#66 – Easter Eggflation, Market Benchmarks, Tariffs, And The Fed: Zoom Out On Portfolio Performance And Investor Sentiment

Wes Moss [00:00:56]:
I’ve got this rose thing that is just looking, starting to look amazing. And that’s what Easter’s all about. That and maybe some dying of eggs. Jeff Lloyd in studio. Jeff Lloyd, good morning. Welcome. Talk to me about what you found out about the Easter economy.

Jeff Lloyd [00:01:15]:
One, first and foremost, thanks for having me back in the studio. Good to be here on Easter Sunday with you. We talk a lot on Money Matters about know scary headlines and, and how as investors we can navigate the scary headlines and the constant barrage of, of news that hits the tape, you know, on a 24. 7 news cycle. I came across a headline this week and Wes, I got to tell you, I didn’t believe it.

Wes Moss [00:01:41]:
Well, you got to give us the headline first.

Jeff Lloyd [00:01:43]:
Okay, here’s the headline. 47% of Americans will skip dying eggs this Easter due to high prices. Half of America is skipping out on dying eggs because of inflation.

Wes Moss [00:01:56]:
What do you think it would cost today? We haven’t done this in the house for a long time. I, now that you bring this up, I remember it’s very, it’s kind of one of those satisfying, fun things to do. But I, I don’t, I don’t know if I’m buying it either, but it makes me want to go do some, some egg dying. It’s hard, it’s actually hard to say. 47% of Americans will skip dying eggs. How much it costs.

Jeff Lloyd [00:02:20]:
Well, think about a dozen eggs these days. And we hear last week with the CPI data getting released, egg prices were up 60% year over year. So for a dozen eggs today at the grocery store, it’s about six bucks. Okay, One of those egg dying kits, let’s call it another six bucks. So that’s a dozen dollars to die eggs. Do you really think half of America, 47% of Americans are skipping out on dying eggs because of a $12? I’m, I’m not buying it.

Wes Moss [00:02:52]:
You’re not buying it. Is it paws or what do you, how do you remember the little kits? What are they called? Paws.

Jeff Lloyd [00:02:57]:
I think they’re called Paws. P A A S. Those are the dying kits.

Wes Moss [00:03:01]:
Here’s the. No, no, I do. This is not exactly what I was going to talk about today, but it is, I do get it a little bit. And it’s not because it’s 12 bucks. I think it’s because of the fact that it used to be more like 6 bucks a couple of years ago. 1 eggs are the poster child of inflation is part of it. If nobody tweeted about it and there weren’t headlines about it and CNBC did not have its own special column for egg prices because they have so many egg related stories, then I don’t think it would be that high of a, of a sit out rate. I think it’s because it’s captured the attention and when you capture the attention of the media, you’re throwing it in people’s faces.

Wes Moss [00:03:49]:
So you’re not saying, gosh, it’s going to cost us 12 bucks to die Easter eggs. Instead your brain says, I can’t believe how expensive it is to die Easter eggs. And that’s, I think that’s the disconnect. And I had a similar call this week. Well, over the last couple of weeks, let’s say I’ve had many calls about this. We’re skipping this, we’re skipping that. Maybe we don’t eat out this weekend, maybe we don’t go out to the restaurant. Maybe we cancel a trip, maybe we cancel something that we are going to do with the family.

Wes Moss [00:04:22]:
And it’s not because it’s necessarily that much more expensive. It’s because of the uncertainty that revolves around the current situation that we’re in. It’s the yo yo stock market, the bungee cord stock market, the roller coaster stock market. It’s the worry that that doesn’t get better. It’s the worry that, oh, there, where is there a solution to this giant trade kerfuffle that we’re in? When is there some clarity around it? And right now there isn’t all that much because things could change on Monday, tomorrow morning we could have a new, we could have a deal with one country and walk backwards with another country. So it is the period of time that we are in. Just having conversations with families are, are literally asking, well, should I pull back a little bit? And it’s because of the fear and uncertainty that the egg issue is. Fear, uncertainty plus being the poster child for something that’s gotten super expensive.

