In this week's Zhang Financial Market Outlook podcast, Rob details a week of positive economic data, with retail sales and initial jobless claims coming in better than expected. The big event of the week was the Federal Reserve meeting, in which interest rates were lowered 0.25% (as expected). The S&P rose 1.25% and is now +14.4% YTD. While strong, it still trails international markets, which have seen +22.2% growth in 2025.

Disclosures:
These materials have been designed for general informational and educational purposes only and do not constitute an offer to sell or a solicitation of an offer to buy any security. Such offers can only be made where lawful under applicable law. These materials have been prepared and derived on the basis of publicly available information, internally developed data and other third party sources believed to be reliable. Zhang Financial LLC has not sought to independently verify information obtained from public and third party sources. No representation, warranty or undertaking, stated or implied, is given as to the accuracy or completeness of the information contained herein. Zhang Financial LLC expressly disclaims any liability for the accuracy and completeness of this information. All opinions and views constitute judgments as of the date of writing without regard to the date on which the reader may receive or access the information, and are subject to change at any time without notice and with no obligation to update. To the extent that these materials contain statements about the future, such statements are forward looking and subject to a number of risks and uncertainties. This information is intended solely for the information of those to whom it is distributed by Zhang Financial LLC. No part of these materials may be reproduced or retransmitted in any manner without the prior written permission of Zhang Financial LLC. Zhang Financial LLC does not intend to provide investment advice through these materials and does not represent that any market position, economic forecast, securities or services are suitable for any investor. Investors are advised not to rely on these materials in the process of making a fully informed investment decision and they do not render business, tax or legal advice. Each client or prospective client should consult his/her own attorney, business advisor and tax advisor as to legal, business, tax and related matters concerning the information contained herein. The information, opinions and views contained herein have not been tailored to the investment objectives of any one individual, are current only as of the date noted and may be subject to change at any time without prior notice. Past performance does not guarantee future results. All investing involves risk of loss including the possible loss of principal.

In this week's Zhang Financial Market Outlook podcast, Rob covers a mixed bag of economic data from last week : PPI and core PPI were favorable, yet initial jobless claims came in above expectations. Additionally, an incongruence exists between consumer sentiment and actual consumer spending. These data points will factor into the Federal Reserve's interest rate decision, to be announced Wednesday, with a cut of 0.25-0.5% expected.

Disclosures:
These materials have been designed for general informational and educational purposes only and do not constitute an offer to sell or a solicitation of an offer to buy any security. Such offers can only be made where lawful under applicable law. These materials have been prepared and derived on the basis of publicly available information, internally developed data and other third party sources believed to be reliable. Zhang Financial LLC has not sought to independently verify information obtained from public and third party sources. No representation, warranty or undertaking, stated or implied, is given as to the accuracy or completeness of the information contained herein. Zhang Financial LLC expressly disclaims any liability for the accuracy and completeness of this information. All opinions and views constitute judgments as of the date of writing without regard to the date on which the reader may receive or access the information, and are subject to change at any time without notice and with no obligation to update. To the extent that these materials contain statements about the future, such statements are forward looking and subject to a number of risks and uncertainties. This information is intended solely for the information of those to whom it is distributed by Zhang Financial LLC. No part of these materials may be reproduced or retransmitted in any manner without the prior written permission of Zhang Financial LLC. Zhang Financial LLC does not intend to provide investment advice through these materials and does not represent that any market position, economic forecast, securities or services are suitable for any investor. Investors are advised not to rely on these materials in the process of making a fully informed investment decision and they do not render business, tax or legal advice. Each client or prospective client should consult his/her own attorney, business advisor and tax advisor as to legal, business, tax and related matters concerning the information contained herein. The information, opinions and views contained herein have not been tailored to the investment objectives of any one individual, are current only as of the date noted and may be subject to change at any time without prior notice. Past performance does not guarantee future results. All investing involves risk of loss including the possible loss of principal.

In this week's Zhang Financial Market Outlook Podcast, Rob recaps a relatively stable week of market movement in the US, while international markets dipped slightly. Pricing reflects a 90% probability of an interest rate cut in September by the Federal Reserve, while the Atlanta Fed raised their Q3 GDP forecast from +2.3% to +3.5%.

Disclosures:
These materials have been designed for general informational and educational purposes only and do not constitute an offer to sell or a solicitation of an offer to buy any security. Such offers can only be made where lawful under applicable law. These materials have been prepared and derived on the basis of publicly available information, internally developed data and other third party sources believed to be reliable. Zhang Financial LLC has not sought to independently verify information obtained from public and third party sources. No representation, warranty or undertaking, stated or implied, is given as to the accuracy or completeness of the information contained herein. Zhang Financial LLC expressly disclaims any liability for the accuracy and completeness of this information. All opinions and views constitute judgments as of the date of writing without regard to the date on which the reader may receive or access the information, and are subject to change at any time without notice and with no obligation to update. To the extent that these materials contain statements about the future, such statements are forward looking and subject to a number of risks and uncertainties. This information is intended solely for the information of those to whom it is distributed by Zhang Financial LLC. No part of these materials may be reproduced or retransmitted in any manner without the prior written permission of Zhang Financial LLC. Zhang Financial LLC does not intend to provide investment advice through these materials and does not represent that any market position, economic forecast, securities or services are suitable for any investor. Investors are advised not to rely on these materials in the process of making a fully informed investment decision and they do not render business, tax or legal advice. Each client or prospective client should consult his/her own attorney, business advisor and tax advisor as to legal, business, tax and related matters concerning the information contained herein. The information, opinions and views contained herein have not been tailored to the investment objectives of any one individual, are current only as of the date noted and may be subject to change at any time without prior notice. Past performance does not guarantee future results. All investing involves risk of loss including the possible loss of principal.

