Economic & Market Overview
Resilient
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.
In this issue:
Fixed Income Commentary
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%.
Equity Commentary
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.