Chai Pan Ngai - Northwestern Mutual

AI is driving stocks higher—but narrow market leadership means that there is more to these gains than meets the eye. Northwestern Mutual Wealth Management CIO Brent Schutte examines what’s underneath the gains and why diversification still matters. http://spr.ly/6181B8iYcL

AI leadership, hotter inflation signals, and a changing of the guard at the Fed—Northwestern Mutual Wealth Management Company CIO Brent Schutte breaks down the economic data and markets news investors need to know. http://spr.ly/6181B8VDiW

This Memorial Day, we observe with deep gratitude and reverence those who gave their lives for freedom.

As AI-leveraging stocks continue to surge, many have asked whether investors are ignoring the risks of the Iran energy crisis. The answer is yes, but only at the index level. In reality, the answer is far more nuanced. Northwestern Mutual Wealth Management Company CIO Brent Schutte addresses this question and more in the latest Weekly Market Commentary. http://spr.ly/6188BB4e0m

Applying financial critical thinking to Life:

My wife and I talk about life values we want our daughters to learn all the time.

Recently we gave her 20 dollars for her school shop.

She came back with a necklace for mom, a flower for mom, a keychain for grandma, and this beautiful #1 dad keychain.

My wife asked her how much money she has left she didn’t know, she’s like some dollars.

My wife said she probably went into debt buying all that with 20 dollars, maybe the teacher gave it to her. Lol

She then said her friends around her age used a couple dollars and saved the rest.

She asked me which one I think is better.

I said well… if the one that saves, saves for a reason like when I was little saving quarter by quarter for a gameboy, then I prefer the saver.

But if you save money just to look at it, then I’d be my daughter 200x over , atleast she got to yolo and do what she wants.

This translated in my mind to financial planning with clients. Some people use way below their means with a strong base of fixed income (SS + pension).

Still looking to save, invest, and grow with no true purpose tied to it. Kind of reminds me of the Morgan Hausel quote of “I’m fulfilled because I know what’s my enough.”(something like that)

So rather the goal is a Michilen dining experience or a multi-family home. As long as it’s something you fully embraced , I believe it’s worth it.

Equities moved higher again this week, supported by continued strong earnings, fresh evidence of a stabilizing labor market, and growing optimism surrounding artificial intelligence. Beneath the surface, however, the U.S. economy has only grown more divided. Northwestern Mutual Wealth Management Company CIO Brent Schutte breaks down the latest market news and economic data. http://spr.ly/6180BBsJ2u

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