On The Markets

SpaceX debuted at $150, surged to $232 in four days on a wave of AI excitement, then lost 34% of its value in a single week. It was the most hyped, most AI-adjacent IPO of 2026 — and when it turned, the Nasdaq, the chip stocks, and the rest of the tech trade turned with it. So is this just a speed bump, or is AI finally falling back to earth?  This week Sonoma Wealth Managing Principal Chris Sipes CFP® and Marketing Director Dano Weir examine: • The highs and lows of the SpaceX IPO, and how hyperscaling AI companies are dealing with surging capital expenditures. • How Bitcoin is experiencing it’s own volatility right now. • What is the ‘credit spread cycle’ and how could it be influencing AI growth? • What tomorrow’s rebalancing of the Russell 2000 could mean and could indicate about the future. • Why Daren sees oil is telegraphing that the economy might be slowing down?  Book Your Wealth Analysis with Sonoma Wealth right here: https://sonomawealthadvisors.com/book-your-wealth-analysis 0:00 Intro + gold running too hard and fast 4:19 Bitcoin sentiment is low 7:30 Investor sentiment 10:02 Hyperscalers capital expenditures affecting buybacks 13:30 Credit spread cycles 18:40 Where are we in the cycle? 21:40 Gas prices falling?! 24:20 PCE ticking up and market’s reaction 25:03 Interest rate hikes expected 27:20 10-Year Treasury Spread 30:25 Existing vs. New Housing supply 37:30 US Dollar Index 38:50 Gold and oil going down 41:50 Bitcoin loses 8 year old line of support 45:30 Interest rates 47:18 SpaceX played out like a film script for an IPO 50:45 Mag 7 trading down   Full video available on our YouTube Channel  _______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. 

The Federal Reserve just held interest rates steady — but for the first time in years, the bigger story isn't the number, it's the man behind the decision. Kevin Warsh walked into his first FOMC meeting, cut the Fed's statement by more than half, skipped his own dot plot, and left Wall Street with more questions than answers. What a quieter Fed means for your money and your portfolio — let's find out on the markets.  This week Sonoma Wealth Managing Principal Chris Sipes CFP® and Marketing Director Dano Weir examine: • Rates held, and the Fed indicated a potential rate hike.  But Daren sees one sign that a rate cut may in fact be coming this year. • The index you might not know that’s quietly outperforming the biggest 7 stocks in the world. • How did SpaceX’s IPO fare in it’s first full week? • Who thought you could have a more out of touch product launch than the Metaverse?  Snapchat said “I’ll take those odds” this week, and their share price paid the price.  0:00 Intro 7:57 Changes at The Fed 11:10 IPO returns over time lag the market 13:00 The Knicks are a stock? 16:24 Investor sentiment 19:30 Historical US valuations 22:38 Russell 2000 outperforms Mag 7? 25:40 Seasonal performance matters? 26:30 Bond escape velocity 34:00 How did rate news affect the market? 50:00 Gold on the struggle bus    Book Your Wealth Analysis with Sonoma Wealth right here: https://sonomawealthadvisors.com/book-your-wealth-analysis  _______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. 

This week oil prices whipsawed on Iran headlines while a hot inflation print kept the Fed boxed in, and together they drove the narrative in the market. Is the war actually over...again?  How would oil stability affect your portfolio?  How did SpaceX actually perform? Let's find out, On The Markets.  This week Sonoma Wealth Managing Principal Chris Sipes CFP® and Marketing Director Dano Weir examine: • How the price of oil and hot inflation numbers sent the S&P 500 into fits this week. • Projected spending on AI has now surpassed the railroad buildout of the 1800s and the Louisiana purchase.  Perhaps that's why the Mag 7 are down 2.6% year to date? • A list of 10 market triggers that historically have indicated a market peak, with 7 of them currently active. • What were the results of the SpaceX IPO?  7:00 AI buildout surpasses railroad buildout 10:20 Peak market triggers 17:30 YTD returns by asset class 20:30 Emerging Markets earnings strength 22:40 Emerging Markets being driven by tech 25:30 S&P 500 without AI is flat 27:30 Oil inventories shift 28:24 Inflation is on the rise again 46:30 S&P rallied after a stop and start  Full video available on our YouTube Channel Book Your Wealth Analysis with Sonoma Wealth right here _______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. 

The Fed may soon scrap a tool called the dot plot...and most people have never even heard of it. But it has quietly shaped every mortgage rate, bond yield, and retirement projection in the last 14 years. Rumors indicate the new Fed Chair wants it gone by the June Fed meeting, and if it disappears, the financial roadmap Wall Street has relied on for over a decade goes with it. Let's find out how the dot plot may have been the phantom menace all along, On The Markets.  This week Sonoma Wealth Managing Principal Daren Blonski CFP® and Marketing Director Dano Weir examine: • How the “dot plot” has impacted mortgages, bonds and 401ks since 2012 and the impact of it’s potential disappearance. • The all-time high breakout in the S&P cooled today.  Why Daren sees a potential “double top” forming, but “not all hope is lost”. • A key bitcoin owner sold off this week.  Why bitcoin is sitting at critical support and where Daren sees it going.  0:00 What is The Dot Plot? 14:13 Ai selloff today 27:00 Nvidia triple top? 28:00 Oil in a descending wedge 29:00 Bitcoin selling off 34:50 Gold looking precarious 37:48 10 year treasury shot up and stayed elevated    Full YouTube video here Book Your Wealth Analysis with Sonoma Wealth right here: https://sonomawealthadvisors.com/book-your-wealth-analysis  _______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.

In the month of May 2026, The Dow hit a record high on the exact same day consumer sentiment hit an all-time low — and that disconnect is telling us something important. Wall Street is celebrating eight straight winning weeks while everyday Americans post their third straight monthly decline in confidence, creating the widest gap between markets and reality we've seen in years. Does sentiment finally catch up with the market and bring it back to earth?  Or like a SpaceX rocket are we about to blast even higher? Let's find out On The Markets.  This week Sonoma Wealth Managing Principals Chris Sipes CFP®, Daren Blonski CFP® and Marketing Director Dano Weir examine: • Consumer sentiment just hit an all-time low.  Historically, what have the next 12-months of S&P returns looked like in those scenarios? • What 4 categories of loan delinquencies say about the average American family, only one isn’t near all-time highs. • The Top 20% of America meanwhile are on an unprecedented run of growth since 2019, we’ve got the data to prove it. • S&P 500 another all-time high. The key resistance line that has Daren thinking we're headed for "blue sky" territory.  Episode video available here: https://youtube.com/live/mnrwP9gSj74 Book Your Wealth Analysis with Sonoma Wealth right here: https://sonomawealthadvisors.com/book-your-wealth-analysis  _______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.

SpaceX just filed the largest IPO in history with a $1.7 trillion price tag, but the S-1 reveals a much murkier story. Starlink is the only division turning a profit — the rocket business loses money, the AI business loses even more, and Elon Musk controls 85% of the voting power. Is this a high water mark for the fundamentals-less Mag 7 era? Or the bellweather for a new world with no math?  It’s a sign of the times...let's find out on the markets.  This week Sonoma Wealth Managing Principals Chris Sipes CFP®, Daren Blonski CFP® and Marketing Director Dano Weir examine: • SpaceX is going public, and not just for institutional investors.  Is this your chance to get in on the ground floor of the next Pacific Railroad?  Or a launchpad explosion waiting to happen? • What does this moment signify about a greater bubble potential in the market?  How does that compare with 5 other US market bubbles over the past 200 years? • Is $6 a gallon cramping your road trip plans?  Wait until you see how much of that came from our own oil reserves.  0:00 Opening discussion of the SpaceX IPO 10:30 NBA Playoffs are same as investing? 21:00 Bubbles throughout the years 28:00 Drawdowns in recovery periods 29:40 Europe’s growth mirrors USA minus the Mag 7 30:40 Retail sales haven’t grown in 5 years 31:17 Americans own more stocks than ever 34:21 Real yield on treasury inflation protected securities 36:30 Historic strategic oil reserve drawdown this year 50:48 Bitcoin down 51:40 Oil markets trending down 53:30 Gold soft since January Full video of episode here: https://youtube.com/live/L9XMyiWS07Y  Book Your Wealth Analysis with Sonoma Wealth right here: https://sonomawealthadvisors.com/book-your-wealth-analysis  _______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. 

CPI inflation hit 3.8%, the highest since 2023. New Fed Chair Kevin Warsh was installed to deliver a fed rate cut in 2026, but the numbers say he can't. While the S&P 500 hits record highs on surging AI stocks, the rest of the market is lagging and the fed rate decision has become a central bank finger trap. Can Warsh pull free?  Or is stagflation the new reality? Let's find out On The Markets.  This week Sonoma Wealth Managing Principals Chris Sipes CFP®, Daren Blonski CFP® and Marketing Director Dano Weir examine: • Look at rate hikes and cuts over the year.  What does the rest of 2026 hold in store? What could either decision do to the market? • Inflation wipes out wage growth completely for the first time in 3 years. • Chris has a chart dating back to the Civil War that shows that market has only been this expensive one other time in history.  0:00 What is the Fed Finger Trap? 8:00 Rate hikes and cuts price in for 2026 9:49 Investor sentiment 12:06 Inflation wipes out wage gains for first time in 3 years 16:30 Producer price index rising 20:20 2 year treasury rate rising 22:35 Stock market is 2nd most expensive ever 25:58 What railroads tell us about AI 28:20 Small cap vs. large cap over the decades 30:18 Homeowner equity at highest levels since 1960 35:00 Some good news 38:56 S&P heat map 45:03 10 year rate soars, inflation is alive and well 47:20 Oil  48:37 Ugly close on bonds   Video of this episode here: https://youtube.com/live/Khj_z6-QduU   Book Your Wealth Analysis with Sonoma Wealth right here: https://sonomawealthadvisors.com/book-your-wealth-analysis  _______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. 