In this week's Zhang Financial Market Outlook Podcast, Rob covers the market's upswing on Friday 08/22 after Federal Reserve Chair Jerome Powell seemed to indicate a forthcoming interest rate cut in September. The positivity brought the S&P 500 to +0.3% for the week, driven largely by companies outside the Magnificent 7. Elsewhere, the Atlanta Federal Reserve is projecting +2.3% GDP growth for Q3 2025.

Disclosures:
These materials have been designed for general informational and educational purposes only and do not constitute an offer to sell or a solicitation of an offer to buy any security. Such offers can only be made where lawful under applicable law. These materials have been prepared and derived on the basis of publicly available information, internally developed data and other third party sources believed to be reliable. Zhang Financial LLC has not sought to independently verify information obtained from public and third party sources. No representation, warranty or undertaking, stated or implied, is given as to the accuracy or completeness of the information contained herein. Zhang Financial LLC expressly disclaims any liability for the accuracy and completeness of this information. All opinions and views constitute judgments as of the date of writing without regard to the date on which the reader may receive or access the information, and are subject to change at any time without notice and with no obligation to update. To the extent that these materials contain statements about the future, such statements are forward looking and subject to a number of risks and uncertainties. This information is intended solely for the information of those to whom it is distributed by Zhang Financial LLC. No part of these materials may be reproduced or retransmitted in any manner without the prior written permission of Zhang Financial LLC. Zhang Financial LLC does not intend to provide investment advice through these materials and does not represent that any market position, economic forecast, securities or services are suitable for any investor. Investors are advised not to rely on these materials in the process of making a fully informed investment decision and they do not render business, tax or legal advice. Each client or prospective client should consult his/her own attorney, business advisor and tax advisor as to legal, business, tax and related matters concerning the information contained herein. The information, opinions and views contained herein have not been tailored to the investment objectives of any one individual, are current only as of the date noted and may be subject to change at any time without prior notice. Past performance does not guarantee future results. All investing involves risk of loss including the possible loss of principal.

In this week's Zhang Financial Market Outlook Podcast, Rob breaks down a packed week of key inflationary data and economic releases. While inflation readings were mixed, consumer confidence came in slightly lower than expectations, hinting at potential uncertainty. Despite that, equities rose in the US and abroad, with small caps leading the charge. The Russell 2000 surged +3.12% return, the S&P 500 rose 0.99%, and the World ex US index climbed 2.00% over the week.

Disclosures:
These materials have been designed for general informational and educational purposes only and do not constitute an offer to sell or a solicitation of an offer to buy any security. Such offers can only be made where lawful under applicable law. These materials have been prepared and derived on the basis of publicly available information, internally developed data and other third party sources believed to be reliable. Zhang Financial LLC has not sought to independently verify information obtained from public and third party sources. No representation, warranty or undertaking, stated or implied, is given as to the accuracy or completeness of the information contained herein. Zhang Financial LLC expressly disclaims any liability for the accuracy and completeness of this information. All opinions and views constitute judgments as of the date of writing without regard to the date on which the reader may receive or access the information, and are subject to change at any time without notice and with no obligation to update. To the extent that these materials contain statements about the future, such statements are forward looking and subject to a number of risks and uncertainties. This information is intended solely for the information of those to whom it is distributed by Zhang Financial LLC. No part of these materials may be reproduced or retransmitted in any manner without the prior written permission of Zhang Financial LLC. Zhang Financial LLC does not intend to provide investment advice through these materials and does not represent that any market position, economic forecast, securities or services are suitable for any investor. Investors are advised not to rely on these materials in the process of making a fully informed investment decision and they do not render business, tax or legal advice. Each client or prospective client should consult his/her own attorney, business advisor and tax advisor as to legal, business, tax and related matters concerning the information contained herein. The information, opinions and views contained herein have not been tailored to the investment objectives of any one individual, are current only as of the date noted and may be subject to change at any time without prior notice. Past performance does not guarantee future results. All investing involves risk of loss including the possible loss of principal.

In this week's Zhang Financial Market Outlook Podcast, Rob outlines a week that released little economic data but contained robust corporate earnings. 90% of S&P 500 companies have now reported Q2 earnings, with 81% of them exceeding revenue expectations. Equities rose in the US and abroad as a result : the S&P 500 was up 2.44%, and the World ex US index climbed 2.85% over the week.

