Quarterly Market Digest

Client Letter | 2Q2023 Recap & 3Q2023 Outlook

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Financial Markets Rebound in the First Half of 2023

A year can make a big difference

First quarter economic data showed the U.S. economy entered 2023 with considerable momentum, even considering the Federal Reserve’s interest rate hikes

Markets faced several challenges in 2022, including high inflation, historic central bank policy, the war in Ukraine, and Covid lockdowns in China.

At the risk of being repetitive, financial markets were unsettled and volatile during the third quarter.

Financial markets remained unsettled and volatile during the second quarter. The stock market’s trend changed multiple times as investors continued to search

In the first quarter of 2022, investors were blasted by powerful economic headwinds and tossed around by geopolitical turbulence. Among headlines moving the

In the Fourth Quarter of 2021, consumer demand remained strong, inflation pressures intensified, the labor market remained tight, a new Covid-19 variant started

Delta. Delta. Delta. And more delta. The highly transmissible delta variant grabbed headlines during the third quarter.

The reopening pace accelerated during the second quarter. Rising vaccination rates allowed more states to ease restrictions.

One-year after the pandemic first emerged, the U.S. is making some positive progress in battling the virus.