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 talking about the bad news for investors for 2023:

What’s interesting about the factors currently driving the economy, markets and portfolio returns is that we’re already 15 months into the current stock market downturn, yet we haven’t yet officially entered a recession. Usually, stock market downturns accompanied by a recession last about 12-18 months, so based on historical norms we should be almost “out of the woods”. If the recession hasn’t arrived, but is coming soon, that means we’re likely going to experience another calendar year of below average growth. We think it’s possible that the worst is behind us in the stock and bond markets, but with an economic slowdown comes additional downward pressure on stocks. We think that 2023 could be a year of treading water for most investors – not much growth from beginning to end. 

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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