s tax legislation, including changes such as no tax on tips, no tax on overtime, and adjustments to the SALT deduction. These measures were expected to deliver a meaningful boost to household cash flow. So far, that boost has materialized. Tax refunds are running about $24.7 billion higher compared to this time last year, providing a significant inflow of funds to American households. However, rising oil prices are beginning to offset part of that benefit. Gasoline costs have increased by roughly 57 cents per gallon, and because the United States consumes about 380 million gallons of gasoline per day, that price increase translates to approximately $218 million in additional daily spending on fuel. Over time, that adds up quickly. Estimates suggest that around $5–6.5 billion of consumer purchasing power has already been absorbed by higher gasoline costs. While that has not eliminated the entire tax refund boost, it has clearly reduced the amount of money consumers have available for discretionary spending. There are early signs of this shift in behavior. The U.S. savings rate has moved higher, indicating that consumers may be holding onto more of their refund rather than spending it broadly across the economy. Instead, a larger portion of that money is being redirected toward energy costs. This dynamic isn’t inherently negative, but if energy prices remain elevated for an extended period, it could limit the broader economic stimulus that tax refunds were expected to provide. Oil Markets Echo Past Geopolitical Shocks Consumer spending remains one of the most important drivers of economic growth and market performance, which makes rising oil prices especially significant. To better understand the current environment, it’s helpful to look at how oil prices behaved during previous geopolitical shocks, particularly the surge that followed the Russian invasion of Ukraine. At that time, oil prices rose sharply as the conflict escalated. Brent Crude climbed from around $65 per barrel in early December 2021 to roughly $139 per barrel as the war unfolded in early 2022. Recent events show a similar pattern. Tensions surrounding the conflict involving Iran pushed oil prices from about $60 per barrel to nearly $120, reaching a peak around early March before retreating as tanker traffic resumed through the Strait of Hormuz. This waterway is one of the most critical chokepoints in global energy supply, with a significant share of the world’s oil passing through it. Because of that, any disruption to traffic there introduces considerable supply risk. The good news is that oil prices have recently pulled back, suggesting that markets may be pricing in a better-than-feared outcome. If the pattern continues to resemble the 2022 experience, there’s a possibility that peak prices for this geopolitical event may already be behind us. Still, uncertainty remains high. Oil volatility continues to reflect ongoing concerns about the duration and intensity of the conflict and its potential impact on global supply. What Higher Oil Means for the Federal Reserve While market attention has largely been focused on geopolitical developments and energy prices, another important factor is quietly approaching: the Federal Reserve’s upcoming policy meeting. The Federal Reserve is widely expected to hold rates steady for now. However, expectations for interest rate cuts have shifted dramatically in recent months. At the start of the year, markets were pricing in roughly three rate cuts for 2026. That expectation has now dropped to fewer than one cut for the year, a significant change in outlook. A major reason for this shift is renewed concern about inflation, particularly due to higher energy prices. Oil price spikes often create short-term inflation pressure, but historically they tend to be one-off events rather than drivers of sustained inflation. In many cases, high oil prices eventually slow economic activity, which helps ease inflation pressures over time. Some early signs of that slowdown are beginning to appear. Recent revisions show that U.S. real GDP growth slowed from 1.4% in the fourth quarter to 0.7%, indicating a modest deceleration in economic momentum. Ironically, if oil prices eventually decline, as they often do after geopolitical shocks, the resulting drop in inflation pressure could reopen the door for additional rate cuts from the Fed. For now, savers may benefit from higher interest rates lasting longer than expected. But if oil prices retreat and economic growth slows further, the outlook could shift toward two to three rate cuts, which would be more favorable for borrowers. Greg Powell, CIMA® President and CEO Wealth Consultant Email Greg Powell here Bobby Norman, CFP®, AIF®, CEPA® Managing Director Wealth Consultant Email Bobby Norman here Trey Booth, CFA®, AIF® Chief Investment Officer Wealth Consultant Email Trey Booth here Ty Miller, AIF® Vice President Wealth Consultant Email Ty Miller here   Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post Oil Tells the Story first appeared on Fi Plan Partners.

On this week’s episode of Educational Insights, Ty Miller explores the growing conversation around cryptocurrency investing and the key differences between owning crypto directly and investing through a crypto ETF. He explains how each option works, from the convenience and regulation of ETFs traded through brokerage accounts to the control and responsibility that comes with holding digital assets in your own wallet. The episode also dives into decentralized apps (dApps) and highlights key differences in ownership, regulation, taxation, and potential use cases that investors should understand before deciding which approach fits their strategy. Watch to learn more. Ty Miller Vice President Wealth Consultant Email Ty Miller here Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. A Roth IRA offers tax deferral on any earnings in the account. Qualified withdrawals of earnings from the account are tax-free. Withdrawals of earnings prior to age 59 ½ or prior to the account being opened for 5 years, whichever is later, may result in a 10% IRS penalty tax. Limitations and restrictions may apply. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post Crypto ETFs vs Owning Actual Crypto first appeared on Fi Plan Partners.

Oil Spikes and What They Historically Mean for Markets One of the most immediate market reactions to geopolitical tension in the Middle East is the surge in oil prices. Since the current conflict began on February 28, crude oil has risen sharply, climbing roughly 18% within days and continuing to move higher as new developments unfold. While oil has surged, other areas that investors often expect to benefit during periods of uncertainty, such as gold, consumer staples, healthcare, and aerospace and defense, have not seen the same type of strength. In fact, several of these traditionally defensive sectors have declined during the same period. This unusual pattern highlights just how quickly market dynamics can shift during geopolitical events. To better understand the implications of a sudden oil spike, it is useful to look at historical data. When oil experiences a rapid five-day rate of change similar to what markets are seeing now, the S&P 500 has tended to show modest short-term weakness but stronger performance over longer periods. Historically, the market has averaged roughly a 1% decline one month after a sharp oil spike. Three months later, returns typically turn positive at about 1%, followed by gains of around 2.5% after six months. Over longer time frames, nine to twelve months, the market has historically delivered even stronger performance. Looking at median returns, which reduce the influence of outlier years like 2008, tells a similar story. Despite sudden jumps in energy prices, equities have generally performed well over time. This pattern suggests that while energy shocks can cause temporary disruptions, they have rarely led to sustained market weakness. Investors may simply need patience while markets digest the initial volatility. How Markets Historically Respond to Geopolitical Events Geopolitical conflicts often create immediate uncertainty in financial markets. The initial reaction is typically increased volatility and a short-term decline in stock prices as investors respond to rapidly evolving news. However, history shows that these events rarely lead to prolonged market downturns. Data examining major geopolitical events since 1941 reveals a consistent pattern. While markets may fall initially when conflict breaks out, the S&P 500 has historically recovered and produced positive returns over the following months. On average, the index has risen about 2.6% three months after major geopolitical events. Six months later, average gains increase to approximately 5.8%, and twelve months after the event, the average return rises to about 7.8%. Recent Middle East conflicts follow a similar pattern. In many cases, the market declined when the news first broke but was higher three, six, and twelve months later. Of course, every event occurs within a unique economic backdrop. Some geopolitical conflicts unfold during periods of economic weakness, while others occur when economic fundamentals remain strong. That broader environment can influence how quickly markets recover. For investors, the key takeaway is that while geopolitical events often create short-term volatility, long-term market performance tends to be driven by more fundamental factors such as corporate earnings and economic growth. Rising oil prices, for example, could influence consumer spending and corporate profitability, which are important drivers of stock prices over time. Key Technical Levels to Watch During periods of intense news flow and rapidly changing headlines, market technicals can provide valuable insight into investor sentiment and potential turning points. Price action often reveals how investors are collectively responding to uncertainty. When markets face heightened volatility, watching key support and resistance levels becomes especially important. For the S&P 500, one important level recently stood at 6,710. This area represented a key resistance point where buying pressure had previously helped support the market. If the index breaks below this level and closes beneath it, attention shifts to the next major support level. That next level sits near 6,582, which corresponds with the 200-day moving average. The 200-day moving average is one of the most widely followed technical indicators in the market. It represents the average price investors have paid for the index over the past 200 trading days. Because of this, it often acts as a psychological threshold where buyers and sellers reassess positions. If the market approaches that level, investors who previously purchased near that average price may choose to lock in profits or defend their positions by buying additional shares. This dynamic frequently creates support around the 200-day moving average. Importantly, the moving average is currently trending upward, which is typically viewed as a positive signal for the broader market trend. From a broader perspective, the current situation appears to be a market-driven event rather than a fundamental economic shift. When volatility is driven primarily by headlines rather than economic deterioration, technical indicators can help investors monitor how sentiment is evolving in real time. Greg Powell, CIMA® President and CEO Wealth Consultant Email Greg Powell here Bobby Norman, CFP®, AIF®, CEPA® Managing Director Wealth Consultant Email Bobby Norman here Trey Booth, CFA®, AIF® Chief Investment Officer Wealth Consultant Email Trey Booth here Ty Miller, AIF® Vice President Wealth Consultant Email Ty Miller here   Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post What’s Changed? first appeared on Fi Plan Partners.

