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| Wealth Adviser |
 | | SERGIO FLORES FOR THE WALL STREET JOURNAL |
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| Eight companies are to blame for nearly half the stock market’s decline this year—and the pain doesn’t end there. Apple, Microsoft, Amazon. com, Tesla and the parent companies of Google and Facebook swelled to be so big in recent years that they accounted for 25% of the S&P 500 heading into 2022. The benchmark U.S. stock index is weighted by market value, which means the biggest companies have the most influence. Below, some of the best analysis and insight from WSJ writers and columnists, the Dow Jones Newswires team and occasionally beyond, on investing, the wealth-management business and more. |
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| In a Sour Market, Agricultural Commodities Are Still Tasty: Agriculture commodities are turning out to be a safe haven for investors burned by the recent turbulence in stock and currency markets—at least as long as political instability lasts. |
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| African central banks will likely diverge from the trend in developed countries of hiking interest rates to focus on supporting their strained economies, amid spiraling food prices, says financial services firm AZA Finance. India's recent ban on wheat exports has pushed grain prices higher, piling more pressure on African importers already strained by global supply disruptions and Russia's invasion of Ukraine. "While the ban won't apply to existing contracts between India and Egypt, it is likely to have far reaching consequences for wheat importers such as Kenya and Nigeria,"AZA notes. "Given those economic strains across the continent, we expect African central banks to diverge from the global rate hiking trend to focus on supporting their economies." (Nicholas.Bariyo@wsj.com;@Nicholasbariyo) - Manufacturing sector surveys in the New York and Philadelphia areas point to weakening momentum in May and could signal softer growth ahead, Oxford Economics' lead U.S. economist Oren Klachkin and chief U.S. economist Kathy Bostjancic say in a note. Stronger services spending and higher interest rates pose downside risks, but goods demand should remain strong as many companies still need to replenish inventories, they say. However, supply-chain bottlenecks will continue to be a drag on activity as the current challenges won't unwind any time soon, even if China starts to ease its Covid-19 lockdowns, OE says. "We shouldn't be surprised to see a moderation in manufacturing growth as goods demand slows and supply chain problems bite." (xavier.fontdegloria@wsj.com) |
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| Beyond the Prenup: Safeguarding Women’s Wealth Before They Say ‘I Do’: Here's how advisers can help women who are marrying later and have significant assets to safeguard. (Barron's Firewalled) |
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| Mortgage Lenders Are Playing Defense: Even as rising rates lead to lower mortgage demand, some pricing power might emerge for originators, especially when it comes to home buying. Crypto Funds Keep Raising Money, Despite Market Meltdown: Money keeps flowing into crypto, running against the steady stream of bad news and market meltdowns. |
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| Investors Protest Executive Pay at JPMorgan, Intel and Coca-Cola: Nonbinding ‘say on pay’ votes against compensation packages for chief executives are aimed at influencing board decisions. |
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| Buying a Dream Home? In This Market? For Some Buyers, a Remodel or Teardown Makes More Sense: Here are some things to consider if you’re deciding between renovating a property or tearing it to the ground. In This Economy, Getting Fired Takes Hard Work: Companies are putting up with poor performers in a tight labor market because there’s no guarantee of finding someone better. |
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 | | ILLUSTRATION BY STEVEN SALERNO |
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| Would You Stay at a Hotel If It Came With a Free Therapist?:
Travel companies are embracing wellness travel as pandemic-weary vacationers hit the road. |
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| The Wealth Adviser Briefing covers topics of interest to wealth managers, financial planners and other advisers. The content is curated by the Dow Jones Newswires team using articles from the Newswires, Barron's, MarketWatch and The Wall Street Journal. The briefing is delivered to subscribers by email each workday morning at 6:30 a.m. ET. You can sign up here (https://www.wsj.com/newsletters) for email delivery. Enjoying this newsletter? Get more from WSJ and support our journalism by subscribing today with this special offer. |
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