Summit Investment Advisors

Summit Investment Advisors Summit Investment Advisors is a full service financial and investment advisory firm. Securities offered through LPL Financial, Member FINRA/SIPC.

Our financial consultants provide strategic investment management and professional advice for individuals, families, and businesses. www.finra.org and www.sipc.org Investment Advice offered through Summit Investment Advisory Services, a registered investment advisor and separate entity from LPL Financial. Third party posts found on this profile do not reflect the views of LPL Financial and have no

t been reviewed by LPL Financial as to accuracy or completeness. For a list of states in which I am/we are registered to do business, please visit www.summitinvest.com.

07/22/2026

A lot of noise moves markets in the short term. Headlines, geopolitics, a rate decision here or there. But zoom out, and one thing tends to drive stock prices over the long run. Earnings.

Since the late 1980s, and really since 1950, the pattern holds. When company earnings grow, the stock market tends to follow. When earnings fall, the market tends to follow that too. It's not a perfect correlation, but the trend is clear.
That's why we spend more time asking whether businesses are growing their earnings than reacting to what's in the headlines today or next week. Earnings are the signal. Everything else is mostly noise.

Watch the full Mid-Year Market Update here: https://loom.ly/5eauQUw



The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

07/22/2026

Market corrections make headlines like they're rare. They're not.

Going back to 1950, the S&P 500 has averaged about three 5% pullbacks a year, one 10% correction, and a 15% correction roughly every three years. We saw that 15% move in 2025 when tariffs were announced, and a 10% dip this year during the Iran conflict.

None of that changes the bigger picture. 75% of years since 1950 have finished positive. That's part of why we build portfolios around a bucket strategy, keeping near-term spending needs in more conservative, shorter-term assets so the rest of the plan has room to ride out the noise.

Volatility is the cost of being in the market long term, and it's one worth understanding.

Watch the complete Mid-Year Market Update here: https://loom.ly/76fVnWg



The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

07/21/2026

We get a lot of questions about bonds, and the concern is fair. 2022 was a rough year for the bond market. But I think of 2022 less as an ongoing risk and more as a reset.

As of the end of May, the 10-year Treasury yield sits around 4.67%. Compare that to the 2010s, when yields sat closer to 2 to 3%, or the 2020s lows near 0.2 to 0.3%. At today's starting yield, the math points to a forward five-year return near 5%, a level we haven't seen since the early 2000s.

Bonds still do what we need them to do. In almost every year the S&P 500 has finished down since 1950, investment grade bonds have finished positive, with 2022 being the lone exception.

Fixed income is playing a more useful role in portfolios than it has in a long time.

Watch the complete Mid-Year Market Update here: https://loom.ly/76fVnWg



The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

07/21/2026

On June 2nd, the S&P 500 hit one of its highest points ever, somewhere around 7,600. That's exactly when we did a full rebalance across our models.

We trimmed some of the gains from stocks that had run up and added to high-quality bonds to refill income buckets. We also swapped out a large-cap value fund after learning it was likely to close to new investors, replacing it with a similar ETF from the same company so clients wouldn't lose that exposure.

Timing a rebalance right near a market high isn't something we can plan for every time, but it's a good reminder of why we rebalance on a schedule instead of trying to guess the top. The process is what does the work.

Watch the complete Mid-Year Market update here: https://loom.ly/5eauQUw



The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

Not all dividends get taxed the same way, and that catches a lot of investors off guard.When a company turns a profit, i...
07/15/2026

Not all dividends get taxed the same way, and that catches a lot of investors off guard.

When a company turns a profit, it's got two options. Reinvest that money back into the business, or pass some of it along to shareholders as a dividend. That payout is taxable, and it usually lands quarterly or monthly.

Two numbers matter most when you're sizing up a dividend stock. Dividend per share tells you how much cash you're set to collect for each share you own. Dividend yield tells you how that translates relative to what you paid, calculated by dividing the dividend per share by the share price.

The tax treatment is where things split.

Qualified dividends max out at a 20% tax rate. Ordinary dividends get taxed at your regular income rate, anywhere from 10% to 37% depending on your bracket. That's a meaningful gap, and a good reason to check which type you're actually holding.

Dividends also behave differently than bond interest. A bond's interest rate is fixed and approved by the board. A dividend isn't. Companies can raise it, cut it, or pause it entirely depending on how the business is doing. A strong cash position tends to be a better signal than the dividend amount itself.

If dividend income is part of your strategy, or you're weighing whether it should be, let's talk it through.

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This information is not intended as tax or legal advice. Please consult a tax or legal professional regarding your individual situation. The return and principal value of stock prices will fluctuate as market conditions change, and shares, when sold, may be worth more or less than their original cost.

MiniMed recently separated from Medtronic, and if you're an impacted employee, you may have questions nobody's answered ...
07/15/2026

MiniMed recently separated from Medtronic, and if you're an impacted employee, you may have questions nobody's answered clearly yet. RSUs you held at Medtronic were converted into shares of the new company, using a conversion ratio based on stock prices around the separation date. That's a mouthful, and it’s important because you now own a concentrated position in a company with a much shorter track record than the one you signed up for.

Walking medtech clients through this type of transition is an important role of a financial advisor. The math is manageable once someone walks you through it. Knowing what questions to ask is usually the harder part. If your company's going through a spinoff or restructuring, feel free to reach out.

