Financial Insights

KCM On Balance – July 2023

Equities markets ended one of the better first halves of a year in quite some time by the end of June. Market participants have become more confident that the economy is strong enough to shrug off the historic pace of rate hikes, banking system troubles, and stubborn inflation data. However, that suggests the Fed will have to keep rates higher for a more extended period and bond markets sold off.


The whiplash investors have experienced—from the exceedingly poor performance across stock and bond markets in 2022 to the healthy rebound in the first half of 2023—goes to show the benefits of being a patient investor.


What does the second half of 2023 hold for investors? No one knows. But just as we know an ice cream cone will melt more quickly on a hot summer day (July is National Ice Cream Month after all), we also know that over time markets reward patience. It may sometimes be a Rocky Road, but it’s worth the journey.


For more details on markets, see the June Market Commentary below.


Articles of Interest

June 2023 – Market Commentary

Perspective and insights on markets, headlines, and the economy.

Learn More

Will Inflation Hurt Stock Returns? Not Necessarily.

Will stock returns suffer if inflation keeps rising? A look at equity performance in the past three decades doesn’t show any reliable connection between periods of high (or low) inflation and U.S. stock returns.

Learn More

Higher Inflation Not the End of the 60/40 Portfolio

Two investment experts discuss expectations for U.S. inflation and returns, inflation-hedging assets, and the long-term viability of the 60% equities/40% bonds portfolio.

Learn More

The Best 3 Money Moves to Make This July

We’re halfway through 2023, which means it’s time to give your finances and investments a check-up…and make a few smart decisions.

Learn More

The Best Ice Cream in Every State

In celebration of summer and National Ice Cream Month–here’s where to order a scoop of the best ice creams in the U.S.

Learn More


Advisory services offered through KCPAG Financial Advisors LLC and insurance services offered through KCPAG Insurance Services LLC, subsidiaries of Kemper Capital Management LLC. Tax services offered through Kemper CPA Group LLP.

Symmetry Partners, LLC, is an investment advisory firm registered with the Securities and Exchange Commission. The firm only transacts business in states where it is properly registered, or excluded or exempt from registration requirements. Registration of an investment adviser does not imply any specific level of skill or training and does not constitute an endorsement of the firm by the Commission.

No one should assume that future performance of any specific investment, investment strategy, product, or non- investment related content made reference to directly or indirectly in this newsletter will be profitable. You should not assume any discussion or information contained in this email serves as the receipt of, or as a substitute for, personalized investment advice. Symmetry does not provide tax or legal advice and nothing either stated or implied here should be inferred as providing such advice. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions.

Investors cannot invest directly in an index. Indexes have no fees. Historical performance results for investment indexes do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment management fee, the occurrence of which would have the effect of decreasing historical performance results. Actual performance for client accounts will differ from index performance.

Share This Article