Community News July 2022

Summer is here, hope you had a great 4th of July! The Dodgers are leading the National League West and the Angels are up and down. Their star pitcher Ohtani struck out 13 batters and is hitting home runs, inviting comparisons to a young Babe Ruth. Congrats to the Golden State Warriors on their championship! The Lakers need a blockbuster trade to turn things around. Gas prices are now the highest ever, $6 plus with 14 cents of that in federal taxes and over 53 cents in state taxes. Stocks have now hit a “bear market” range with major indexes down 20% or more. Bitcoin is down from a high of $69k to below $20k. Inflation has hit over 8%, not seen since the late 70’s. Certainly a challenging investment environment. Will the US economy skirt a recession? Experts calling it both ways, time will tell. Check out the Fun Box at the Del Amo Mall for family fun from July to September.