Broker Check

Quarter 2 - 2023

The quarter in brief as of 06/30/2023 (1)

                                                                                                            Year to Date

Dow Jones Industrial Average                                                       +4.94%

S&P 500                                                                                               +16.89%                 

Bloomberg US Agg. Bond                                                                + 2.09%


We believe that the US economy continues to point to some sort of a recession sometime later this year or early next year. With the record amount of free money given during the pandemic, increased spending drove inflation to historic highs. That forced the Fed to start raising interest rates.

Most analysts believe the recession will be mild or moderate at best especially compared to the 2008 recession. This idea of a mild recession is looking more likely with the ongoing strength in the job market as unemployment rates are low and labor participation rates are high.

With this said we believe a diversified portfolio is still the best way to work through a possible recession. June saw widespread gains across all types of stocks both value and growth, domestic and international. Most fixed income sectors are also remaining positive for the year.

If you have any questions about your portfolio, please contact us to review your own retirement portfolio.


Do you have friends, family, or colleagues who you think might benefit from having a conversation with us about this volatility?  We would greatly value your referral