https://www.interdependentadvisors.com/

Interdependent Advisors, An OSJ of Peers, 7432 Jager Court Cincinnati OH, Cincinnati oh , OH (2026)

08/25/2026

Mark your calendar for our IA Monthly Meeting this Friday at 9:30 AM EST!

Join us for an informative discussion featuring Alex Barned of Absolute Capital, who will share valuable insights and industry expertise during our wholesaler/vendor discussion. We’ll also hear from Mark Becker, who will share his background, unique abilities, niche markets, products, and processes during our IA Advisor share and discuss.

For more details feel free to reach out to John Maddrill our Business Development Specialist at [email protected].

08/07/2026

IA Market Update: August Edition

We hope this message finds you well. July brought mixed signals for investors to sort through. Inflation data pointed to cooling prices in June, and the labor market held steady even though the Federal Reserve grew more cautious without a rate hike.

At the same time, the U.S.-Iran conflict rattled supply concerns and whipsawed energy prices, while high-momentum stocks ceded ground as money shifted into other sectors.

Here’s how it all shook out for the month:

Major U.S. Stock Indices

Market leadership shifted throughout the month. Smaller companies and value plays advanced while AI and chip stocks pulled back, although strong earnings reports from Microsoft and other tech heavyweights trimmed some losses.
• The S&P 500 slipped 0.13%.
• The Nasdaq 100 plunged 6.61%.
• The Dow Jones Industrial Average edged higher by 0.32%.

The Macro Outlook

Economic growth slowed, but didn’t stall. Second-quarter GDP, which was released July 30, grew at a 1.5% annualized pace, as rising imports offset otherwise steady consumer spending. Retail activity held up through June even as shoppers grew more price-sensitive and confidence wavered. Consumer sentiment touched a five-month high in July, though renewed Middle East tensions and rising gasoline prices could make the improvement hard to sustain.

The labor market shows signs of a soft landing. June payroll gains, which were released July 2, came in well below expectations, and unemployment ticked up modestly, signs of a hiring slowdown rather than distress. However, jobless claims stayed low, showing no sign that layoffs are accelerating. Slower hiring and steady unemployment, alongside resilient consumer spending, paint a picture consistent with a soft landing, one where growth decelerates gradually rather than deteriorating quickly.

Inflation eased, yet Fed Chair Warsh isn’t declaring victory. June’s inflation report showed a decline broad enough to lift hopes policymakers could hold off on tightening, and traders quickly pared back bets on near-term hikes. Warsh offered little forward-looking guidance at the press conference after the Fed’s July 28-29 meeting, having moved away from the communication strategy of his predecessor. Underlying price pressure remains well above target, and that gap with market optimism is likely to keep driving the debate until officials say more.

Energy remains the wild card that could upend the inflation story. A rebound in oil prices tied to renewed fighting between the United States and Iran has reignited concerns that supply shocks could reverse recent progress. That has shifted the market conversation. Instead of debating whether the dovish Fed might start cutting rates, investors are now weighing whether it will be forced into a rate hike, a shift that shows how quickly sentiment turns when energy price volatility returns.

The Bottom Line

The economy is still expanding, and inflation has eased on some measures, but neither trend is decisive enough for the Fed to call the fight won. Moderating growth alongside price pressure that hasn’t fully retreated means policy uncertainty will likely persist into the fall.

The market looks healthier than it did earlier this year, with leadership broadening beyond a handful of tech heavyweights. But those stocks still carry outsized weight in driving index performance, and that concentration means sentiment can reverse quickly if they stumble.

For portfolios, the approach hasn’t changed. Staying diversified and favoring a long-term outlook can help navigate a market still leaning on a single growth theme, especially with inflation and the Fed’s next move still uncertain.

As always, if you have any questions, please don’t hesitate to reach out to us. We are here to be a resource for you. Wishing you an amazing August!

If you would like to dive deeper into these topics, we are always here as a resource for you and available to discuss anything on your mind! Feel free to direct any of your questions or concerns to your advisor or any general questions by emailing [email protected] or calling us at 513.232.6500.

These are the opinions of Interdependent Advisors and not necessarily those of Cambridge, which are for informational purposes only, and should not be construed or acted upon as individualized investment advice.

07/28/2026

Mark your calendar for our IA Monthly Meeting this Friday at 9:30 AM EST!

Join us for an informative discussion with Jennifer Cornett, Relationship Manager at Cambridge, and Quenton Dodson, AVP of Product Management at Cambridge. They will provide a high-level overview of the new CLIC Workstation, including managing client information, financial planning data entry, and upcoming training opportunities. We'll also hear from Brad Knoll, RVP, Retirement Consultant, and Chris Milliken, Senior RVP, ETFs, who will share valuable insights and industry expertise during our wholesaler/vendor discussion.