We're just over a year past the proclamation that tariffs would fix all of America’s economic woes.  Did it really work?  Did the market care one way or the other?  Let’s find out On The Market.  This week Sonoma Wealth Managing Principals Chris Sipes CFP®, Daren Blonski CFP® and Marketing Director Dano Weir examine: • A year of US trade deficit data.  Did tariffs really work? • What have a year of tariffs done to the cost of producing products in America? Drastic decrease or increase? • Could small cap funds finally be outperforming their outsized counterparts? • The story of the Japanese toiler maker who’s price surged this week when the world discovered they manufacture AI components (yes, this is a true story). • Market closed at an all time high, so maybe tariffs did indirectly do their job?  The market is the economy?  Is not the economy? Let’s find out.  3:30 China’s share of rare earth minerals 8:10 Investor sentiment 9:45 Markets since implementation of tariffs 11:50 Inflation since tariff implementation 13:34 Did the trade deficit reduce? 15:06 Is manufacturing expanding? 15:50 Consumer sentiment is down 22:50 Rental inflation 24:00 Consumption and AI are powering domestic demand 25:34 Small-cap growth funds vs. large growth average 30:20 S&P 500 another all time high 32:58 Gold descending? 33:50 10 year treasury trading sideways 34:50 Bitcoin still trading under 200 day moving average 35:00 Equally weighted index did not make an all-time high   Video available here: https://youtube.com/live/2H6Niq8ZHOA  Book Your Wealth Analysis with Sonoma Wealth right here: https://sonomawealthadvisors.com/book-your-wealth-analysis  _______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. 

Changing of the guard is officially underway at the Fed, although Jerome Powell’s not going far.  How might new Fed Chair Kevin Warsh approach interest rates?  Will you finally be able to refinance?  And how did the market react to this news?  Let’s find out On The Market.  This week Sonoma Wealth Managing Principals Chris Sipes CFP® and Sonoma Wealth Marketing Director Dano Weir examine: • US debt has passed an unthinkable threshold.  How might a new Fed Chair tackle this problem? Or is it a problem? • How gas prices have rendered tax refunds irrelevant. • Remember when the market felt doomed 6 weeks ago? We’ll look at the signs Daren is seeing that point to nothing but bulls...unless there’s a shooting star?  0:00 A look back at Jerome Powell’s time as Fed Chair 14:10 Who owns US debt? 16:30 US debt exceeds size of the economy 18:00 Investor sentiment 19:00 Market returns by Fed Chairs over time 22:40 Where do Fed Governors stand? 24:00 2 year treasury 26:00 Personal consumption expenditures came in high 27:30 Unemployment claims are down? 29:00 Gas prices have jumped 31:13 Price increases from Iran War 32:40 Betting markets 39:00 S&P 500, oil and metals this week   Full video here: https://youtube.com/live/AMS9kRc2khg Book Your Wealth Analysis with Sonoma Wealth right here: https://sonomawealthadvisors.com/book-your-wealth-analysis

Search analytics platforms are seeing a bump this week in the term “stagflation”, a stagnant economy that is also experiencing inflation.  Does the narrative hold true in the numbers?  Or is it just another storyline blowing in the wind?  Let’s find out On The Markets.  This week Sonoma Wealth Managing Principals Chris Sipes CFP® and Sonoma Wealth Marketing Director Dano Weir examine: • The Strait of Hormuz seems as available as a pop-up food truck right now.  In the event of closure, how does the US stack up in oil reserves? • How the K-shaped economy can result in consumer sentiment at an all-time low while the purchases are at an all-time high. • What price-action in bitcoin and gold could be signaling about this quarter’s market potential. • The portfolio tracking that’s on pace for it’s greatest year since 1933.  0:00 What is stagflation? 5:10 Worldwide oil reserves 8:20 Investor sentiment 17:34 Price changes expected in the next year 20:18 Food inflation 21:00 How inflation affects portfolios 23:10 Permanent portfolios on track for best year since 1933 25:09 S&P 500 and Nasdaq last 3 years 30:10 Russell 2000 trend 30:57 Developed markets looking strong 31:42 Emerging markets looking strong 32:30 Bonds trading sideways 35:40 Gold looking a little off... 37:27 Bitcoin showing a little strength     Book Your Wealth Analysis with Sonoma Wealth right here: https://sonomawealthadvisors.com/  Audio also available on  Apple Podcasts https://podcasts.apple.com/us/podcast/on-the-markets/id1802984526 Spotify https://open.spotify.com/show/2YqyNLN7mcBApS5RL2piAj _______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. 

The S&P pushed to new highs this week — was it a foundational move or a headline-driven band-aid? This week on On The Markets, Daren breaks down whether this rally is the real deal or just another trap waiting to spring. Let’s find out how, On The Market.  This week Sonoma Wealth Managing Principals Chris Sipes CFP® and Daren Blonski CFP® and Sonoma Wealth Marketing Director Dano Weir examine: • Tariffs, 1 year later.  What impact did they really have on prices?  We’ve got the data. • S&P all time high this week.  So why is Chris pulling a chart looking at “lost decades”? • Daren takes a victory lap on Bitcoin successfully calling a bottom over 2 weeks ago.  0:00 Intro 9:18 Investor sentiment 14:33 How much taxes do high earners pay? 18:10 How 1 year of tariffs affected prices 23:00 Producer price index showing possible inflation 24:25 Government budget still running a deficit 31:30 Lost decades for 60/40 portfolios 34:36 Bitcoin called the bottom 41:00 S&P heat map is hot 48:30 Oil is collapsing 49:25 Volatility is quiet 49:50 Gold and silver slow rise again 51:30 Semiconductor index ripping up   Book Your Wealth Analysis with Sonoma Wealth right here: https://sonomawealthadvisors.com/  Full video available on YouTube: https://youtube.com/live/u9l8ZCP3Znc _______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. 

While market movements can often be “priced in” weeks or months in advance, this week’s news cycle clearly had impacts on asset performance.  With so many reasons for a downturn, the market still found it’s footing.  Let’s find out how, On The Market.  This week Sonoma Wealth Managing Principals Chris Sipes CFP® and Sonoma Wealth Marketing Director Dano Weir examine: • Daren explains why the “TACO” truck returned to the market this week. • Mag 7 held up the market after a rough start to the year.  Where do we go from here? • It’s tax time.  California feels like the most taxed state in the union.  Is it true? • Layoffs and college grad unemployment making headlines.  How many young people are still living with their parents? • Consumer sentiment is at a 70 year low, but we’ll examine what signals Daren sees that are indicating a bullish breakout.  0:00 Intro 6:20 Income tax by state 8:20 Young adults living with their parents 10:47 Investor Sentiment 11:53 CPI ticks up 12:30 ISM vs CPI 16:21 Consumer sentiment at a 70 year low 18:30 Goods inflation 20:00 Spread on junk debt 23:21 S&P is barely off all time highs 24:20 Stock correlations are low 26:09 Value stocks finally performing YTD 28:00 Money supply still going up 31:30 What the TACO trade really means for the S&P 37:30 Heat map and thoughts on “up and to the right” 49:00 Oil down 49:40 Gold staying strong, Bitcoin double bottom  Video available on YouTube: https://youtube.com/live/OORmha0_L3Q?feature=shareBook Your Wealth Analysis with Sonoma Wealth right here: https://sonomawealthadvisors.com/  _______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. 

The Great American Pastime...the market (ha!).  Oil, inflation and a tech selloff might be three pitches the market just can’t shake off.  What adjustments might be made with mid-term elections on deck?  Let’s find out, On The Markets.  This week Sonoma Wealth Managing Principals Chris Sipes CFP® and Sonoma Wealth Marketing Director Dano Weir examine: • A look at S&P patterns in the last 75 years of midterm elections. • All 7 of the Magnificent 7 stocks are down this year and below the S&P as a whole.  We compare their era to prior bubbles across the decades. • The line that was crossed that confirms to Daren the S&P is indeed in a downturn.  0:00 Intro 7:22 A look at prior oil shocks 9:13 The S&P during Midterms 12:45 Investor sentiment 16:11 Consumer sentiment 18:25 Predicting what Trump might do 27:08 Interest rates after oil shocks 29:00 High yield spreads 30:30 Equities in times of stagflation 33:00 Bubbles through the decades 36:56 S&P this week 39:45 How oversold is the S&P? 44:00 Bitcoin down 44:45 Gold finding a botttom? 45:00 The 10 year telling us more inflation is coming? 47:15 All eyes on oil   Book Your Wealth Analysis with Sonoma Wealth right here: https://sonomawealthadvisors.com/  Video available on our YouTube Channel: https://youtube.com/live/5yGx3mMzKP4_______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. 

