The S&P 500 recently hit a new all time high. The index has doubled since 2023.The 30-year treasury recently exceeded 5%, the highest level since 2007. The bond yield has been increasing since 2020.The stock market has been led by a few tech companies. Stock prices are driven by sentiment. Sentiment can change quickly.Bond yields are rising due to federal debt. As long as the government continues to spend more than it receives, bond yields will keep increasing. Until Congress stops spending more than it receives, this will continue. There is no sign of this changing in the foreseeable future.Higher interest rates are typically bad for the stock market. Higher interest rates increase the costs to borrow and expand business. Profits typically decline.Both cannot continue rising long-term. My bet is the stock market will decline before the bond market. The bond market is significantly larger than the stock market. The driver of increased bond yields is not changing. This creates significant risk and opportunity.This is the Golden Era of Fixed Assets. Fixed index annuities are generating the highest returns in decades due to the higher bond yields.

<div><span style="font-family: Arial, sans-serif;">The S&P 500 recently hit a new all time high. The index has doubled since 2023.</span></div> <div><span style="font-family: Arial, sans-serif;"> </span></div> <div><span style="font-family: Arial, sans-serif;">The 30-year treasury recently exceeded 5%, the highest level since 2007. The bond yield has been increasing since 2020.</span></div> <div><span style="font-family: Arial, sans-serif;"> </span></div> <div><span style="font-family: Arial, sans-serif;">The stock market has been led by a few tech companies. Stock prices are driven by sentiment. Sentiment can change quickly.</span></div> <div><span style="font-family: Arial, sans-serif;"> </span></div> <div><span style="font-family: Arial, sans-serif;">Bond yields are rising due to federal debt. As long as the government continues to spend more than it receives, bond yields will keep increasing. Until Congress stops spending more than it receives, this will continue. There is no sign of this changing in the foreseeable future.</span></div> <div><span style="font-family: Arial, sans-serif;"> </span></div> <div><span style="font-family: Arial, sans-serif;">Higher interest rates are typically bad for the stock market. Higher interest rates increase the costs to borrow and expand business. Profits typically decline.</span></div> <div><span style="font-family: Arial, sans-serif;"> </span></div> <div><span style="font-family: Arial, sans-serif;">Both cannot continue rising long-term. </span></div> <div><span style="font-family: Arial, sans-serif;"> </span></div> <div><span style="font-family: Arial, sans-serif;">My bet is the stock market will decline before the bond market. The bond market is significantly larger than the stock market. </span>The driver of increased bond yields is not changing. </div> <div> </div> <div>This creates significant risk and opportunity.</div> <div> </div> <div>This is the Golden Era of Fixed Assets. Fixed index annuities are generating the highest returns in decades due to the higher bond yields.</div>

If you want to live like the wealthy, you need to think like the wealthy.  Join Ferenc Toth each week for the Your Personal Bank™ Show, Saturdays at 10:00AM. Your Personal Bank™ is a powerful financial tool typically only shared with the ultra-wealthy by the financial industry.  Learn how to gain control of your money . . . create tax-favored income . . . and access more funds over your lifetime.  It’s the Your Personal Bank™ Show . . . the show that can change your financial life. Call 866-268-4422 for more information.

<p>If you want to live like the wealthy, you need to think like the wealthy.  Join Ferenc Toth each week for the Your Personal Bank™ Show, Saturdays at 10:00AM. Your Personal Bank™ is a powerful financial tool typically only shared with the ultra-wealthy by the financial industry.  Learn how to gain control of your money . . . create tax-favored income . . . and access more funds over your lifetime.  It’s the Your Personal Bank™ Show . . . the show that can change your financial life. Call 866-268-4422 for more information.</p>