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 ...