Stifel Financial Corp.

As school kicks off for the fall, hear what a few of our interns enjoyed about spending their summer with Stifel. If you’re interested in joining us next summer, keep an eye out for when applications open! #StifelIntern

FOLIA (Fear of Losing it All) and FOMO (Fear of Missing Out) are both emotional responses that investors may experience during both gains and losses. However, studies show that FOLIA trumps FOMO, as losses hurt about twice as much as gains make you feel good. This phenomenon highlights the significant psychological impact of potential losses on investors’ decisions. The chart illustrates that overcoming losses takes more than the loss itself, especially if income is being taken from the portfolio. There are many solutions to help protect from FOLIA. Reach out to your Stifel financial advisor for information. 

Laundry is a dreaded task for many, with most people forgetting to move their clothes from the washer to the dryer. Take our quiz below and check your answer in this week’s edition of Stifel Bits: https://lnkd.in/gByscqMX

Meet Larry Zartarian, a Portfolio Manager with Stifel affiliate 1919 Investment Counsel in San Francisco, California. Outside of 1919 Investment Counsel, Larry sits on the board of the nonprofit Pacific Pinball Museum as president and chairman, continuing to build on a love story with pinball that started as a young boy. As a boy, Larry would travel with his mother, grandmother, and brother from Fresno to Santa Cruz for a weeklong vacation each summer. While there, he and his brother would frequent the boardwalk arcades and spend hours playing various games, including pinball. Larry became so skilled at pinball that he learned how to turn the $.50 he was given every day by his grandmother into a profit! Larry continued honing his pinball skills, and in the early ’90s began collecting and refurbishing machines. He started slowly, filling his basement with 7 to 10 machines at any given time, and by the late ’90s, he was renting a storage unit to house nearly 125 machines! His collection has since grown to over 450 games, which he has donated to the museum, and consists mostly of machines from 1947 to 1972 – what Larry refers to as the “Golden Age of Pinball.” Around the time he started collecting, Larry met Michael Schiess, the owner and founder of the Lucky Juju Arcade – what would later become the Pacific Pinball Museum. The mission of the Pacific Pinball Museum (PPM) is “To inspire an interest in science, art, and history through pinball, and to preserve and promote this important part of American culture.” With around 100 machines set up for free play at any time, visitors can pay a daily fee, or have a yearly membership. The mission of the PPM resonates deeply with Larry. “We’re trying to preserve and promote pinball, because it is a very unique American phenomenon. It was not anywhere near as pervasive around the world as it was here.” In fact, pinball has a storied American history. It was illegal in many states from the early 1940s to 1976 because of its perceived ties to gambling. It was seen as a game of chance as opposed to a game of skill.  In 1976, pinball historian Roger Sharpe played in front of a New York City council to demonstrate that pinball was indeed a game of skill. After thoroughly proving the skills required to “win big,” the ban was lifted and August 1 (Roger’s birthday) has recently become designated as “National Pinball Day.” Looking to the future of the PPM, the dream is to have a permanent home where all 1,300 games in the museum’s possession can be displayed and enjoyed. “We have all these machines, and the majority of them are just sitting in the dark, not even set up and played. These games are meant to be played, and it breaks my heart when I walk into our warehouse and I just see these games sitting here doing nothing.” With a larger, permanent home, they plan to expand on the science, art, and history of pinball, and make it a true “Smithsonian Museum for Pinball.” #PeopleofStifel

In this #StifelSightLines, we review the second quarter “earnings season,” unpacking the quarter’s results so far, as well as implications for the future, including AI and the potential for a consumer slowdown. To learn more and watch the full video, visit www.stifelinsights.com

As a 40-year industry vet and former A.G. Edwards Regional Director, John Lee knows good leadership and culture when he sees it. As a firm, we put our advisors first by embracing entrepreneurship and simply relying on the lost art of “common sense” to find solutions for their business and clients. It’s no surprise we were ranked #1 in Leadership and Culture by J.D. Power. Come have some fun with us: choosestifel.com For J.D. Power 2024 award information, visit jdpower.com/award. Compensation provided for using, not obtaining, the award.

While there’s no “playbook” for predicting sector performance in election years, but our look at the last eight elections shows all S&P 500 sectors were on the rise after the ballots were cast.

Please join us in welcoming John Walsh to our Palm Beach Gardens office!   Learn more about why John chose Stifel: www.choosestifel.com   #WhereSuccessMeetsSuccess #ChooseStifel

Market experts have been focused on a softening job market, weaker manufacturing, and a rate hike in Japan as drivers of recent market moves. In this #StifelSightLines, we review these catalysts for the recent market volatility and explore the potential for breakout markets going forward, in one direction or the other. To learn more and watch the full video, visit www.stifelinsights.com

Equities rose today, with the information technology and communication services sectors performing best. To read the full piece click here: https://lnkd.in/exK-xz8q