There’s this feeling that this has happened before. There’s this feeling that this has happened before. As we approach a year since April 2025’s “Libertation Day” Tariff event, the market is feeling eerily similar, albeit under different circumstances.  We examine the factors and possibilities this week, On The Markets.  This week Sonoma Wealth Managing Principals Chris Sipes CFP® and Sonoma Wealth Marketing Director Dano Weir examine: • An 80 year lookback on the S&P 500 in times of crisis and military action. • How has the S&P performed historically during oil-driven events? • A deep dive on major asset classes in the wake of this event-driven drawdown.  8:40 2 Year Treasury Rate 13:00 10 Year Treasury Rate is up 14:55 Investor Sentiment 18:18 S&P decline is not even at April 2025’s depths 21:34 S&P returns through historic events 24:04 S&P during times of war 26:00 60/40 portfolios during oil-driven events 31:20 Major indexes compared 37:46 S&P and Nasdaq loses 200 day moving average 40:06 Developed markets taking it on the chin 43:30 Bond markets experiencing the “pain cave” 45:20 Gold finally experiencing a sell off 47:09 Bitcoin a mild bright spot?    Book Your Wealth Analysis with Sonoma Wealth right here: https://sonomawealthadvisors.com/  Video available on our YouTube Channel: https://youtube.com/live/QJ478p76EZI_______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.

There’s a growing trend and interest among young people in nostalgia from the 1990’s.  Physical compact disc (CD) sales have actually grown in recent years, Barnes and Noble are actually adding physical stores this year, and what’s at the heart of a new Middle East conflict?  Oil.  Let’s see how continued volatility in the oil market played out this week, On The Markets.  This week Sonoma Wealth Managing Principals Daren Blonski CFP® and Sonoma Wealth Marketing Director Dano Weir examine: • Oil and stocks historically have been negatively correlated, and we definitely saw it this week.  Is this a brief incident?  Or is this an oil shock like we haven’t seen since the 1970’s? • Why farming statistics from the 1870’s could give you some reassurance about AI replacing all jobs. • So-called “stagflation” is also looming.  What are the prediction markets saying about the potential for rate cuts, at all this year? • As you'd expect, major spikes in gas prices, some of the sharpest in 20 years.  1:30 1870’s farming stats indicate AI’s future? 3:30 Investor sentiment 5:59 Gas prices some of the sharpest spikes in 20 years 7:35 Further info on gas prices 10:03 Energy sector vs tech sector 13:15 Interest rate market sniffing out the narrative 15:30 Prediction markets feeling zero cuts in 2026? 19:20 Personal consumption is up 20:30 Housing prices slowing 21:20 Private credit market is looking shaky 24:45 S&P this week 33:44 Bitcoin bottom? 39:40 Microsoft bottom?   Book Your Wealth Analysis with Sonoma Wealth right here: https://sonomawealthadvisors.com/  Video available on our YouTube Channel: https://youtube.com/live/ZWZM6Ny9390_______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. 

The main story in the market this week is the main story in the world- military activity in the Middle East.  What impact did it have on portfolios?  How did different asset classes react?  Time to find out, On The Markets.  This week Sonoma Wealth Managing Principals Daren Blonski CFP® and Sonoma Wealth Marketing Director Dano Weir examine: • Why the oil markets last week may have been prescient, but is this week’s spike a sign it might actually go down? • Not surprisingly, defense/tech stock Palantir with a huge bounce amid the current environment. • Gold and Silver on the other hand, two assets commonly viewed as a safe haven, found rough waters for the first time this year.  0:00 Staying focused on the market impact of Middle East military activity 10:40 Gold and silver already priced in this conflict? 16:00 S & P this week hitting lower lows? 18:00 Value stocks basically flat for the year now 19:30 Palantir bouncing, but for how long? 23:20 Bitcoin having a rough year, but not over yet 25:56 10 year treasury    Book Your Wealth Analysis with Sonoma Wealth right here: https://sonomawealthadvisors.com/  Videos available on our YouTube Channel: https://youtube.com/live/WCPnvwj_LZo?feature=share_______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. 

So much for the “New Year, New Bulls” mentality.  NVidia beats earnings and the price gets whacked? Consumer staples having a moment?  Crypto looking like 2024? For why?  Let’s find out, On The Markets.  This week Sonoma Wealth Managing Principals Daren Blonski CFP®, Chris Sipes CFP® and Sonoma Wealth Marketing Director Dano Weir examine: • Inflation numbers continuing to heat up.  What could that mean for a rate cut or, dare we say it, rate “cuts”? • Why’s everything so expensive?  Well maybe it’s because over the past 4 decades California real estate is up 596% on average.  Spoiler alert though-  that’s *not* the state with the highest increase! • Gold and Silver still cooking... • And...is the US military once again targeting Iran and is the oil price confirming that narrative?  4:30 Tax refunds this year vs last 7:19 Expectation for rate cuts 8:58 Trailing PE for S&P 500 12:16 Gold ETF inflows record high 19:20 Junk bonds not showing stress 20:20 Unemployment and labor 31:20 National home prices and rents falling? 32:46 Home prices nationwide over the last 40 years 35:09 Pentagon Pizza Index 38:53 What is oil saying about Iran? 40:40 S&P cap-weighted doing nothing, but equally weighted is smoking 42:00 Cruise around the charts     Book Your Wealth Analysis with Sonoma Wealth right here: https://sonomawealthadvisors.com/  Videos available on our YouTube Channel: https://www.youtube.com/playlist?list=PLaOjL6z16wjV2_CTStzc36Y5JtiwhVoGJ Audio also available on  Apple Podcasts https://podcasts.apple.com/us/podcast/on-the-markets/id1802984526 Spotify https://open.spotify.com/show/2YqyNLN7mcBApS5RL2piAj _______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. 

Welp, so much for the ‘tariff tantrum’.  The US Supreme Court shot down the President’s emergency use of tariffs today.  How did the market react?  Does the US have to refund everything it took in?  Let’s take a look On The Markets...   This week Sonoma Wealth Managing Principals Daren Blonski CFP®, Chris Sipes CFP® and Sonoma Wealth Marketing Director Dano Weir examine: • The market’s immediate reaction to the Supreme Court ruling against the President’s tariff authority. • Why the market might be fearful of the hyperscalers latest superhero team, “The Cap-Ex Men” • First is gold, second is silver...what medal do you get for coming in last place in the Olympics?  Coal?  Because pending home sales gets that medal this week. • S&P is holding on for it’s dear life and what the oil market might be saying about Mid-East tensions.   Take Sonoma Wealth's Wealth Analysis right here: https://sonomawealthadvisors.com/  Videos available on our YouTube Channel: https://www.youtube.com/playlist?list=PLaOjL6z16wjV2_CTStzc36Y5JtiwhVoGJ _______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. 

On Valentine’s Eve, we ask the question-  how do the market really “feel” about AI?  We’re seeing signs in both columns.  This week on our latest episode of On The Markets. with Sonoma Wealth Managing Principals Daren Blonski CFP®, Chris Sipes CFP® and Sonoma Wealth Marketing Director Dano Weir. They look at: • A look at indicators the market has not yet priced in the impact AI is going to have, not just on tech, but all sectors of business. • And yet...the market still LOVES AI, wait until you see the lop-sided chart for US Equities vs everything else in the world. • And yet...we also experienced the SAAS-calypse, with major repricing of huge software stocks. • And yet...inflation is down, and according to the Federal government, job numbers are up.  15:00 Consumer Price Index 16:39 A surge in stock blowups and thoughts on AI 23:15 Money is rotating to other sectors 25:49 Why is the Mag 7 starting to lag? 28:00 AI demand on power 29:47 Commodities markets are small? 32:00 Forever renting? 35:40 Jobs revisions 37:40 S&P 500 this week 39:00 Silver and Gold 40:14 Bond market had a good week 41:15 Oil is looking interesting 43:10 Mortgage rates 44:40 Heat map 50:30 More than 500 leveraged ETFs now trade in the US 51:57 Mortgage delinquency is almost non-existent?   References: https://finance.yahoo.com/news/anthropics-ai-safety-head-just-143105033.html  Take Sonoma Wealth's Wealth Analysis right here: https://sonomawealthadvisors.com/  Video available on our YouTube Channel _______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. 

If you’ve got a Crypto maximalist in your family, make sure to check on them 🤣.  This week on our latest episode of On The Markets. with Sonoma Wealth Managing Principals Daren Blonski CFP®, Chris Sipes CFP® and Sonoma Wealth Marketing Director Dano Weir. They look at: • A look at Bitcoin’s all time drawdowns after a rough week for Crypto. • Google’s looking at record spending this year. • Gold and single had their biggest single day drops ever. • Real estate continues to be topsy turvy-  resale homes outpricing NEW homes.  3:53 Jewelry's % of all gold reserves 9:00 Bitcoin all time drawdowns 12:34 Investor sentiment 13:36 US Manufacturing up 14:22 Google’s spending about to skyrocket 20:40 Software debt 21:29 PE performance 23:16 New homes sink below resales 24:40 Home supply 25:49 US homeowners sitting on equity 26:43 A look at the market 28:32 S&P earnings 32:08 Possibility of a rate cut 33:18 S&P this week 34:50 Gold and single had their biggest single day drops ever 36:00 What is oil saying? 37:48 Nvidia hitting a triple top?  Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/  Video available on our YouTube Channel_______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. 