Wes Moss [00:05:19]:
So when you brought this up, and I’m looking at this two minutes before we go on air, I’m thinking, yeah, I don’t buy it either. But now that we talk about it, I think I get it. I could. I can agree now. It’s a ridiculous headline because it’s talking about people skipping something that’s six bucks. But I think it’s the confluence of everything that’s been happening so far in 2025, and I do kind of get it.

Jeff Lloyd [00:05:41]:
I kind of get it. I. I can see maybe that’s the.

Wes Moss [00:05:44]:
First time you and I have ever disagreed.

Jeff Lloyd [00:05:46]:
Jeff Floyd, you’re buying a dozen eggs to eat on Easter Sunday or for. For Easter brunch, and then you got to buy another dozen on top of the dozen you’re eating. And it’s like, no, this. This is twice as expensive. We’re only doing a dozen to eat. We’re not dying.

Wes Moss [00:06:02]:
Love that. You can’t do scrambled, poached, and hard boiled, dyed.

Jeff Lloyd [00:06:07]:
Can’t do it.

Wes Moss [00:06:07]:
It’s too much. Now, here’s the other part of this disconnect. And I was gonna talk about this today, and you’ve given me the gift of the perfect segue. And this goes back to how investors are feeling. And I think there’s a giant disconnect between how people are feeling and how they’re actually doing. This is the way I’d look at this, is that. I’m gonna ask you, Jeff Lloyd, what is the. You’re an investment guy.

Wes Moss [00:06:33]:
You’re a analytics guy. You may sound fun on the radio, but you’ve. The reason. When we met, you were a sector analyst for the energy industry. You’ve always been analytical guy, your instrument. And I don’t know, I don’t think you play the bass or the piano, but your instrument is Excel. There’s only a few people I know that can do this. Robert Sanders, he’s been here on the show.

Wes Moss [00:06:56]:
Connor Miller, of course, he’s here frequently. The three of you, when you’re doing Excel, it’s like watching someone play in history. You’re that good at it. And it’s a skill I don’t have. I didn’t take Excel lessons growing up. So this is really. I’m going to ask you a. This is an investment question.

Wes Moss [00:07:15]:
What’s the most popular benchmark in investing? But be serious. Put your investor hat on. What.

Jeff Lloyd [00:07:22]:
What do people look at as an investor? Let’s go with the overall broad market index, the S P500 index.

Wes Moss [00:07:29]:
And when we think benchmark, we think, okay, how am I doing in relation to XYZ? Could be the S&P 500, could be the Russell 3000, Russell 2000. You could look at the aggregate bond index, you could look at, if you’re a commodities investor, maybe it’s the Goldman Sachs commodity index. There are all not infinite, but there are hundreds of different benchmarks to measure how you’re doing against. And if you’re a mutual fund manager, you’re measuring in your stock manager, you’re probably measuring against the S&P 500. If you’re a mid or small cap, you’re maybe looking at one of the smaller cap indices because you’re trying to beat the index. And I’ll ask you, as you’re listening today, what is the most popular and I said the word popular for a reason, investment benchmark. Because this really does matter. It’s none of those, Jeff Lloyd, you’re wrong.

Wes Moss [00:08:22]:
And on all accounts I’m wrong again. That’s twice the most popular investment benchmark by far. It’s something much more personal and it creates a lot of issues. And I would dare to say that it’s dangerous. And that benchmark is you, as you’re listening, thinking, wait, no, it’s your own high watermark when it comes to the dollars you have invested. That is your benchmark and that causes real problems and it’s human behavior and I get it. But when you look at your accounts and you look at your four 1K and it hits $1,000,000 and then it hits a million one and today you look at it, it’s 950, you think, wait a minute, I am way down from what the most popular benchmark out there. That’s my, your hour max it’s ever been.

