SteelPeak Wealth

Following yesterday’s discussion on market volatility and tariff policies, today’s employment data provided another important reminder: the U.S. economy remains on solid footing. The selloff continued today, as investors continue to digest the implications of sweeping tariff announcements. Uncertainty always creates tension in the markets – and this week has been no exception. However, even amid this turbulence, we’re seeing glimpses of hope and potential optimism, particularly as certain trade relationships (such as Vietnam) may serve as avenues for resolution rather than escalation. Most notably, today’s jobs report once again exceeded expectations, reinforcing the strength of the U.S. labor market. Job growth remains resilient, and consumer spending continues to be well-supported as a result. In tandem, Fed Chair Jerome Powell reiterated this morning that employment levels remain robust, while confirming the Federal Reserve is closely monitoring conditions and remains ready to adjust interest rates if needed. In short: there is flexibility and firepower to respond if warranted. Historically, market drops of this magnitude feel unsettling in the moment – but they are not uncommon. When compared to some of the largest single-day declines in market history, this week’s activity still falls well below the most dramatic instances. And time and again, those periods were followed by recoveries that rewarded patient investors. Our message remains the same: while policy uncertainty can drive short-term volatility, the underlying economic strength of the U.S. – combined with a flexible Fed and a resilient labor market – suggests this is not the beginning of a deeper structural decline. At SteelPeak, our focus remains steady: – Grounded in long-term fundamentals – Disciplined in how we manage risk – Opportunistic in how we identify value in volatility These moments test conviction – and reward preparation.

When markets get noisy, clear thinking matters most. Maz Esmailbeigi, AIF®, CFS®, CAS® has guided investors through a wide range of market cycles. In this latest update, he shares perspective and reassurance grounded in data, history, and experience.

Beautiful night to participate in the Charles Schwab Honolulu Partner Expo. Christine Mueller Coley, CFP®, CDFA® and Maz Esmailbeigi, AIF®, CFS®, CAS® made the trip to help showcase SteelPeak Wealth for attendees. Thanks to our hosts Marlon Ramos and Angelica Strange. Mahalo to all who joined us 🌺

You’re already paying for your phone, internet, and gas to run your business. But are you reimbursing yourself in the most tax-efficient way? There’s a simple IRS-compliant strategy that lets you do just that – and most business owners haven’t implemented it. It’s called an Accountable Plan. Here’s how it works (and why it matters).

Our latest issue of The Ascent highlights a client story, new team initiatives, and insights from across SteelPeak – all in one place. From multigenerational planning to concentrated stock strategies to the launch of our Santa Barbara office, this issue reflects how we’re growing and serving at every level.

This is the highest price tag EVER for a North American sports franchise 🚀 A few things stand out to me: 1. The power of scarcity. There are only 30 NBA teams, and they rarely come up for sale. When they do, billionaires line up to pay huge premiums. Scarcity creates value. 2. The Celtics' strong fundamentals. Under Wyc Grousbeck's leadership, the team won 2 titles and made 4 Finals appearances. On the court success drives franchise value. 3. The NBA's economic moat. Basketball is a global game and the NBA is by far the top league. That gives it tremendous pricing power, as we see with this sale price.

Volatility is inevitable. Panic isn’t. The right options strategy – especially when applied to index positions – can create a layer of protection and opportunity. The latest post in our series on options explores how we use advanced options strategies to help clients manage risk, enhance yield, and stay invested with confidence. ICYMI: Part one https://lnkd.in/g_FtUGCf Part two https://lnkd.in/gsxNMQzc Part three https://lnkd.in/g7FwHNFz

The geopolitical landscape has grown increasingly complex, with the Global Economic Policy Uncertainty Index reaching record levels. Investors are closely watching tariffs, fiscal stimulus measures, and policy responses to geopolitical tensions and conflicts as they navigate market volatility. While we view the underlying fundamentals as strong, we anticipate periods of heightened volatility ahead. Nonetheless, we believe staying invested may be more beneficial, as market timing efforts risk missing short-term rebounds and long-term growth opportunities.

"Once you’ve crossed into a higher financial tier, your money decisions become even more critical, from protecting assets to optimizing investments and minimizing tax burdens." Christine Mueller Coley, CFP®, CDFA® continues her media tour with another GOBankingRates feature.

Volatility has been prevalent this week. Let’s talk about what’s behind it. The recent market volatility can be attributed to a combination of economic uncertainty, shifting fiscal policies, and fluctuating investor sentiment. Economic indicators such as declining retail sales, falling housing starts, and lower personal savings have raised concerns about consumer spending and overall economic growth. Additionally, an increase in initial jobless claims suggests potential softness in the labor market. The first-quarter GDP is expected to show negative growth, largely driven by a surge in imports, which distorts domestic production figures. While this may not necessarily indicate an imminent recession, it has added to market unease. However, the likelihood of a recession in the near future remains relatively low, estimated at less than 25%. Adding to this volatility is the market’s reaction to the current administration’s policy implementations. Efforts to reduce government spending, along with anticipated tariff adjustments, have led to both positive and negative reactions in different sectors. Investors are navigating uncertainties surrounding trade, fiscal policy, and economic stimulus measures, resulting in fluctuating stock prices. However, as these policies become more established and their long-term effects become clearer, market volatility is expected to stabilize, particularly in the second half of 2025. Additionally, we anticipate that the Federal Reserve may begin lowering interest rates in the latter half of the year, which could provide further support to economic growth and contribute to a more positive market environment moving forward. Despite the current volatility, we still anticipate a positive return in the equity markets for 2025, as economic conditions stabilize and policy uncertainties begin to subside.