Is the glitter off gold?  Is the secret out on crypto?  If those two assets slid, then where did it all go?  Time to go On The Markets.  This week on our latest episode of On The Markets. with Sonoma Wealth Managing Principals Daren Blonski CFP®, Chris Sipes CFP® and Sonoma Wealth Marketing Director Dano Weir. They look at: • Gold taking a significant tumble this week, despite a series of charts that show it’s significant performance recently, does this mean it’s topped? • Silver getting SMOKED. • The President made clear his nomination for the next Fed chair-  what could that mean about future interest rates if confirmed? • Is Elon a modern-day Robber Baron?  His net worth sure lines up right. • S & P holding it’s own after briefly 7000.  6:58 BlackRock cuts private debt fund 11:22 The President will nominate Kevin Warsh for Fed Chair- what does that mean for interest rates? 14:05 Investor sentiment 15:50 How much are people saving? 17:40 Rate cut? 19:53 The dollar in previous Bear Markets 20:42 International vs. US over the decades 21:35 S&P vs. Emerging Markets 22:13 US Trade deficit 23:13 Commodities  27:00 USD is falling in foreign exchange reserves 28:20 US stocks measured in gold 29:00 Were we due for a pullback in gold? 34:30 What’s happening in oil 38:49 S&P 500 this week 41:00 S&P heat map 44:00 Silver and Gold 54:45 Bitcoin looking precarious    References:  https://www.today.com/food/news/chocolate-companies-cut-back-on-cocoa-rcna248192  Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/  Videos available on our YouTube Channel: https://www.youtube.com/playlist?list=PLaOjL6z16wjV2_CTStzc36Y5JtiwhVoGJ Audio also available on  Apple Podcasts https://podcasts.apple.com/us/podcast/on-the-markets/id1802984526 Spotify https://open.spotify.com/show/2YqyNLN7mcBApS5RL2piAj _______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. 

Global economic conference this week, so your newsfeed was *hot* with sound bytes from big names.  The common theme we’re seeing?  Change.  This week on our latest episode of On The Markets. with Sonoma Wealth Managing Principals Daren Blonski CFP®, Chris Sipes CFP® and Sonoma Wealth Marketing Director Dano Weir. They look at: • Thoughts on the economic impacts of ‘purchasing’ or territories in the past... • Shocking stats on the number of people living along and the number of americans with 0 income • Changes in the market, maybe for better depending on your perspective, is concentration easing? • Huge drop in the relative strength of the dollar index  0:00 Intro 6:10 Gold and crypto now common in global portfolios 8:30 Volatility this week 11:20 Territories US have purchased 18:58 Investor sentiment 20:50 Households with no income 22:20 1 in 3 households consists of 1 person 24:50 Consumer sentiment 26:10 Consumer spending is a K shape 27:40 Mortgage spreads 30:19 Small caps are back? 32:07 Decade winners in the 1970s 37:00 Russell 2000 finally turning around? 40:44 Dollar relative strength index and gold and silver 49:27 Something is building in oil, gold and silver    Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/  Video available on our YouTube Channel_______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. 

Inflation is hotter than expected, gold and silver keep running, and global tensions seem to be warming up as well.  Let's dive in...  This week on our latest episode of On The Markets. with Sonoma Wealth Managing Principals Daren Blonski CFP®, Chris Sipes CFP® and Sonoma Wealth Marketing Director Dano Weir. They look at: • Inflation hotter than expected, and gold and silver just don’t seem to quit... • Spoiler alert- one of the things I just mentioned is the best performing asset this decade • The not so shocking advantage of ROTHs • Daren’s thoughts on why politicians and the market are a bit like a late night jewelry commercial right now   0:00 Intro 4:28 The Roth advantage 5:50 US GDP was FIREWOOD in the 1700s 10:09 Investor sentiment  13:21 Best performing asset class this decade 17:45 Inflation 19:45 Owner’s equivalent rent 20:50 2 year treasury rates vs. Fed Funds rate 25:00 US dollar vs other currencies 26:31 Market caps by country 29:25 Returns over the last year 30:38 Small cap earnings growth is finally positive 35:00 Whether Trump tariffs will be allowed 42:10 S&P Heat Map 51:40 Mortgage rates 54:00 Bitcoin this week   Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/  Video available on our YouTube Channel _______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. 

Will 2026 mark a turning point in the housing market?  Would you be shocked to find out:  1. _____________ 2. Administration is putting $200b into the mortgage market directly 3.____________ can’t invest in houses soon  Fill in the blanks this week on our latest episode of On The Markets. with Sonoma Wealth Managing Principals Daren Blonski CFP®, Chris Sipes CFP® and Sonoma Wealth Marketing Director Dano Weir. They look at: • 3 surprising facts from that “other” market, real estate • US richest stock market in the world? The insane multiples US Citizens have in stock holdings vs. major world powers like China, Russia and Japan.  • Good thing the stocks are high because you don't want to see the chart we have on the dollar's global reserve currency status... 🫠 • With everything going on with global foreign policy, the honey badger market just keeps on chugging with another all time high.  0:00 Intro 7:43 USA dominates stock ownership globally 10:00 Investor sentiment 11:40 Americans own more US equities than ever 13:00 Surprising Fact #1 17:00 Surpising Fact #2 27:28 Delinquency rates on muti-family housing soaring 33:09 Oil Rigs in Venezuela 34:32 US trade balance of imports down as bad as GFC or COVID 36:00 Taking a look at Polymarket- chance of tariffs being struck down 39:30 S&P closes at another all time high 41:00 Oil prices 48:00 Russell 2000 49:30 Aggregate Bond Index 51:50 Gold and silver 54:00 S&P heat map 56:00 Feds likely won’t cut rates next meeting  Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/  Video available on our YouTube Channel: https://www.youtube.com/live/ahSlZJXqOW8 _______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. 

We survived the robot-pocalypse of 2025...might still be coming in 2026 and beyond or...are we about to throw it back, way back, to the GOLD standard?  Why AI over-hype in 2025 might have led to a knee-jerk reversion to precious metals in 2026, on our first episode of the year On The Markets!  Kicking off the new year right with Sonoma Wealth Managing Principals Daren Blonski CFP®, Chris Sipes CFP® and Sonoma Wealth Marketing Director Dano Weir to look at: • The massive run gold and now silver have been on, in the backdrop of potential AI over-spending. • Trend or not, the money was spent.  What impact has AI investment had on GDP? • What Chris is learning from the 1920s and 1930s market that is ringing even truer today than ever. • Thoughts on Oil and Bonds as we start the year, and the S&P floating at all time highs...let’s go!  0:00 Intro 6:45 Investment history book Chris has been reading 11:30 Asset performance by class for 2025 14:25 Investor sentiment heading into 2026 15:10 S&P 500 vs Russell 2000 1979-2025 16:44 Interest rates 19:54 What impact has AI investment had on GDP? 21:02 AI not really over-spending in comparison to other historic buildouts 22:16 AI headcount replacement going to be modest? 23:13 You will not believe how much the S&P dominates the global equity market 27:10 What & of companies in US history have actually generated wealth in the market? 31:20 Silver ripping, but why? 47:20 S&P 500 floating high 52:48 Bond market is an ascending wedge     Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/  Video available on our YouTube Channel: https://youtube.com/live/Qtw61IjQrgg?feature=share _______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. 

Say it with me, the market is not the economy. And what?  And the economy is not the market.  Good job class, now write that in cursive a hundred more times.  This week On The Markets, Sonoma Wealth Managing Principals Daren Blonski CFP®, Chris Sipes CFP® and Sonoma Wealth Marketing Director Dano Weir look at: • The market’s up 16% this year?  Don’t tell that to job cuts.  Which states have been hit the worst.  Is it all AI?  Or is COVID over-spending finally hitting the fan? • The stock market is definitely not in sync with the other market, real estate.  A look at Americans owning stocks hitting an all time high. • What pattern in oil might mean pump the brakes on recession calls  4:00 Job Cuts by US State in 2025 9:42 Unemployment rate 11:50 Consumer Price Index is “flat” 17:43 EUROPE and SOUTH KOREA had a better year than the US market?! 20:00 Investor sentiment 20:52 Equal weight S&P very different than cap weight 23:13 US households more stocks than ever 28:47 FMS level drops to record low 3.3% 32:30 A look at economic data 32:20 S&P heat map 35:00 Bitcoin 35:10 S&P chart and VIX 36:15 Value of the dollar and oil 38:10 Gold  Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/  Video available on our YouTube Channel: https://youtube.com/live/7avrnD4S1-0?feature=share_______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. 

