• Skip to primary navigation
  • Skip to main content
  • Skip to footer
Crown Haven Wealth Advisors Carmel, Indiana

Crown Haven Wealth Advisors

Specializing in working with retirees and pre-retirees in developing investment, income and estate plans in the Carmel and Indianapolis areas of Indiana.

  • Home
  • Who We Are
    • Our Team
    • Community
    • Frequently Asked Questions
    • Testimonials
    • Reviews
    • Jobs
  • Who We Serve
    • High-Net-Worth Individual
    • Individual Investor
    • Retirement Planning
    • Small Business Owner
    • Young Professional
  • Financial Planning
    • Relationship Visit
    • Portfolio Diagnostic
    • RetireSHIELD® Plan Design
    • Advanced Tax Planning
    • Long-Term Healthcare & Estate Planning
  • Resources
    • Blog
    • Investing & Retirement Guides
    • Media Appearances
    • Smart Money Podcast
  • Contact Us

5/23/22 Wealth Management Insights

Brush with a Bear
The year-to-date sell-off in stocks accelerated, as the major U.S. Indexes fell around 3% to 4% for the week. The S&P 500 barely avoided entering a bear market at Friday’s close after having briefly fallen earlier in the afternoon to a level 20% below its record high set on January 3, 2022. The S&P 500’s weekly losing streak now stands at seven weeks in a row, the longest since 2001.

Retail Resilience
Retail sales rose at a 0.9% pace relative to the previous month, marking the fourth straight month of higher spending. However, retail sales aren’t adjusted for inflation, so sales figures tend to rise in tandem with price increases, which erode consumers’ buying power.

Currency Convergence
The year-to-date strengthening of the U.S. dollar relative to the euro has brought the value of the two currencies closer to parity. As of Friday, the dollar had gained about 7% year to date on the European Union’s common currency, leaving the value of a single euro at about $1.05. The last time the two currencies reached parity was in late 2002.

Top News to Watch this Week

Worth Watching
With monetary policy and inflation front and center these days, the pending releases of two reports are likely to attract plenty of attention in the new week. On Wednesday, the U.S. Federal Reserve is scheduled to release minutes from its policy meeting in early May. On Friday, the government will update its Personal Consumption Expenditures Price Index, the Fed’s preferred gauge for tracking inflation.

Footer

Quick Links

About Us
Financial Planning
RetireSHIELD®
Our Team
Blog
FAQs
Disclosure Information

Contact Us

Crown Haven Wealth Advisors
11555 N Meridian Street
Suite #560
Carmel, IN 46032
Driving Directions
317-564-4691

Follow Us

LinkedIn
Facebook
Instagram
YouTube
iTunes
Spotify

Copyright © 2022 · Crown Haven LLC


Investment Advisory Services offered through Crown Haven Wealth Management, LLC.
Insurance Products offered through Crown Haven Wealth Advisors, LLC
Tel: 317-564-4691
Crown Haven’s Form ADV | Disclaimer | Privacy Notice

Crown Haven Wealth Management LLC is a state registered investment adviser under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply any level of skill or training. Information presented is for educational purposes only and is not intended as an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.