Is a recession coming?

After skirting tauntingly close to the edge, last week, the S&P 500 officially entered a bear market. So now the question on everyone’s mind is: Are we heading into a recession?

It’s a good one, and we’ve heard other questions from you, too — like how did we get here? How does this compare to what happened in 2008? And how long do we think the bear market will last?

I don’t know anyone better to ask than Chief Investment Officer Dr. Sylvia Kwan. So this week, I’m turning the mic over to her. And as always, she has some thoughtful answers for us.

READ SYLVIA’S ANSWERS

Until next time,

CO-FOUNDER & CEO

What’s the current contribution limit for an IRA?

We quizzed you in our Instagram Stories. Here’s what you said:

$6,000

59%


$20,500	30%

$27,000

11%

So which one is it? 👀 Find the answer in this article.

A collage of squares featuring images from LGBTQIA+ owned businesses.

85+ queer-owned businesses to support during Pride Month

… and always! These recs come directly from the broader Ellevest community. 🌈

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“[I bought] a king-sized bed for about $1,100. I unexpectedly had to move and already had a queen, but I splurged to have a quality mattress. With my new relaxed linen comforter, the bed really sets a vibe.”

– A 36-year-old attorney (and Elle Raiser) making $92K in Atlanta, GA, telling us the biggest thing they’ve ever splurged on with zero guilt

A tweet from Roxane Gay (@rgay) that says “Let me make sure my Beyoncé savings account is in order. I need to be ready for the blessings she is soon to bestow upon us”

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For your next lunch break

•	Congrats to Chief Lynn Malerba, the first woman to lead the Mohegan tribe, on also becoming the first Native American treasurer of the United States (!). She’ll be heading a newly created Treasury Office of Tribal and Native Affairs, too. 🙌
•	Speaking of firsts in Washington, two rooms in the Capitol building have been formally named in honor of women — finally. This is the first time in 230+ years that tourists will see women’s names among the men’s. A small step, for sure, but symbolic.
•	Remember the lawsuit that accused Google of underpaying women? They’re paying $118 million to more than 15,000 employees to settle it.
•	Jenny on the Block just announced a new program that will give $14 billion in loans to Latina entrepreneurs by 2030. 👏
•	Todd, is that you?️

See you at next week’s Ellevest Explains: Market Volatility?

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🤔 Opinionated: Are We Going Into a Recession?

Is a recession coming?

What’s the current contribution limit for an IRA?

85+ queer-owned businesses to support during Pride Month

“[I bought] a king-sized bed for about $1,100. I unexpectedly had to move and already had a queen, but I splurged to have a quality mattress. With my new relaxed linen comforter, the bed really sets a vibe.”

Inflation got your budget down?

For your next lunch break

See you at next week’s Ellevest Explains: Market Volatility?

This week’s newsletter was brought to you while grabbing a copy of this year’s Women’s Prize for Fiction winner. Forward it to your friends who need something to read on vacation.

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This Week’s Money Workshops (And More!)

💸 Money Cheat Sheet: Let’s Talk About the News

😒 Opinionated: 2 Articles I Hate-Read Last Week

☀️ This Week’s Event Forecast: It Looks Bright!

💸 Money Cheat Sheet: Moving Szn

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