Fed President Jerome Powell might be going through his last Christmas in office, but he's put on his Santa hat one more time to make it rain again, well it's winter so Let It Snow...liquidity.     This week On The Markets, Sonoma Wealth Managing Principals Daren Blonski CFP®, Chris Sipes CFP® and Sonoma Wealth Marketing Director Dano Weir look at: • How liquidity, i.e. money printing, is back in action and making it’s way to the S&P 500.  Is it covering up an otherwise trash market? • Speaking of, what exactly does a new all time high for the market (which we’ve hit this year) mean for S&P returns moving forward?  High point and all downhill or the start of higher highs? • Silver hit an all time high this week...because the dollar is weakening?  Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/  Videos available on our YouTube Channel: https://www.youtube.com/playlist?list=PLaOjL6z16wjV2_CTStzc36Y5JtiwhVoGJ Audio also available on  Apple Podcasts https://podcasts.apple.com/us/podcast/on-the-markets/id1802984526 Spotify https://open.spotify.com/show/2YqyNLN7mcBApS5RL2piAj  _______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. 

Hope you and your family had an awesome holiday!  Daren, Chris and Dano are back on the grind with a new episode of On The Markets.  As the year draws to a close, we can start to look at all those convenient narratives the market Nostradamus’ had this time of year, and how wrong they were.  5 Busted Market Narratives In 2025 Trump's Administration Will Send Crypto To The MoonBonds Are Yesterday's Asset AI Will Become Everything Foreign Stocks Will Get Crushed With Tariffs Tariffs Will Decrease The Trade Deficit This week On The Markets, Sonoma Wealth Managing Principals Daren Blonski CFP®, Chris Sipes CFP® and Sonoma Wealth Marketing Director Dano Weir look at: • A Trump presidency means crypto to the moon?  Bonds are yesterday’s asset?  Not so fast buddy, and 3 other storylines that just didn’t play out this year. • What correction?  Santa Rally looks to be in full effect with another all time high hit today. • Which asset class is tracking toward it’s best year in nearly 2 decades?  Hint: it’s a continent.  0:00 5 busted narratives in 2025 8:40 US Unemployment 10:35 Chances of a Fed rate cut 11:05 Investor sentiment 12:00 Busted: AI will become everything 19:10 Busted: Crypto to the moon 20:15 Busted: Tariffs will crush foreign stocks 21:45 Busted: Bonds are yesterday’s asset 23:30 S&P getting lapped by China? 27:34 Mid caps are an opportunity? 30:20 Busted: Tariffs will decrease the trade deficit 31:50 Money supply growth 34:52 S&P heat map 39:00 Volatility measures 39:25 Bonds had a decent year 42:09 Bitcoin getting pummeled 48:15 S&P bubbles 43:20 10 year treasury   Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/  Videos available on our YouTube Channel: https://www.youtube.com/playlist?list=PLaOjL6z16wjV2_CTStzc36Y5JtiwhVoGJ Audio also available on  Apple Podcasts https://podcasts.apple.com/us/podcast/on-the-markets/id1802984526 Spotify https://open.spotify.com/show/2YqyNLN7mcBApS5RL2piAj  _______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. 

You won’t fully know when “the bubble” pops, but there will be signs. Did we see some this week?  A smoking gun from TechCrunch?  Or do we just not truly understanding the 4D Chess of tech behemoth accounting?  Plus a few laugh-out-louds with the Sonoma team to lighten the mood in a red week in the market.  Let’s go...  The Bubble Is Leaking  This week On The Markets, Sonoma Wealth Managing Principals Daren Blonski CFP®, Chris Sipes CFP® and Sonoma Wealth Marketing Director Dano Weir look at: • A report of leaked documents from OpenAI that may paint a very different picture of their actual revenue (and therefore value) then the one they’ve been hinting at. • “US Stocks are expensive” is a common (and true) refrain, but would you be stunned to find out we’re not the most expensive in the world?  What country beats us by 5x. • Do rough weeks for Microsoft, Tesla, NVidia and Palantir mean the AI bubble is real and leaking? • But what key support was held that could ease fears, for now.  0:00 Intro and OpenAI leaked documents 11:00 US’s share of the world economy 12:31 New Zealand smokes the US in price to earnings ratio 15:08 Investor sentiment 16:20 Major corrections in Bitcoin’s history 17:57 Chances of a Fed rate cut 21:09 Consumer Sentiment 24:25 Existing home sales since 2000 27:01 Private equity ETF performances 33:50 Emerging markets 34:30 Earnings have helped large cap US 35:58 A look at valuations 38:20 AI Capex low in GDP terms 40:33 S&P this week and a definition of “candles” in the market 45:55 Does VIX have a clue for us? 46:52 10 year treasury 47:40 Silver and gold this week 49:20 Bitcoin getting smoked 50:30 Palantir this week 51:53 Heat map 57:10 Oil this week 57:40 Bonds this week   Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/  Full Video available on our YouTube Channel _______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. 

The chess pieces were definitely moving on the board this week, whether it was the market, the economy or the Federal Government.  When millions become billions become trillions, it can be hard to fathom exactly how much money is really being discussed.  This week, let’s put it in another context...  The AI Buildout Costs More Than Going To Mars  This week On The Markets, Sonoma Wealth Managing Principals Daren Blonski CFP®, Chris Sipes CFP® and Sonoma Wealth Marketing Director Dano Weir look at: • The insane price tag that OpenAI thinks it needs (and why the dude from The Big Short isn't buying it and literally tapped out). • Think $1.5 trillion for an AI buildout is big?  How much debt will be invented when everyone’s got a (portable) FIFTY year mortgage? • “AI Bubble” stocks or not, we’re going to take a victory lap on staying invested through the April tariff crisis.  A look at the multiple asset classes that benefited this year vs. “waiting until things calm down”. • That said...why Daren thinks right now now, the risk to the US market at least, is to the downside.   2:56 Burry taps out, and AI the build out is going to cost more than Mars 14:00 Longest government shutdown ever  20:20 Savings on a 50 year mortgage 26:16 Investor sentiment 27:50  Chances of a Fed Rate cut 29:00 2 Year Treasury vs Fed Funds 30:10 Consumer Sentiment Index 34:30 How concerned are you about losing your job? 35:14 Leading economic indicators 38:40 M2 Money Supply 39:04 Increase in government debt over the last 10 years 39:23 Staying invested through the April crisis paid off 42:15 S&P this week 43:50 Volatility VIX this week 44:40 Magnificent 7 this week 46:20 Silver and gold this week 48:20 Oil this week 50:50 Bitcoin looking shaky 51:50 Bond market this week 53:40 Palantir this week      Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/  Videos available on our YouTube Channel: https://www.youtube.com/playlist?list=PLaOjL6z16wjV2_CTStzc36Y5JtiwhVoGJ Audio also available on  Apple Podcasts https://podcasts.apple.com/us/podcast/on-the-markets/id1802984526 Spotify https://open.spotify.com/show/2YqyNLN7mcBApS5RL2piAj  _______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser todetermine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. 

The signs have been there for months, but is this week that the Ai bubble meets it’s “dot-com” finish? Did a so-called “expert” call it? Let’s find out.This week On The Markets, Sonoma Wealth Managing Principals Daren Blonski CFP®, Chris Sipes CFP® and Sonoma Wealth Marketing Director Dano Weir look at:• The dude from The Big Short is back and he’s betting against Palantir and Nvidia, who proceeded to get smoked this week...• A quick refresher of the ‘K-Shaped Economy’• Foreign central banks are stockpiling gold...not US treasuries.• Was this week the start of a downturn? Or just a natural correction?Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/ Video also available on our YouTube Channel: https://www.youtube.com/playlist?list=PLaOjL6z16wjV2_CTStzc36Y5JtiwhVoGJ _______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance. The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed. Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information. A professional advisor should be consulted before implementing any of the options presented. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser todetermine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.

Tell me if you've heard this one from a friend:"Ya it's great it went up, but I'll get *crushed* on taxes if I sell it. I've got to wait for it to GO BACK DOWN so I can get out."Yikes.Surely the point of investing isn't to wait for an investment to go DOWN 😂for fear of the tax man. Could there be a better way? Enter: The 351 Exchange. A tax deferment option to gain diversity, and unwind concentrated risk. Sonoma Wealth Managing Principal Chris Sipes CFP® and Cambria Investment Management Co-Founder and the Chief Investment Officer Meb Faber connect for a conversation on how 351 Exchanges are the "block and tackling" of finance. Sonoma Wealth Marketing Director Dano Weir hosts the conversation on the history of 351's, scenarios where it makes sense and prohibited categories that may soon be opening. Sonoma Wealth clients have access to this service which must be facilitated by an advisor.Looking to learn more? Get started with us at https://sonomawealthadvisors.com/free-wealth-analysisLearn more about Cambria here: https://www.Cambriafunds.com Cambria Investment Management, LP ("Cambria" or the "Company") is a SEC registered investment advisor that was formed in 2006. Cambria is an independent, privately owned investment advisory firm focused on quantitative asset management and alternative investments. The Company's mission is to preserve and grow capital by producing above-average absolute returns with low correlation to traditional assets and manageable risk. The investment portfolios span from conservative low volatility to aggressive high volatility market products. Mr. Faber is a co-founder and the Chief Investment Officer of Cambria Investment Management. Faber is a manager of Cambria's ETFs and separately managed accounts. Mr. Faber has authored numerous white papers and books. He is a frequent speaker and writer on investment strategies and has been featured in Barron's, The New York Times, and The New Yorker. Mr. Faber graduated from the University of Virginia with a double major in Engineering Science and Biology.He is also the host of The Meb Faber Show on YouTube: https://www.youtube.com/channel/UCKvWzzrVUA_DSCoKXL6GU2w Apple Podcasts https://podcasts.apple.com/us/podcast/the-meb-faber-show-better-investing/id1128955736______________________________________Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance. The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed. Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information. A professional advisor should be consulted before implementing any of the options presented. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.

