The markets have recently encountered a significant obstacle that has caused panic among investors: the unemployment rate. Mark explains the impact of high interest rates intended to cool inflation, the significance of the recent job report, and why panic is not the right response. Tune in to better understand how these economic factors interact and what it could mean for the future of the market.
When 2023 kicked off, there were two storylines every economist, analyst, and financial advisor were keeping an eye on. Two potential crises that could upend the markets. I’m referring, of course, to the debt ceiling and the possibility of a recession. Today, six months later, I’m thrilled to announce that the first potential crisis has been resolved. There’s good news on the second one as well!
Between rising interest rates and a recent spate of bank failures, there’s a lot of uncertainty in the economy right now. This, in turn, has brought volatility back to the markets.
This is a short market piece for you in the form of a Q1 Recap. This letter covers how the markets performed from January through March, why the S&P ended the quarter up 7%, and what to look for moving forward.