This week’s theme on the Retirement Quick Tips Podcast is: 2023 So far…I’m recapping what happened in the economy and markets in the first quarter of 2023 and looking ahead to the rest of the year

 

Today…I’m recapping what was driving markets in the first quarter of 2023:

Stocks rallied sharply to start the year as inflation subsided and investors grew increasingly confident that the Federal Reserve was nearly done raising interest rates. But when Silicon Valley Bank and Signature Bank collapsed, stocks gave back most of those gains. When conditions stabilized and the Fed suggested they were almost done with their tightening cycle, stocks rallied, and the S&P 500 finished up 7% in the first quarter of 2023. Bonds have also turned around after suffering their worst calendar year loss ever in 2022. The US Aggregate Bond Index gained 2.91% this past quarter. 

That’s it for today. Thanks for listening! My name is Ashley Micciche and this is the Retirement Quick Tips podcast.    

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