There was always that one house...that rumor that everybody on D Street in Petaluma didn’t just have “fun size”, they had FULL SIZE candy bars.  As we sit here on Halloween night, is the Fed President is also about to dole out the goods?  This week On The Markets, Sonoma Wealth Managing Principals Daren Blonski CFP®, Chris Sipes CFP® and Sonoma Wealth Marketing Director Dano Weir look at: • Why Fed President Jerome Powell (he still works here?) is offering up “treats”...but in December. • You think inflation’s high?  Wait until you see healthcare... • What baseball cards might be saying about *every* market right now. • What’s Bitcoin doing in this environment?  6:20 Dillard’s has performed the same as Nvidia?! 11:15 China owns rare Earths 13:50 Expectation for Fed Cuts in December 15:50 Short term treasuries 18:20 Tariffs causing upward pressure 19:30 Healthcare premiums crush overal US inflation 21:33 Investor sentiment 22:24 “Euphoria” Guide 28:20 UPS stuns Wall Street with strong profit AND job cuts 32:10 AI datacenter borrowing 37:50 S&P Dividend yield 43:50 Bitcoin this week 45:40 S&P 500 this week 47:00 Measure of volatility 51:56 Nvidia hit   Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/  Videos available on our YouTube Channel: https://www.youtube.com/playlist?list=PLaOjL6z16wjV2_CTStzc36Y5JtiwhVoGJ Audio also available on  Apple Podcasts https://podcasts.apple.com/us/podcast/on-the-markets/id1802984526 Spotify https://open.spotify.com/show/2YqyNLN7mcBApS5RL2piAj  _______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser todetermine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. 

Consumer Price index (inflation) burning at 3% still, stocks in and around the all-time high neighborhood, valuations of companies with no profits through the roof and just for kicks, even more Fed cuts seem imminent.  This week On The Markets, we’ll look at the "engine” of American finance, and why the power players are choosing to RUN IT HOT 🔥.  This week On The Markets, Sonoma Wealth Managing Principals Daren Blonski CFP®, Chris Sipes CFP® and Sonoma Wealth Marketing Director Dano Weir look at: • Market closed at an all time high.  Why if you followed logic, you got smoked. • What some are calling the ‘scariest chart in the world’- a massive gulf between S&P returns and job listings that defies patterns of the last 20 years. •Do fundamentals matter? Tech companies with NO REVENUE are lapping Nasdaq companies WITH revenue.  HUH? •Global banks now hold more gold than US dollars...  9:30 Largest stock valuations still below 2000 bubble price to earnings 10:30  Retail trading is back 12:30 Tech companies with NO REVENUES are doing the best? 23:21 Interest payments on US debt exceed defense spending 24:27 Global central banks soon have more gold than US Dollars 31:05 Gold’s share of global investable assets 35:33 30 year mortgage rate is coming down.. 39:00 A look at the S&P 41:26 Agg Bond Index   Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/  Video available on our YouTube Channel_______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser todetermine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. 

Entering Day 16 of the 2025 Federal Government shut down.  Last week the market seemed to shrug it off.  But for how long?  Gold? Bonds?  This is a time when, as the kids these days now like to say, we need to do a “vibe check”.    This week On The Markets, Sonoma Wealth Managing Principals Daren Blonski CFP®, Chris Sipes CFP® and Sonoma Wealth Marketing Director Dano Weir look at: • How is the S&P, Bond market and gold reacting to the ongoing government shut down and other global tensions?  Not as bad as the media might make it seem • Wait why even look at other asset classes when seemingly *everyone* is in US stocks, more than *ever*? • How often has the S&P actually stayed at record highs like we are now?  0:00 Gold  14:50 Age of cars on the road 17:00 Sentiment indicators 19:00 Federal Government Outlays 20:36 Investors are owning more US stocks than ever 26:20  Dot Com Bubble vs Today 28:00 S&P return cycles 32:00 BTC and ETH chart 35:16 No government facts this week 35:50 Oil prices 38:20 Nvidia kinda red 43:58 10 year treasury hitting resistance    Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/  Videos available on our YouTube Channel: https://youtube.com/live/ZepmMhInkS4 _______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser todetermine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. 

Air traffic control, National Parks, half the IRS, NASA, health agencies all shut down...the market took a minute, but now in tandem with new Chinese tensions, the market is reacting.  Negatively. Like the little meme about a dog surrounded by chaos having coffee, you just gotta say...  Government Shut Down. Chinese Trade Tensions.  This Is Fine.  This week On The Markets, Sonoma Wealth Managing Principals Daren Blonski CFP®, Chris Sipes CFP® and Sonoma Wealth Marketing Director Dano Weir look at: • How the market is reacting currently and historically to government shutdowns, and new tensions between Trump and China. • Gold hit a huge milestone this week.  Which countries are producing the most? • What the so-called “Buffet Indicator” says about the market at this moment. • Why our diversified investors are chilling today.   12:50 Gold production by company 18:27 Investor sentiment 20:50 S&P Performance During Government Shutdowns 22:28 Top performers in the market this year 25:02 Spending of high income individuals 26:28 Consumer sentiment 27:47 Rising probability of losing your job 29:01 Total stock allocations 30:40 Top 20 percent of households by income make up 2/3 of net wealth 32:06 Home equity percentages 34:54 The “Buffet Indicator” hit an all-time high 39:17 Shiller PE Ratio nearing highs 56:00 S&P got smoked today 1:00:00 10 year treasury could go either way, maybe down 1:02:00 Gold looks like a meme stock 1:07:00 Bonds doing pretty well    Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/  Video available on our YouTube Channel _______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser todetermine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. 

You just sort of wake up and are in a cycle that you don't know how it started and it's unclear when it'll end.  The money has money, the money goes to the performance, the performance is Ai, the Ai keeps spending, the employment doesn’t matter, wash rinse repeat.  Because...  The Virtuous Cycle Continues  This week On The Markets, Sonoma Wealth Managing Principals Daren Blonski CFP®, Chris Sipes CFP® and Sonoma Wealth Marketing Director Dano Weir look at: • This closed loop cycle of investment and Ai that seems to be feeding on itself.  Is there an end or should we be saying This Is The Way now? • How has the S&P performed during government shutdowns? • Wait the average consumer is in a GOOD position? • Ai companies with high “valuations”...kay what historically what has that done for their stock’s performance? • Bounceback for Bitcoin and a weekly ATH for S&P  9:20 What’s the S&P performance during government shutdowns? 11:30 Wealth breakout by generation 18:50 Price to earnings ratio and equity returns 20:35 Valuations are a poor predictor in the short term 22:30 Average consumer is in a GOOD position? 27:21 Sentiment indicators 28:27 What economic environment are we in? 29:30 Consumer Price Index compared to manufacturing 35:45 Does the official data show gold has overtaken treasuries as a Central Bank reserve asset? 37:50 NVDA breakout again 40:00 Heat map 44:20 Bitcoin hits ATH 46:00 Bonds are back in vogue? 47:10 Equal-weighted index hits ATH too 47:40 Oil chart signaling...too much supply? 49:40 The dollar has gotten pounded this year 50:09 Gold looks like a crypto chart 53:19 Market volatility      Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/  Video available on our YouTube Channel _______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser todetermine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. 

You leave the money in your checking account, you get 0%. You move the money to the account below it in your online login you get...3%? 4%? 5%?!?! That’s been life for the last couple years with money market accounts.  A no brainer spot to park funds you might need soon or even...for awhile?  Chris Sipes thinks that may change soon.  This week On The Markets, Sonoma Wealth Managing Principal Chris Sipes CFP® and Sonoma Wealth Marketing Director Dano Weir look at: • The economic and monetary factors that may finally bring those high money market rates back down.  Why now might be a good time to review your cash. • The Fed cut rates?  Nobody told the mortgage industry. Rates went UP after the cut. • Cash under the mattress?  Leave it chilling in the online checking?  Joke’s on all of us. A look at how in 50 years $10 becomes $3 when your cash stays cash.  10:16 Investor Sentiment 12:00 Asset classes in different environments 15:23 S&P returns over or under average 16:39 Core PCE 21:10 Short and long term rates since the cut 23:00 30 year mortgages 25:03 Inflation erodes purchasing power 26:02 Money market funds 29:40 Top 50 vs Bottom 450 in S&P 32:08 Debt to equity ratios of direct AI stocks 34:16 Small cap earnings are yet to recover 36:05 S&P earnings in comparison to the Fed Funds rate    Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/  Video available on our YouTube Channel: https://youtube.com/live/JEgnQowvqWQ _______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser todetermine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. 

