Key Takeaways for Savvy Investors
What should we take away from the first half of 2023?
Things are looking up.
Optimism drove markets in the first half of the year and there’s reason to believe that positive trends could continue.
While a few key technology stocks contributed significantly to index growth, there are signs that the confidence is spreading to broader areas of the market.4
This is a good sign and could mean that we’re in the early stages of a bull market.
However, rallies don’t typically move in a linear fashion so it’s wise to expect pullbacks and corrections in the months ahead.
Flexibility is still key in today’s uncertain environment.
Is a recession coming in 2023?
That’s a tough question because the answer is still being hotly debated.
Some economists believe the risk of a recession is decreasing and see only a 25% chance of recession in the next 12 months.5
Others see the pressure of high interest rates resulting in a “moderate” recession this year or next.6
Which prediction will be correct?
We’ll have to wait and see.
Bottom line: we’re watching the data, staying flexible, and looking for opportunities.
Questions about markets or your portfolio? Please reach out. I'd be happy to chat.