For more details feel free to reach out to John Maddrill our Business Development Specialist at [email protected].

07/09/2026

IA Market Update: July Edition

We hope this message finds you well. Last month, growth held firm, and the labor market held stable even as financial conditions quietly tightened beneath the surface. Equity indices were mixed, and inflation stayed unrelenting. The Federal Reserve became more hawkish under new Chair Kevin Warsh, shifting from its earlier tone.

Here’s how it played out across the major indexes and what drove the numbers.

Major U.S. Stock Indices

U.S. stocks diverged in June after an upbeat quarter. Inside technology, the split was stark. AI-driven semiconductors kept surging, while several Magnificent 7 stocks lost steam after last year’s outsized gains.
• The S&P 500 fell 1.06%.
• The Nasdaq 100 slipped 0.19%.
• The Dow Jones Industrial Average rose 2.52%.

The Big Picture

Stronger Than It Looks. U.S. growth proved better than first reported. First-quarter Gross Domestic Product (GDP) was revised upward to 2.1% annualized, well above the initial estimate of 1.6%, pointing to stronger momentum heading into mid-year. Manufacturing activity expanded for a sixth straight month despite tariffs and war-driven costs, and consumers kept spending on non-energy goods even as fuel prices rose. This economy has more resilience than markets have been pricing in.

Cooling, Not Cracking. Hiring slowed sharply. Employers added just 57,000 jobs in June, well below expectations. Unemployment fell to a 14-month low of 4.2%, but only because roughly 720,000 people left the labor force, a sign of fading worker confidence rather than strength. ADP’s National Employer Report showed a similar slowdown, with businesses adding 98,000 private-sector jobs, though it did describe labor demand as improving. The market is mending, but not thriving.

The Energy Squeeze. May’s Consumer Price Index (CPI) came out on June 10th, and showed that CPI rose to 4.2% in May, the highest since 2023, as war-driven energy costs jumped nearly 24% year over year. Core inflation (which excludes food and energy) also crept higher, to 2.8%, showing pressures extend beyond energy. Oil offered relief late in the quarter, falling from around $95 to the mid-$70s in June after a U.S.-Iran ceasefire reopened the Strait of Hormuz, though May’s CPI release predates that drop.

A New Chair, A New Tone. Kevin Warsh’s first meeting as Fed Chair in June set the tone for markets. The Fed held rates at 3.50-3.75%, but dropped its easing bias and forward guidance, turning more hawkish. His statement ran just 130 words, a fraction of his predecessor’s. Projections showed inflation revised higher, unemployment lower, and rate forecasts for coming years shifted up, with nearly half of officials expecting another hike this year. Warsh skipped his own forecast, pushing to rely less on lagging data.

The Road Ahead

Put together, the current story is one of measured, if uneven, progress. Growth and employment are staying firm, inflation remains elevated but contained, and markets are digesting a powerful AI-driven rally.

Throughout July, eyes will turn to fresh inflation and jobs data, corporate earnings, and how the Fed moves at the July 28-29 meeting. The key questions are whether price pressures keep easing and whether profits can support current valuations. From there, it’s a matter of how shifting rate expectations feed through to stocks and bonds.

This remains a market that rewards close attention, and we’re watching it on your behalf. As always, if you have any questions about your portfolio or strategy, don’t hesitate to reach out. We are here to be a resource for you. Wishing you an amazing July!

If you would like to dive deeper into these topics, we are always here as a resource for you and available to discuss anything on your mind! Feel free to direct any of your questions or concerns to your advisor or any general questions by emailing [email protected] or calling us at 513.232.6500.

These are the opinions of Interdependent Advisors and not necessarily those of Cambridge, which are for informational purposes only, and should not be construed or acted upon as individualized investment advice.

07/02/2026

Wishing everyone a happy Independence Day filled with family, friends, and fun!

As we celebrate the freedoms we enjoy, it's also a great time to reflect on your journey toward financial independence. Thoughtful planning today can help provide the flexibility and peace of mind to enjoy the future with confidence.

In celebration of Independence Day, our office will close early at 1:00 PM on Thursday, July 2, and will remain closed through the holiday weekend. We will reopen with normal business hours on Monday, July 6.

We wish you a safe, happy, and memorable holiday!

06/29/2026

We are excited to announce Dalton Scaggs has joined the OSJ of Peers!

Please join us in extending Dalton a warm welcome to IA!

06/23/2026

Mark your calendar for our IA Monthly Meeting this Friday at 9:30 AM EST!