Halloween in September?  Not exactly.  The S&P wasn’t that spooky or great this week, but there was some “witchcraft” that happened today we need to look at.  Plus, an exciting guest joins the show from Canada's finance hub, Toronto to give his perspective on potential vulnerabilities in the US market right now, On The Markets. This week On The Markets, Sonoma Wealth Managing Principal Daren Blonski CFP®, Chris Sipes CFP® and Marketing Director Dano Weir jump in on: How inflationary pressures might affect the standard 60/40 portfolio with special guest Mike Philbrick, CEO of ReSolve Asset Management. Plus, Mike gives an *amazing* viewpoint on the 2022 moment that he sees as the catalyst for gold’s unprecedented run. What exactly is the ‘triple witching’ that happened today, and how did the market react? Small cap companies finally having a moment out of the doghouse?  Why?  Learn more about Mike and ReSolve Asset Management at: https://investresolve.com/  Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/  Video available on our YouTube Channel: https://www.youtube.com/live/xjxFf9QosPk _______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser todetermine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. 

Our show is focused on the markets, but sometimes the markets are impacted by political and global events.  And yet, despite a tumultuous week that could have easily been a narrative for a dip, the market kept plugging away. It’s time to ask the question... Why Isn’t The Market Reacting? This week On The Markets, Sonoma Wealth Managing Principal Daren Blonski CFP®, Chris Sipes CFP® and Marketing Director Dano Weir explain: The economic data that could easily be contributing to a down market that’s just...not happening, S&P is still up. Tariffs are in effect but somehow the trade deficit got worse, but S&P is still up. The plain numbers that show the S&P as a whole is extremely expensive, but the S&P is still up (catching the theme here?). 4:30 Investor sentiment 9:17 What does the S&P do after a rate cut? 11:02 Trade deficit has actually increased with tariffs 11:51 National debt still up 14:55 Chances of a Fed rate cut 15:55 The Fed doesn’t control all interest rates 17:46 How expensive is the S&P? 23:53 New CPI/inflation numbers 28:04 Consumer sentiment right now below even 2008 29:14 People are still spending 31:37 US expansions and recessions 36:03 Productivity per worker is up 38:35 S&P drawdown frequency 39:47 Guess the stock 47:49 S&P 500 performance 51:36 10 year treasury 53:12 Agg bond index 56:28 Oil doing nothing 58:40 Yield curves  Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/  Video available on our YouTube _______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser todetermine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. 

Cut the rates, money will be cheaper, millions can refinance, market tends to love rate cuts, ...what could go wrong? This week On The Markets, Sonoma Wealth Managing Principal Daren Blonski , Chris Sipes CFP® and Marketing Director Dano Weir explain: Why the scenario where rates need to be cut means we are likely looking at a major economic downturn Why single family home sales are looking like 2008 In the last 20 years should you have been in all gold or all stocks?  Joke’s on all of us, it’s a push? aWhat is a massive drop in “Doctor Copper” telling us about a possible recession? 8:01 US vs Global Equity Returns 11:45 US Equities vs The Rest Of The World since 2009 14:00 Investor sentiment 15:25 Odds of a rate cut 19:33 Job numbers  23:09 2 year treasury vs. Fed Funds Rate  27:30 Americans own more stocks than ever  31:25 Time between S&P 500 All Time Highs  33:12 S&P 500 – where are we going over time?  CAPE ratios  35:38 Russell 2000 is still a dog  37:00 Gold vs. US Stock Market  40:10 New single family homes at near 2008 levels  43:20 Why do we look at “Doctor Copper”?  44:24 Jobs numbers  54:48 Market heat map  55:10 10 year treasury  56:23 Oil performance  59:00 NVidia and Microsoft performance  1:02:00 Agg Bond index  Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/  Videos available on our YouTube Channel: https://www.youtube.com/playlist?list=PLaOjL6z16wjV2_CTStzc36Y5JtiwhVoGJ Audio also available on  Apple Podcasts https://podcasts.apple.com/us/podcast/on-the-markets/id1802984526 Spotify https://open.spotify.com/show/2YqyNLN7mcBApS5RL2piAj  _______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser todetermine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. 

The overarching theme of this decade’s market thus far has been ‘concentration’, meaning a few large, US tech stocks (many fueled by Ai) have just been getting bigger and bigger and smaller stocks have been getting smaller and smaller.  But this week we’re seeing signs of cracks.  And it’s time to ask... Is Concentration Still A Thing? This week On The Markets, Sonoma Wealth Managing Principals Daren Blonski CFP®, Chris Sipes CFP® and Marketing Director Dano Weir look at this exact idea, as well as: What changing home prices and unemployment could mean about the supposedly “fine” US economy. IF the Fed makes a rate cut next month, what has history shown us the S&P will do? Is the Mag 7 melting?  Are small caps about to have a moment?  Why Ai might be the new 2000 Internet Bubble. 3:27 What is concentration? 15:35 More unemployment is expected 16:48 Consumer sentiment 17:39 What goes in to ‘calling a recession’? 28:30 What does the S&P do historically after rate cuts? 29:40 Small Caps vs Large Caps 31:18 Hidden volatility in the Mag 7 32:40 Are small caps having a moment? 34:00 The Russell 2000 36:20 Japan’s Nikkei hits all-time high 37:45 Home prices saw decreases 40:10 Bonds are...back? 42:40 Silver and Gold breaking out? 44:10 S&P did nothing this week 46:21 Bitcoin in a precarious spot 50:38 Mag 7 stalling out    Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/  Videos available on our YouTube Channel: https://youtube.com/live/8I281f-QDq4Audio also available on  Apple Podcasts https://podcasts.apple.com/us/podcast/on-the-markets/id1802984526 Spotify https://open.spotify.com/show/2YqyNLN7mcBApS5RL2piAj  _______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.    Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser todetermine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. 

He lurks in the shadows, waiting for the right moment to come out in Jackson Hole with his secrets that send the market into a frenzy.  HE IS-  FED PRESIDENT JEROME POWELL, but guess what we (think) we know now? We’re having some fun with the episode name, but the market was far from a horror movie on friday!  This week On The Markets, Sonoma Wealth Managing Principal Daren Blonski CFP®, Chris Sipes CFP® and Marketing Director Dano Weir are joined by a special guest at a critical inflection point:  Bob Elliott, Co-Founder and CEO of Unlimited Funds, an investment company which creates and manages ETFs, joins the show...our first guest!  Bob is renowned for his knowledge of macroeconomics, and provides his take on Jerome Powell’s comments indicating interest rates will be cut in September.  The market reacted immediately on Friday...but was that *really* a good thing? College grad unemployment numbers-  is it really AI taking their jobs? Or does this lull dove with an existing cycle? What does the market concentration moment have in common with the space race in the 1960s?  0:00 Special Guest Bob Elliott from Unlimited Funds on Jerome Powell’s potential rate cut comments 23:40 Investor Sentiment 25:33 Potential for a rate cut in September 33:10 2 year treasury rate action 40:55 Housing market index hits covid lows 42:40 Credit balances of sub-prime borrowers   Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/  Videos available on our YouTube Channel: https://www.youtube.com/playlist?list=PLaOjL6z16wjV2_CTStzc36Y5JtiwhVoGJ Audio also available on  Apple Podcasts https://podcasts.apple.com/us/podcast/on-the-markets/id1802984526 Spotify https://open.spotify.com/show/2YqyNLN7mcBApS5RL2piAj  _______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.  Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser todetermine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.

We are indeed a wealth management firm that deep dives on market trends, expense ratios, long term tax implications, competing currency trends, etc, etc, etc... But we also keep our feet on the ground and ask- how does that actually show up in your life?  On today’s episode, we look at the macro economics that have left us with.... This week On The Markets, Sonoma Wealth Managing Principal Daren Blonski CFP® and Marketing Director Dano Weir examine: Why monetary policy has ballooned everyday items like burritos, and will likely never come back down. Speaking of inflation, new inflation numbers came in hot this week.  Why that puts Trump and The Fed in a deeper standoff. Speaking of the President, he met with Putin today in Alaska.  Major implications for oil...so what did oil do today in the market? 0:00 Why we might be stuck with $13 burritos 6:52 New core PPI data shows inflation spike 14:22 So what did that do to the S&P? 17:50 10 Year bond yield 20:08 How did Trump/Putin affect oil? 21:06 Gold 21:31 Mag 7 21:18 Nvidia 23:00 MOVE index 23:18 Silver 32:30 Dr. Copper 34:48 Junk Bonds  Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/  Videos available on our YouTube Channel: https://www.youtube.com/playlist?list=PLaOjL6z16wjV2_CTStzc36Y5JtiwhVoGJ Audio also available on  Apple Podcasts https://podcasts.apple.com/us/podcast/on-the-markets/id1802984526 Spotify https://open.spotify.com/show/2YqyNLN7mcBApS5RL2piAj  _______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.    Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser todetermine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. 

