{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/3a56f25d4bd24bd3b494bad4c71a653f\" frameborder=\"0\" width=\"1920\" height=\"1440\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":1440,"width":1920,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":1440,"thumbnail_width":1920,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/3a56f25d4bd24bd3b494bad4c71a653f-087400f2bb465571.gif","duration":1445.754,"title":"Mid-Year Economic Summit and Tax Update","description":"This Loom provides a mid-year equity market and tax law update, with an emphasis on long-term investing despite volatility. It notes that the S&P 500 rose early in 2026 to new all-time highs, but also highlights sharp swings, including a near 10% drop by late March 2026 tied to Iran-related fears, followed by a rebound. The presenter covers the Fed holding interest rates steady at 3.5 to 3.75 percent, inflation pressures rising in 2026 driven by energy, gasoline, and housing costs, and key data such as April 2026 shelter inflation at 3.3 and a May early average credit card interest rate of 19.57. It discusses bond yields volatility and states that 10-year Treasury yield was 4.47 as of May 14, while expecting possible 10% or greater market corrections in 2026 and advising investors to stay diversified and focused on time in the market. The Loom also mentions upcoming end-of-year proactive tax strategy updates, including provisions referenced as part of the One Big Beautiful Bill Act."}