Markets and the economy remained on a better-than-expected trajectory so far in 2023. Inflation is higher than desired but has likely peaked, the labor market is still robust with around 3.5% unemployment, and corporate earnings have surpassed low expectations. Even residential housing, which many called for a swift decline in 2023, has defied consensus reflecting a slight decline in mortgage rates paired with still low levels of supply. Markets reflected this ‘better than expected’ mentality with positive results across most core areas in April. This brought year-to-date gains to levels that most investors would be happy with for the full year despite being only four months into the year.


April 14, 2023

The first quarter of 2023 saw strong gains for stocks and bonds. Investor sentiment was fickle during the quarter as...

March 9, 2023

After an exuberant January, investors took a step back as concerns reemerged that inflation and tighter financial conditions could derail...

February 7, 2023

Investors are deluged daily with data about the economy. Invariably, the data does not emit consistent clues about the direction...