Did you know IBM laid off 8000 people in May, essentially handing the bulk of its HR operations to an A.I. chatbot? It’s true, underreported and happening more and more. As we see how A.I. hits the marketplace, it's seeming less a hostile takeover, and more a creeping ground swell.  Could it be doing the same to your portfolio?   This week On The Markets, Sonoma Wealth Managing Principal Daren Blonski CFP® and Marketing Director Dano Weir look at this exact idea, as well as: What Las Vegas tourism numbers could be saying about the economy Impacts of the firing of the head of the IRS Why tariffs actually might be helping and hurting 5:10 Look at the S&P 500 6:50 S&P heat map gobbled up by Big Tech 10:56 College grad unemployment rate affected by AI? 19:16 Themes for investing 32:35 Gold chart 33:18 Bond market 39:05 Dow Jones transportation and IWM   Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/  Videos available on our YouTube Channel: https://www.youtube.com/playlist?list=PLaOjL6z16wjV2_CTStzc36Y5JtiwhVoGJ Audio also available on  Apple Podcasts https://podcasts.apple.com/us/podcast/on-the-markets/id1802984526 Spotify https://open.spotify.com/show/2YqyNLN7mcBApS5RL2piAj  _______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.    Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser todetermine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. 

Mark Twain popularized an old saying from a former British Prime Minister:  “There are 3 types of lies:  lies, damned lies and statistics.”  Find out why we believe that may be in play in the US economy right now as we speak, this week On The Markets...  You can look at the numbers.  The numbers can be accurate. And yet they make no sense.  How is the economy allegedly "growing" and inflation is "down", but big tech's doing large layoffs and prices remain sky high? This week On The Markets, Sonoma Wealth Managing Principals Chris Sipes CFP® and Marketing Director Dano Weir look at:  •  The significant impact the revision of jobs numbers had on market close this week  •  What the drop in the 2 year treasury is telling Chris about the potential for a recession  • Why Harvard says Americans care about inflation significantly more than 9 other classically hot-button issues Plus the debut of our all new intro and outro!  We expect an Oscar® for it any day now.  Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/  Videos available on our YouTube Channel: https://www.youtube.com/playlist?list=PLaOjL6z16wjV2_CTStzc36Y5JtiwhVoGJ 0:00 Introducing our new On The Markets Intro! 6:20 Investor sentiment 8:31 Are stocks overvalued? 12:02 Jobs numbers 17:57 Underlying job growth 20:17 Chances of Fed cut 21:43 2yr Treasury yield 25:20 30 year mortgage rates 28:38 CPI Imputed data 30:35 What’s the “truflation”? 32:21 What issues matter? 36:30 S&P valuations 38:53 Performance:  US vs Rest Of The World 43:22 Home inventory back to pre-pandemic levels 45:00 Canadian housing market 49:52 S&P Moving averages 51:03 Developed markets 51:50 Emerging markets 54:15 Long term bonds 57:56 Gold 58:40 Bitcoin 59:08 REITs  _______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.    Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser todetermine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. 

We sincerely hope you’ve found some “me”or family time or both so far this summer, perhaps just lazily floating in a body of water.  According to Daren, that’s actually what happens with the market this time of year too... This week On The Markets, Sonoma Wealth Managing Principals Daren Blonski CFP® and Chris Sipes CFP® and Marketing Director Dano Weir look at what Daren calls his “Summer Float”, with markets just floating higher amid low trading volume.  Also on the episode, we dig in to: Changes to tariffs coming in August.  Some are massive and yet...nobody seems to care like they did in April? Jobs numbers, unemployment is allegedly low...but what about all those Fed cuts and unemployed graduates? Would you believe 75% of the S&P is at a discount?  Yes...what 75%? Is it an opportunity? Gold just continues it’s epic run.  Is it a “bull flag” about to go higher? 7:36 Tariff changes coming in August 10:56 Job losses in the US 15:50 Days between S&P all time highs\ 17:40 S&P real returns by decade 19:39 S&P price to earnings ratios over the decades 25:39 S&P Concentration 27:43 Investor sentiment 28:22 US existing home sales 31:20 Small caps for AI? 33:00 S&P equal weighted returns 34:58 Guess which S&P stocks are at a huge discount right now? 36:10 Russell 2000 hasn’t been all time high for awhile... 37:23 S&P 500 look 46:55 Let’s look at Bonds 47:50 Gold’s epic run 49:14 Bitcoin looking healthy Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/  Videos available on our YouTube Channel: https://www.youtube.com/playlist?list=PLaOjL6z16wjV2_CTStzc36Y5JtiwhVoGJ Audio also available on  Apple Podcasts https://podcasts.apple.com/us/podcast/on-the-markets/id1802984526 Spotify https://open.spotify.com/show/2YqyNLN7mcBApS5RL2piAj  _______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.    Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser todetermine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. 

It's a classic “meme” (the internet’s version of a newspaper cartoon)- an old clip from the Spider-Man cartoon show with two Spider-men (mans?) pointing at each other claiming to be the “real” Spider-Man.  It’s been used a million times in meme-land, and make it a million and done because we’re wondering...is the market a Spidey meme?  Trump says it’s Powell holding the market back! But then rumors of Powell resigning causes backlash in the market.  Who’s really in charge?  We take our best guess this week On The Market, plus a look at: What’s really going on with inflation right now?  What’s the ‘truflation’? The shocking number of countries that still have limited internet access Which asset class is more than doubling US large cap stocks in 2025?  Spoiler we’ve told you before...  8:25 Consumer Sentiment 14:01 S&P 500 Unmoved By Inflation 17:58 What is ‘truflation’? 21:28 Expected inflation 23:00 Does The Fed rate always mean market rates drop? 27:35 Worldwide internet access 32:00 Market charts this week 40:00 Shelter inflation 41:34 Which countries stock markets are owning 2025? 43:00 Asset class returns in 2025 44:00 Valuations by company size 45:02 Win ratio by different stock/bond splits  Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/  Videos available on our YouTube Channel: https://www.youtube.com/playlist?list=PLaOjL6z16wjV2_CTStzc36Y5JtiwhVoGJ  _______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.    Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.  ® Spider-Man is a registered trademark of Marvel and Disney 

If you ever made your own greeting cards or birthday invitations in the 90’s, then you probably used a program called Print Shop Deluxe.  Long before Canva or Photoshop, this was what you’d use to make infinite graphics, literally out of thin air.  The phrase ‘Print Shop’ popped in our head this week as we thought about...The Fed.    Can they ever stop printing?  Is the recent market resistance to seemingly catastrophic events simply because the money printers have been turned back on?  We’ll discuss this week On The Market, plus a look at: “Big Beautiful Bill” contains tax cuts. Would increasing taxes on high-earners fix the deficit?  Non-us companies are buying back their own stock.  Why? Bitcoin is experiencing a “candle moment”.  12:37 W2 Taxes vs Investment Taxes 15:31 M2 Money supply 20:51 Investor sentiment 22:45 S&P tech sector  26:07 S&P’s quickest recoveries 29:59  Dividend Yields vs Treasury Yields 34:47 Mag7 actrually the Lag7? 36:44 Equity risk premium of the S&P 500 41:20 Fed Funds Rate 43:05 Non-us companies buying back stocks? 46:49 Bitcoin sets record 48:39 Risk cannot be eliminated 49:57 S&P 500 YTD 51:42 Developed markets looking healthy 52:57 Emerging markets in an uptrend 53:24 Long term treasuries trading sideways 54:06 Agg Bond Index 55:01 Gold still rocking for how long? 56:05 Bitcoin candle 56:50 Commodities and tariffs 57:49 US real estate market  Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/  Videos available on our YouTube Channel: https://www.youtube.com/playlist?list=PLaOjL6z16wjV2_CTStzc36Y5JtiwhVoGJ  _______________________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.    Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. 

There are some times in life when you just want a “do over”.  Wake up from a nap, and it’s as if the last 10 years didn’t even happen.  Well, this week for the market, it’s sort of like January-May just got blinked out of existence and...2025 starts in June! What tariffs? What war?  The market is once again tapping on an all-time high.  This week On The Markets, Sonoma Wealth Managing Principals Daren Blonski CFP® and Chris Sipes CFP® and Marketing Director Dano Weir look at: The importance of separating your portfolio from the headlines, because in the blink of an eye, the S and P is back on track. Why having an emergency fund changes your financial “well being”. Which country do you think is the largest oil producer in the world?  Would you be shocked to know it’s US? Market’s tapping on all-time highs?  Guess what the money printing chart is showing? Putting gold’s meteoric 12 month run in context. 5:50 Largest companies by market cap over time 7:45 Emergency funds and financial “well-being” 11:14 Crude oil reserve levels 12:52 US is the *largest* oil producer in the world?! 14:40 Investor sentiment 16:22 Number of unsold completed homes for sale 19:26 Exisiting home supply 21:31 Where’s the most housing inventory? 22:35 What’s driving the stress in the housing market? 23:43 What is the “Taylor Rule”? 25:35 2 year treasury yield 27:52 Money supply is increasing 29:37 Foreigners are selling US treasuries?  You sure? 31:15 Gold’s epic run 35:24 Chances of a fed rate cut 38:10 S and P regains all time high 41:05 10 year goes down, bonds are up 47:20 Oil prices 50:42 Gold going higher?  Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/  Videos available on our YouTube Channel: https://www.youtube.com/playlist?list=PLaOjL6z16wjV2_CTStzc36Y5JtiwhVoGJ  _______________________________________Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax, d/b/a Fermata Insurance.  The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed.  Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information.  A professional advisor should be consulted before implementing any of the options presented.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.    Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.