Dinner before dessert

Views are as of the date above and are subject to change based on market conditions and other factors. These views should not be construed as a recommendation for any specific security or sector.

Investing in equities is speculative and involves substantial risk.

International investing involves special risks including currency risk, increased volatility, political risks, and differences in auditing and other financial standards.

Value stocks may lag growth stocks in performance, particularly in late stages of a market advance.

Due to their relatively high valuations, growth stocks are typically more volatile than value stocks.

Magnificent Seven: Moniker for seven mega-cap tech-related stocks Amazon, Apple, Google-parent Alphabet, Meta, Microsoft, Nvidia and Tesla.

Issued and approved by Federated Advisory Services Company

1521755532