Hello, Hockey Family!
We’re kicking off this week’s update with a quick look back at the weekend, some important announcements, and a snapshot of the latest economic and market news.
A Rainy Weekend and a Fun Outing
Charleston saw a rainy stretch this past weekend, but that didn’t stop some quality family time. Nash, the older son, enjoyed an adventure to the USS Yorktown aircraft carrier in Charleston Harbor — complete with fighter jets, destroyers, and all things Top Gun. Even though the rain was pouring, the trip was a hit. Sometimes, embracing the weather pays off.
Preseason Reviews Coming Soon
We are less than two weeks away from preseason reviews. If you haven’t signed up yet, now’s the time!
- Why it matters: The earlier you schedule, the more time we have to prepare, which means better results for you.
- How to schedule: Reach out today and secure your spot before we have to start chasing you down.
NIL Planning & Tax Opportunities for Young Players
The team has been busy digging into the details of Name, Image, and Likeness (NIL) opportunities, especially for young athletes — including those coming from Canada on F1 student visas.
Why this matters:
- There are significant tax planning opportunities for players as young as 17 or 18.
- Funding certain accounts early, especially tax-free, can create massive long-term advantages thanks to the power of compound growth.
- We’ll be sharing more on this in the coming weeks to ensure no one misses out.
Market Recap – A Strong Week for Global Markets
Last week was a good one for markets globally, with gains largely driven by corporate earnings.
Key points:
- 90% of S&P 500 companies have now reported quarterly results.
- 82% beat analyst estimates.
- Earlier this year, many analysts lowered expectations due to tariff and trade concerns — but the slowdown they predicted hasn’t materialized.
- The U.S. Services PMI hit 55.7, the highest mark of the year, showing strength in the economy.
What to Watch This Week
Several important pieces of economic data are on deck:
- Tuesday: CPI (Consumer Price Index) – key inflation reading.
- Thursday: PPI (Producer Price Index) – another measure of inflation.
- Weekly Jobless Claims: This week’s report is particularly interesting after last Friday’s jobs report hinted at a possible slowdown.
With interest rates remaining high, all eyes are on whether the economy will finally start cooling in line with the Federal Reserve’s goals.
The Season is Coming Fast
It’s hard to believe, but we’re already halfway through August.
- NHL training camps are just over a month away.
- The season kicks off in less than two months.
We’ve got a busy week ahead connecting with people, planning, and prepping for the exciting months to come.