On this week’s episode of Educational Insights, Ashley Page examines why commercial construction is slowing down and what that means for the U.S. economy. From labor shortages tied to tighter immigration to rising material costs driven by tariffs, he breaks down the key forces slowing new projects across offices, hotels, apartments, and warehouses. He also highlights one bright spot: the rapid expansion of AI data centers, which is quickly becoming a powerful driver of new construction spending. Watch to learn more. Ashley Page, JD, MBA Senior Vice President Wealth Consultant Email Ashley Page here Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. A Roth IRA offers tax deferral on any earnings in the account. Qualified withdrawals of earnings from the account are tax-free. Withdrawals of earnings prior to age 59 ½ or prior to the account being opened for 5 years, whichever is later, may result in a 10% IRS penalty tax. Limitations and restrictions may apply. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post Commercial Construction Slowdown first appeared on Fi Plan Partners.

Technical Levels and Market Support From a technical standpoint, the market has shown notable resilience despite geopolitical tension. The S&P 500 is currently trading around 6,845, holding up well in the wake of weekend developments. While volatility may persist, it is important to evaluate where meaningful support levels lie. The first key support range sits between approximately 6,522 and 6,630, roughly a 3–5% decline from current levels. This area corresponds closely with the 200-day moving average, a widely followed long-term technical indicator. Further support exists near the 6,150 to 6,200 range. This level represents last year’s breakout zone and would equate to a more typical 10% market correction. Corrections of this magnitude are historically normal within broader uptrends. Importantly, the market remains in an established uptrend. Identifying these “lines in the sand” does not imply that a significant decline is imminent. Rather, it provides a structured framework for evaluating risk should volatility increase. A Healthier, Broader Market Beyond technical levels, underlying market strength offers encouraging signs. One of the most constructive developments in recent months has been the broadening of market participation. In prior years, performance in the S&P 500 was largely concentrated in a small group of mega-cap stocks, often referred to as the “Magnificent Eight.” A healthy bull market, however, is characterized by broader participation across sectors and market capitalizations. Since October of last year, performance has expanded beyond the largest names. Mid-cap and smaller companies have demonstrated improved strength, while many of the previously dominant mega-cap stocks have underperformed relative to the broader index. This rotation signals improving market breadth and positive structural development. Broader participation creates a more stable foundation for equity markets, particularly during periods of geopolitical uncertainty. As the second quarter of the midterm election year unfolds, a period that has historically experienced weakness, the strengthening internal dynamics of the market provide a constructive backdrop. Oil, Inflation, and the “First Casualty” There is a longstanding saying that the first casualty of any conflict is the truth. Early reports during geopolitical crises are often incomplete or inaccurate. Reacting emotionally to initial headlines can lead investors astray. Instead, the focus should remain on measurable data, particularly price action across key markets. In the current environment, oil prices serve as a primary barometer. Historically, Middle East conflicts have had direct implications for crude oil supply and pricing. A review of West Texas Intermediate (WTI) crude over the past five years illustrates this clearly. During the 2022 conflict in Ukraine, oil prices surged above $120 per barrel and remained elevated above $100 for an extended period. Today’s price movement is far more muted. WTI crude has risen to just above $72 per barrel, up from recent lows near $50, but significantly below the extremes seen in prior conflicts. This comparatively restrained reaction suggests markets are not yet pricing in a severe supply disruption. Statements from OPEC members signaling potential production increases may also be helping temper price spikes. Oil matters not only at the gas pump, but more critically through its influence on inflation. Elevated energy prices can make inflation “stickier,” complicating the Federal Reserve’s efforts to lower interest rates. As inflation persists, interest rates may remain higher for longer. The 10-year U.S. Treasury yield remains another key indicator. In recent years, yields moving above approximately 4.5% have coincided with equity market weakness. As long as rates remain within the low-4% to 4.5% range, the broader market environment has tended to remain constructive. The interplay between oil, inflation, interest rates, and equity valuations ultimately determines portfolio outcomes. At present, inflation and rates remain within manageable ranges, and the broader market structure, both technically and fundamentally, remains intact. That does not eliminate risk, but it does suggest there is no immediate evidence that the prevailing uptrend has reversed. Disciplined investors avoid knee-jerk reactions. Instead, they monitor price signals, assess incoming data, and make measured adjustments only when warranted. Greg Powell, CIMA® President and CEO Wealth Consultant Email Greg Powell here Bobby Norman, CFP®, AIF®, CEPA® Managing Director Wealth Consultant Email Bobby Norman here Trey Booth, CFA®, AIF® Chief Investment Officer Wealth Consultant Email Trey Booth here Ty Miller, AIF® Vice President Wealth Consultant Email Ty Miller here   Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post “The Truth is the First Casualty.” first appeared on Fi Plan Partners.

On this week’s episode of Educational Insights, Ashley Page unpacks the slowdown in U.S. job growth and what it signals for the broader economy. From the shift to a “low hire, low fire” environment to the impact of tariffs, labor shortages, AI adoption, and shifting workforce dynamics, he breaks down the four key forces reshaping today’s labor market. While hiring has cooled significantly, he also highlights why steady consumer spending and a still-healthy unemployment rate may offer important context for investors. Watch to learn more. Ashley Page, JD, MBA Senior Vice President Wealth Consultant Email Ashley Page here Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. A Roth IRA offers tax deferral on any earnings in the account. Qualified withdrawals of earnings from the account are tax-free. Withdrawals of earnings prior to age 59 ½ or prior to the account being opened for 5 years, whichever is later, may result in a 10% IRS penalty tax. Limitations and restrictions may apply. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post Why Has Job Growth Slowed? first appeared on Fi Plan Partners.

