Here's our big beautiful roundup of interesting articles on investing, personal finance, and stewardship. Thanks for reading!
Performance at the half-year mark — nothing expected (Mark Rzepczynski, Disciplined Systematic Global Macro Views). Investors focus on downside uncertainty. But there is also "upside uncertainty" — the possibility of a positive reaction to the unexpected.
The week in charts (Charlie Bilello, Bilello Blog). Not only are foreign stocks having a banner year so far, but every major asset class is currently showing a 2025 gain.
Extreme concentration in the S&P 500 (Apollo Academy). The renewed concentration in big tech "is obviously not good for investors seeking to diversify their investments across 500 different companies."
Bitcoin breaks fresh record, topping $113,000 (CoinDesk). "The rally is supported by strong ETF inflows, corporate adoption, and a favorable regulatory environment."
Tax provisions in the One Big Beautiful Bill Act (Journal of Accountancy). Not surprisingly, a "big" bill has many provisions.
The One Big Beautiful Bill's SGO tax credits: What we know and don't yet know (Roth&Co). Attention donors: The new law authorizes a tax credit (starting in 2027) for taxpayers who donate to Scholarship Granting Organizations, i.e., charitable entities that provide scholarships to K-12 students.
The retirement rule of $1 more (Kiplinger). Be careful out there: Cross certain tax thresholds by even a dollar, and "you might trigger higher Medicare premiums, bump more of your Social Security into the taxable column, and lose out on capital gains breaks."
Stewarding until the Master's return (Jill Foley Turner, National Christian Foundation). The underrated power of trust and faithfulness.
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