Disclosures:
These materials have been designed for general informational and educational purposes only and do not constitute an offer to sell or a solicitation of an offer to buy any security. Such offers can only be made where lawful under applicable law. These materials have been prepared and derived on the basis of publicly available information, internally developed data and other third party sources believed to be reliable. Zhang Financial LLC has not sought to independently verify information obtained from public and third party sources. No representation, warranty or undertaking, stated or implied, is given as to the accuracy or completeness of the information contained herein. Zhang Financial LLC expressly disclaims any liability for the accuracy and completeness of this information. All opinions and views constitute judgments as of the date of writing without regard to the date on which the reader may receive or access the information, and are subject to change at any time without notice and with no obligation to update. To the extent that these materials contain statements about the future, such statements are forward looking and subject to a number of risks and uncertainties. This information is intended solely for the information of those to whom it is distributed by Zhang Financial LLC. No part of these materials may be reproduced or retransmitted in any manner without the prior written permission of Zhang Financial LLC. Zhang Financial LLC does not intend to provide investment advice through these materials and does not represent that any market position, economic forecast, securities or services are suitable for any investor. Investors are advised not to rely on these materials in the process of making a fully informed investment decision and they do not render business, tax or legal advice. Each client or prospective client should consult his/her own attorney, business advisor and tax advisor as to legal, business, tax and related matters concerning the information contained herein. The information, opinions and views contained herein have not been tailored to the investment objectives of any one individual, are current only as of the date noted and may be subject to change at any time without prior notice. Past performance does not guarantee future results. All investing involves risk of loss including the possible loss of principal.

In this week's Zhang Financial Market Outlook Podcast, Rob covers last week's release of market data : Despite Q2 GDP growing by 3%, new nonfarm payrolls and revised figures for previous months dragged markets down on Friday. Elsewhere, the Federal Reserve held interest rates steady.

Disclosures:
These materials have been designed for general informational and educational purposes only and do not constitute an offer to sell or a solicitation of an offer to buy any security. Such offers can only be made where lawful under applicable law. These materials have been prepared and derived on the basis of publicly available information, internally developed data and other third party sources believed to be reliable. Zhang Financial LLC has not sought to independently verify information obtained from public and third party sources. No representation, warranty or undertaking, stated or implied, is given as to the accuracy or completeness of the information contained herein. Zhang Financial LLC expressly disclaims any liability for the accuracy and completeness of this information. All opinions and views constitute judgments as of the date of writing without regard to the date on which the reader may receive or access the information, and are subject to change at any time without notice and with no obligation to update. To the extent that these materials contain statements about the future, such statements are forward looking and subject to a number of risks and uncertainties. This information is intended solely for the information of those to whom it is distributed by Zhang Financial LLC. No part of these materials may be reproduced or retransmitted in any manner without the prior written permission of Zhang Financial LLC. Zhang Financial LLC does not intend to provide investment advice through these materials and does not represent that any market position, economic forecast, securities or services are suitable for any investor. Investors are advised not to rely on these materials in the process of making a fully informed investment decision and they do not render business, tax or legal advice. Each client or prospective client should consult his/her own attorney, business advisor and tax advisor as to legal, business, tax and related matters concerning the information contained herein. The information, opinions and views contained herein have not been tailored to the investment objectives of any one individual, are current only as of the date noted and may be subject to change at any time without prior notice. Past performance does not guarantee future results. All investing involves risk of loss including the possible loss of principal.

In this week's Zhang Financial Market Outlook Podcast, Rob outlines a positive week for markets overall, led by inflation data coming in better than expected. The S&P 500 climbed 0.6% and is now up 7.8% YTD. These returns will be tested this upcoming week, with over 20% of the S&P 500 due to report Q2 earnings results.

Disclosures:
These materials have been designed for general informational and educational purposes only and do not constitute an offer to sell or a solicitation of an offer to buy any security. Such offers can only be made where lawful under applicable law. These materials have been prepared and derived on the basis of publicly available information, internally developed data and other third party sources believed to be reliable. Zhang Financial LLC has not sought to independently verify information obtained from public and third party sources. No representation, warranty or undertaking, stated or implied, is given as to the accuracy or completeness of the information contained herein. Zhang Financial LLC expressly disclaims any liability for the accuracy and completeness of this information. All opinions and views constitute judgments as of the date of writing without regard to the date on which the reader may receive or access the information, and are subject to change at any time without notice and with no obligation to update. To the extent that these materials contain statements about the future, such statements are forward looking and subject to a number of risks and uncertainties. This information is intended solely for the information of those to whom it is distributed by Zhang Financial LLC. No part of these materials may be reproduced or retransmitted in any manner without the prior written permission of Zhang Financial LLC. Zhang Financial LLC does not intend to provide investment advice through these materials and does not represent that any market position, economic forecast, securities or services are suitable for any investor. Investors are advised not to rely on these materials in the process of making a fully informed investment decision and they do not render business, tax or legal advice. Each client or prospective client should consult his/her own attorney, business advisor and tax advisor as to legal, business, tax and related matters concerning the information contained herein. The information, opinions and views contained herein have not been tailored to the investment objectives of any one individual, are current only as of the date noted and may be subject to change at any time without prior notice. Past performance does not guarantee future results. All investing involves risk of loss including the possible loss of principal.