The strong performance of markets over the first half of the year continued through July. Dow, the Nasdaq, and the S&P 500 were all in positive territory, a welcome improvement versus this time last year when markets were significantly down.
Slowing inflationary pressures and the labor market’s resilience, which supports consumer spending, have fostered cautious optimism among market participants for a “soft landing” of the economy.
Experiencing good and bad years in investing is natural. Market conditions, asset classes, styles, strategies, and geographical factors all contribute to variations in returns. It’s important to maintain some perspective when considering the implications of returns, good or bad, over the short run.
There will always be some reason for concern on the near horizon. However, it’s crucial to recognize that long-term results are the most significant consideration for long-term investment success.
For more details on markets, see the July Market Commentary below.
Articles of Interest
July 2023 – Market Commentary
Perspective and insights on markets, headlines, and the economy.
Large and In Charge? Giant Firms Atop Market Is Nothing New
It’s impossible to systematically predict which large companies will outperform the stock market and which will underperform it—which underscores the importance of having a broadly diversified equity portfolio that provides exposure to a vast array of companies and sectors.
What Is a Soft Landing for the Economy? Will We Have One?
Whether the U.S. gets a soft landing or not, investors should stay the course through short-term market turbulence.
Don’t Have Money for College? Use FAFSA to Find Some. Here’s What It Is and How It Works.
If you aren’t sure about being able to pay for college, you should complete the Free Application for Federal Student Aid (FAFSA). The application doesn’t cost money and can open up new sources of funding to help pay for post-secondary education.
The Best Beach in Every State
Summer may be winding down, but there are still plenty of beach days. Here are some beaches to explore in the U.S.
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S&P 500 Index represents the 500 leading U.S. companies, approximately 80% of the total U.S. market capitalization.