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2023 Midyear Outlook: Asset Allocation Risks and Opportunities
What a year it has been for financial markets. There have been several negative factors in play, including a high-single-digit inflation print, the ongoing war in Ukraine, and several regional bank failures. Nonetheless, the S&P 500 finished the second quarter up 17 percent for the year. Go figure! Rather than reflecting on what happened, instead I’d like to focus on the potential risks and opportunities as we move into the second half of the year. The executive summary—for those who like to read the punch line first—supports a thoughtful rebalancing approach to trim asset classes that have performed ... (full story)