Wes Moss [00:09:15]:
It’s the high water mark and that’s the most popular benchmark in the world.

Jeff Lloyd [00:09:20]:
You’re thinking back at what was your all time high? What was what was your all time high?

Wes Moss [00:09:25]:
I miss. We haven’t been able to say it.

Jeff Lloyd [00:09:27]:
We haven’t been able to say it much this year.

Wes Moss [00:09:29]:
Last year we had so many all time highs, as Jeff Lloyd would call.

Jeff Lloyd [00:09:32]:
Them all time highs.

Wes Moss [00:09:35]:
You say it better that you do you better than I do it. So we haven’t been able to say we’re at an all time high for a while. They come in large clusters typically and it’s wonderful when that happens. But the all time high or the all time peak is something that’s really rare because it only happens a couple days A year, if things are going well now, last year was. It happened many, many days, but those are the days. Check your portfolio and provided the other pieces, let’s call it the safety portion. Maybe you have some alternative investments in commodities or energy. If everything’s going really well, you open your statement or maybe you log in on any given day and you’ve reached your all time high for some reason.

Wes Moss [00:10:20]:
Just maybe it’s human behavior. That is the benchmark we stick with for life until it gets taken out. And there’s a new, as Jeff Lloyd would say, all time high, all time high watermark. That is your new personal benchmark. And that’s great. And it’s. And you get a feeling of accomplishment, success, how this has been working. Patience has been paying off, putting money away.

Wes Moss [00:10:44]:
Now it’s grown. The problem with that is that here we are in Easter, we’re almost five, we’re in month five here in the United States. And I think that’s actually around the world thing as well. This is the fourth month, will be the fifth month soon. But the problem is that because year to date the markets have not been great. That’s permeated. And I think that the sentiment right now in America, investor sentiment is, hey, I’m way down, I’m way down and I’m way down because I know the market went into a bear market. We hit down 20% in the S&P 500.

Wes Moss [00:11:25]:
I know that almost every sector has had a tough year so far. Here’s pretty young. We still haven’t even clipped into month five. But for the year, stocks are down most on most indices that you look at. And then you start thinking, wait a minute, we’re in the middle of this tariff issue. We’ve got government spending cuts coming, we’ve got lots of uncertainty, and it doesn’t seem like there’s any real solution or end in sight just yet. The fog has not cleared just yet. It will clear.

Wes Moss [00:11:56]:
There will be a solution and there will be a day when we all look up, we say, I didn’t think it would work out that way, but it’s working out. So what’s happened is that people I think, feel as though their, their investments in their portfolios have done worse than they actually have done. What’s the solution to this? Zoom out and just look at the last year. That’s still not even a long horizon. But if you go back a year or 12 months, you’ll see that the S&P 500 is still up. It’s up about 5% dividend stocks are up about 7%. Bonds are actually up 5 to 7%. If you’re looking and counting, the interest rates are up 12% over the past year.

Wes Moss [00:12:35]:
Energy’s up 30% over the past year. But year to date, sure, the market’s still down about 10%. Bonds are up a little bit in 2025. So there’s a big difference between I’m down for the year and I’m actually up. I bet you people, if you go check over the past year, not year to date. And there’s a huge difference between the two. So we want to be able to remember to zoom out and look at these longer periods of time. Otherwise we’re always mired in, hey, I’m always down because I’m, I’m only at my all time high for a day.

Wes Moss [00:13:12]:
Sets us up for disappointment, I think, and a lack of perspective. And we’re here to help change that. Zoom out a little bit. I think it’s an important exercise to do. And the reason I think it’s important is that the setting of the uncertainty with tariffs, not knowing where we’re headed. Exactly. Even the Federal Reserve Chairman Jerome Powell this week, and now there’s kind of, now we’ve got some serious butting heads between Trump and Washington and the Federal Reserve. And these, these two are at each other.

