Things feel cautious as families navigate a fresh interest rate hike and concentrated stock market risks.

Today, the financial picture feels cautious as families navigate concentrated market risks and rising borrowing costs. Awealthofcommonsense reported that while the S&P 500 is up 13% this year, most individual stocks lose money. Over on r/stocks, people are debating the dangers of keeping 70% of their net worth in a single company. With the Federal Reserve also raising rates by 25 basis points, the mood remains firmly guarded.