In this month’s newsletter, we’re sharing Tyler Craig, CFA’s second quarter market update, including his perspective on what drove markets and what investors should be watching from here. We also feature an article on why some corporations are beginning to scale back their AI ambitions after a period of aggressive investment and high expectations.

 We also wrap up this month’s newsletter with a peek into the lives of the Barry Investment Advisors team in Beyond the Desk.

If you have inquiries about the investment markets or your tailored wealth management strategy, please don’t hesitate to reach out to us!

Best Regards,

The Barry Team

ON OUR MINDS THIS MONTH

In his latest market report, BIA's Portfolio Manager Tyler Craig, CFA takes a timely look at the excitement surrounding SpaceX, artificial intelligence, and other transformative technologies.

THIS MONTH'S MARKET LENS

 This chart compares the current AI investment boom with earlier periods when major innovations attracted huge amounts of capital, including railways in the late 1800s and the dot-com era at the turn of the 21st century. AI stands out because investment has ramped up very quickly in the early years of this cycle. That could echo the pattern from the dot-com frenzy. The technology and demand may be real, but if too much money chases the same obvious opportunity, capacity can be overbuilt and investment cycles can shift from exuberance to volatility. 

WISDOM WORTH REPEATING

"The more intense the craze, the higher the type of intellect that succumbs to it."

-Hans F. Sennholz

BEYOND THE DESK

Whitney's son attended prom!

Andrew's daughter performed "Horton the Sweet Elephant" in her first ballet recital!

Andrew's older daughter graduated from preschool!

Janieva's daughter did amazing in her dance recital and graduated preschool!

COMMENTS, COMPLIMENTS, & CRITIQUES

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