Insights

The Cypress Compass

Navigating your financial future can be time consuming – but it doesn’t have to be. Check out The Cypress Compass publication, produced by our team of industry thought leaders. This quarterly publication brings you important topics all-in-one place. Here you’ll find financial market trends to keep you informed.

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Vero Beach Ribbon Cutting & Holiday Kickoff Celebration!

We had a fantastic time celebrating the grand reopening of our newly remodeled Vero Beach office with a Ribbon Cutting & Holiday Kickoff Celebration! Thank you to everyone who joined us for an evening filled with delicious food, live music, and holiday cheer. It was a wonderful opportunity to connect with our community and welcome you all into our refreshed space. For those who couldn’t attend, we’d still love to connect with you and share in the holiday spirit. And don’t forget, our Santa for Seniors donation box will be in the office until mid-December for anyone who wishes to participate. Thank you for being part of the Cypress family!

 

The Compass Q3 2024

Is the Federal Reserve on the horns of a dilemma?

Ever since the Federal Reserve began raising interest rates in March of 2022 Wall Street pundits have been anticipating the eventual easing of interest rates by the Federal Reserve. Over the past twelve months the collective market punditry has speculated that the Federal Reserve will cut rates from zero to seven times this year. Now that the Federal Reserve has begun to cut interest rates at their last meeting in September two questions need to be asked:

  • Are additional rate cuts necessary?
  • If so, then how many?

READ OCTOBER 2024 COMPASS

 

More information on new cloud-based software system!

We are pleased to remind you of our upcoming transition to a new cloud-based trust accounting software system, set to go live on Monday, September 9, 2024. This upgrade is an important step forward in enhancing the services we provide to you, bringing a host of new features, improved security measures, and a more intuitive, user-friendly interface.

To read the full letter sent to all of our clients, click HERE.

Cypress set to transition to a new cloud-based trust accounting software system!

We are excited to announce that Cypress Bank & Trust is transitioning to a new cloud-based
trust accounting software system on Monday, September 9, 2024. This significant upgrade
will bring enhanced features and additional security controls to better serve you. This
transformation is designed to elevate your experience with us, providing you with a more
robust and user-friendly system.

To read the full letter sent to all of our clients, click HERE.

The Compass Q2 2024

“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of light, it was the season of darkness, it was the spring of hope, it was the winter of despair.”

― Charles Dickens, A Tale of Two Cities

While Dickens was contrasting the lives of three families in London and Paris during the French Revolution, we think he could easily have been describing the stock market in 2024. For investors who owned a small select group of stocks (specifically Nvidia, Taiwan Semiconductor, Eli Lilly, Broadcom & Qualcomm) your return so far in 2024 is in excess of 70%. If on the other hand you owned the Dow Jones Industrial Average your return year to date is 5%, which pales in comparison.

Read July 2024 Compass