I​t has been a strange start to the year, as the S&P 500 recently hit new all-time highs while other markets are down in the early going. Bond yields have risen from the recent lows as investors may be coming to grips with the idea that too many rate cuts are expected, and some adjustment is needed. Certain members of the Fed have suggested as much, and in our view, rate cuts are coming with the precise number not as important. 

Going through my mail the other day, I noticed three identical official-looking letters addressed to my wife, myself, and our daughter. Of course, it piqued my interest because letters of this nature are never a good thing. I opened the letter addressed to me and quickly realized it was from one of our healthcare providers.