If there is one word that could be used to describe the performance of the U.S. economy over the first half of 2023, it would be resilient.
Inflection Point – From Tightening to Easing
Broad market high grade bonds declined by -0.8% this quarter reducing their year to date return to 2.2%.
Equities Continue Their Ascent
Equity markets continued their year-to-date (YTD) rise during the second quarter, building off the strong performance exhibited during the first quarter.