“Macro moderation is likely to be a headwind for ex-Tech EPS growth through the end of the year; we expect this to be offset by Big Tech continuing to surprise to the upside as it did in 1H.”

 “Recent US equity volatility should end up fairly contained. Major unwinds seem systematically/technically motivated rather than fundamental (crowded positioning among discretionary funds, systematic equity exposure was elevated, June-July rally was frothy/mostly multiple expansion, market implied probability of a September rate cut was already ~74% prior to June CPI).”

 “There could be more pain trade to go, but we see it as an opportunity to reset valuations as focus shifts to 2Q24 earnings.”

 “The Schwab U.S. Dividend Equity ETF is the gold standard... You see the benefit of the low expenses really compound over the long term, which is really where this fund has thrived.”

 “These aren’t going to outperform every bull market, that is not how it is designed. It has held its own during market downturns. It has stayed competitive during market rallies. That’s the benefit of threading the needle between value and quality.”

 “In retirement accounts, especially for younger clients, it’s always been right out the gate – we reinvest all dividends. If you think about zooming out and seeing the upward trend in the market, if you keep adding to these positions, those returns compound and your return is significantly higher. The more time on your side, the better for compound returns.”

 “Names on her radar these days include Amgen, which is yielding about 3%.”