We’re not very far into 2023, but since the beginning of the year, the S&P 500 is up by 7%. This shift has many investment professionals questioning whether this means that 2022’s bear market is a thing of the past. However, rightfully so, investors are watching to make sure this run isn’t just a short-lived phenomenon that will put us right back to where we were.
There are also many interesting dynamics at play. The jobs market in the US is healthy, with some of the lowest unemployment numbers in decades, but many companies including Salesforce, Microsoft, and Amazon have announced massive layoffs within the last few months, leaving workers reeling and uncertain about the future of their employment.
We expect that the market will continue to have dips and runs, but we’re hopeful that a slow path to recovery is near. Whether the market continues to improve or if there is a tumble in the near future, our team is prepared to ensure the safety of your portfolio and adapt to ever-changing conditions quickly, making the best recommendations to our clients.
With advanced tools and technologies at our fingertips, we are closely monitoring markets and economic challenges all over the world, and we’ll take all of that information into account while serving our clients. Market behavior is never linear, and we don’t expect it to be, but we do expect that in time, we will all feel the benefits of making smart financial decisions now.
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