Halfway through 2023, outlook improving
By Kyle Tetting
With half a year in the books, it’s an interesting time to circle back on past prognostications. On the heels of 2022 – one of the worst for balanced portfolios in 100 years – earlier forecasts were decidedly more difficult. Add in a Federal Reserve that was still talking tough and the potential for further economic weakness, and we’d be forgiven for erring on the side of caution. Reasonable caution is always appropriate, but investors too focused on the risks missed out on a lot across the first six months of 2023.