Tax Refunds and the Consumer Spending Boost There is encouraging news on the tax front. Tax refunds for 2026 are already running approximately $3 billion ahead of last year, reflecting a 17% increase driven in part by recent tax legislation. While that growth rate is slightly below earlier projections, it remains strong and meaningful. Historically, refund season begins to accelerate in late February and continues through May. Current data show this year’s refunds are already tracking ahead of prior years, suggesting that a meaningful influx of cash into households is just beginning. Why does this matter for investors? Consumer spending is a major engine of the U.S. economy and a key contributor to corporate revenue and profit growth. With interest rates trending lower and refunds rising, more money in consumers’ pockets could translate into stronger spending. Increased spending supports corporate profitability, which in turn underpins stock market performance. We are monitoring refund trends closely, as they may provide an important tailwind for economic growth and equities in the months ahead. The Supreme Court Ruling and the Future of Tariffs Tariff policy shifted dramatically following a recent Supreme Court ruling regarding the administration’s use of the International Emergency Economic Powers Act (IEPA). While IEPA has traditionally been used for sanctions and embargoes, it had been applied in this case to implement tariffs. The Court ruled that using IEPA in this way was unconstitutional. Importantly, the decision does not eliminate the executive branch’s authority to impose tariffs. Congress has granted tariff powers through other established mechanisms. In response to the ruling, the administration moved quickly to replace IEPA-based tariffs with alternative authorities, including Section 122 for a broad 15% tariff framework, as well as Sections 301 and 232 for more targeted, country- and industry-specific tariffs. Existing tariffs on industries such as steel and aluminum, as well as tariffs imposed on China beginning in 2018 under Section 301, remain in place. The ruling also raises questions about roughly $130 billion in tariffs previously collected under IEPA. Corporations are expected to pursue litigation seeking refunds, a process that could take months or even years to resolve. While companies may fight aggressively for those funds, consumers should not expect direct reimbursement for tariff-related price increases on retail goods. For markets, the key takeaway is that while the legal pathway has changed, the overall revenue expectations from tariffs are projected to remain similar. However, the structure has become more complex, and policy developments in this area will continue to warrant close attention. Earnings Growth: The Market’s Lifeblood Amid political noise and policy debates, it is important to remember that corporate earnings ultimately drive market performance. With approximately 75% of companies reporting, revenue growth is coming in at roughly 8.5%, exceeding earlier expectations of 6% to 7.5%. Even more impressive is earnings growth, currently tracking around 13.5%, well above prior projections in the 7.5% to 9% range. Strong earnings help justify elevated market valuations. When companies deliver accelerating profits, investors are often willing to pay higher multiples. However, rising earnings also bring rising expectations. Current projections call for approximately 14% earnings growth in 2026 and 15% in 2027, ambitious targets that will require sustained economic strength. Markets often react not just to results, but to the gap between expectations and reality. A solid 10% earnings growth rate could disappoint if investors expected 15%. Conversely, modest expectations that are exceeded can support continued market gains. That is why we monitor both present results and forward-looking projections. Managing expectations is just as important as measuring performance. Greg Powell, CIMA® President and CEO Wealth Consultant Email Greg Powell here Bobby Norman, CFP®, AIF®, CEPA® Managing Director Wealth Consultant Email Bobby Norman here Trey Booth, CFA®, AIF® Chief Investment Officer Wealth Consultant Email Trey Booth here Ty Miller, AIF® Vice President Wealth Consultant Email Ty Miller here   Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post Tariffs, Taxes, and Earnings, Oh My! first appeared on Fi Plan Partners.

On this week’s episode of Educational Insights, Robert Moody breaks down the Roth 401(k) and how it compares to a traditional 401(k), along with how to know which one may be the best fit for your goals. From tax-free growth and withdrawals to contribution limits, employer matching, and tax diversification, this episode highlights the key pros and cons to help you make a confident decision. He also walks through common situations where a Roth 401(k) can be especially valuable, including for younger savers, higher earners, and those planning for long-term flexibility in retirement. Watch to learn more. Robert Moody, CFP®, CEPA® Senior Vice President Wealth Consultant Email Robert Moody here Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. A Roth IRA offers tax deferral on any earnings in the account. Qualified withdrawals of earnings from the account are tax-free. Withdrawals of earnings prior to age 59 ½ or prior to the account being opened for 5 years, whichever is later, may result in a 10% IRS penalty tax. Limitations and restrictions may apply. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post Pros and Cons of a Roth 401(k) first appeared on Fi Plan Partners.

On this week’s episode of Educational Insights, Mark Hume breaks down the topic of allowing private investments inside 401(k) plans and what it could mean for everyday investors. Private equity may offer new opportunities for diversification beyond public markets, but it also comes with important differences like fees, transparency, and how these investments are evaluated. This episode highlights the key pros and cons to understand, so that you can make informed decisions as this space continues to evolve. Watch to learn more. Mark Hume, CFP® Senior Vice President Wealth Consultant Email Mark Hume here Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post Hold Your Horses first appeared on Fi Plan Partners.

Market Breadth is Strengthening One of the most important themes so far this year has been the broadening out of the stock market. In recent years, the market’s gains were heavily concentrated in the largest companies, particularly the “Magnificent 7,” with the top 5 to 10 stocks dramatically outperforming the rest of the index. This year, the pattern has shifted in a meaningful way. Instead of a narrow rally led by a small group at the top, a much larger share of the S&P 500 has begun contributing to overall performance. While these companies may be smaller relative to the largest names, they are still substantial businesses, and their improved participation is a healthy sign for the market. Several indicators reinforce this trend: 68% of S&P 500 stocks are currently trading above their 200-day moving average, which is the highest level since 2024. This suggests the overall market remains structurally intact despite periodic pullbacks and volatility. The percentage of stocks reaching 52-week highs is extremely strong, sitting around the 96th percentile, a level typically associated with broad momentum. Perhaps most striking is how dramatically the market’s leadership has changed. In 2023, 2024, and 2025, the top 10 stocks contributed more than 50% of the S&P 500’s total performance. In 2026, the market is still up year-to-date, but the top 10 stocks have actually detracted from returns by roughly 26%. That final point highlights how different the current environment is. The market is moving higher, but not because the largest names are carrying the index. Instead, strength is spreading across a broader base of companies. The Inflation vs. Productivity Test for 2026 A broadening market is generally considered a healthier market. When more companies participate in a rally, it suggests the underlying economy is stronger and more evenly supported. Two major data releases this week will help determine whether that support can continue, especially as the economy enters what may become one of the defining themes of 2026: the race between inflation and productivity. At the center of this issue is a critical question: Can productivity grow fast enough to offset rising costs? More specifically, can output per worker increase at a pace that allows wages to rise without forcing prices higher? This week brings two important economic signals – Wednesday: the jobs report, delayed due to the temporary government shutdown; Friday: The Consumer Price Index (CPI), the key inflation reading Together, these reports will provide insight into both labor market strength and inflation pressure, and they will feed directly into market expectations for interest rates. One of the most important market indicators right now is the 10-year Treasury yield. Historically, the stock market has tended to hold up well as long as the 10-year yield remains below 4.5%. The yield is currently around 4.2%, and it has remained relatively stable in a tight range, below 4.5% and above 4%, for most of the past year. That range matters because the 10-year yield is highly sensitive to inflation expectations. If inflation spikes again, interest rates are likely to rise, and higher rates can quickly tighten financial conditions and pressure stock valuations. The path to keeping inflation stable depends heavily on productivity. When workers can produce more output per hour, it helps absorb higher wages without pushing prices higher. In that environment, inflation stays contained, interest rates remain more stable, and markets tend to respond positively. Ultimately, inflation, productivity, and interest rates are interconnected. If productivity growth can keep pace with rising labor costs, the economy can move into a positive reinforcing cycle. If not, inflation pressures can re-emerge and lead to higher rates, creating a more challenging environment for both economic growth and market performance. The market’s recent broadening is an encouraging sign, and this week’s data will help determine whether that trend has the foundation to continue as 2026 unfolds. Greg Powell, CIMA® President and CEO Wealth Consultant Email Greg Powell here Bobby Norman, CFP®, AIF®, CEPA® Managing Director Wealth Consultant Email Bobby Norman here Trey Booth, CFA®, AIF® Chief Investment Officer Wealth Consultant Email Trey Booth here Ty Miller, AIF® Vice President Wealth Consultant Email Ty Miller here   Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post The Race Between Inflation and Productivity first appeared on Fi Plan Partners.