Investing involves risk, including possible loss of principal. Past performance does not guarantee future results.

57,000 jobs added in June. Economists expected 115,000.That's a meaningful miss, and a slowing labor market is a good pr...
07/09/2026

57,000 jobs added in June. Economists expected 115,000.

That's a meaningful miss, and a slowing labor market is a good prompt to check a few things in your own financial picture.

Emergency fund first. Three to six months of expenses in liquid savings is the standard guidance, and that cushion is even more important when hiring slows and job transitions take longer. If yours has drifted, now is a practical time to rebuild it.

For anyone within a few years of retirement, a softer job market affects several decisions at once. Part-time bridge income, Social Security claiming timing, and withdrawal sequencing from different account types can all shift.

For business owners or anyone in a sector that tends to feel economic shifts early, it's a reasonable time to look honestly at your cash flow assumptions for the next twelve months.

A single jobs report doesn't define a trend. A financial plan built around your actual situation is designed to hold up through data points like this one. We're always happy to talk through what it means for yours.
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This information is not a substitute for individualized tax advice. Please consult a qualified tax professional to discuss your specific situation. Tip adapted from IRS.gov.

Markets posted solid gains over a shortened Fourth of July week, with the Dow closing at a record high by Thursday.The w...
07/08/2026

Markets posted solid gains over a shortened Fourth of July week, with the Dow closing at a record high by Thursday.
The week opened strong on continued progress in Middle East diplomatic efforts. Monday and Tuesday brought a broad rally, with chip stocks leading early gains. The Nasdaq rose more than 3.5% and the S&P climbed 2% in the first two sessions alone.

As July began, the picture shifted. Investors rotated out of some AI and tech names, and the Dow hit a new intraday high before pulling back slightly. The S&P and Nasdaq retreated, though a handful of megacap names with company-specific news helped limit the downside.

Thursday brought the June jobs report. The economy added 57,000 jobs last month, well short of the 115,000 economists had expected. Markets initially moved higher on the miss, as softer job growth raises the likelihood of Fed rate relief, then settled into mixed territory heading into the holiday weekend. The Dow finished at a record.
For the week: S&P +1.77%, Nasdaq +2.12%, Dow +1.97%, MSCI EAFE +1.81%.

A week that included a jobs miss, a Dow record, and a holiday compressed into four trading days. Moments like this are a good reminder that headlines and market outcomes don't always move in the same direction. A long-term plan accounts for that. We're always happy to talk through how yours is positioned.
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Investing involves risk, including possible loss of principal. Past performance does not guarantee future results.

As we head into the Fourth of July weekend, here's a story about one of our Founding Fathers that doubles as one of the ...
07/02/2026

As we head into the Fourth of July weekend, here's a story about one of our Founding Fathers that doubles as one of the best lessons in long-term investing ever told.

When Benjamin Franklin died in 1790, he left the cities of Boston and Philadelphia roughly 1,000 pounds each. The terms were specific. Half the funds could be used to make low-interest loans to tradesmen for the first 100 years. The rest had to stay untouched for another century.

When the money came due 200 years after his death, Philadelphia had grown to $2 million. Boston had grown to $5 million.

Franklin understood what he was doing. He wrote about it in 1748: money, he argued, has a prolific nature. It generates more money, and that money generates more still. The longer it compounds, the faster it grows. He called it "turning" money, and he built a 200-year demonstration of the concept into his will.

The principle hasn't changed. Time in the market, consistency, and patience are still the variables that drive long-term outcomes. The calendar is doing work that no single investment decision can replicate.

If you'd like to talk through how those principles apply to your financial picture, we're always happy to have that conversation.
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Investing involves risk, including possible loss of principal. Past performance does not guarantee future results.

Last week gave investors two different stories depending on where they were looking.The Dow closed higher for its third ...
07/01/2026

Last week gave investors two different stories depending on where they were looking.

The Dow closed higher for its third consecutive week, lifted by rotation into healthcare, financials, industrials, and consumer staples. The broader market told a different story. AI valuations came under scrutiny early in the week, and tech never fully recovered. The S&P fell nearly 2% and the Nasdaq dropped more than 4%, while the Dow posted a modest gain.

The divergence held through most of the week. On Tuesday, large consumer stocks helped soften the Dow's decline while the S&P and Nasdaq continued lower. Midweek brought some stabilization, with healthcare and financial names carrying the Dow to small gains Wednesday and Thursday as tech bled off more slowly. By Friday, markets had largely flattened out.

On the inflation front, the Fed's preferred measure of inflation, PCE, came in as expected for May. Core PCE, which strips out energy, hit its highest level since October 2023, but markets took it in stride. No surprises was the operative phrase.

For the week: Dow +0.60%, S&P -1.95%, Nasdaq -4.60%, MSCI EAFE -1.33%.

A week like this is a good reminder of why diversification across sectors matters. The same portfolios that felt the pressure in tech had some cushion in the sectors that held up. That balance is exactly what a long-term plan is built around. We're always happy to talk through how your positioning looks.
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Investing involves risk, including possible loss of principal. Past performance does not guarantee future results.

Address

3065 Centre Pointe Drive, Ste 2
Roseville, MN
55113

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Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 5pm

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(651) 490-2939

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