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ACT Advisors Spring Newsletter 2019

Our spring newsletter is here! In this issue:

      • Bull Market Reaches 10 Years 
      • Developing Productive Citizens in the 21st Century
      • Protect Yourself from Tax Season Fraud

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Weekly Bottom Line

• Markets looked through a week of geopolitical whiplash, with AI and chip optimism helping keep U.S. equities close to record highs. • The ISM Services Index eased only modestly in June, with activity and orders still expanding and employment returning to growth. • Existing home sales disappointed as affordability

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Keep Calm and Clip Coupons

Coming into 2026, we expected inflation to move closer to the Federal Reserve’s (Fed) 2% target, the Fed to cut rates by roughly 75 basis points (bps), and Treasury yields to drift lower. Instead, the first half delivered three stress tests in rapid succession: a leadership change at the Fed,

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