On this week’s episode of Educational Insights, Ashley Page breaks down how sports spending contributes to the U.S. economy, and the numbers may surprise you. Depending on how broadly it’s measured, sports account for roughly 1% to 2% of U.S. GDP, a footprint comparable to the entire American auto industry. From the Super Bowl and the Olympics to college athletics and global soccer, this episode highlights how sports have become a major, and fast-growing, economic force. Watch to learn more. Ashley Page, JD, MBA Senior Vice President Wealth Consultant Email Ashley Page here Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post Sports Spending and the GDP first appeared on Fi Plan Partners.

Federal Reserve Policy and the “Height Chart” Theory The Federal Reserve met last week and, as widely expected, made no changes to interest rates. The decision generated little market reaction, largely because economic conditions have not deteriorated enough to warrant rate cuts. Long-term rates have remained relatively stable, short-term rates have already adjusted downward, and overall economic growth continues at a pace similar to last year. With two meetings remaining before May, markets are not expecting significant action from the Fed in the near term. The more notable development came at the end of the week with the announcement that President Trump intends to nominate Kevin Warsh as the next Chair of the Federal Reserve. Warsh is a well-known and respected economist who previously served on the Federal Reserve Board of Governors, becoming one of the youngest members in history at age 36. His public record suggests a more hawkish stance on monetary policy, with a strong emphasis on controlling inflation rather than pursuing easy money policies. Markets reacted quickly to the news. Interest rates moved higher, and precious metals experienced sharp declines, reflecting expectations that Warsh would favor tighter monetary discipline. While some investors were surprised by the direction of rates, history suggests the trajectory may be less mysterious than it seems. A tongue-in-cheek but intriguing chart highlights a correlation between the height of Federal Reserve Chairs and prevailing interest rate environments. From Paul Volcker’s era of high rates to the gradual declines under Alan Greenspan and Ben Bernanke, the zero-rate policies during Janet Yellen’s tenure, and the renewed tightening under Jerome Powell, the pattern has been remarkably consistent. Kevin Warsh appears to align closely with Powell in this framework, suggesting rates may remain near current levels. While clearly correlation, not causation, the chart offers a memorable way to think about where policy may be headed. The AI Bubble Question: Reality vs. Headlines Recent market volatility, including a sharp one-day decline of more than 10% in a major technology stock, has reignited concerns about a potential artificial intelligence bubble. Comparisons to the dot-com crash of the early 2000s have resurfaced, but the data tells a very different story. During the dot-com era, stock prices surged far ahead of underlying earnings. Valuations became detached from fundamentals, creating the conditions for a dramatic market correction. In contrast, today’s AI-driven market environment shows a much closer alignment between stock prices and forward earnings growth. Since 2020, equity valuations have largely been supported by real and measurable earnings expansion. While no investment theme is without risk, current market behavior does not reflect the kind of irrational exuberance that defined the late 1990s. One company’s short-term stock movement should not overshadow the broader fundamentals driving the sector. For long-term investors, the focus remains on earnings growth, balance sheets, and sustainable business models, not headlines or single-day market moves. Economic Strength, Productivity, and Inflation The broader economy continues to show signs of resilience, particularly in the area of productivity. U.S. productivity growth has been gaining momentum, with the most recent quarter approaching 5%, following another strong quarter near 4%. This improvement is especially notable as productivity gains have been elusive for much of the past decade. Artificial intelligence appears to be playing a meaningful role in this trend, supporting efficiency and output across industries. The interaction between productivity and inflation will be critical to watch going forward. While oil prices have begun to rise, a potential inflationary risk, other forces are helping keep inflation anchored. Labor costs, in particular, have remained relatively contained. Wage growth has been fairly flat, which can make the economy feel weaker for consumers still adjusting to residual inflation from 2021 and 2022. However, this same restraint has helped prevent inflation from reaccelerating. A simple way to view the current environment is through the balance of money and output. Inflation tends to rise when more money chases the same amount of goods. Today, money supply growth has slowed, and if productivity continues to improve, allowing the economy to produce more goods and services, price pressures may remain manageable. This dynamic will be central to the economic outlook in the months and years ahead. Greg Powell, CIMA® President and CEO Wealth Consultant Email Greg Powell here Bobby Norman, CFP®, AIF®, CEPA® Managing Director Wealth Consultant Email Bobby Norman here Trey Booth, CFA®, AIF® Chief Investment Officer Wealth Consultant Email Trey Booth here Ty Miller, AIF® Vice President Wealth Consultant Email Ty Miller here   Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post Walking Tall at the Fed first appeared on Fi Plan Partners.

On this week’s episode of Educational Insights, Ty Miller discusses Artificial Intelligence and how it is shaping Wall Street. AI is no longer a futuristic concept, as it’s already driving millions of trades each day by analyzing news, earnings calls, and even satellite data in real time to shape market decisions. From high-frequency trading to predictive analytics and risk monitoring, artificial intelligence is rapidly changing how Wall Street operates. While the opportunities are powerful, the risks and complexities make understanding this shift very important. Watch to learn more. Ty Miller Vice President Wealth Consultant Email Ty Miller here Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post The Use of AI on Wall Street first appeared on Fi Plan Partners.

