Q2 Market Review & Q3 Outlook

Podcast Highlights

● Q2 in review: a sharp, short-lived sell-off tied to Middle East conflict, followed by a strong rebound through May and June

● Q3 outlook: the Iran/Strait of Hormuz conflict, now six to seven months running, keeps oil elevated and pushes prices as high as $100 a barrel — here's what that means for inflation and portfolios from here

● Inflation is creeping up near 3%, and Jackson Hole commentary from the U.S. Fed puts interest rate direction back in focus for both sides of the border

● Despite geopolitical noise and cost-of-living pressure, 87% of S&P 500 companies beat earnings estimates this year

● Why concentrated, DIY stock-picking often underperforms a properly diversified portfolio — even in a strong bull market

● What individual investors can learn from how pension funds build in alternatives, private assets, and correlation discipline

About the Guest – Keith Allan

Keith Allan is a Portfolio Manager with Harness Investment Management. Harness has engaged in a strategic partnership with VELA Wealth and provides discretionary portfolio management for many of VELA's clients. With more than 15 years of buy-side investment management experience, Keith brings a wealth of knowledge and experience to provide insight and guidance to clients regarding their investment portfolios. At Harness, Keith is responsible for developing and maintaining investment portfolios for VELA clients.

To learn more, please visit Harness Investment Management team page.

About the Host – Kevin Parton

Kevin Parton, CFP professional, specializes in personal and business financial planning, tax reduction, and estate planning. Kevin is diligently concentrating on client education as a powerful strategy for building financial certainty. As no financial situation is the same, Kevin and his team monitor clients' plans and implement personalized strategies to reduce their personal and corporate taxes, and protect their income, assets, and loved ones against the financial consequences of a serious illness, injury or death, ensuring clients maintain financial certainty and peace of mind.

To read more, please visit the VELA team page.

Disclaimer

The information provided in the podcast transcript is designed for general informational purposes only and is not intended to provide specific advice or recommendations for any individual or on any specific security or investment product.