For the first time in history, the S&P 500 is dominated by the top six stocks. Roughly 25% of the index’s market capitalization is comprised of Facebook (now Meta), Amazon, Apple, Microsoft, Tesla, and Google (Alphabet). Their domination of the index is bigger than any other bubble or period, including the Dot Com bubble. What’s […]
https://lakest.com/wp-content/uploads/lake-street-logo.png00Amanda Roquehttps://lakest.com/wp-content/uploads/lake-street-logo.pngAmanda Roque2022-01-13 14:35:022022-01-13 14:35:04ON THE STREET MONTHLY - IT'S A LONG WAY TO THE TOP OF THE S&P 500
Congress passed the Bipartisan Infrastructure Deal (Infrastructure Investment and Jobs Act) on November 6th. This $1.2 trillion package is one of the largest ever passed, and it represented a key economic milestone for The Biden Administration. According to the White House, the bill will “rebuild America’s roads, bridges, and rails, expand access to clean drinking […]
https://lakest.com/wp-content/uploads/lake-street-logo.png00Amanda Roquehttps://lakest.com/wp-content/uploads/lake-street-logo.pngAmanda Roque2021-12-02 12:58:332021-12-02 12:58:33On The Street Monthly - Monumental Legislation: The Bipartisan Infrastructure Bill
Third quarter earnings are led by strong performance in the financial sector looking towards a staggering 45% year-over-year growth for corporate earnings according to Fidelity. This is the fourth quarter in a row that corporate earnings trended towards a surprise upside, helped in large part by a strong boost in commodity prices due to increased […]
https://lakest.com/wp-content/uploads/lake-street-logo.png00Amanda Roquehttps://lakest.com/wp-content/uploads/lake-street-logo.pngAmanda Roque2021-11-05 10:16:152021-11-05 10:24:22ON THE STREET MONTHLY - FULL STEAM AHEAD: STRONG CORPORATE EARNINGS AND ECONOMIC OPTIMISM LEAD INTO THE NEXT QUARTER
Lake Street is excited to welcome private wealth veterans, Brian DeGrado and Steve Weber, to the team! Brian will join the firm as a Senior Vice President with 20+ years of experience counseling ultra-high net worth individuals and their families. Steve has been working alongside Brian the past year 5 years at both JPMorgan and […]
https://lakest.com/wp-content/uploads/lake-street-logo.png00Amanda Roquehttps://lakest.com/wp-content/uploads/lake-street-logo.pngAmanda Roque2021-10-29 16:36:262021-10-29 16:36:26LAKE STREET WELCOMES BRIAN DEGRADO AND STEVE WEBER
Congratulations to Lake Street’s own, Justin M. Terzo, CPA, for being named to the 2021 Forbes “Top Next-Generation Wealth Advisors” list! Justin is ranked 5th in Illinois, and it is his 3rd time receiving this recognition. The Forbes Next-Generation Wealth Advisor list is awarded to the top 500 advisors in the county who represent the […]
https://lakest.com/wp-content/uploads/lake-street-logo.png00Amanda Roquehttps://lakest.com/wp-content/uploads/lake-street-logo.pngAmanda Roque2021-10-15 13:48:322021-11-08 14:53:21JUSTIN TERZO RECOGNIZED IN 2021 FORBES “TOP NEXT-GENERATION WEALTH ADVISORS” LIST
The London interbank offered rate (LIBOR) is one of the most famous and essential financial benchmarks in the world because it dictated how interest rates change for both commercial and consumer debt. However, after a series of scandals and a lack of quantitative substance, the secured overnight financing rate (SOFR) will replace LIBOR in the […]
https://lakest.com/wp-content/uploads/lake-street-logo.png00Amanda Roquehttps://lakest.com/wp-content/uploads/lake-street-logo.pngAmanda Roque2021-10-04 09:35:112021-10-04 09:39:53ON THE STREET MONTHLY - SOFR BRINGS A SEISMIC SHIFT TO AMERICAN LENDING
August continues the trend of all-time highs for the equity markets, which is boosting confidence in derivatives, cryptocurrencies, and other alternative investments. The combination of strong consumer demand, impressive Q2 quarterly earnings, and economic optimism pushed the Dow Jones, Nasdaq, and S&P 500 to record highs, thanks in large part to outperformance by many financial […]