Join us for an engaging discussion with IA Advisor Joe Bozo of Bright Forecast Financial, who will share insights into his process, niche markets, products, and unique approach to serving clients. We'll also hear from Wholesaler/Vendor Matt Couri of Griffin Capital, who will provide valuable industry perspectives and expertise.

For more details feel free to reach out to John Maddrill our Business Development Specialist at [email protected].

06/10/2026

We are excited to announce Tony Pritchett has joined the OSJ of Peers!

Please join us in extending Tony a warm welcome to IA!

06/05/2026

IA Market Update: June Edition

We hope this message finds you well. May delivered a familiar tension. The U.S. economy kept expanding, driven by resilient consumer spending and surging AI investment, yet rising energy prices tied to the U.S.-Iran conflict stoked inflation, leaving the Federal Reserve in a holding pattern and deferring hopes of near-term rate cuts.

For long-term investors, the picture can feel contradictory, with parts of the stock market hitting record highs while entrenched rates weighed on bonds and household budgets. What follows is our monthly review of markets, the Fed, and what both mean for your investments.

Major U.S. Stock Indices

Equity markets rose in May, with tech indices and AI-exposed Asian markets among the strongest performers. Semiconductor and mega-cap growth stocks drove nearly all the upside, while value stocks, small caps, and defensives lagged.

Here’s a look at the numbers for May:
• The S&P 500 climbed 5.15%.
• The Nasdaq 100 surged 10.49%.
• The Dow Jones Industrial Average edged up 2.78%.
The Big Picture, Up Close

Growth Holds, Unevenly. First-quarter GDP came in at 2.0% annualized before being revised down to 1.6% in late May, while unemployment held steady at 4.3%. Affluent households continued to spend freely on services and experiences while lower-income consumers were visibly stretched by fuel and food costs. AI-driven investment in data centers and software surged, offsetting sluggish traditional capital spending.

A Fed With Few Good Options. Newly minted Fed Chair Kevin Warsh, who was sworn in on May 22nd, is stepping into a Fed that’s between a rock and a hard place. Core PCE data, released in mid-May, showed that the inflation measure rose to 3.3% in April, well above the Fed's 2% target. Additionally, markets are now pricing in a rate increase as the more likely next move. Officials would prefer to hold steady and watch inflation fade, but sticky services inflation and an energy shock have made that increasingly difficult.

A Strong Earnings Season. With 97% of S&P 500 companies reporting actual results, 85% have reported a positive earnings per share (EPS) surprise, and 81% have reported a positive revenue surprise. During April and May, analysts increased earnings per share estimates for Q2 by 2.5%. Analysts typically cut estimates in the first two months of a quarter, making the 2.5% upgrade an encouraging signal.

The Three Variables That Matter Most. With the Fed funds rate at 3.50% to 3.75%, short-term yields kept cash and short-duration bonds competitive with risk assets. The dollar stayed strong, which squeezed emerging markets and trimmed the returns U.S. investors earned on overseas holdings. Of the three, oil was the most consequential. Surging well above $110 per barrel early in May on conflict escalation before retreating below $90 on ceasefire signals, its next sustained move will do more to shape inflation's trajectory than any single Fed decision.

Putting It All Together

The economy is resilient but not immune. Inflation has reset higher, and the real risk is not recession but a drawn-out stretch of uncomfortable prices that eventually forces the Fed’s hand. Oil is the swing factor. If energy costs push higher again, the glide path back to target gets considerably steeper.

Equity markets are strong but remain concentrated, with earnings holding the bull case together while rate-sensitive segments show strain. Cash yields are attractive, and the dollar offers insulation, but the core message is straightforward: stay invested, stay diversified, and resist crowded trades.

These are complex markets, and we are tracking them closely on your behalf. As always, if you have any questions about your portfolio or strategy, we are here to help. Wishing you an amazing June!

If you would like to dive deeper into these topics, we are always here as a resource for you and available to discuss anything on your mind! Feel free to direct any of your questions or concerns to your advisor or any general questions by emailing [email protected] or calling us at 513.232.6500.

These are the opinions of Interdependent Advisors and not necessarily those of Cambridge, which are for informational purposes only, and should not be construed or acted upon as individualized investment advice.

05/26/2026

Mark your calendar for our IA Monthly Meeting this Friday at 9:30 AM EST!

Join us for an engaging discussion with IA Advisor Adam Rex of Cornerstone Financial Services, who will share valuable insights and strategies. We’ll also hear from Wholesaler/Vendor Mac Deegan of First Trust, bringing additional industry perspective and expertise!

For more details feel free to reach out to John Maddrill our Business Development Specialist at [email protected].

Interdependent Advisors, An OSJ of Peers

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