Good morning!

President Trump’s latest tax bill, dubbed the "One Big Beautiful Bill," is a sweeping package that extends his 2017 tax cuts while introducing new provisions. It aims to permanently lower individual tax rates, raise the standard deduction, and increase tax breaks for businesses.

But what does this bill mean for you? Join me Thursday, June 26, at 10 a.m. PDT for a timely webinar, What That Big New Tax Bill Means for You: Tax Cuts and Growth Opportunities of the New Legislation. I'll cut through the complexities and get right to the heart of what it means for you and your family.



Can't make it? Register anyway to receive a link to the webinar after it concludes so you can watch it at your leisure. Also, feel free to share the invite with anyone you know who wants to know more about the new legislation.

Thursday, June 26 @ 10 a.m. PDT

RSVP now to join live or

watch it later at your convenience!

Wall Street is dealing with a lot this week, even with the Juneteenth Federal holiday downtime on Thursday. In addition to the ongoing Israel-Iran conflict, there's a Fed rate announcement on Wednesday, as well as a G7 summit in Canada. Here's what's happening ...

• The stock market is making a comeback at the start of the week, thanks to a bit of relief in the rising oil prices as global markets keep an eye on the Israel-Iran situation. Stocks got a boost after The Wall Street Journal reported that Iran is signaling it wants to end the conflict and resume talks about its nuclear programs. U.S. equity futures bounced back pre-market to kick off the new trading week, recovering from last Friday's 1%+ drop. Meanwhile, WTI crude oil futures are down 1.3% to $72.04 a barrel, though that's still up from about $60 at the start of June. *

• The Fed meets this week, and analysts expect the central bank to stick to its current 4.5% rate as they weigh numerous unknowns, including the all-out hostilities between Israel and Iran. The Fed, led by Chair Jerome Powell, is facing mounting political heat to accelerate rate cuts, with President Trump publicly slamming Powell for not acting sooner. Speaking last Thursday, Trump warned he “may have to force something” to push the Fed toward a full percentage point cut, though he added he doesn’t plan to remove Powell before his term ends in 2026 — a move likely to spark legal challenges. Trump has pointed to easing inflation as justification for rate cuts. But Powell and other Fed officials have recently signaled they're more concerned about the inflationary impact of Trump’s tariffs than the potential rise in unemployment. **

• EARLY A.M. UPDATE: President Trump left the G7 summit yesterday, suggesting the reason he didn't want to stay in Canada was because he couldn't confidentially monitor developments in the Middle East. World leaders have gathered in the Canadian Rockies this week for the G7 summit, but the event is being overshadowed by the conflict between Israel and Iran and President Trump’s ongoing trade battles. The sudden flare-up in the Middle East caught many off guard, adding to an already chaotic global outlook. U.K. Prime Minister Keir Starmer said he’s spoken with Trump, Netanyahu, and others to try to defuse the crisis and expects those talks to ramp up at the summit. Meanwhile, with leaders lining up to convince Trump to hold off on more tariffs, the summit’s shaping up to be more about one-on-one sideline chats than a unified front. Britain and the U.S. recently struck a trade deal cutting tariffs on U.K. autos and metals, but it's still waiting to kick in — and despite Trump’s unpredictability, U.K. officials say they’re not sweating it. ***

The financial advisors at Miramontes Capital diligently keep up with anything that can impact our clients' finances and tap into more than 175 years of combined investment experience. We do our all to keep your money protected and growing. If you think you might benefit from our financial experience and oversight, contact us today for a FREE, no-obligation consultation. Just call (800) 460-1595. Until next week...

Investment Advisory Services offered through Miramontes Capital, LLC. Securities offered through Balanced Security Planning, Inc. Member FINRA/SIPC. Miramontes Capital, LLC and Balanced Security Planning, Inc. are separate companies affiliated through common control. This newsletter is solely for informational purposes. Advisory services are only offered to clients or prospective clients where Miramontes Capital, LLC and its representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Miramontes Capital, LLC unless a client service agreement is in place.