Broad Market Participation Signals Improving Market Health After several years of narrow leadership, early signs suggest the market is finally beginning to broaden. Market expansion, measured by how many stocks are participating in overall gains, is a critical component of a healthy and sustainable bull market. While major indexes may continue to hit new highs, the underlying strength of the market depends on participation beyond just a small group of dominant companies. Recent data shows meaningful improvement. Roughly 70% of S&P 500 stocks are now trading above their 200-day moving average, a level that reflects strong internal momentum. In most market environments, readings above 50% are considered healthy, making the current figure particularly encouraging. Small-cap stocks are also beginning to outperform, a development that often confirms a change in market trend. When smaller companies start to lead, it suggests that investor confidence is expanding beyond large-cap leaders. This type of rotation is especially important during an ongoing bull market. Another notable metric is the percentage of stocks outperforming the index itself. About 65% of S&P 500 companies are beating the index year-to-date. While the calendar has only just turned to January, this would be the second-highest reading in the past 50 years if it persists. Together, these indicators point toward the type of market expansion that supports long-term growth. Earnings Season Could Accelerate the Expansion While broader participation is already taking shape, corporate earnings may determine whether this trend continues. The market is currently in the heart of earnings season, and this week represents one of the busiest reporting periods of the year. On Wednesday alone, approximately 20% of the S&P 500 will release earnings results. In total, these companies represent about $8 trillion in market capitalization. To put that number in context, the entire Shanghai Stock Exchange, the largest stock exchange outside the United States, has a total market capitalization of just under $8 trillion. In effect, an amount comparable to China’s entire equity market will be reporting earnings in a single day. If companies outside the largest mega-cap stocks continue to deliver strong earnings, the market could see further upside driven by this broader base of performance. That would be a constructive setup early in the year, particularly given the long-held belief that January’s trends often set the tone for the rest of the year. Sustained earnings growth could help reinforce the current expansion, creating a stronger and more durable uptrend, one that provides investors with a wider range of opportunities as the year unfolds. Greg Powell, CIMA® President and CEO Wealth Consultant Email Greg Powell here Bobby Norman, CFP®, AIF®, CEPA® Managing Director Wealth Consultant Email Bobby Norman here Trey Booth, CFA®, AIF® Chief Investment Officer Wealth Consultant Email Trey Booth here Ty Miller, AIF® Vice President Wealth Consultant Email Ty Miller here   Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post Market Expansion first appeared on Fi Plan Partners.

On this week’s episode of Educational Insights, Bobby Norman breaks down the rising cost of eldercare and why it has become one of the most critical factors in long-term financial planning. With monthly costs ranging from roughly $6,000 for home care to nearly $10,000 for nursing homes, new data highlights how quickly these expenses can impact retirement savings. The real takeaway isn’t fear; it’s understanding the options and planning ahead to protect both assets and peace of mind. Watch to learn more. Bobby Norman, CFP®, AIF®, CEPA® Managing Director Wealth Consultant Email Bobby Norman here Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post The Rising Cost of Eldercare first appeared on Fi Plan Partners.

On this week’s episode of Educational Insights, Ashley Page breaks down how a growing majority of small businesses are now using AI and how adoption is accelerating faster than many expected. New surveys show usage jumping to 58%, with practical applications ranging from everyday communications and marketing to analytics, scheduling, and customer service. The real story isn’t hype; it’s how AI is steadily moving from large corporations into the heart of the small business economy. Watch to learn more. Ashley Page, JD, MBA Senior Vice President Wealth Consultant Email Ashley Page here Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post The Impact of AI on Small Business first appeared on Fi Plan Partners.

Seasonality and the Midterm Election Effect Seasonality has long played a role in understanding market behavior, and historical trends can help inform portfolio strategy. January has often set the tone for the year ahead. Historically, a positive January has skewed returns higher over the subsequent quarter, half-year, and full year, while a negative January has tended to precede weaker performance. With the first part of January 2026 already complete, markets have gotten off to a respectable start. While this is no guarantee of future performance, history suggests it is a constructive signal. Another important factor this year is the midterm election cycle. Markets have often underperformed in January and February during midterm election years, driven largely by political uncertainty. Typically, there is an initial lift early in the year, followed by volatility as investors grapple with unknown policy outcomes. Monitoring how markets respond during this period will be critical in assessing how these early dynamics may influence the rest of 2026. Productivity as the Engine of Growth Recent economic data has provided a clearer picture of the economy’s underlying strength, particularly in the labor market and productivity trends. Employment growth has moderated after a prolonged period of strength, raising questions about whether the economy can continue to grow without a hot labor market. Gross domestic products are driven by two primary forces: how many people are working and how productive those workers are. While recent job gains, approximately 50,000 new jobs, reflect modest growth, wage data has been encouraging, with wages rising 3.8% year over year. The most notable development has been a sharp increase in productivity. Third-quarter productivity growth surged to an annualized rate of 4.9%, a significant and unexpected jump. This matters because productivity allows the economy to grow without fueling inflation. When productivity rises faster than wages, both labor and capital can benefit simultaneously. With wages up 3.8% and productivity up 4.9%, there is an implied expansion in profit margins, creating growth without upward pressure on prices. This dynamic represents an ideal balance, economic expansion that rewards workers while maintaining pricing stability. Upcoming inflation data, including CPI and PPI, will be closely watched to see whether this productivity-driven growth continues to flow through the broader economy. Greg Powell, CIMA® President and CEO Wealth Consultant Email Greg Powell here Bobby Norman, CFP®, AIF®, CEPA® Managing Director Wealth Consultant Email Bobby Norman here Trey Booth, CFA®, AIF® Chief Investment Officer Wealth Consultant Email Trey Booth here Ty Miller, AIF® Vice President Wealth Consultant Email Ty Miller here   Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post We’ll See… first appeared on Fi Plan Partners.

On this week’s episode of Educational Insights, Bobby Norman breaks down the growing cybersecurity threats facing individuals and businesses, from phishing and ransomware to lesser-known attacks that can quietly compromise your data. He shares practical, client-tested strategies to protect your financial life, including stronger passwords, multi-factor authentication, and smart habits that reduce risk before problems arise. Don’t miss this important conversation on how a few proactive steps can help safeguard your identity, assets, and peace of mind. Watch to learn more. Bobby Norman, CFP®, AIF®, CEPA® Managing Director Wealth Consultant Email Bobby Norman here Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post Online Best Practices first appeared on Fi Plan Partners.

