2023 Q1 Market Update
In the start of 2023, volatility, as measured by the VIX index, was low. Stocks continued their strong recovery from the bottom in October 2022. Growth stocks have experienced the largest rebound. This is following a ~30% down year in 2022. The cooling inflation numbers and the prospects of a possible recession have led market participants to expect a “FED PIVOT” in the back half 2023/early 2024. This would lead to a lowering ...