Beta Wealth Group

06/01/2026

Global markets navigated a volatile but ultimately constructive week, as easing geopolitical tensions and resilient economic data helped sustain risk appetite.

U.S. equities extended their rally for a ninth consecutive week, with the S&P 500 gaining 0.91% and major indices closing at record highs. A pullback in oil prices helped ease inflation concerns and supported both growth and consumer discretionary sectors. AI-driven momentum remained a key tailwind, with continued strength in semiconductor and infrastructure names underscoring robust demand trends.

Internationally, performance was strong. European equities rose 3.22%, supported by defense and technology stocks alongside better-than-expected German GDP data. In Asia, Korea’s KOSPI surged 4.73%, fueled by ongoing strength in memory chip demand.

Fixed income markets reflected shifting macro expectations. Treasury yields spiked early in the week, with the 30-year reaching 5.19%, its highest level since 2007, before retracing as geopolitical risks softened. The 10-year yield ultimately declined to 4.56%, while the 2-year remained elevated at 4.12%, highlighting persistent uncertainty around the Fed’s policy path. FOMC minutes reinforced a more hawkish tone, with inflation risks still skewed to the upside.

Commodities and currencies were relatively subdued. Oil prices fell sharply, while gold edged lower amid reduced safe-haven demand and higher yields. The U.S. dollar was largely unchanged, with continued weakness in the yen despite government intervention.

Looking ahead, markets will focus on labor market data, including Friday’s nonfarm payrolls report, alongside ISM and JOLTS releases. At the same time, developments in U.S.-Iran negotiations remain critical. Continued progress could reinforce disinflationary trends and support equities, while setbacks may reintroduce volatility through higher energy prices and renewed rate pressures.

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The information above has been obtained from sources considered reliable, but no representation is made as to its completeness, accuracy or timeliness. All information and opinions expressed are subject to change without notice. Information provided in this report is not intended to be, and should not be construed as, investment, legal or tax advice; and does not constitute an offer, or a solicitation of any offer, to buy or sell any security, investment or other product.

05/26/2026

Markets pushed higher last week despite a mixed macro backdrop, underscoring the resilience of risk assets in the face of lingering uncertainty.

Economic data painted a nuanced picture, with softening housing activity and declining consumer sentiment offset by mixed PMI readings across manufacturing and services. Still, investors looked past the noise, focusing instead on easing geopolitical tensions and the potential for lower energy prices.

U.S. equities extended their rally, with the S&P 500 logging its eighth consecutive weekly gain, the longest streak in three years. Market leadership broadened, as cyclical value and small caps outperformed, while defensive sectors like utilities and healthcare led overall gains. Interestingly, even strong earnings from Nvidia failed to ignite further upside, suggesting elevated expectations are already priced into AI-driven names.

Globally, equities followed suit. Europe and the U.K. advanced on optimism surrounding Middle East negotiations, while emerging markets saw strength in AI-linked semiconductor exporters like Taiwan and South Korea. China, however, remained a drag amid ongoing growth concerns.

Fixed income markets provided a tailwind, as Treasury yields retraced recent highs, supporting both U.S. and international bonds. Meanwhile, commodities declined, led by a sharp drop in crude oil prices, down nearly 9%, as geopolitical risk premiums eased.

Looking ahead, focus shifts toward inflation data, particularly the Fed’s preferred PCE measure, alongside key housing and late-cycle earnings reports. With valuations elevated and macro crosscurrents still in play, the sustainability of this rally may hinge on confirmation that inflation, and rates, are indeed stabilizing.

Questions? Reach out to [email protected].

The information above has been obtained from sources considered reliable, but no representation is made as to its completeness, accuracy or timeliness. All information and opinions expressed are subject to change without notice. Information provided in this report is not intended to be, and should not be construed as, investment, legal or tax advice; and does not constitute an offer, or a solicitation of any offer, to buy or sell any security, investment or other product.

05/04/2026

Equities finished broadly higher globally, led by the U.S. and Japan, while bonds softened as yields rose on renewed inflation concerns tied to oil. Commodities extended their gains, with energy once again driving performance as crude prices moved sharply higher.

