📈 First Commercial Space Flight

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In this edition, let's put on our history hats and ponder the burning question: Will we see a recession this year? We're digging into the past to see what it tells us about the future. If we do enter one, there’s some good news as 23 of the largest U.S. banks just schooled the Federal Reserve's recession stress test like it was no big deal. Impressive, right?

Finally, prepare for liftoff because we're taking a trip to the stars. Virgin Galactic has successfully completed its very first commercial rocket plane flight to space. Tickets range from $250,000 to $450,000 - jury is out on whether they’re worth the money…

Grab your Venti Caramel Macchiato with extra foam, double shot of espresso and two pumps of vanilla syrup and let's get into it! ☕️👇️

Markets

Will We See a Recession This Year? What History Tells Us (5 minute read)
Can you believe we're already halfway through 2023? Time flies! Now, let's talk about what's in store for the second half of the year. So, here's a fun fact: before a recession hits, the market tends to reach its peak, and just before the recession ends, it hits rock bottom.

Now, here's a stat for you: on average, the S&P 500 goes down about 25%, with a median of 20%, from the time the Fed last raised interest rates to the ultimate low in the index. So, when we put all this together, it seems like we might be heading for a recession soon. If history is any guide, we might see a decline in the markets.

Investing

2 Stocks to Buy and Hold Forever (6 minute read)
Let's talk about the big deal in investing: holding on to those investments for the long haul. Buying? Easy-peasy. But holding on tight? Now that takes some serious skills! We’ve got some stocks in this article that might be a little easier to hold - the first one: Berkshire Hathaway (BRK.A)(BRK.B)! Yep, you saw it coming, didn't you? With Berkshire Hathaway, you get a whole smorgasbord of top-notch, well-managed assets. And here's another gem for you: Costco (COST)! This retailer is all about focus - They know what they're doing!

23 biggest banks weathered severe recession scenario in stress test (4 minute read)
All 23 U.S. banks tested rocked the Federal Reserve's stress test. They sailed through a super tough recession scenario without breaking a sweat, and they still managed to keep lending to people and businesses. Now, here's where things get interesting: the rate of total loan losses varied a lot among the banks. Charles Schwab played it cool with just a 1.3% loss, but Capital One had a bit of a rollercoaster ride with a 14.7% loss. Ouch!

Virgin Galactic completes first commercial rocket plane flight to space (5 minute read)
On Thursday, three daring Italians hopped aboard a Virgin Galactic (SPCE) rocket plane and zoomed over 50 miles high in the New Mexico desert. Richard Branson, the billionaire mastermind, started this whole thing back in 2004, and now they're finally taking the very first paying customers to the edge of space! Virgin Galactic has already got a whopping 800 bookings lined up for a ticket to the stars - if you’re interested it comes with a price tag, ranging from $250,000 to $450,000 per seat!

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