Market Minute with Wealth E&P - 5/30/23

May 30, 2023

May 30, 2023

Welcome to Wealth Enhancement & Preservation’s Market Minute, where we get to update you on everything that happened in the financial markets this week. My name is Darrin Cohen, and I am the CEO of Wealth E&P.

May has been a very interesting month and as you can imagine, we've gotten a lot of questions about the debt ceiling. What's going to happen and what we're doing about it. We did cover it last week but I thought it was worthy of a "part two" since it's still in the news. Now two interesting things about May: Number 1 is that there's a lot of divergence in the performance of the three major indices.


As you can see in the graphic above, it's actually been a pretty good month overall, with the S&P up almost 1%. However, the Dow is down a couple of percentage points, and the Nasdaq was well above 6% growth for the month so it's strange to see that divergence of performance across the board.

At the same time, we've gotten a lot of questions about what we are doing about this. Should we be getting out of the market with all the debt ceiling talk? Well, as you can see, the market is trending up and our indicators have been quite positive for most of the month.

Now here's the way we see it: even though there's discomfort as they try to figure out the solution, we do think that ultimately they will come to agreement or resolution and when that happens, that should (as in historically) drive the market up. Now, that said, we are very nimble and should things not go as planned, we will make adjustments and de-risk if necessary, but right now we're taking advantage of the growth in the market.

If you have any questions about this topic, your portfolio, the economy, or if you want a risk profile or a retirement projection, please feel free to reach out, visit, or give us a call at (678)-739-0175. Otherwise, stay tuned for our Market Minute next week!



At Wealth Enhancement & Preservation, we are here to serve as your financial advisor and source of support in the Alpharetta, GA, Cartersville, GA, and Charleston, SC areas. Our advisors are dedicated to simplifying the complexities of the financial world and as your advocate, we strive to learn about your most valued goals and dreams. From individual investors to entrepreneurs, your success is our goal.

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.


Contact Us:

Wealth E&P

(678) 739-0175