​Markets were generally lower last week, with US stocks and bonds in the red. Stocks have been on a good run, and taking a bit of a breather should not be seen as a negative. From a news perspective, two items could have played a role in the selling. First, the President threatened new higher tariffs on the EU, after trade negotiations had seemingly stalled. However, he has since extended the deadline to get a deal done. Secondly, the House passed its version of the single bill that the president requested. The bill includes many promised measures - extending the 2017 tax cuts, no tax on tips and overtime, and higher defense and homeland security spending.

As graduation caps fly and celebrations begin, one question quietly lingers for many new grads: ‘What now?’ With student loans, first jobs, and newfound independence, financial decisions can feel daunting. But the right guidance now can set the stage for lifelong security.
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Whether you work with a financial professional or seek guidance from someone you trust, having a plan for financial success at a young age is crucial. If you have a loved one graduating this season, consider giving the gift of financial confidence by having a conversation about money management and an introduction to a trusted financial advisor, which could be more valuable than anything wrapped in a box. Helping a new graduate lay the groundwork for smart financial habits can set them up for security and success for years to come.

Below are a few tips to help you or a new graduate get started:

​Equity markets continued to rebound as stocks were once again higher last week. April’s jobs report was generally viewed as solid, showing higher-than-expected job growth. Despite some downward revisions to the prior two months of hiring, we have thus far avoided a notable decline in labor data. In the markets, investors have been busy buying many of the most battered names, such as in higher-growth areas like technology and biotech. Much like the decline, the market rebound has been swift, however, in the near term we continue to advise a higher level of caution.