Together with Wall Street Favorites

It was an incredible time with many of you at the Rich Habits Retreat (in Austin, TX) + the New York Stock Exchange (in NYC)! Sharing a couple of group pictures below.

Photo Galleries linked here for the Rich Habits Retreat and New York Stock Exchange Event.

A quick breakdown — in case you don’t have the time.

The economy appears to be weakening while stocks keep climbing.

One of the more concerning macro signals right now is the growing divergence between the real economy and the stock market. The ratio of leading to coincident economic indicators has now fallen to 0.84 — matching lows seen during the 2008 Financial Crisis.

The Conference Board’s Leading Economic Index (LEI), which tracks forward-looking data like manufacturing orders, consumer expectations, jobless claims, and weekly hours worked, fell another -0.6% in March and has now declined in 7 of the last 8 months. Meanwhile, the Coincident Economic Index (CEI), which measures what’s happening in the economy today through metrics like payrolls and income, has remained more stable.

Historically, this type of gap has mattered. In prior cycles, these deeply depressed readings have almost never occurred outside of a recessionary environment. The ratio is also on pace for its fifth consecutive annual decline — the longest streak ever recorded.

Wall Street Favorites is a stock research platform that ranks hundreds of stocks every single trading day using a blend of analyst price targets, institutional data, and technical signals — all in one dashboard.

It simplifies decision-making by turning complex data into actionable rankings across multiple lenses like upside potential, momentum, and conviction score. The platform also tracks “smart money” by analyzing thousands of institutional filings, helping investors see where hedge funds and top managers are allocating capital.

In short, it’s built to help investors quickly identify high-conviction opportunities using the same data Wall Street professionals rely on — without the guesswork.

👉 Episode 168: Our Personal Seven Streams of Income

In this week’s Monday-morning episode of the Rich Habits Podcast (linked here) — Austin and Robert get personal and break down their real-life seven streams of income… and how they built them over time.

Instead of giving generic advice, this episode walks through exactly how two multi-millionaires structure their income today — and why building multiple streams is one of the most important long-term wealth strategies.

Here’s what they covered…

The bigger message: wealth isn’t built from one giant paycheck — it’s built by stacking streams of income over years and letting compounding do the heavy lifting.

👉 Q&A: Taking Profits (+280%), ETFs for 50 to 60-Year-Olds, & Real Estate Syndications

Here’s a link to the Q&A episode that was posted on Thursday.

You can submit questions for these episodes by asking them inside of the Rich Habits Network, replying to this email, or sending us a DM on Instagram.

The Rich Habits Podcast is available on Spotify, Apple, iHeart, YouTube, and wherever else you get your content!

History suggests the market will see higher highs before the end of the year.

Despite growing fears around valuations, geopolitics, and slowing economic data, history suggests the market may still have more upside ahead in 2026.

Since 1950, the S&P 500 has never peaked for the year in June and has only peaked in May twice. Historically, market tops tend to occur much later in the year — especially during stronger momentum-driven cycles. December alone accounts for 32 annual highs, more than any other month by a wide margin.

Of course, history doesn’t guarantee outcomes, and every cycle is different. But seasonality and market behavior continue to suggest that calling a final top this early in the year has historically been a low-probability bet.

Even with weakening economic signals beneath the surface, momentum, liquidity, and AI-driven leadership continue pushing markets higher. Until that leadership truly breaks down, the path of least resistance may still be up.

Corporate earnings continue to crush expectations.

So far, 84% of S&P 500 companies have beaten EPS estimates for Q1 2026, marking the strongest earnings beat rate since Q2 2021. Corporate America continues to deliver results well above Wall Street expectations.

Technology remains the standout sector, with an incredible 97% of companies beating estimates, while healthcare and energy have also posted exceptionally strong results. Even more defensive sectors like utilities and consumer staples are seeing solid earnings resilience.

Investors may be worried about the economy, but earnings — which ultimately drive stock prices over the long run — are still holding up remarkably well. That disconnect is a major reason why markets have remained far stronger than many expected in 2026.

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