In the U.S. it’s earnings, not geopolitics alone, that have become the main market driver. Several Magnificent 7 results helped shape sentiment, with Alphabet standing out and Meta facing pressure from heavier capex expectations. That dynamic underscores the market’s key debate right now: how much of today’s AI spending will ultimately translate into durable earnings power?

The earnings season backdrop remains constructive. By Friday, 63% of S&P 500 companies had reported, and among those, 84% beat EPS estimates and 81% topped revenue expectations. The blended Q1 earnings growth rate has climbed to 27.1%, led by technology, communications, and consumer discretionary.

Sector performance reflected the same pattern, with communications and energy leading the week while materials lagged. April was especially strong, with the S&P 500 rising 10% for its best monthly gain since late 2020, more than offsetting March’s decline.

Looking ahead, the next major test is the labor market, with Friday’s payroll report likely to shape expectations for the Fed’s path and the durability of the “higher for longer” narrative.

Questions? Reach out at [email protected]

The information above has been obtained from sources considered reliable, but no representation is made as to its completeness, accuracy or timeliness. All information and opinions expressed are subject to change without notice. Information provided in this report is not intended to be, and should not be construed as, investment, legal or tax advice; and does not constitute an offer, or a solicitation of any offer, to buy or sell any security, investment or other product.

04/21/2026

Markets extended their rally for a third consecutive week, driven largely by a rapid de-escalation in Middle East tensions and a sharp reversal in energy prices. Iran’s indication that the Strait of Hormuz would remain open during the ceasefire window helped ease global risk concerns, sending oil prices down more than $10 per barrel in a single session. That move alone significantly reduced near-term inflation pressure and fueled a broad risk-on shift across asset classes.

U.S. equities responded strongly, with the S&P 500 and Nasdaq-100 gaining 4.5% and 6% on the week, now up 13% and 17% from their late-March lows. Small caps led the charge, while growth-oriented sectors, particularly technology, consumer discretionary, and communications, outperformed. At the same time, energy lagged as oil retraced, and rate-sensitive areas like housing continued to show softness.

Despite the market’s momentum, underlying economic data remains mixed. Inflation readings were elevated due to prior energy shocks, while housing and small business sentiment remain subdued. However, labor markets are holding firm, and global growth expectations have improved, with the IMF’s 3% baseline now appearing more achievable.

Globally, stabilization is taking hold. China continues to show resilience, Europe is maintaining modest growth despite policy caution, and energy price relief is providing a meaningful tailwind across regions.

Looking ahead, the durability of this rally will depend less on geopolitics and more on fundamentals—consumer strength, inflation trends, and central bank direction. With key data releases, earnings season accelerating, and Fed leadership developments in focus, markets may face renewed volatility.

Questions? Reach out at [email protected] or visit www.betawealthgroup.com

The information above has been obtained from sources considered reliable, but no representation is made as to its completeness, accuracy or timeliness. All information and opinions expressed are subject to change without notice. Information provided in this report is not intended to be, and should not be construed as, investment, legal or tax advice; and does not constitute an offer, or a solicitation of any offer, to buy or sell any security, investment or other product.

Independent wealth management firm delivering institutional quality investment solutions to families and individuals. Our technology-driven approach combines advanced portfolio optimization, retirement planning, estate strategies, and tax-efficient ex*****on. Team of CFP and MBA professionals servin

04/15/2026

www.betawealthgroup.com/insights/market-update-april-15-2026

U.S. equities extended their rally for a second straight week as investors responded favorably to the two-week U.S.-Iran ceasefire and the sharp pullback in crude prices. The S&P 500 gained 3.6%, the Nasdaq Composite surged 4.7%, and the Russell 2000 advanced 4.0%, underscoring a broad risk-

03/31/2026

Global markets closed the week reflecting a growing tension between resilient economic activity and rising geopolitical and inflation risks.