Volatility, the Fed, and the Productivity Question The year 2026 is poised to be a major inflection point. While 2025 represented a transition phase, toward artificial intelligence adoption and hoped-for productivity gains, 2026 may be the year where outcomes must finally materialize. In many ways, it is a “prove it” year for markets and policy alike. One expected source of volatility is the political cycle. Historically, the second year of a presidential term has been the most volatile period in the market cycle. On average, it experiences deeper drawdowns, nearly 20%, but also stronger recoveries from those lows. While volatility itself is expected, its catalyst is often unpredictable, reinforcing the need for preparedness and flexibility. Another major transition involves the Federal Reserve. A new Fed Chair is expected to take the helm in 2026, and history shows that markets often test new leadership early. Previous Fed Chairs faced sharp drawdowns soon after assuming office, driven by inflation and interest rate concerns. This leadership change comes at a critical moment, as the economy attempts to move beyond the post-COVID imbalance of too much money chasing too few goods. A key metric to watch is the relationship between wages and essential living costs. While inflation pressures have eased since peaking in 2022, wages have yet to decisively outpace the rising cost of necessities such as food, energy, housing, and insurance. For meaningful progress, productivity must increase so that wage growth can exceed cost growth, a shift that would significantly ease the Fed’s policy dilemma. Adding another layer of complexity is the anticipated surge in tax refunds in early 2026. Due to tax legislation passed in 2025, refunds are expected to rise by an estimated 44%, injecting $150–$200 billion into the hands of consumers. Historically, American consumers tend to spend these funds, providing a near-term economic boost. Whether that spending fuels sustainable growth or reignites inflation remains one of the key unknowns policymakers will face. Earnings, Commodities, and Market Concentration As attention turns to investment strategy for 2026, three themes stand out: corporate profits, commodity prices, and market concentration. Corporate earnings remain a primary driver of equity market performance, and current indicators suggest continued strength. Investment in artificial intelligence, resilient consumer spending, and the potential for Federal Reserve rate cuts all support the outlook for sustained profit growth. If these trends continue, corporate earnings could remain a positive force for markets in the year ahead. Commodity prices, particularly gold, silver, and copper, represent another area of focus. Gold’s strong performance has been fueled by concerns over currency debasement, deglobalization, inflation pressures, and large fiscal deficits. However, renewed U.S. economic strength and strong GDP growth could slow the pace of rate cuts, potentially putting downward pressure on precious metals. Whether commodities can continue to surprise to the upside remains an open question. The third and perhaps most critical theme is market concentration. Today, the ten largest stocks account for roughly 41% of the S&P 500, with most deeply tied to artificial intelligence. This raises an important question for 2026: can AI-related investment spending continue at current levels, and will market leadership broaden? The outlook suggests that the simultaneous presence of fiscal, regulatory, and monetary stimulus could support broader earnings growth. A widening of market participation would be a healthier development for investors and could reduce the risks associated with excessive concentration. Energy Markets and an Unfolding Global Surprise One of the most unexpected developments heading into 2026 has emerged from Latin America, particularly Venezuela. Political unrest and potential leadership changes have introduced new uncertainty into global energy markets, making this an evolving situation that demands close attention. At the center of the discussion is the distinction between heavy crude and light crude oil. For decades, the U.S. relied heavily on imports of heavy crude from countries like Venezuela and Canada, which require specialized refining infrastructure. While domestic production of light crude has increased significantly, U.S. refining capacity remains well-suited for heavier grades. This imbalance has contributed to a growing spread between oil prices and gasoline prices. While oil prices have declined sharply, gasoline prices have fallen far less, largely due to refining constraints. A potential reintroduction of Venezuelan heavy crude into U.S. markets, if geopolitical restrictions ease, could help narrow this spread. Lower fuel costs would have meaningful implications for consumers and the broader economy, particularly by easing cost-of-living pressures that weigh heavily on household budgets. While the situation remains fluid, it highlights how geopolitical events can produce unexpected ripple effects with tangible economic consequences. Greg Powell, CIMA® President and CEO Wealth Consultant Email Greg Powell here Bobby Norman, CFP®, AIF®, CEPA® Managing Director Wealth Consultant Email Bobby Norman here Trey Booth, CFA®, AIF® Chief Investment Officer Wealth Consultant Email Trey Booth here Ty Miller, AIF® Vice President Wealth Consultant Email Ty Miller here   Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post Expect the Unexpected in 2026 first appeared on Fi Plan Partners.

Closing Out 2025: Setting the Stage for 2026 As 2025 comes to a close, the economic landscape offers both reassurance and reason for vigilance as we look ahead to 2026. Inflation has been the defining theme of the year, and recent data suggests meaningful progress. The latest CPI reading for November showed inflation at 2.7% year-over-year, below expectations of 3.1%. While this data should be interpreted cautiously due to missing October inflation and unemployment figures, the broader takeaway is clear: inflation remains below 3% and is not rebounding aggressively, even amid ongoing tariff concerns. This marks a productive year in the fight against inflation. However, history suggests the story may not be over. Inflation has often moved in waves, with pauses followed by renewed surges. Current trends indicate we may be in one of those pause periods. Previous inflationary eras, such as those beginning in 1910, 1939, and 1972, saw inflation reaccelerate after similar lulls. One underappreciated factor bears close watching: money supply growth. Currently expanding at roughly 4.6%, money supply has historically been a leading indicator of renewed inflationary pressure. Should inflation move higher in 2026, it would likely remain a central driver of market behavior and Federal Reserve policy uncertainty. This is a dynamic that will continue to shape economic headlines and investment decision-making in the year ahead. Lower Gas Prices and a Tailwind for Holiday Travel One encouraging contributor to easing inflation is the recent decline in gas prices, welcome news during the busiest travel season of the year. AAA estimates that approximately 122.4 million Americans will drive more than 50 miles from home between now and year-end. On a typical day, the U.S. consumes about 376 million gallons of gasoline, a figure expected to rise significantly during this peak travel period. Even small changes in gas prices have an outsized economic impact. A 10-cent decrease at the pump translates into roughly $40 million in daily savings for the U.S. economy. Over the past year, gas prices have fallen about 10%, while oil has dropped more than 30%. This gap suggests gas prices may have further room to decline as they catch up with oil’s sustained downward trend. Lower fuel costs provide a dual benefit: easing inflationary pressure heading into 2026 and giving consumers a financial tailwind during the holiday shopping season. For households and the broader economy alike, this trend is a timely and positive development. Market Rotation and the Santa Claus Rally As the year winds down, attention often turns to the so-called “Santa Claus rally,” a seasonal market pattern that spans the final five trading days of the year and the first two trading days of the next. This rally does not begin until Christmas Eve, meaning expectations should remain measured until that window arrives. Historically, markets have tended to post gains during this short period, though outcomes are never guaranteed. Still, performance during these days is often viewed as an indicator heading into the new year. Beyond seasonal trends, market rotation has been a notable feature of recent months. While headline indexes may appear to have stalled in November and December, the underlying story is more constructive. The top-performing 10% of stocks from January through October, leaders for much of the year, have recently underperformed, while previously lagging segments have begun to outperform. This broadening of leadership is a hallmark of a healthier market. Recent milestones underscore this rotation. Bank of America reached an all-time high for the first time since 2006, and Cisco achieved a new high for the first time since 2000, nearly 25 years. These examples are not about individual stock recommendations and are about illustrating how leadership is spreading across sectors and styles, reinforcing the durability of the broader market environment. Greg Powell, CIMA® President and CEO Wealth Consultant Email Greg Powell here Bobby Norman, CFP®, AIF®, CEPA® Managing Director Wealth Consultant Email Bobby Norman here Trey Booth, CFA®, AIF® Chief Investment Officer Wealth Consultant Email Trey Booth here Ty Miller, AIF® Vice President Wealth Consultant Email Ty Miller here   Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post Closing Out 2025 first appeared on Fi Plan Partners.

On this week’s episode of Educational Insights, Robert Moody breaks down the latest updates to 529 plans, including new tax benefits, scholarship withdrawal flexibility, and even the ability to roll unused funds into a beneficiary’s Roth IRA. These changes give families more control than ever over education and retirement planning, with several little-known rules that could make a major financial difference. Don’t miss this quick breakdown of what’s new, what’s changing, and how to make the most of your 529. Watch to learn more. Robert Moody, CFP®, CEPA® Senior Vice President Wealth Consultant Email Robert Moody here Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post 529 Plans – Overview and Important Changes first appeared on Fi Plan Partners.

