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      <image:title>Insights &amp; Perspectives - Q2 - 2026 Wrap Up - Make it stand out</image:title>
      <image:caption>Fed funds rate forecast with the latest FOMC dot plot (June 17, 2026). Source: StreetStats, as of July 6, 2026.</image:caption>
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      <image:title>Insights &amp; Perspectives - Q2 - 2026 Wrap Up - Make it stand out</image:title>
      <image:caption>Personal consumption expenditures deflator, headline vs. core, yearly percent change. Source: Yardeni Research and LSEG Datastream.</image:caption>
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      <image:title>Insights &amp; Perspectives - Q2 - 2026 Wrap Up</image:title>
      <image:caption>Total assets of the Federal Reserve, European Central Bank, Bank of Japan, and People’s Bank of China, in trillions of dollars. Source: Yardeni Research and LSEG Datastream, as of early July 2026.</image:caption>
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      <image:title>Insights &amp; Perspectives - Q2 - 2026 Wrap Up</image:title>
      <image:caption>U.S. Dollar Index (DXY), weekly, with 50-, 100-, and 200-week moving averages. Source: TradingView.com.</image:caption>
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    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/6a31a336ca4952654a0ba9fc/4ffcb4cc-1f15-4e43-8ca4-b3ec5a593066/Graph+5.jpg</image:loc>
      <image:title>Insights &amp; Perspectives - Q2 - 2026 Wrap Up</image:title>
      <image:caption>Global M2 money supply vs. the S&amp;P 500, plotted on a 3-month lag. Source: StreetStats.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/6a31a336ca4952654a0ba9fc/e8feb949-ac49-415d-b8d8-812812b6137c/Graph+6.jpg</image:loc>
      <image:title>Insights &amp; Perspectives - Q2 - 2026 Wrap Up</image:title>
      <image:caption>Forward P/E ratios: S&amp;P 500 large cap vs. S&amp;P 400 mid cap and S&amp;P 600 small cap. Source: Yardeni Research and LSEG Datastream, as of June 24, 2026.</image:caption>
    </image:image>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/6a31a336ca4952654a0ba9fc/8b6091bc-f34d-4bd1-90c3-cd70299f06af/Graph+7.jpg</image:loc>
      <image:title>Insights &amp; Perspectives - Q2 - 2026 Wrap Up</image:title>
      <image:caption>Shiller P/E (P/E 10), percentage deviation from its arithmetic mean. Source: Advisor Perspectives / VettaFi, as of May 2026.</image:caption>
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    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/6a31a336ca4952654a0ba9fc/d39eaa9d-31a2-402a-b53d-805d25a4d354/Graph+8.jpg</image:loc>
      <image:title>Insights &amp; Perspectives - Q2 - 2026 Wrap Up</image:title>
      <image:caption>FINRA margin debt and the S&amp;P 500, inflation-adjusted, with long-term trendlines. Source: Advisor Perspectives / VettaFi, as of May 2026.</image:caption>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/6a31a336ca4952654a0ba9fc/0c5383bf-2acf-468a-8d2c-61d8041b241d/Graph+9.jpg</image:loc>
      <image:title>Insights &amp; Perspectives - Q2 - 2026 Wrap Up</image:title>
      <image:caption>S&amp;P 500, weekly, with 50-, 100-, and 200-week moving averages. Source: TradingView.com.</image:caption>
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      <image:title>Insights &amp; Perspectives - Q l - 2026 Wrap Up - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
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      <image:title>Insights &amp; Perspectives - Q l - 2026 Wrap Up - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
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      <image:title>Insights &amp; Perspectives - Q l - 2026 Wrap Up - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
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      <image:title>Insights &amp; Perspectives - Q l - 2026 Wrap Up - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
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      <image:title>Insights &amp; Perspectives - Q l - 2026 Wrap Up - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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      <image:title>Insights &amp; Perspectives - Q l - 2026 Wrap Up - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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      <image:title>Insights &amp; Perspectives - Q l - 2026 Wrap Up - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
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      <image:title>Insights &amp; Perspectives - Q l - 2026 Wrap Up - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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