May moved to recalibrate after the rollercoaster of April, amid ongoing tariff uncertainty and mixed economic signals. In EP 05, Joey Ott and Darlene Kuipers unpack: Company Earnings: Q1’s unexpected reports despite the headlines. Tariff Update: Ongoing negotiation impact on earnings margins. GDP Estimates: Negative, but less concerning than anticipated. The media’s constant headlines can be overwhelming. This episode cuts through the noise with clarity and practical insight because nobody is writing an article specifically about your portfolio. Listen in to focus on what matters to you and your situation. Disclosures Past performance does not determine future results. Securities offered through Harbour Investments, Inc. Member FINRA/SIPC. Investment advisory services offered through LVZ, Inc. LVZ, Inc. is a federally registered investment adviser. Learn more at www.lvzinc.com. This was recorded on May 29, 2025. This is provided for informational purposes only and should not be construed as investment advice. References to specific portfolios should not be considered a recommendation. At the time of this recording, LVZ, Inc. may hold positions in the companies mentioned. Data and analysis does not represent the expected future performance of any investment product or strategy. Gross domestic product (GDP) is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period. As a broad measure of overall domestic production, it functions as a comprehensive scorecard of a given country’s economic health. The CME Group FedWatch tool calculates unconditional probabilities of Federal Open Market Committee (FOMC) meeting outcomes to generate a binary probability tree. CME Group lists 30-Day Federal Funds Futures (FF) futures, prices of which incorporate market expectations of average daily Federal Funds Effective Rate (FFER) levels during futures contract months. (E.g., the market price of FFU5 reflects the market consensus expectation of the average FFER level during the month of September 2015.) The FFER is published by the Federal Reserve Bank of New York each day, and is calculated as a transaction-volume weighted average of the previous day’s rates on trades arranged by major brokers in the market for overnight unsecured loans between depository institutions. Earnings per share (EPS) is calculated as a company's profit divided by the outstanding shares of its common stock. The resulting number serves as an indicator of a company's profitability. Price-to-earnings (P/E) ratio is a valuation metric used to evaluate the current market price of a company's stock relative to its earnings per share (EPS). It is calculated by dividing the current market price of a stock by its earnings per share (EPS). The P/E ratio provides insight into how much investors are willing to pay per dollar of earnings generated by the company. A higher P/E ratio suggests that investors are willing to pay more for each dollar of earnings, indicating that the stock may be overvalued. Conversely, a lower P/E ratio suggests that the stock may be undervalued, as investors are paying less for each dollar of earnings. P/E ratio is commonly used to compare the valuation of different stocks within the same industry or sector, as well as to assess the overall valuation of the stock market. Moody’s Credit Rating is an independent assessment of the government’s ability to repay debt, either in general terms or regarding a specific financial obligation.