https://lakest.com/wp-content/uploads/lake-street-logo.png00Amanda Roquehttps://lakest.com/wp-content/uploads/lake-street-logo.pngAmanda Roque2021-09-07 10:44:422021-09-07 10:44:45ON THE STREET MONTHLY - INVESTORS FLOCK TO STOCKS PUSHING OTHER ASSET CLASSES TO RECORD VALUATIONS
Anuj brings deep industry knowledge to the group having served in many facets of asset and wealth management the past 20 years; the last eight with Wells Fargo. “We continue to see the most talented advisors leaving the wirehouses for independence. Carrying the label of a fiduciary and operating in an environment without conflicts of […]
Position: Tax Manager Job Description: Lake Street is looking for an experienced tax professional with an entrepreneurial spirit to help launch “Lake Street Tax & Family Office Services” to complement our rapidly growing wealth management business. Lake Street is approaching $1 billion in client assets under management, representing 400 households across 37 states. This individual […]
June ended on a strong note for stocks, as the banking sector led the S&P 500 to a record high, making it the 33rd time this year that the index reached a new record. This was the fifth straight month of gains for the S&P, which has already gained 14% on the year. Stocks were […]
https://lakest.com/wp-content/uploads/lake-street-logo.png00Amanda Roquehttps://lakest.com/wp-content/uploads/lake-street-logo.pngAmanda Roque2021-07-07 05:27:002021-07-08 09:34:14ON THE STREET MONTHLY - S&P 500 HITS A RECORD HIGH
President Joe Biden announced his plans for a $6 trillion US budget in the coming year. This would represent a one-third boost to federal spending compared to pre-coronavirus levels, and would be the highest sustained federal spending level since World War II. His plan is also expected to raise government spending to $8.2 trillion by […]
https://lakest.com/wp-content/uploads/lake-street-logo.png00Amanda Roquehttps://lakest.com/wp-content/uploads/lake-street-logo.pngAmanda Roque2021-06-02 13:16:022021-06-04 11:21:23ON THE STREET MONTHLY - BIDEN PROPOSES A NEW BUDGET
The Federal Open Market Committee decided in April that now is not the time to raise interest rates. The FOMC cited the need to continue helping in the coronavirus economic recovery along with low levels of inflation as reasons for their decision. However, Federal Reserve chairman Jerome Powell and the committee were optimistic as to […]
https://lakest.com/wp-content/uploads/lake-street-logo.png00Amanda Roquehttps://lakest.com/wp-content/uploads/lake-street-logo.pngAmanda Roque2021-05-04 13:16:502021-05-04 13:16:52ON THE STREET MONTHLY - INTEREST RATES TO REMAIN CONSTANT
Lake Street co-founder and managing partner, Justin Terzo, has been named to the 2021 Forbes “Best-In-State Wealth Advisors” list. Justin is honored and humbled to receive such national recognition two years in a row. This award encompasses the highest quality advisors across the country who strive to make a positive, long-lasting impact on the lives […]
https://lakest.com/wp-content/uploads/lake-street-logo.png00Amanda Roquehttps://lakest.com/wp-content/uploads/lake-street-logo.pngAmanda Roque2021-04-21 12:05:132021-11-08 14:24:10Justin Terzo Recognized In 2021 Forbes “Best-In-State Wealth Advisors” List
For months many have wondered if inflation will start to become a problem. And while the United States has yet to see inflation become a real problem yet, over in Europe, inflation has become a real issue. In March, the Eurozone saw its highest inflation since the start of the pandemic. Consumer prices across the […]
https://lakest.com/wp-content/uploads/lake-street-logo.png00Amanda Roquehttps://lakest.com/wp-content/uploads/lake-street-logo.pngAmanda Roque2021-04-06 09:32:022021-04-12 15:51:27ON THE STREET MONTHLY - INFLATION STARTS TO HIT EUROPE
Interest rates have taken a beating over the past few years, but in February, rates started to show signs of life. The 10-year treasury yield hit 1.614% at the end of the month, the highest rate since the coronavirus pandemic began last Spring. It appears that a combination of positive news from mass vaccinations, economic […]