Wes Moss [00:13:41]:
And you could tell in the tone of Powell and then the tone of Trump this week. I mean, you’ve got, you have some serious headbutting with two very powerful and very important institutions. One is in the cockpit and driver’s seat of the, the economic engine or plane that is the United States. And we’ll talk about that at the bottom of the half hour. But you put all that together and you get uncertainty and people start pulling back spending and making decisions out of fear and out of pessimism. And we know in many ways that leads to poor decision making. And I just don’t want Americans to do that and our listeners to do that. And that’s why I think it’s so important to zoom out and look at longer time horizons as opposed to shorter.

Wes Moss [00:14:28]:
How have I done this month? That doesn’t help. How have I done this year to date? That doesn’t help. If you look at your performance over time, a year, three years, five years, 10 years, I think that helps make, helps us make better decisions. So if we, if we were to anchor to these peak amounts or our own high watermarks, the most popular benchmark for investors is your own high watermark. I think it just leads to unnecessary stress. It leads to reactive decisions and it’s not how successful long term investing really works. More Money Matters straight ahead. Are you facing a fork in the road and deciding between continuing your career and retirement? I’m Wes Moss, host of Money Matters, and this massive life decision shouldn’t be taken lightly.

Wes Moss [00:15:18]:
Talk with my team. If you’d like help reviewing your retirement accounts and building a financial plan, we can help you review options and offer an opinion based on your best interests. You can find us@your wealth.com that’s y o u r wealth.com let’s talk about the Fed, because that to me was the story that really caught my attention. I don’t typically get sucked into these live press conferences because as soon as they’re over you get a recap 10, five minutes later. So you already, you don’t have to sit there and watch for 45 minutes because the recap will come and you can read in five. But for some reason I was fascinated by this. It was maybe it was because this is the first place that Jerome Powell spoke when he was the Fed chair was the Economics Club of Chicago. And not that he started out with this quote, but he did come up with a Ferris Bueller quote right out of the gate and said, well, in the middle of the speech, life moves pretty fast.

Wes Moss [00:16:19]:
That’s a Ferris Bueller quote. But he’s quoting that what’s happening in this economy and this administration over the first couple of months has been pretty fast. There’s a lot of things that have happened and we’re going through this period of time with great uncertainty. The tariffs, which look, Trump campaigned on, we were going to do tariffs. I don’t know if we knew it would be this caused this much consternation. And even Powell said that every model that they did at the Federal Reserve, even their highest case scenario didn’t have tariffs as high. So they’re trying to figure it out. And then he kind of took a little, Jeff Lloyd, maybe a little bit of a snarky tone.

Wes Moss [00:17:03]:
Did you read it or hear, did you watch it or just hear?

Jeff Lloyd [00:17:07]:
I actually watched it. And you know how, how we talk on the show, hey, when the Fed chair speaks, we listen, the markets listen and the markets react to things that he are saying. But there was definitely a different tone in the language and how he was speaking and how he was talking about the overall environment that what’s going on with the tariffs? Like you said, they weren’t even modeling these scenarios out. You know, Trump campaigned on tariffs. It wasn’t a gradual rollout of tariffs. It’s just bam, here they are, here’s what they’re going to be. And then those amounts just keep increasing, you know, based on the hour of the day.

Wes Moss [00:17:49]:
Even though we’re on a pause, we’re still haven’t figured out what’s going to happen with China. Who knows if we’re a step closer or not. But we’re at a point now where those are really significant. So here’s what I would summarize what we heard from Powell this week. And now we’re seeing the most powerful, call it economic, the captain of the economic ship, which let’s call that Jerome Powell. He’s flying this plane. He’s flying the plane. He is somewhat at odds with the executive branch, the administration, because presidents in general, and it’s funny, you see some political back and forth this week because everybody wants lower interest rates.

