July Market & Economic Update – Watching and Waiting

July didn’t bring any major surprises—but the data continues to show signs of strain across several areas of the economy.

In this month’s video update, Jim Kruzan, CFP®, CRPC®, breaks down the latest trends we’re watching as we head into the second half of the year.

🎥 Watch the full July recap below:

Key takeaways from July include:

• The Leading Economic Index declined again

• Credit card usage is slowing, while delinquencies are on the rise

• Mortgage-backed securities are showing increased delinquencies

• Manufacturing remains in contraction territory

• Home prices are beginning to soften and inventory is climbing

• Unemployment is starting to weaken

Jim also discusses recent economic activity tied to front-running tariff impacts—a short-term boost in anticipation of rising prices. And while the “Magnificent Seven” stocks have dominated much of the year, other sectors are beginning to show signs of life.

📉 As for August? So far, it’s been a bit of a seesaw. We’ll see where the data takes us.

If you’d like to discuss how this data may impact your retirement or investment strategy, we’re here to help. Reach out to our team to schedule a conversation.

We’ll be back next month with your August update.