https://lakest.com/wp-content/uploads/lake-street-logo.png00Amanda Roquehttps://lakest.com/wp-content/uploads/lake-street-logo.pngAmanda Roque2021-03-04 11:39:432021-03-04 11:39:46ON THE STREET MONTHLY - INTEREST RATES ARE ON THE MOVE
Now that there is a new administration in the White House, analysts are beginning to get a sense of what is to come for the US economy. President Biden unveiled a $1.9 trillion stimulus package that includes more direct payments to Americans, increasing unemployment benefits, and help with coronavirus vaccine rollouts across the country. Republicans […]
https://lakest.com/wp-content/uploads/lake-street-logo.png00Amanda Roquehttps://lakest.com/wp-content/uploads/lake-street-logo.pngAmanda Roque2021-02-02 15:33:452021-02-02 15:35:32ON THE STREET MONTHLY - A BATTLE FOR MORE ECONOMIC STIMULUS
ON THE STREET MONTHLY – IT’S A LONG WAY TO THE TOP OF THE S&P 500
For the first time in history, the S&P 500 is dominated by the top six stocks. Roughly 25% of the index’s market capitalization is comprised of Facebook (now Meta), Amazon, Apple, Microsoft, Tesla, and Google (Alphabet). Their domination of the index is bigger than any other bubble or period, including the Dot Com bubble. What’s […]
On The Street Monthly – Monumental Legislation: The Bipartisan Infrastructure Bill
Congress passed the Bipartisan Infrastructure Deal (Infrastructure Investment and Jobs Act) on November 6th. This $1.2 trillion package is one of the largest ever passed, and it represented a key economic milestone for The Biden Administration. According to the White House, the bill will “rebuild America’s roads, bridges, and rails, expand access to clean drinking […]
ON THE STREET MONTHLY – FULL STEAM AHEAD: STRONG CORPORATE EARNINGS AND ECONOMIC OPTIMISM LEAD INTO THE NEXT QUARTER
Third quarter earnings are led by strong performance in the financial sector looking towards a staggering 45% year-over-year growth for corporate earnings according to Fidelity. This is the fourth quarter in a row that corporate earnings trended towards a surprise upside, helped in large part by a strong boost in commodity prices due to increased […]
LAKE STREET WELCOMES BRIAN DEGRADO AND STEVE WEBER
Lake Street is excited to welcome private wealth veterans, Brian DeGrado and Steve Weber, to the team! Brian will join the firm as a Senior Vice President with 20+ years of experience counseling ultra-high net worth individuals and their families. Steve has been working alongside Brian the past year 5 years at both JPMorgan and […]
JUSTIN TERZO RECOGNIZED IN 2021 FORBES “TOP NEXT-GENERATION WEALTH ADVISORS” LIST
Congratulations to Lake Street’s own, Justin M. Terzo, CPA, for being named to the 2021 Forbes “Top Next-Generation Wealth Advisors” list! Justin is ranked 5th in Illinois, and it is his 3rd time receiving this recognition. The Forbes Next-Generation Wealth Advisor list is awarded to the top 500 advisors in the county who represent the […]
ON THE STREET MONTHLY – SOFR BRINGS A SEISMIC SHIFT TO AMERICAN LENDING
The London interbank offered rate (LIBOR) is one of the most famous and essential financial benchmarks in the world because it dictated how interest rates change for both commercial and consumer debt. However, after a series of scandals and a lack of quantitative substance, the secured overnight financing rate (SOFR) will replace LIBOR in the […]
ON THE STREET MONTHLY – INVESTORS FLOCK TO STOCKS PUSHING OTHER ASSET CLASSES TO RECORD VALUATIONS
August continues the trend of all-time highs for the equity markets, which is boosting confidence in derivatives, cryptocurrencies, and other alternative investments. The combination of strong consumer demand, impressive Q2 quarterly earnings, and economic optimism pushed the Dow Jones, Nasdaq, and S&P 500 to record highs, thanks in large part to outperformance by many financial […]
LAKE STREET WELCOMES ANUJ GROVER
Anuj brings deep industry knowledge to the group having served in many facets of asset and wealth management the past 20 years; the last eight with Wells Fargo. “We continue to see the most talented advisors leaving the wirehouses for independence. Carrying the label of a fiduciary and operating in an environment without conflicts of […]
Join Our Growing Team!
