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.


June 10, 2024

Key Takeaways U.S. economic resilience continued to surpass expectations, but early signs of a slowdown may be emerging. Slowing growth...

May 9, 2024

Key Takeaways After a strong Q1 saw the S&P 500 jump over 10%, equity markets retreated in April with U.S....

April 15, 2024

Key Takeaways The first quarter was a continuation of late 2023, characterized by stronger-than-anticipated growth paired with tamer inflation and...