May is known as a month of celebration, renewal, and transition. There’s a lot to celebrate, from high school and college graduations to Mother’s Day to Memorial Day. Some of us are gearing up for flowering season…others are leaning into National Hamburger Month. Still, there are a lot of unknowns: Will family members keep the peace? Will the weather impact planned festivities? Will the hamburger-to-bun ratio be sufficient?
This transitional month is similar to the markets—some things are to be expected while others we just can’t predict. April brought a wave of economic uncertainty, as market participants grappled with worries about rising inflation levels while banking sector struggles remained unresolved.
However, better-than-expected Q1 earnings results, led by American tech giants, helped prevent stock markets from heading into free-fall and provided temporary stability despite concerns over future monetary policy decisions.
While the economic environment was challenging, markets adjusted to the news and incorporated it into prices, then resumed rewarding long-term investors who were willing to put capital to work patiently.
Remember: the market is not the economy. Focus on your goals, be patient, and harvest the potential long-term rewards.
Articles of Interest
April 2023 – Market Commentary
Perspective and insights on markets, headlines, and the economy.
Market Returns through a Century of Recessions
What does a century of economic cycles teach investors about investing?
3 Pillars of Financial Wellness
Laying the groundwork for financial success includes paying off debt and setting aside emergency reserves.
How to Freeze Your Credit
A credit freeze can help prevent identity theft and fraud. Filing one is free and won’t harm your credit.
Spring Cleaning? What to Donate to Goodwill
It’s a great time to declutter. Find out what you can and cannot donate to the Goodwill and how your donation supports their mission.
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