Wes Moss [00:18:27]:
The administration or Trump administration wants lower interest rates. Jerome Powell very clearly said this week at the Economics Club of Chicago that he’s not ready to do that. And that’s why these two guys are butting heads. And here’s if I were to summarize his talk and the Q and A in one sentence, it would be this, hey, Washington, D.C. you guys are creating a mess. At the very least, get it over with so we can step in and help. Because one of the questions from the moderator towards the end said, look, if tariffs are going to slow down the economy and raise prices, then why wouldn’t you just go ahead and preemptively start lowering interest rates? The European Union’s already doing it. And that’s one of the things the president said.

Wes Moss [00:19:11]:
He said the EU is already lowering rates. Why aren’t we? I think he called him too late, Jerome. Why isn’t too late? He’s too late on there. Why isn’t too late lowering rates? Because he’s too late to do it. It’s because the Federal Reserve and they have not strayed from this. They look at what’s happening in the data today. They look at what’s happening in the data today. They’re data dependent.

Wes Moss [00:19:34]:
They said it a hundred times. They’ll always say it at every Fed meeting. And right now the data for the economy is still pretty good. And they don’t need to lower interest rates because we still have a low unemployment rate. So that check that box on their dual mandate and inflation is still pretty low. It’s because we still haven’t seen the impact of what these tariffs might do on inflation. And essentially What Powell said is, look, I’m not gonna react to this until a we know the rules of the game because we don’t even know exactly how all the tariffs are gonna shake out. There’s 70 countries now we’re negotiating with, so we don’t know exactly what it’s gonna look like.

Wes Moss [00:20:10]:
One that’s, hey, Washington, hurry this up. Let’s at least get some clarity. And if it does create some inflation, then we can react to that. But they’re between a rock and a hard place because if inflation goes up and economic growth goes down, the Federal Reserve doesn’t want to, they’re in trouble. If they lower rates, that makes that could make inflation even worse. That hence the stagflation scenario. And that’s the tension that he talked about. He said where our mandates are a little bit in tension here.

Wes Moss [00:20:39]:
If tariffs raise prices, then we don’t want to lower interest rates today because that could be even more inflationary. And if the unemployment rate is still low at this point, then they don’t need to lower rates anyway. Unemployment rate goes back up because let’s say the economy does slow down a little bit, that would give him the COVID to lower interest rates. The only problem, the tension he talked about is that could make it worse for inflation. To some extent, they’re at odds. But in the end, politicians in Washington, they usually want lower rates because it’s good for the economy. Only problem is it could stoke inflation, and that’s where we are right now.

Jeff Lloyd [00:21:20]:
And I really love how you refer to Jerome Powell as the pilot trying to land the plane. And it’s.

Wes Moss [00:21:26]:
He’s the pilot of the ship.

Jeff Lloyd [00:21:28]:
Pilot of the ship or the plane. But remember, there was all this talk about the soft landing for the economy. And that word or phrase has been brought up in the news lately of, hey, what are the tariffs doing? How are they affecting the potential soft landing for the U.S. economy?

Wes Moss [00:21:47]:
That’s. Well, and here’s the tension because Trump talked about getting rid of him this week. And let’s talk about that for a second. But this was a direct from his Q and A, which was, hey, what’s changed? Weren’t we in a soft landing? The narrator asked. And he said, yeah, 2024 looked really good. GDP was up 2.4%, inflation was down to 2.5%, unemployment low. And Powell basically said, hey, we were on track, but now there’s new data when it comes to policy shifts that hasn’t come through in the economic data. But with policy shifts, especially around tariffs, that could impede the progress of economic growth and low inflation at the same time.

Wes Moss [00:22:29]:
So the Fed’s goals haven’t changed, but the data could start moving in a different direction. So he’s still waiting on the data. Now Trump’s not waiting. Trump said, let’s get rid of this guy. It was something like he couldn’t, we couldn’t get rid of him fast enough or he couldn’t be fired fast enough. You’ll find the quote. But even though Powell said he’s going to keep his job and there’s no way anybody kick him out, there is something called the William. Well, this is, it’s called the Humphreys executor.

