Relatable Finance

Relatable Finance Podcast

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Chart of the Week - April 21, 2025
The chart of the week examines earnings revisions by S&P 500 companies since 2020. Nearly 50% of companies have lowered their earnings estimates, which is understandable given the current economic uncertainty. A key element of the investment puzzle is how to value companies, in this case all the firms in the S&P 500. Even if prices remain unchanged, if expected earnings continue to decline, companies will increasingly appear more expensive from a valuation perspective. Achieving clearer expectations for future earnings will require time, and prices will fluctuate as these expectations evolve. Until some of this uncertainty is behind us, continued volatility should be expected.
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Chart of the Week - April 14, 2025
This week’s chart examines debt levels over time across various sectors of the U.S. economy. Recently, there has been growing concern over the rising levels of federal debt, which now exceed the nation's annual GDP. The current administration has proposed several initiatives to reduce public debt, including generating revenue through tariffs, implementing tax cuts, and improving government efficiency. On the other hand, the rise in government borrowing in recent years has coincided with deleveraging among households, corporate America, and municipalities. Whether potential tariffs might trigger a recession remains uncertain; however, the relatively healthy balance sheets of consumers and businesses provide reassurance that any potential U.S. recession may be relatively mild.
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Chart of the Week - April 7, 2025
This week's chart reveals a significant change: for the first time in many years, international equity markets have outperformed the US equity market by over 11% in a single quarter. The last time we saw such a substantial difference in favor of international markets was in 1988. While it's crucial to note that one quarter of performance does not guarantee future results, this trend may reflect growing concerns about the US economy, tariff issues, and the fact that international markets are currently trading at a considerable discount compared to US markets. Many portfolios in the US are heavily underweighted in international equities, making it an opportune time to reassess your portfolio.
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Chart of the Week - March 31, 2025
Our chart of the week compares annual S&P 500 returns with those excluding the 10 best market days. We often caution against market timing, as the best days tend to cluster around the worst days. Missing these key days can significantly harm annual returns; only a handful of years since 2000 yielded positive returns without them. Notably, the average return over this period was -12.5% for those who missed these days, compared to the long-term average of 10% for investors who stayed the course through market volatility. While large down days can be unsettling, it's important to remember that markets are forward-looking, and positive surprises often follow periods of low expectations.
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About Us

We’re Shane Phillips and Evan Dunayer, the hosts of Relatable Finance. We’ve been working together at Provenance Wealth Advisors (PWA) since 2022, and we’re both based in South Florida. With backgrounds in financial planning and a shared commitment to making finance approachable, we’re excited to bring you insights from our experience as Certified Financial Planners (CFP®).

Relatable Finance was born from our shared passion for simplifying complex financial topics. Every other week, we release episodes focused on breaking down essential financial concepts, discussing the various risks and opportunities investors encounter, and providing our take on current events impacting the financial world.

Our goal is to make finance and investing accessible, engaging, and relevant to your life. We hope you find our podcasts both informative and enjoyable. Happy listening!

 
Learn More

The Relatable Finance Podcast is proudly sponsored by Provenance Wealth Advisors.
To learn more, check out our website. 
www.provwealth.com 

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Have topics you would like to hear on our podcast? Let us know.

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