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HBS Q2 Market Recap: So far, so good

So far, so good: Market recap for Q2 2023
In spite of investors’ concerns over a possible recession entering 2023, capital markets and the U.S. economy have been resilient in the first and second quarter, with significantly less volatility. The U.S. equity market’s strong performance in the second quarter was propped up by the unexpected growth boom in artificial intelligence technologies. Overall, the S&P 500 gained 8.74% in Q2, resulting in a year-to-date gain of 16.89%.

However, the fight against inflation is ongoing. Compared to the strong headline equity market performance and stock gains we’ve had so far this year, fixed-income markets remain uncertain. The Federal Reserve has a long way to go to get back to its target of 2% inflation, causing fixed-income markets to keep a close eye on further rate hikes.

The coming months will be of vital importance to better quantify the unique dynamics of this market and determine whether a true “Goldilocks scenario” can be achieved. Read the Retirement Market Recap to learn more about Q2 market performance, see what insights we’ve gained and how they’ll shape Q3.

Please contact us with questions about this Market Recap or for information on how HANYS Benefit Services can enhance your organization's retirement offering.


HANYS Benefit Services is a marketing name of Healthcare Community Securities Corp., member FINRA/SIPC, and an SEC Registered Investment Advisor. This material has been prepared for informational purposes only and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. Past performance is not indicative or a guarantee of future returns. The information in this piece is not a recommendation to invest nor should it be relied upon as instruction to invest. It is not possible to invest directly in an index. Exposure to an asset class represented by an index may be available through investable instruments based on that index. Please visit our website trueplanadvisors.com/legal/indices_disclosures for further explanation and detail surrounding the indices referenced within.

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