Recent data showed U.S. manufacturing activity improving modestly, while services softened slightly—both still in expansion territory. However, declining construction spending and weaker consumer sentiment point to early signs of demand fatigue. At the same time, inflation pressures are re-emerging, driven largely by higher energy costs.

Equity markets were mixed globally. U.S. large caps continued to pull back, with the Nasdaq entering correction territory (-10%) and the S&P 500 -8% from recent highs. In contrast, developed international markets—particularly Europe—posted gains. Sector performance reflected the macro backdrop: energy and materials outperformed, while technology and communication services lagged. Notably, small caps showed relative resilience.

Geopolitics remain the dominant market driver. Ongoing uncertainty around the U.S.-Iran conflict continues to flow directly through oil prices, which have become the market’s primary pressure valve. Crude prices remain elevated, pushing inflation expectations higher and contributing to a sharp rise in Treasury yields, with the 10-year approaching 4.5%. Markets appear to be pricing in a temporary disruption rather than a prolonged economic shock.

Fixed income struggled as yields climbed and rate cut expectations faded. Futures markets are no longer pricing in Fed easing this year, with some probability shifting toward further tightening if inflation persists.

Looking ahead, labor market data will be key, alongside continued geopolitical developments. While corrections of this magnitude are not uncommon historically, the path forward will likely hinge on energy stability and central bank response.

The information above has been obtained from sources considered reliable, but no representation is made as to its completeness, accuracy or timeliness. All information and opinions expressed are subject to change without notice. Information provided in this report is not intended to be, and should not be construed as, investment, legal or tax advice; and does not constitute an offer, or a solicitation of any offer, to buy or sell any security, investment or other product.

03/24/2026

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03/16/2026

Geopolitics, energy, and data converged to deliver a turbulent week for markets, reminding investors that risk is rarely linear.

Headline U.S. inflation remained contained but showed signs of reacceleration, with CPI up 0.3% month over month and core PCE rising 0.4%, keeping underlying pressures above the Fed’s 2% target. At the same time, prior quarter GDP was revised sharply lower to 0.7%, underscoring a backdrop of moderating growth even before the latest oil shock. Housing was a bright spot, with starts and existing sales improving as affordability stabilized at the margin.

Markets, however, were dominated by the escalating conflict in the Middle East and the resulting energy shock. Oil prices swung in a wide range and revisited levels near or above 100 dollars per barrel, despite a historic 400million barrel release from strategic reserves. Equity indices in the U.S. finished modestly lower, while foreign markets, more sensitive to energy supply risk and a stronger dollar, saw deeper declines. Volatility spiked, with the VIX moving well into “stress” territory above 25, reflecting a decisive shift to risk off positioning.

Within equities, only energy managed gains, while cyclical and rate sensitive sectors lagged on concerns that higher oil will reignite inflation just as growth cools. Bonds also sold off as yields rose on renewed inflation fears and heavy issuance, leaving floating rate credit as one of the few pockets of resilience.

For long-term investors, this environment argues for disciplined diversification, an emphasis on quality and liquidity, and a renewed appreciation for the role of real assets as potential shock absorbers during geopolitical crises.

Questions? [email protected] or betawealthgroup.com

The information above has been obtained from sources considered reliable, but no representation is made as to its completeness, accuracy or timeliness. All information and opinions expressed are subject to change without notice. Information provided in this report is not intended to be, and should not be construed as, investment, legal or tax advice; and does not constitute an offer, or a solicitation of any offer, to buy or sell any security, investment or other product.

03/10/2026

Volatility returned to global markets last week as a mix of geopolitical tension, inflation surprises, and shifting policy signals kept investors on edge. U.S. equities drifted lower, with the S&P 500 down 0.42%, weighed by AI-driven layoff concerns and a hotter-t

03/06/2026

Beta Wealth Group was recognized by San Diego Business Journal as a Wealth Management Firm (2026).

We are grateful to be included among firms serving San Diego County.

Disclosure: The “Wealth Management Firm” recognition was awarded by San Diego Business Journal in 2026. Firms were selected based on assets managed locally. Compensation was not paid in exchange for this recognition. This award is not indicative of future investment performance or client experience.