Position: Tax Manager Job Description: Lake Street is looking for an experienced tax professional with an entrepreneurial spirit to help launch “Lake Street Tax & Family Office Services” to complement our rapidly growing wealth management business. Lake Street is approaching $1 billion in client assets under management, representing 400 households across 37 states. This individual […]
ON THE STREET MONTHLY – S&P 500 HITS A RECORD HIGH
June ended on a strong note for stocks, as the banking sector led the S&P 500 to a record high, making it the 33rd time this year that the index reached a new record. This was the fifth straight month of gains for the S&P, which has already gained 14% on the year. Stocks were […]
ON THE STREET MONTHLY – BIDEN PROPOSES A NEW BUDGET
President Joe Biden announced his plans for a $6 trillion US budget in the coming year. This would represent a one-third boost to federal spending compared to pre-coronavirus levels, and would be the highest sustained federal spending level since World War II. His plan is also expected to raise government spending to $8.2 trillion by […]
ON THE STREET MONTHLY – INTEREST RATES TO REMAIN CONSTANT
The Federal Open Market Committee decided in April that now is not the time to raise interest rates. The FOMC cited the need to continue helping in the coronavirus economic recovery along with low levels of inflation as reasons for their decision. However, Federal Reserve chairman Jerome Powell and the committee were optimistic as to […]
Justin Terzo Recognized In 2021 Forbes “Best-In-State Wealth Advisors” List
Lake Street co-founder and managing partner, Justin Terzo, has been named to the 2021 Forbes “Best-In-State Wealth Advisors” list. Justin is honored and humbled to receive such national recognition two years in a row. This award encompasses the highest quality advisors across the country who strive to make a positive, long-lasting impact on the lives […]
ON THE STREET MONTHLY – INFLATION STARTS TO HIT EUROPE
For months many have wondered if inflation will start to become a problem. And while the United States has yet to see inflation become a real problem yet, over in Europe, inflation has become a real issue. In March, the Eurozone saw its highest inflation since the start of the pandemic. Consumer prices across the […]
ON THE STREET MONTHLY – INTEREST RATES ARE ON THE MOVE
Interest rates have taken a beating over the past few years, but in February, rates started to show signs of life. The 10-year treasury yield hit 1.614% at the end of the month, the highest rate since the coronavirus pandemic began last Spring. It appears that a combination of positive news from mass vaccinations, economic […]
ON THE STREET MONTHLY – A BATTLE FOR MORE ECONOMIC STIMULUS
Now that there is a new administration in the White House, analysts are beginning to get a sense of what is to come for the US economy. President Biden unveiled a $1.9 trillion stimulus package that includes more direct payments to Americans, increasing unemployment benefits, and help with coronavirus vaccine rollouts across the country. Republicans […]