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As coronavirus restrictions ease and businesses reopen, the American economy should gain steam. Data released in May and June, including employment, payroll, and manufacturing numbers, suggested the economy may have hit bottom in April.1
The word unprecedented seems to have lost its meaning given the number of times we’ve heard it in recent months. But it’s a good word to help describe the confluence of events that include a global pandemic, an economic slowdown here and abroad, job losses, geopolitical tensions and civil unrest. If your head is spinning, we don’t blame you. What we are experiencing can be unnerving.
Stocks continued to move higher in May, as the S&P 500 rallied for a second consecutive month. Continued stimulus from fiscal and monetary authorities has boosted equities, bolstering expectations for an economic rebound later this year and into early 2021. However, positive equity headlines don’t tell the full story, cautions Raymond James Chief Investment Officer Larry Adam.
Lynn Phillips-Gaines, CERTIFIED FINANCIAL PLANNER™ Professional, of Phillips Financial was recently named to multiple national top financial advisors lists. These are prestigious national rankings that spotlight elite advisors across the country who were nominated by their firms – and then researched, interviewed, and selected to receive the honor. Those honors include:
- Forbes 2020 Best-in-State Wealth Advisors* (third consecutive year)
- Forbes 2020 Top 200 Women Wealth Advisors** (fourth consecutive year)
- Barron’s 2020 Top 1200 Financial Advisors List*** (fifth consecutive year and includes recognition in The Wall Street Journal)
Career milestones such as these would not be possible without continued trust and support by the clients her team serves.
Phillips-Gaines joined the financial services industry in 1982, opened her own practice in 1984, has nearly forty years of experience, and manages over $200Million in client assets.