Wes Moss [00:23:01]:
You have the quote. What is it?

Jeff Lloyd [00:23:02]:
He said termination cannot come fast enough.

Wes Moss [00:23:05]:
Kind of pretty. That’s pretty clear of what he’s looking for. Termination could not come fast enough. So these two are at odds. Trump wants to get rid of the guy because he wants him to lower rates. Powell is essentially saying, look, I’m not going anywhere, you can’t fire me. And that may be true. However, there’s something called the Humphreys executor, and it was a ruling by the Supreme Court back, I want to say, 1935.

Wes Moss [00:23:30]:
It essentially limited the power of the President to fire someone like the FTC chair, maybe in this case the Fed chair. When Roosevelt was elected, he fired William E. Humphrey because they didn’t agree on the New Deal and the New Deal politics. So after Humphrey’s passing, his estate went to the Supreme Court, which ruled in favor of Humphrey, Humphrey, that the President couldn’t remove a powerful force or leader for political reasons. And that is going to be reviewed fairly soon. I don’t know when exactly the Supreme Court is looking at that. Evidently they don’t love the Humphreys executor case, meaning that they may overturn it if that happens. Who knows? If they overturn it, then Trump may be able to get rid of and reappoint somebody else.

Wes Moss [00:24:20]:
And we will say, I think Jerome Powell has also said that even if that changes and gets overturned, that he would still keep his job. But I think time will tell. You’ve got some real tension between these two very head honchos when it comes to this economy.

Jeff Lloyd [00:24:39]:
And if he’s not terminated, I believe his original term would end next summer, so summer 2026. So his term is, I believe, goes through June of 2026.

Wes Moss [00:24:53]:
I don’t know exactly. Yeah, right. So he only has a year and a half left anyway, if that. So we’ll see. It’s Just amazing to see in any given week. And this is why people are nervous, is that we’ve got just. There’s great uncertainty, not just about the economy, but then you start talking about, well, maybe the Federal Reserve chair will change over. Then you have other politicians screaming that if that happens, it’s going to be terrible for the market.

Wes Moss [00:25:18]:
So no wonder people are a little bit nervous. However, I go back to times where we have maximum lack of clarity, and I’d say today is still one of those times. And we don’t know the answer. We don’t know what exactly how things get worked out, but they will, they will get worked out. And we all have an interest, whether it’s the army of American productivity or it’s the interest of Washington for things to eventually go in the right direction. That is the interest of all of us, whether it’s the government or it’s the private sector. And that’s why things get worked out. And we don’t always see how they’re going to get worked out, but they do.

Wes Moss [00:25:57]:
We just have to go through these bumpy, bumpy rides. And today it’s a little bumpier than normal in order to get to the other side. And so we can get back to Jeff Lloyd’s favorite phrase, which is all time high. And that may take a little while, but eventually, one day, that’s what we’re looking to see again. Quarter the week was the Federal Reserve chair Jerome Powell in Chicago quoting the great Ferris Bueller, Life moves pretty fast. Now, he was referring to lots of new. There’s a lot of new things happening coming out of Washington. We’ve got doge, you’ve got tariffs, we’re negotiating with 70 countries.

Wes Moss [00:26:37]:
Life moves pretty fast. What was Ferris Bueller talking about? Was he talking.

Jeff Lloyd [00:26:42]:
There was more to that quote and basically saying if you don’t stop and look around, you could miss something. You could miss out on something.

Wes Moss [00:26:50]:
Take the day off. That’s what he did. He took the day off.

Jeff Lloyd [00:26:54]:
What the markets did this past Friday.