Corporate Earnings and a Broadening Market One of the most compelling themes as we transition from 2025 into 2026 is the continued strength of corporate earnings. Estimated 12-month S&P 500 operating margins have climbed to historically impressive levels, reinforcing the idea that Corporate America remains on solid financial footing. As has been noted, a recession accompanied by positive earnings growth would be unprecedented, and that matters. Strong earnings not only support near-term market stability but also create a longer runway for continued performance. Beyond earnings strength alone, another encouraging development is the broadening of market participation. Over the last several years, market returns have been dominated by a small group of large-cap technology stocks. That concentration has been a frequent concern for investors. Encouragingly, earnings growth among the remaining 493 companies in the S&P 500 is now expected to converge with that of the so-called “Magnificent Seven.” This shift suggests that market leadership may become more balanced in 2026. If that trend continues, it could represent one of the most important investment narratives of the coming year and a meaningful opportunity as portfolios are positioned for the future. The Federal Reserve and the Flow-Through to the Economy While earnings and market breadth tell one part of the story, monetary policy remains a critical variable. The Federal Reserve recently concluded its final meeting of the year with a 25-basis-point rate cut, placing the federal funds rate in a range of 3.5% to 3.75%. More significant than the cut itself was the language used by the Fed, signaling that rates are now within a plausible estimate of neutral. In practical terms, this suggests a likely pause in rate cuts in the near term. From our perspective, that pause is a positive development. It allows time for previously implemented cuts to work their way through the economy. Short-term rates affect savers, but long-term rates, where businesses and individuals borrow, are what truly drive economic activity. One area we are watching particularly closely is the spread between the 10-year Treasury and the 30-year mortgage rate. While the U.S. government may borrow near 4%, many individuals are still borrowing at rates above 6%, creating a wider-than-average spread. Historically, that spread averages closer to 1.77%. Even without dramatic declines in Treasury yields, a return to historical norms could significantly lower mortgage rates and materially improve affordability for borrowers. A stable Fed, combined with time for rate cuts to flow through to long-term borrowing costs, could provide meaningful relief to households and businesses alike. Importantly, if the economy remains strong, with healthy earnings and resilient markets, the Fed does not need to act aggressively. In that context, a pause becomes a signal of confidence rather than concern. Greg Powell, CIMA® President and CEO Wealth Consultant Email Greg Powell here Bobby Norman, CFP®, AIF®, CEPA® Managing Director Wealth Consultant Email Bobby Norman here Trey Booth, CFA®, AIF® Chief Investment Officer Wealth Consultant Email Trey Booth here Ty Miller, AIF® Vice President Wealth Consultant Email Ty Miller here   Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post We’ve Never Seen… first appeared on Fi Plan Partners.

The Fed’s Crucial Role and What Comes Next The Federal Reserve continues to dominate market conversations, and for good reason. Each decision the Fed makes, particularly regarding interest rates, carries direct implications for markets, borrowing, saving, and overall economic momentum. This week’s meeting is no exception. The Fed is widely expected to cut interest rates by another 25 basis points, but the real story lies beyond the short-term benchmark rate. While the Fed controls the front end of the yield curve, long-term rates move largely on market forces. That distinction matters: savers benefit from high short-term yields, but it’s borrowers who depend on lower long-term rates. Recently, even as the Fed has cut rates, long-term yields have plateaued or drifted higher, reducing the intended impact of monetary easing. Whether long-term rates follow this next cut will be a critical signal for what comes next. This meeting also arrives at a transitional moment. It is likely the final meeting before a new Federal Reserve Chair is announced, with expectations centered around Kevin Hassett, though, as always, presidential decisions remain unpredictable. By the next meeting in late January, Chair Powell will be operating as a lame-duck leader, with his successor already named. Additionally, the Fed has recently halted its balance-sheet reduction, introducing more uncertainty into how they approach liquidity and money supply management going forward. With so many moving parts, rate cuts, balance sheet policy, and leadership changes, this week’s meeting is likely to spark notable market reaction. Global Equity Trends Strengthen the Outlook Alongside improving U.S. economic fundamentals, such as strong corporate earnings, moderating rates, and steady consumer resilience, global equity markets have been quietly building positive momentum. Nearly every major global index has shifted into a positive trend, a significant development after years of mixed or uneven global performance. Most global markets made this turn in 2025, signaling that equity strength is no longer isolated to the U.S. but is broadening worldwide. This synchronized uptrend is a constructive sign for investors and supports a healthier market environment heading into 2026. With global momentum now aligning with domestic fundamentals, the market backdrop continues to strengthen on multiple fronts. The Truth Behind Today’s AI Bubble Fears Concerns about a potential AI-driven market bubble have become increasingly common, both in financial news and in client conversations. However, current data suggests the sector’s growth is not speculative in the way many fear. Technology stocks have indeed rallied, but importantly, their valuations have not expanded beyond what earnings justify. Year-to-date, there has been no multiple expansion in the technology sector, meaning prices have risen because profits have risen, not because investors are blindly paying more for the same fundamentals. A comparison of current valuations to those seen during the dot-com bubble further underscores the difference. In March 2000, many companies traded at 100–150 times forward earnings. Today, nearly all major technology companies remain under 50 times earnings. While not “cheap,” these valuations are grounded in real profitability and genuine business strength. The landscape is nowhere near the speculative extremes of 2000. In short, while AI is a powerful long-term theme, the data does not support the idea that markets have entered an AI bubble, at least not yet. Greg Powell, CIMA® President and CEO Wealth Consultant Email Greg Powell here Bobby Norman, CFP®, AIF®, CEPA® Managing Director Wealth Consultant Email Bobby Norman here Trey Booth, CFA®, AIF® Chief Investment Officer Wealth Consultant Email Trey Booth here Ty Miller, AIF® Vice President Wealth Consultant Email Ty Miller here   Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post Fed Up with the Fed and AI first appeared on Fi Plan Partners.

On this week’s episode of Educational Insights, Ashley Page breaks down why America’s manufacturing sector has slipped from 25% of the GDP in the 1950s to just 9.7% today and why restoring it could be transformative. He highlights how boosting manufacturing back to even 15% could strengthen the middle class, enhance national security, fuel innovation, and revitalize communities across the country. Tune in to discover why a manufacturing revival could reshape our economy and create new opportunities for communities nationwide. Watch to learn more. Ashley Page, JD, MBA Senior Vice President Wealth Consultant Email Ashley Page here Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post Manufacturing and the US GDP first appeared on Fi Plan Partners.

Market Volatility, Seasonal Strength, and Key Economic Signals After an uptick in volatility throughout November, attention is now turning to December to determine whether seasonal strength can help stabilize or lift the markets. Historically, Thanksgiving week has marked the beginning of one of the strongest seasonal periods of the year. Given the market’s uneasiness in recent weeks, this timing is especially significant. One of the most closely watched developments is the upcoming Federal Reserve meeting. Recent labor market weakness has increased the likelihood of a rate cut, with current expectations hovering around an 80% probability. If the Fed moves forward with cuts, small-cap stocks could see renewed momentum. These companies have traditionally benefited the most following rate reductions, and a broadening of market performance beyond large-cap names would be a welcome shift. Higher interest rates have weighed heavily on small-cap companies in recent years, largely because their debt structures tend to be shorter-term and more sensitive to rate fluctuations. In contrast, large-cap companies typically hold longer-dated debt, making interest expense a smaller factor in their overall performance. Additional rate cuts would therefore be a meaningful tailwind for smaller companies, an important item on this year’s holiday market wish list. Another key factor being monitored is consumer confidence. Recent readings have fallen short of expectations, reaching their lowest level since the tariff-related declines in early spring. Cost pressures, affordability concerns, and rising layoff announcements have all contributed to weaker sentiment. Surprisingly, however, corporate profitability has held up, with earnings growth continuing to diverge from consumer mood. The central question heading into 2026 is whether strong earnings can continue to support stock prices if consumer spending moderates. December will be a critical month for understanding the financial health of consumers during the holiday season and determining whether earnings expectations should be adjusted as the new year approaches. A variety of indicators, from market performance to rate decisions to consumer behavior, will help shape the outlook for 2026. Strengthening Communication Through Technology and Social Media With the holiday season being one of the busiest times of the year, effective communication becomes especially important. A key objective is to ensure clients and colleagues receive timely, accessible updates in ways that suit their preferences. To support this goal, content is shared across multiple platforms and formats, ranging from social media to email to the firm’s expanding series of podcasts and digital insights. Efforts continue to grow across channels including Instagram, Facebook, LinkedIn, X, and YouTube. These platforms allow for real-time outreach and make it easy for clients, colleagues, and followers to stay connected. The engagement and feedback received across these channels help guide future topics and ensure the content remains relevant and valuable./span> Greg Powell, CIMA® President and CEO Wealth Consultant Email Greg Powell here Bobby Norman, CFP®, AIF®, CEPA® Managing Director Wealth Consultant Email Bobby Norman here Trey Booth, CFA®, AIF® Chief Investment Officer Wealth Consultant Email Trey Booth here Ty Miller, AIF® Vice President Wealth Consultant Email Ty Miller here   Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post Holiday Market Wishlist first appeared on Fi Plan Partners.

