| 250 Years of Economic Growth With the U.S. celebrating a quarter of a millennium as an independent republic, we looked at its record of economic growth and its returns for investors. The results are impressive. Over this expansive time frame U.S. stocks have delivered an annualized return of 8.7% while GDP has averaged 6%, inflation 2.5% and 10-year U.S. Treasury bonds 4.490% have offered investors 5.1% annually. (More) |
Q2’s rally As the second quarter concluded on Tuesday, the NASDAQ ended up more than 21% higher for the three-month period while the S&P 500 climbed nearly 15%—the biggest quarterly gains for both indexes since 2020. The Dow added 13%, its best quarter since 2022. The results marked a shift from this year’s first quarter, when the indexes sustained their largest quarterly declines in nearly four years. (More) | |
| Jobs Setback U.S. jobs growth fell short of economists’ expectations in June, marking a shift after gains exceeded consensus forecasts in the preceding three months. The economy generated 57,000 new jobs last month—roughly half the total that had been expected—and initial estimates of gains in April and May were adjusted downward by a combined 74,000. (More) |
America is a Melting Pot
All the clichés are true. America is a melting pot. It’s a tapestry. It’s a collage, a quilt of innumerable colors, as you can see in this amazing map. It shows how people describe their ancestry or family origin to the Census Bureau: “Blend them — as 340 million Americans do — and we arrive at a jumbled, overlapping, story-filled infinity.” New York City added 38,682 units to its housing stock. (More) | |
I am thankful to be in a country that allows me to be myself and follow my dreams. Like everything in life, we cannot take this opportunity for granted and need to be vigilant to make sure these freedoms remain…for us and for future generations. The promise of life, liberty, and the pursuit of happiness was never meant to belong to only some of us. It is a promise worth protecting, expanding, and fighting for—so that future generations inherit a country that is more just, more compassionate, and more free than the one we know today. Love of country doesn't require us to believe it is perfect. In fact, I think the highest form of patriotism asks us to continually examine our assumptions, challenge beliefs we've long held, and work toward a nation that more fully lives up to its ideals. I'm thankful to be here. And I believe our greatest act of patriotism is ensuring that those same opportunities remain—not just for ourselves, but for everyone. |
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