Wes Moss [00:26:56]:
That’s right. That’s right. You always bring it home. Jeff Lloyd, you know, if I’m, if I’m Jerome Powell, I. Now I get it. Because he probably wants a day off is what he wants. He probably wants a day off. I mean, here you’ve got President trying to get rid of him.

Wes Moss [00:27:13]:
You’ve got a Supreme Court case maybe, or ruling from 1935 that gets overturned. Maybe his job could be in jeopardy. I mean, he’s got a lot to think about. I, I totally get. He Wants to be running around in a 1960s Ferrari in a parade, taking the day off. That sounds so good.

Jeff Lloyd [00:27:34]:
Listening to the Grateful Dead. Remember, he is, he’s a Deadhead.

Wes Moss [00:27:38]:
That, that’s true. But remember that movie? I, you do. You’ve got to remember Twist and Shout Mean, that’s really in that, that, that Ferris Bueller song. He’s in the parade. He’s lip syncing Twist and Shout. I think that’s what Pal’s really talking about. He wants a day off. He wants to go sing a Beatles song.

Jeff Lloyd [00:27:58]:
Well, he gets a day off in about 13 months when his term ends. I think I’d said previously in the show in the, in the summer of 2026. I think I said June. We fact check here. It’s middle of May, 2026.

Wes Moss [00:28:13]:
You were, oh, my goodness.

Jeff Lloyd [00:28:13]:
So that’s when he gets his.

Wes Moss [00:28:14]:
You were an entire month off.

Jeff Lloyd [00:28:16]:
I was a month off.

Wes Moss [00:28:17]:
JEFF LLOYD Come on. Well, it all, it all makes sense. Sometimes you just gotta talk it through. JEFF LLOYD I think the, the most important thing that we talked about today, and this is a perennial conversation, is to, for, for when you’re in a cloud of uncertainty and you’re looking at your portfolio, most people, their benchmark of choice, not the s and P500. It’s not the Russell 3000, it’s not the bond index. It is our own personal high water mark. We’ll look at that. And anytime we’re below that, we think, wait, maybe something is not going so well, maybe something’s wrong.

Wes Moss [00:28:52]:
And the reality is we spend 99% of the time below the high water mark. We hit it once in a while, we make new ground and then we two steps back, three steps forward, one step back. And this is the reality of investing. And if you look year to date, it hasn’t been a great year. The S and P down, we were down almost 20% at one point. Down, down more like 10%. Bonds are up a little bit this year and that safety net has worked. But even though most equity categories or stock categories are lower year to date, you’re still pretty young.

Wes Moss [00:29:27]:
We’re not even in May yet, but we’re down year to date for the stock indices. But over the past year, bonds are up 5 to 7%, stocks are up 5 to 7%. So I think people are doing a little better than they may think they’re doing. And that’s how we’ll wrap up here on this Easter Sunday morning. Thank you for being here in studio.

Jeff Lloyd [00:29:48]:
Happy Easter to all those listening.

Wes Moss [00:29:51]:
You could find Jeff Lloyd, me and the Money Matters team. It’s easy to do so even on easter Sunday@yourwealth.com that’s y o u r e your wealth.com have a wonderful rest of your day.

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This is provided as a resource for informational purposes and is not to be viewed as investment advice or recommendations. This information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. The mention of any company is provided to you for informational purposes and as an example only, and is not to be considered investment advice or recommendation or an endorsement of any particular company. Past performance is not indicative of future results. Investing involves risk, including possible loss of principal. There is no guarantee offered that investment return, yield, or performance will be achieved. The information provided is strictly an opinion and for informational purposes only, and it is not known whether the strategies will be successful. There are many aspects and criteria that must be examined and considered before investing.

Disclaimer [00:30:57]:
This information is not intended to and should not form a primary basis for any investment decision that you may make. Always consult your own legal, tax or investment advisor before making any investment, tax, estate or financial planning considerations or decisions. Investment decisions should not be made solely based on information contained herein.