The Cost of Thanksgiving Comes Down Each year, the American Farm Bureau releases an estimate of what it costs to feed a family of ten for Thanksgiving, a lighthearted but useful snapshot of price trends for holiday staples. The latest estimate projects an average meal cost of $55.18, which is 5% lower than last year and well below the record high of $64.05 set in 2022. After several years of elevated prices, the continued decline offers consumers much-needed relief during the holiday season. However, the price movement isn’t uniform across the Thanksgiving table. Turkey leads the price drop, falling 16% to an average cost of $1.34 per pound. On the other end of the spectrum, weather disruptions have sent sweet potato prices soaring 37%, and even the often-neglected vegetable tray, the one that tends to be forgotten at many gatherings, is up a surprising 61% year-over-year. While this year’s data suggests the holiday feast is becoming more affordable overall, the mix of rising and falling costs highlights how specific factors continue to influence individual food categories. With three consecutive years of declining Thanksgiving costs, this trend reflects encouraging movement in food inflation. For families and friends preparing to celebrate together, the holiday table may look a little less expensive this year, even if it still pays to favor turkey over vegetables. Can AI Investments Deliver Real Productivity? While conversations around artificial intelligence may not seem like typical Thanksgiving fare, the recent market reaction to NVIDIA’s earnings highlights the broader impact of technology investment across the U.S. economy. One of the most notable developments is the rapid expansion of data center construction, a direct byproduct of the AI boom. Since 2020, data center development has surged dramatically, even as general office construction has sharply declined. In fact, data center spending is on track to surpass traditional office building for the first time. This shift is more than a construction trend; it reflects an open question that will shape corporate strategy and economic growth: Will heavy AI-related spending actually boost productivity? As labor supply tightens and payroll growth is expected to slow into 2025, the economy will rely more heavily on efficiency improvements to support expansion. Yet, recent data shows underwhelming productivity gains, raising concerns about whether technology investments are translating into meaningful output. As the U.S. moves toward 2026, much of the market’s confidence hinges on whether AI-driven advancements begin delivering tangible benefits to businesses. The scale of investment has been substantial; what remains to be seen is whether it will pay off through faster, smarter, more productive operations across corporate America. Greg Powell, CIMA® President and CEO Wealth Consultant Email Greg Powell here Bobby Norman, CFP®, AIF®, CEPA® Managing Director Wealth Consultant Email Bobby Norman here Trey Booth, CFA®, AIF® Chief Investment Officer Wealth Consultant Email Trey Booth here Ty Miller, AIF® Vice President Wealth Consultant Email Ty Miller here   Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post Thanksgiving Table Topics first appeared on Fi Plan Partners.

This week on Innovation Mavericks, we sat down with Jack Hernig, a standout leader known for bold innovation and creative strategy in the entrepreneurial world. From launching a business to future-focused planning and sharpening problem-solving skills, Jack reveals what it really takes to compete differently. His maverick mindset offers business owners and leaders a roadmap to break the mold and set themselves apart. Watch to learn more. Greg Powell, CIMA® President and CEO Wealth Consultant Email Greg Powell here   Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post Innovation Starts with a Bold Mindset: Insights with Jack Hernig first appeared on Fi Plan Partners.

Corporate Earnings: A Powerful Undercurrent Despite recent worries, rising credit card delinquencies, increases in announced layoffs, and other soft spots across the economy, corporate earnings continue to deliver strong support for equity markets. In the third quarter, 82% of S&P 500 companies surpassed earnings expectations, handily beating the four-year average of 76.3%. Year-over-year earnings growth for the index reached 13.1% as of November 7th, on pace to mark the fourth consecutive quarter of double-digit earnings expansion. With analysts expecting record earnings in the coming quarters, valuation questions naturally follow. The S&P 500’s forward price-to-earnings ratio stood at 23.1 in late October, well above the 10-year average of 18.6. Whether these valuations represent overpricing or simply reflect confidence in consistent earnings growth remains an essential question as investors assess market durability. For now, strong fundamentals continue to underpin equity performance and will remain a critical factor to watch moving into the fourth quarter./span> Technical Signals: A Market Building Its Floor While earnings paint the fundamental picture, technical analysis helps interpret how investors are reacting in real time. The recent movement of the S&P 500 offers several key insights into short-term market behavior. A central indicator is the 50-day moving average, which represents the average entry point of recent buyers. Throughout the year, the index has repeatedly dipped to this level and bounced higher. These rebounds suggest that investors reaching breakeven levels are choosing to reinvest rather than exit, reinforcing confidence and helping form a “floor” in the market. The primary support level being monitored sits at 6,646 on the S&P 500. Should the index fall below that mark, the next significant support level appears near 6,344. These levels are not meant as day-trading signals, but rather as structural indicators of investor sentiment. When combined with robust earnings growth, these technical patterns suggest that the market is forming a stable foundation heading into year-end—one supported by both improving fundamentals and strengthening investor conviction. Government Policy & Business Confidence: Conditions Set for 2026 With the longest government shutdown in U.S. history now concluded, attention has shifted to broader economic conditions and what lies ahead in 2026. A combination of business and consumer tax cuts is expected to inject roughly $285 billion of additional stimulus into the economy that year. At the same time, a more accommodative Federal Reserve, characterized by rate cuts and an end-to-balance-sheet contraction, adds further tailwinds. Even during the shutdown, third-party surveys provided meaningful insights into executive sentiment. CEO confidence, measured by the Chief Executive Group, rose sharply in early November. Executives reported signs of strengthening demand, renewed capital projects, easing inflation pressures, and more clarity on tariffs. As confidence improves, companies are signaling plans to increase hiring, expand revenue, and pursue strategic growth initiatives in the coming 12 months. Deal-making activity reflects this shift in tone. Mergers and acquisitions are gaining steam, supported by a friendlier regulatory backdrop. Initial public offerings, which nearly disappeared in 2022 and remained sluggish through 2023, are also showing signs of revival as market conditions turn more favorable. These developments suggest a growing willingness among corporate leaders to deploy capital and pursue long-term opportunities, an encouraging sign for economic momentum heading into 2026. Greg Powell, CIMA® President and CEO Wealth Consultant Email Greg Powell here Bobby Norman, CFP®, AIF®, CEPA® Managing Director Wealth Consultant Email Bobby Norman here Trey Booth, CFA®, AIF® Chief Investment Officer Wealth Consultant Email Trey Booth here Ty Miller, AIF® Vice President Wealth Consultant Email Ty Miller here   Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post How High Can It Go? first appeared on Fi Plan Partners.