• Quote of the Week
  

"Whenever you find yourself on the side of the majority, it is time to pause and reflect." - Mark Twain

• The Child Tax Credit- Monthly Payments

  
  We have two videos to share with you this week. First, Austin unpacks the government's decision to send monthly checks to families who qualify for the Child Tax Credit. The payments, which start in July, are an advance of the credit and could face a clawback based on 2021 income. To hear all of the details, click the link below.

• Don't Hide Money From Your Spouse

In our second video, Steve shares a conversation with a friend who received some bad advice. A close friend had suggested that they should start hiding money from their spouse. Steve shares how this could affect your marriage, the precedent it sets and gives some suggestions on how to still enjoy spending money on yourself, with the approval from your spouse. Enjoy!

• United Airlines To Purchase Aircrafts From Boom Supersonic

  
  On Thursday, United Airlines and Boom Supersonic announced the carrier has agreed to purchase 15 supersonic aircrafts from the plane manufacturer, with an option to increase the order to 50 jets. According to The Verge, if the planes pass inspection, the plan is for them to be rolled out in 2025, fly in 2026, and carry passengers by 2029. By then, Boom claims its jets will be able to travel from New York to London in just 3.5 hours. There hasn't been a supersonic commercial jet in operation since Concorde, which was retired in 2003. Check out the plane prototype below.

• Job Creation Accelerated In May

On Friday, the Labor Department reported nonfarm payrolls were up 559,000 in May but were shy of the expectation: 671,000. The unemployment rate fell to 5.8%, which beat estimates. According to CNBC, an alternative measure of unemployment that includes discouraged workers and those holding part-time jobs for economic reasons edged lower to 10.2%. See the graph below for a 15-year history of the U.S. unemployment rate.

Any opinions are those of Barry McCall, Steve Alverson, and Austin Coley and not necessarily those of RJFS or Raymond James. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. There is no assurance any of the trends mentioned will continue or forecasts will occur. The information has been obtained from sources considered to be reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. Investing involves risk and you may incur a profit or loss regardless of strategy selected. This is not a recommendation to purchase or sell the stocks of the companies pictured/mentioned.