Market pricing in perfection, warns Verdence CIO

The market may be trading around record highs, but the Verdence Capital Advisors CIO is worried trouble is lurking. Megan Horneman, who oversees $4.1 billion in assets under management, thinks there’s too much complacency around the Aug. 1 U.S. trade deadline. “This market is pricing in the perfect situation,” she told CNBC’s “Fast Money” on…

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Why Americans love gated communities

American gated communities have evolved to fit a variety of budgets, lifestyles and needs. They aren’t just a haven for retirees or the ultra-wealthy, although those communities are still prevalent.  Florida and California have the highest number of gated communities, in part because of weather and space. Retirees in particular chose Florida in the 1970s because…

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Why high-earning Americans do not feel rich

About 14% of all U.S. households make $200,000 or more per year, according to 2023 Census data. But a significant salary hasn’t translated to big account balances for some of these consumers — which experts have dubbed “HENRYs,” or “high earners, not rich yet.” Rising costs, debt and lifestyle creep can leave them feeling stuck,…

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